The Literary History of the Adelphi and Its NeighbourhoodBrereton, Austin
History
The Literary History of the Adelphi and Its Neighbourhood
Brereton, Austin
Adelphi (London, England) -- History; Literary landmarks -- England -- London; London (England) -- History
The shops of the goldsmiths and bankers were, of course, situated in
the city of London until, in 1692, the firm of Middleton & Campbell was
established in St Martin's Lane. George Middleton and John Campbell
were the predecessors of the great banking firm known as Coutts &
Co., whose premises in the Strand occupied part of the New Exchange
and the Adelphi for one hundred and sixty odd years. Campbell, who
died in 1712, and was buried in the churchyard of St Paul's, Covent
Garden, left his "faithful and honest partner" as executor to his four
children until the coming of age of his eldest son, William. In 1729,
the youngest son of John Campbell became a partner. Until 1737, the
business was carried on in St Martin's Lane, then the centre of the
artistic world of London. In that year Messrs Middleton & Campbell
occupied the middle house of a row of eleven which had been built on
the site of "Britain's Burse." The firm did not become "bankers" until
1740, although it had transacted the usual banking business, together
with an army and commission agency, for many years previously. In
1712-13 Middleton & Campbell had acted as agents for Queen Anne's 4th
Troop of Guards. The name of the firm was changed to that of Coutts in
1760, and it is by this honoured name that it is likely to be known so
long as it exists--and that will be so long as banking flourishes as
an institution in this country. The original sign of the house, three
crowns, is still used on the cheques, surrounded by the words: "At the
Three Crowns in the Strand, next door to the Globe Tavern, A.D. 1692."
The story of the change in the name of the firm is curious and
interesting. This history being more particularly concerned with Thomas
Coutts, and his establishment in the Strand, it is not necessary to go
further into his genealogy than to state that the great banker was a
descendant of William Coutts and his wife, Janet Ochiltree, of Montrose.
Public-domain text, read in full here on John Shaqi.
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