Posted by: kbenoy | July 18, 2012

The Estate of Samuel Loveridge

This week I have started sorting the records of Samuel Loveridge, which mostly relate to his trust following his death. Samuel Loveridge was the brother of Henry Loveridge, well known locally for his Japanned Ware business. Samuel was born in about 1822 in Birmingham to Samuel Loveridge Snr and his wife Anne. Around 1846 Samuel married Ann Pepperill Clark, daughter of Thomas Clark and joined the family ironfounding business T & C Clark.

Samuel and Ann had at least 8 children:

  • Amy (1847-1860)
  • Cicely (1850-1863)
  • Annie (1851-1926) married William Gladstone Owen (1895)
  • Thomas Clark (1852-1884) married Florence Harris (1878)
  • Sam (1854-1938) married Ethel Grace Hazeldine (1877)
  • Nelly (Ellen) (1855-1913) married Watson Hanmer (1876)
  • Walter (1858-1888) married Constance Ellen Neve (1885)
  • Henry (1862-1901) married Agnes Eleanor Neve (1889)

Samuel’s wife Ann Pepperill died in 1862 following the birth of their last child Henry. She was buried at Merridale with some other members of the family. Samuel remarried to Catherine Underhill but had no more children.

By the time of Samuel’s death in 1906 his two youngest daughters Amy and Cicely had died as had three of his four sons; Thomas Clark, Walter and Henry. The surviving children included Annie, Sam and Nelly. His wife Catherine predeceased him by a year, dying in 1905.

Samuel’s Estate was large and complex as he had great wealth at the time of his death of £615892 15s 7d, which in modern money would be around £35,321,450.89. He appointed his wife Catherine, son Samuel, brother-in-law James Edward Underhill and Loftus Balfour Morton as Executrix and Executors and Trustees.

His Estate included a number of Legacies to his family, friends and charities:

  • £500 to Loftus Balfour Moreton for the trouble of being his Executor
  • £500 to Harriett Wildman, his sister
  • £100 to the Wolverhampton Orphan Asylum
  • An additional 1 years wages to domestic servants including coachmen and gardeners

The household furniture was left to his Trustees and as his wife had predeceased him, added to the residue of the estate. The house and land at Danes Court, Tettenhall was left to his wife Catherine.

£5,000 was to be invested with the interest going to Florence Banks, widow of Samuel’s son Thomas Clarke Loveridge. After her death, the £5,000 was to be added to the Trust Fund for Violet Loveridge, daughter of Florence and Thomas Clark.

£5,000 was to be invested with the interest going to Constance Loveridge, widow of Samuel’s son Walter Loveridge. After her death, the £5,000 was to be split equally between the Trust funds of Amy Loveridge and Guy Loveridge, the children of Walter and Constance.

£20,000 was to be invested with the interest going to Agnes, widow of Samuel’s son Henry Loveridge. After her death the money was to become part of the residuary estate.

£30,000 and 1/5 of the residue of the estate was to be invested on behalf of Annie Owen, daughter of Samuel. An annuity was to be paid of £200 to Annie Owen and any children she may have.

£30,000 and 1/5 of the residue of the estate was to be invested on behalf of Nellie Hanmer, daughter of Samuel. An annuity was to be paid of £200 to Nellie Hanmer and her children Dorothy and William Calvert.

£40,000 and 1/5 of the residue of the estate was to be invested on behalf of Sam Loveridge, son on Samuel Loveridge. An annuity was to be paid of £100 to Same Loveridge and his children.

£25,000 and 1/5 of the residue of the estate was to be invested on behalf of Violet Loveridge, granddaughter of Samuel.

£12,500 and 1/10 of the residue of the estate was to be invested on behalf of Amy Loveridge, granddaughter of Samuel, and the same for her brother Guy Loveridge.

Much of this information has come from the records relating to the Samuel Loveridge Trust in the Smith, Son & Wilkie collection and a copy of his will obtained from Lichfield Record Office. Research is also being undertaken by volunteers on the project to get a better understanding of the lives of the Loveridge family.

The records in the Smith, Son & Wilkie collection cover about 14 standard archive boxes and include Cash Books, Ledgers, Balance Sheets and Income and Expenditure Accounts and Investment Ledgers for the individual trusts.

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Responses

  1. This is quite fascinating – as I am Guy James Clarke Loveridge – I wonder where the residual estate went to!?!?!

    • Hi Guy, I am interested to hear that you are likely a descendant of Samuel Loveridge. We have been conducting research into his family to understand the records and would be interested to know where you fit in to the family. I can’t help with the financial side but if you would like more details on our research please email me at kimberley.benoy@wolverhampton.gov.uk


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