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THOMAS COUTTS (1735-1822)

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Originally appearing in Volume V07, Page 337 of the 1911 Encyclopedia Britannica.
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THOMAS See also:COUTTS (1735-1822)  , See also:English banker and founder of the banking See also:house of See also:Coutts & Co., was See also:born on the 7th of See also:September 1735 . He was the See also:fourth son of See also:John Coutts (1699-1751), who carried on business in See also:Edinburgh as a See also:corn See also:factor and negotiator of bills of See also:exchange, and who in 1742 was elected See also:lord See also:provost of the See also:city . The See also:family was originally of See also:Montrose, but one of its members had settled at Edinburgh about 1696 . Soon after the See also:death of John Coutts the business was divided into two branches, one carried on in Edinburgh, the other in See also:London . The banking business hi London was in the hands of See also:James and See also:Thomas Coutts, sons of John Coutts . From the death of his See also:brother in 1778, Thomas, as surviving partner, became See also:sole See also:head of the See also:firm; and under his direction the banking house See also:rose to the highest distinction . His ambition was to establish his See also:character as a See also:man of business and to make a See also:fortune; and he lived to succeed in this aim and See also:long to enjoy his reputation and See also:wealth . A See also:gentleman in See also:manners, hospitable and benevolent, he counted amongst his See also:friends some of the See also:literary men and the best actors of his See also:day . Of the enormous wealth which came into his hands he made munificent use . His private See also:life was not without its romantic elements . Soon after his See also:settlement in London he married See also:Elizabeth Starkey, a See also:young woman of humble origin, who was in attendance on the daughter of his brother James . They lived happily together, and had three daughters Susan, married in 1796 to the 3rd See also:earl of See also:Guilford; Frances, married in 1800 to John, 1st See also:marquess of See also:Bute; and See also:Sophia, married in 1793 to See also:Sir See also:Francis See also:Burdett .

Mrs Coutts dying in 1815, her See also:

husband soon after married the popular actress, Harriet Mellon; and to her he See also:left the whole of his immense fortune . He died in London on the 24th of See also:February 1822 . His widow married in 1827 the 9th See also:duke of St Albans, and died ten years later, having bequeathed her See also:property to Angela, youngest daughter of Sir Francis Burdett, who then assumed the additional name and arms of Coutts . In 1871 this See also:lady was created Baroness Burdett-Coutts (q.v.) . See C . See also:Rogers, Genealogical See also:Memoirs of the Families of See also:Colt and Coutts (1879); and R . See also:Richardson, Coutts &' Co . (1900) .

End of Article: THOMAS COUTTS (1735-1822)
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