- William Newmarch
William Newmarch (
January 28 ,1820 -March 23 ,1882 ) was aYorkshireman , Englishbanker ,economist andstatistician born atThirsk , Yorkshire.He took his schooling at
York , and, as a young man, held some clerkly appointments in that city. He early showed his literary taste and talent by publishing a Guide to the City, by frequent correspondence with the "Sheffield Iris ," and by the delivery of lectures. Having served as a clerk under a stamp distributor, he passed to theYorkshire Fire and Life Office at York, then to the banking house ofMessrs. Leatham, Few, and Co. , atWakefield (1843-1846). (Proceedings of the Royal Society of London)He then moved to
London and worked for three banks:
* theAgra Bank (1846-1851
* secretary to theGlobe Insurance Company (1851-1862
* chief officer in the banking-house ofGlyn, Mills & Co. (1862-1881)Notwithstanding the continuous pressure of an active business life he found time to contribute largely many valuable articles to the magazines and newspapers, and took an active part in the proceedings of the
Royal Statistical Society (of which he was one of the honorary secretaries, editor of its journal, and in President (1869-1871)) and thePolitical Economy Club . He was also elected a fellow of theRoyal Society . His extensive knowledge of banking was displayed in the evidence which he gave before the select committee on the Bank Acts in 1857. He collaborated withThomas Tooke in the two final volumes of his "History of Prices" and was responsible for the greater part of the work in those volumes. For nineteen years he wrote an admirable survey, of the commercial history of the year inThe Economist . He died at Torquay on23 March 1882 . After his death his friends founded, in perpetuation of his memory, aNewmarch Lectureship in economic science and statistics at University College, London. Arthur Bowley, Josiah Stamp, andUdny Yule were amongst the distinguished Newmarch lecturers.Obituaries
*"The Death of Mr. William Newmarch"
Journal of the Statistical Society of London , Vol. 45, No. 1. (Mar., 1882), pp. 115-121.
*Obituary Notices of Fellows Deceased, Proceedings of the Royal Society of London, [http://visualiseur.bnf.fr/Visualiseur?Destination=Gallica&O=NUMM-56128 Vol. 34. (1882 - 1883)] , pp. xvii-xix.Discussion
There is a section on Newmarch in
*Paul J. FitzPatrick "Leading British Statisticians of the Nineteenth Century," Journal of the American Statistical Association, Vol. 55, No. 289. (Mar., 1960), pp. 38-70. Reprinted in Studies in the History of Statistics and Probability II Edited by M G Kendall and R L Plackett, London 1977.Resources and external links
* [http://www.royalsoc.ac.uk/DServe/dserve.exe?dsqIni=Dserve.ini&dsqApp=Archive&dsqDb=Catalog&dsqSearch=RefNo='EC/1861/09'&dsqCmd=Show.tcl Royal Society citation]
There is more information about Newmarch in the following AIM25 library record
* [http://www.aim25.ac.uk/cgi-bin/frames/fulldesc?inst_id=12&coll_id=2231&full=1&template=1 NEWMARCH, William (1820-1882): papers]
Newmarch is placed among the classical economists in the opening (and sample) chapter of the following
* [http://www.pupress.princeton.edu/chapters/s7829.html D. P. O'Brien The Classical Economists Revisited]
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