Sir John Rae Reid, 2nd Baronet (1791–1867) was a Scottish merchant and financier. He was a Tory and Conservative politician who sat in the House of Commons between 1830 and 1847.
Early life
Reid was the son of Sir Thomas Reid of Ewell Grove and his wife Elizabeth Goodfellow. He succeeded his father in the baronetcy in 1824
Political life
Reid was the Member of Parliament for Dover, Kent from 1830 to 1831 and from 1832 to 1847.
Slave ownership
According to the Legacies of British Slave-Ownership at the University College London, Reid was awarded compensation in the aftermath of the Slavery Abolition Act 1833 with the Slave Compensation Act 1837.
Reid was associated with seventeen different claims, he owned over 3000 slaves in British Guiana, Jamaica, St Kitts, Trinidad and the British Virgin Islands. He received over £62,000 in compensation from these claims (worth £7.43 million in 2025) .
Career
Reid was head of the firm Reid, Irving & Co., and later a Director (1820 to 1847) of the Bank of England, except when acting as Deputy Governor (1837 to 1839) or Governor (1839 to 1841). In June 2020 the Bank of England issued a public apology for the involvement of Reid, amongst other employees, in the slave trade following the investigation by the Centre for the Study of the Legacies of British Slave-ownership at UCL.
Personal life
He married Maria Louisa, the daughter of Richard Eaton of Stetchworth Park, Cambridgeshire with whom he had 2 sons and a daughter.
References
- Debrett's Baronetage of England (1835)
- ^ "REID, Sir John Rae, 2nd bt. (1791-1867), of 8 Broad Street Buildings, Finsbury Circus, London and Ewell Grove, Surr". History of Parliament Online. Retrieved 22 May 2017.
- "Sir John Rae Reid 2nd Bart". University College London. Retrieved on 20 March 2019.
- UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 7 May 2024.
- "Sir John Rae Reid 2nd Bart". University College London. Retrieved on 15 September 2021.
- http://carlyleletters.dukejournals.org/cgi/content/full/22/1/lt-18471002-TC-AC-01#FN1_REF Archived 21 July 2011 at the Wayback Machine (footnote 1)
- Jolly, Jasper (18 June 2020). "Bank of England apologises for role of former directors in slave trade". The Guardian. ISSN 0261-3077. Retrieved 19 June 2020.
External links
| Parliament of the United Kingdom | ||
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| Preceded byRobert Henry Stanhope Charles Poulett Thomson |
Member of Parliament for Dover 1832 – 1847 With: Charles Poulett Thomson to 1833 John Halcomb 1833–35 John Minet Fector 1835–37 Edward Royd Rice from 1837 |
Succeeded byEdward Royd Rice Sir George Clerk |
| Baronetage of the United Kingdom | ||
| Preceded byThomas Reid | Baronet (of Ewell Grove) 1824 – 1867 |
Succeeded byJohn Reid |
| Governors of the Bank of England (1694–present) | |
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| England (1694–1707) |
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| Great Britain (1707–1801) |
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| Great Britain and Ireland (1801–1922) |
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| Great Britain and Northern Ireland (1922–present) |
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- 1791 births
- 1867 deaths
- Baronets in the Baronetage of the United Kingdom
- Conservative Party (UK) MPs for English constituencies
- Governors of the Bank of England
- UK MPs 1830–1831
- UK MPs 1832–1835
- UK MPs 1835–1837
- UK MPs 1837–1841
- UK MPs 1841–1847
- Tory MPs (pre-1834)
- Members of the Parliament of the United Kingdom for Dover
- Anglo-Scots
- Scottish slave owners
- Recipients of payments from the Slavery Abolition Act 1833
- 19th-century Scottish businesspeople
- Baronets in the Baronetage of the United Kingdom stubs
- Conservative MP for England stubs
- Conservative MP (UK), 18th-century birth stubs