- Samuel Courtauld (industrialist)
Samuel Courtauld (
1793- 22 March 1881) was an American-born industrialist and Unitarian, chiefly remembered as the driving force behind the early 19th century growth of the Courtauld textile business in England.
The Courtauld family were descendants of
Huguenots (French Protestant) refugees who ran a successful business in Londonas gold and silversmiths, before moving to America in the late 18th century.
Courtauld was the eldest son of Unitarian
George Courtauld. Soon after Samuel’s birth in Albany, New York, the family moved to Englandin 1794 and George established a textile business in north Essexat Pebmarsh– George Courtauld & Co – with his cousin Peter Taylor (1790-1850). By the time he was 17, Samuel Courtauld was managing his own silkmill in Braintree, Essex.
In 1818, George Courtauld returned to America, leaving Samuel Courtauld and Taylor to expand the business – now known as Courtauld & Taylor – by building further mills in
Halsteadand Bocking. In 1825 Courtauld and Taylor installed a steam engineat the Bocking mill, and then installed power looms at Halstead. The mills, however, remained heavily dependent on young female workers – in 1838, over 92% of his workforce was female.
Courtauld was strongly interested in politics. A supporter of the Whigs, he supported the 1832
Reform Act, was involved in the Nonconformistcampaign against the paying of church rates, and was an active supporter (particularly financially) of the Anti-Corn Law League.
By 1850, Courtauld employed over 2,000 people in his three silk mills, and he had recruited partners including (in 1828) his brother, George Courtauld II (1802-1861) and – in 1849 - fellow Unitarian social reformer
Peter Alfred Taylor(1819-1891 – son of Peter Taylor who died the following year). By this time, Courtauld was, by any estimate, a very wealthy man but was also suffering from deafness. He planned to spend more time on his country estate Gosfield Hallnear Halstead, but could not convince himself to retire, and continued to play an active role in the company until just before he died in March 1881.
His great nephew Samuel Courtauld (1876-1947) became chairman of the Courtauld company in 1921 but is chiefly remembered today as the founder of the
Courtauld Institute of Artin London. Another great nephew, Stephen Courtauld, was also an arts patron and restored Eltham Palacein south-east London.
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