The Reeve’s Tale magazine's old website
The Gurney Family and Barclays
Bank. The history of
Barclays Bank in Norwich goes back over 200 years. In fact, it was May 12th,
1775 that the brothers John and Henry Gurney, famous Quakers whose "reserved,
cautious and trustworthy natures" made them successful businessmen and
bankers, formed a partnership and opened their first bank. In about 1777,
Bartlett Gurney joined the partnership and in 1779 he purchased Alderman
Poole's Georgian house at 3 Redwell Plain, Norwich and converted it into a
bank. Poole was a
wine merchant and the former wine cellars were used as bank vaults, the
junior clerk having to sleep on a camp bed over the trap door until the
premises were rebuilt in 1926, or so the story goes! By 1800 the
bank was well established and Redwell Plain was known as Bank Place, later
Bank Plain. In 1896, twenty
banks including Gurney & Co of Norwich and Peckover & Co of Wisbech
amalgamated under the name of Barclay & Co Limited. The directors were
drawn from the existing bankers and they became "local directors",
men who knew their districts well and built up personal relationships between
banker and customer. This system of local directors based at local head
offices existed until the late 1990's. At the time of
amalgamation there were six Gurney partners - Samuel Gurney Buxton, Henry
Birbeck, Geoffrey Fowell Buxton, Hugh Gurney Barclay, Edward Lewis Birbeck,
John Nigel Gurney. The Bank
outgrew its premises and a new building was designed in 1926 with a huge
banking hall, offices and strong rooms, and the then revolutionary electric
lighting which was concealed in the lofty ceiling. Adapted
from The East Anglian Monthly dated May 1979 |