Mr. Thomas Tayler, Twenty Two Years Master Of Lloyds Coffee House. Died 6th. June 1796, aged 50.
Publish'd Novr. 1st. 1796. as the Act directs.
Mezzotint. 355 x 285mm. Some evidence of rubbing to the mezzotint on what is otherwise a fine impression. Two small tears to right paper edge, well outside plate.
Thomas Tayler [1746 - 1796], Master of Lloyd's Coffee House. The coffee house that Edward Lloyd opened in 1687 near the Thames on Tower Street was a favourite haunt of men from the ships that moored at London's docks. The house was 'spacious, well built and inhabited by able tradesmen' according to a contemporary publication. It grew so popular that in 1691 Lloyd moved it to much larger and more luxurious quarters on Lombard Street. Nat Ward, a publican whom Alexander Pope accused of trading vile rhymes for tobacco, reported that the tables in the new house were 'very neat and shined with rubbing.' A staff of five served tea and sherbet as well as coffee. Lloyd's coffee house served from the start as the headquarters for marine underwriters, in large part because of its excellent mercantile and shipping connections. In 1771 seventy-nine of the underwriters who did business at Lloyd's subscribed £100 each and joined together in the Society of Lloyd's, an unincorporated group of individual entrepreneurs operating under a self-regulated code of behavior. These were the original Members of Lloyd's; later, members came to be known as 'Names.' The Names committed all their worldly possessions and all their financial capital to secure their promise to make good on their customers' losses. That commitment was one of the principal reasons for the rapid growth of business underwritten at Lloyd's over the years. In 1774 the 'Subscribers to Lloyd's' occupied new premises at the Royal Exchange at Cornhill. By the turn of the century the traditional club of marine underwriters had become an international market for insurance risks of almost every type. Lloyd's pre-eminence as a world centre for insurance had been established.
CS: 83. Only state. Frankau: 288. Only state.
[Ref: 655] £490.00