John Rudge (banker)

John Rudge (15 August 1669 – 22 March 1740) was a London merchant and politician who sat in the House of Commons almost continuously between 1698 and 1734. He was a Governor of the Bank of England from 1713 to 1715.

Early life and family

John Rudge

Rudge was the eldest surviving son of Edward Rudge, merchant of London, and his wife Susanna Dethick, daughter of Sir John Dethick of London. His father had purchased the manor of Evesham in 1664, and represented the borough in Parliament. Rudge was chosen Mayor of Evesham for 1691. On his father's death in 1696, he succeeded to the estate of Evesham Abbey. He married Susanna Letten, the daughter and heiress of John Letten of London on 10 January 1699.^[1]

Business career

Rudge became a leading figure in the City of London. In 1696 he was appointed an assistant in the Royal African Company and to the committee of the East India Company. He was a director of the New East India Company from 1704 to 1708 and a director of the Bank of England from 1699 to 1711.^[1] He was elected Deputy Governor of the Bank of England for 1711 to 1713 and made Governor for 1713 to 1715.^[2] He subsequently resumed his directorship from 1715 to his death. He was also Deputy-Governor of the South Sea Company from 1721 to 1730.

Political career

Rudge was elected Member of Parliament for Evesham at a by-election 11 March 1698, and returned again at the first general election on 1701. However at the second general election of that year he lost the seat through lack of family support. He regained the seat at Evesham in 1702 and was returned at contests at the general elections of 1705, 1708, 1710, 1713^[1], 1715, 1722 and 1727. He was defeated in a contest at the 1734 general election. He was classed as a Whig and supported the administration after 1715.^[3]

Death and legacy

Rudge died on 22 March 1740 He had a son Edward, and two daughters. He was buried in Wheatfield, Oxfordshire where his son lwas living.

References

1 2 3 "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament online (1690-1715). Retrieved 21 May 2017.
↑ Governors of the Bank of England. Bank of England, London, 2013. Archived here. Retrieved 28 January 2016.
↑ "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament Online (1715-1754). Retrieved 13 October 2018.

Parliament of England
Preceded by Sir James Rushout, 1st Bt Henry Parker	Member of Parliament for Evesham 1698–1701 With: Henry Parker 1698-1701 Sir James Rushout, 2nd Bt 1701	Succeeded by Hugh Parker Sir James Rushout, 2nd Bt
Preceded by Hugh Parker Sir James Rushout, 2nd Bt	Member of Parliament for Evesham 1702–1708 With: Hugh Parker	Succeeded by Parliament of Great Britain
Parliament of Great Britain
Preceded by Parliament of England	Member of Parliament for Evesham 1708–1734 With: Sir Edward Goodere 1708-1715 John Deacle 1715-1722 Sir John Rushout, 4th Bt 1722-1734	Succeeded by Sir John Rushout, 4th Bt William Taylor
Government offices
Preceded by Nathaniel Gould	Governor of the Bank of England 1713 – 1715	Succeeded by Sir Peter Delmé

External links

Media related to Governors of the Bank of England at Wikimedia Commons

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[HOP-1] 1 2 3 "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament online (1690-1715). Retrieved 21 May 2017.

[2] Governors of the Bank of England. Bank of England, London, 2013. Archived here. Retrieved 28 January 2016.

[HOP2-3] "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament Online (1715-1754). Retrieved 13 October 2018.