Edward Payne

???? - 1794


Biography

London merchant, partner with Rene Payne (q.v.). Edward and Rene Payne reportedly purchased a coffee plantation in St Paul's Dominica in 1776. This estate has not yet been identified by LBS. 'They also appear to have had some involvement with estates in Grenada, as well as a possible interest in the cargo of 313 slaves carried by a ship called the Marlborough in 1772-1773, and as creditors of merchants who owned property in Jamaica, including Monteath, Miller & Sinclair, William and Thomas Monteath and Thomas Hibbert junior.'

  1. The will of Edward Payne of Kings Arms Yard was proved at London 21/11/1794 and referred to Rene Payne as his nephew. He instructed his trustees - Rene Payne and Joseph Nutt - to realise his property and raise £20,000, from which the interest was to be paid to Edward Payne's wife Frances for life, and then the principal was to be divided and the interest on £6000 to go to his son John George Payne; on £6000 to his son-in-law Rev. George Pickard; and on £6000 to his daughter Elizabeth Adair. He left further amounts in trust directly for his children and left monetary legacies to his grandchildren of £1000 each.

Sources

RBS/Citizens Financial Group, Inc. Historical Research Report: Predecessor Institutions Research Regarding Slavery and the Slave Trade (first published May 25, 2006; updated May 29, 2009), p. 7.

  1. PROB 11/1251/48.

Further Information

Absentee?
British/Irish
Spouse
Frances
Children
Elizabeth, John George; 1 da.

Legacies Summary

Commercial (2)

Name partner
Edward and Rene Payne & Co.
West India and General Merchant  
 
Governor
Bank of England
Banker  
 

Relationships (2)

Business partners
Business partners

Addresses (1)

King's Arms Yard, Coleman Street, City of London, Middlesex, South-east England, England