| Code | DS/UK/257 |
| Surname | Palmer |
| Forenames | (John) Horsley |
| Dates | 1779 - 1858 |
| Epithet | Director (1811 - 1813, 1814 - 1816, 1817 - 1819, 1820 - 1822, 1823 - 1825, 1826 - 1828, 1833 - 1845, 1846 - 1857) Deputy Governor (1828 - 1830); Governor (1830 - 1833) |
| Activity | John Horsley Palmer, was a Merchant banker. Born at Nazeing, Essex. Educated at Charterhouse. Became an East India merchant in 1802. Director, London Assurance Company, 1808-11. Married Elizabeth Howley in 1810 (died 1839). Director of the Bank, 1811-57. Resisted William Husskisson's scheme for a limited bimetallic standard, 1827. Deputy Governor of the Bank, 1828-30. Resisted attempts by the Chancellor of the Exchequer to limit the privileges of the Bank, especially in relation to joint-stock banks, 1830. Governor of the Bank, 1830-33. Deflected the attempt to create a rival national bank, and helped the Bank to achieve greater security for its privileges and greater recognition of its utility to the state in its new charter in 1833. Articulated the 'Palmer rule' on currency regulation to the banking enquiry of 1831-32. Married Jane Louise Cockerell in 1841. His son, Edward Howley Palmer, was Governor of the Bank, 1877-79.
With his brothers he was awarded compensation as mortgagees-in-possession of Springs and Mount Aire in Grenada and with his brother George and Lestock Peach Wilson (q.v.) he was awarded compensation as mortgagee of the Upper Latante estate, again in Grenada. |
| Source | Oxford Dictionary of National Biography
UCL Legacies of British Slave-ownership: https://www.ucl.ac.uk/lbs/ |
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