Roger barclay biography

Barclays Bank and its Quaker roots

The international bank Barclays can trace its origins back to 1690 when John Freame and his brother in law Thomas Gould, both Quakers, started to trade as goldsmiths in Lombard Street in London.

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Both of them were well respected by their professions, and were freemen of the City of London. 

In those days cash deposits were often placed with goldsmiths, and the receipts they issued began to be used as money.

Freame and Gould gradually became bankers because of this.Their partnership predates the foundation of the Bank of England.

 As John had served an apprenticeship in metalworking he understood the metal mining business, so one of their first banking activities was to finance the London Lead Company, along with fellow Quaker Edward Wright, in 1704.

Lombard Street had become the centre of early banking, and in 1728 Gould and Freame moved to larger premises at number 54. At that time most people could not re