Online Encyclopedia

SIR GILBERT HEATHCOTE (c. 1651-1733)

Online Encyclopedia
Originally appearing in Volume V13, Page 159 of the 1911 Encyclopedia Britannica.
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SIR GILBERT HEATHCOTE (c. 1651-1733)  , lord mayor of
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London, belonged to an old
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Derbyshire
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family and was educated at Christ's College, Cambridge, afterwards becoming a merchant in London . His trading ventures were very successful; he was one of the promoters of the new East India
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company and he emerged victorious from a contest between himself and the old East India company in 1693; he was also one of the founders and first
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directors of the
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bank of England . In 1702 he became an alderman of the city of London and was knighted; he served as lord mayor in 1711, being the last lord mayor to ride on horse-back in his procession . In 1700 Heathcote was sent to parliament as member for the city of London, but he was soon expelled for his share in the circulation of some
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exchequer bills; however, he was again elected for the city later in the same
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year, and he retained his seat until 1710 . In 1714 he was member for
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Helston, in 1722 for New
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Lymington, and in 1727 for St Germans . He was a consistent Whig, and was made a
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baronet eight days before his
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death . Although extremely rich, Heathcote's meanness is referred to by Pope; and it was this trait that accounts largely for his unpopularity with the
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lower classes . He died in London on the 25th of
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January 1733 and was buried at
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Normanton, Rutland, a residence which he had
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purchased from the Mackworths . A descendant,
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Sir Gilbert John Heathcote, Bart . (1795-1867), was created Baron Aveland in 1856; and his son Gilbert Henry, who in 1888 inherited from his
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mother the
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barony of
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Willoughby de Eresby, became 1st
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earl of Ancaster in 1892 .

End of Article: SIR GILBERT HEATHCOTE (c. 1651-1733)
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