Stephen Fox Explained

Honorific-Prefix:Sir
Stephen Fox
Birth Date:27 March 1627
Birth Place:Farley, Wiltshire
Nationality:British
Spouse:Elizabeth Whittle
Christiana Hope
Children:14 children including
Stephen Fox-Strangways, 1st Earl of Ilchester
Henry Fox, 1st Baron Holland

Sir Stephen Fox (27 March 1627 – 28 October 1716) of Farley in Wiltshire, of Redlynch Park in Somerset, of Chiswick, Middlesex and of Whitehall, was a royal administrator and courtier to King Charles II, and a politician, who rose from humble origins to become the "richest commoner in the three kingdoms".[1] He made the foundation of his wealth from his tenure of the newly created office of Paymaster-General of His Majesty's Forces, which he held twice, in 1661–1676 and 1679–1680. He was the principal force of inspiration behind the founding of the Royal Hospital Chelsea, to which he contributed £13,000.[2]

Origins

Stephen Fox was sixth but fourth surviving son of William Fox, of Farley, Wiltshire, a yeoman farmer, by his wife Elizabeth Pavey, a daughter of Thomas Pavy of Plaitford, Hampshire.[3] His eldest surviving brother was John Fox (1611–1691), Clerk of the Acatry to King Charles II. Stephen's sister was Jane Fox (1639–1710),[4] who married Nicholas Johnson (died 1682),[5] who was Paymaster-General of His Majesty's Forces[4] from 1680 to 1682, following Stephen Fox's second shorter term in that office.

Career

Stephen was a Chorister of Salisbury Cathedral in Wiltshire (–) and was mentioned in John Evelyn's Diary as a poore boy from the quire of Salisbury. His elder brother John Fox had obtained a position in the royal court on the recommendation of the Dean of Salisbury Cathedral, and first introduced his younger brother Stephen to the royal court, specifically to the household of the royal children, as "supernumerary servant and play-fellow".[1] At the age of fifteen Stephen obtained a post in the household of Algernon Percy, 10th Earl of Northumberland; then he entered the service of Lord Percy, the earl's younger brother, and was present with the royalist army at the Battle of Worcester as Lord Percy's deputy at the ordnance board. Accompanying King Charles II in his flight to the continent, he was appointed manager of the royal household on the recommendation of Edward Hyde, 1st Earl of Clarendon. Clarendon described him as "a young man bred under the severe discipline of Lord Percy ... very well qualified with languages, and all other parts of clerkship, honesty and discretion".

The skill with which Fox managed the finances of the exiled court earned him further confidence and promotion. He was employed on several important missions, and acted eventually as intermediary between the king and General Monck. Honours and emolument were his reward after the Restoration of the monarchy; he was appointed to the lucrative offices of First Clerk of the Green Cloth and Paymaster of the Forces.

Paymaster of the Forces

Immediately on his Restoration, King Charles II struggled to fund the new standing army, a concept invented by Oliver Cromwell during the Civil War and the following Commonwealth. The problem was solved by Fox, who was deemed "one of the financial wizards of his age", and from 1654 to 1660 had managed the finances of the exiled king with great success.[6]

The king established a new office of Paymaster of the Forces, of which Fox was the first occupant, with premises in a wing of Horseguards in Whitehall. His success in restoring the financial position of the army stemmed from his ability to raise credit in the City of London, largely thanks to his reputation for honesty and reliability, which would later be repaid to him by the Treasury, when Parliament so voted. The yield from bills passed to this effect were often below that forecast, which in the absence of loans would leave the troops unpaid. Fox, however, was personally liable for the loans he raised, and to compensate him for the great risks he undertook, he was allowed to retain certain profits on his repayment by the Treasury. He charged the Treasury 6% on the funds he had borrowed, but much of that he repaid to his own creditors.[7]

He was allowed other perquisites, including 2% bonus on capital and interest repaid to him by the Treasury, and "poundage" from 1667 which allowed him to retain 4 pence, and from 1668 one shilling, in every pound of army pay, ostensibly to cover administration costs, but in reality mostly profit. This therefore amounted to one twentieth of all army pay, an annual income for Fox of about £7,000, added to his official salary of £400 per annum, and whatever he could save from borrowing at rates below 6%. In just 20 months from January 1665 to September 1666 he advanced a total of £221,000 for army pay, on repayment of which he received interest from the Treasury of almost £13,000. In addition he received a further 2% bonus, worth another £3,000 and also poundage.[8] This office he held for 15 years between 1661 and 1676, and for another year in 1679–1680.

Political career

In November 1661 he became a Member of Parliament for Salisbury. In 1665 he was knighted; was returned as a Member of Parliament for Westminster on 27 February 1679, and succeeded the Earl of Rochester as a Commissioner of the Treasury, filling that office for twenty-three years and during three reigns. In 1672 he bought the manor of Redlynch in Somerset, where he built a new house in 1708–1709.

In 1680 he resigned the paymastership and was made First Commissioner of Horse. In 1684 he became sole Commissioner of Horse. He was offered a peerage by King James II, on condition of converting to Roman Catholicism, but refused, in spite of which he was allowed to retain his commissionerships. In 1685 he was again an MP for Salisbury, and opposed the bill for a standing army supported by the king. During the Glorious Revolution, he maintained an attitude of decent reserve, but on James's flight, he submitted to the new King William III, who confirmed him in his offices. He was again elected for Westminster in 1691 and 1695, for Cricklade in 1698, and finally in 1713 once more for Salisbury.

It is his distinction to have founded Royal Hospital Chelsea, to which he contributed £13,000. As a statesman he was second-rate, but as a public servant he creditably discharged all the duties with which he was entrusted. Unlike some other statesmen of his day, he grew rich in the service of the nation without being suspected of corruption or forfeiting the esteem of his contemporaries.

Marriages and children

Fox married twice:

Residences and estates

Fox had the following residences and estates:

After Fox's death in 1716 it was sold to the Countess of Northampton, the mother-in-law of Fox's daughter Jane.[16] It was later re-named Moreton Hall after a later 18th-century owner.[16]

Other building works

Fox constructed further buildings including:

Deo Opt(imo) Max(imo) bonarum omnium largitori isthoc quantulumcumque grati animi monumentum acceptum refert scholae huius et ptochotrophii fundator humilis gratabundus Anno Salutis reparatae MDCLXXXI quid tibi divitiae prosunt quas congeris hospes solas quas dederis semper habebis opes.

("To God, most good, most great, liberal giver of all (things) good, of a thankful soul the humble and fully-grateful founder gives back what is received this how unimportant monument of this school and place for maintaining the poor restored in the Year of Salvation 1681. For what are riches useful to you, you will bring together a guest/stranger, what thou hast given alone shall be eternal riches unto thee" (last sentence from Epigrams of Martial, XLII (solas quas dederis semper habebis opes))

Death and burial

Fox died on 28 October 1716, aged 89, at his house in Chiswick. He was buried in the Church he rebuilt at Farley, where survives his mural monument. He left assets with an estimated value of over £174,000.[3] (equivalent to over £ in).

Sources

Further reading

Notes and References

  1. Ferris
  2. Debrett's Genealogical Peerage of Great Britain and Ireland, 1847, p.422
  3. Hayton
  4. Web site: Fox family of Farley. Westminster Abbey.
  5. buried in the cloister of Westminster Abbey on 21 April 1682
  6. Book: Childs, John. John Childs (historian). Army of Charles II. Abingdon. 2007. 1976. 49. 9781134528592.
  7. [John Childs (historian)|John Childs]
  8. [John Childs (historian)|John Childs]
  9. As stated on his monument in Farley Church
  10. Book: K., H. . Monumenta Westmonasteriensia, or, An historical account of the original, increase, and present state of St. Peter's, or the Abby Church of Westminster with all the epitaphs, inscriptions, coats of arms, and atchievements of honor belonging to the tombs and grave-stones : together with the monuments themselves faithfully described and set forth : with the addition of three whole sheets. Henry Keepe. Early English Books. 24 July 1683 .
  11. Monumenta Westmonasteriensia
  12. See image
  13. Debrett's Genealogical Peerage of Great Britain and Ireland, 1847, re Earl of Ilchester
  14. Debrett's Genealogical Peerage of Great Britain and Ireland, 1847, re Earl of Ilchester, gives date of birth a 1705 & twin of Henry Fox
  15. Web site: Cuell, Geoff, A Brief History of Plaitford and Melchet Park.
  16. Web site: Grand Houses | Brentford & Chiswick Local History Society. brentfordandchiswicklhs.org.uk.
  17. Web site: Moreton Hall: Chiswick's Lost Mansion | Brentford & Chiswick Local History Society. brentfordandchiswicklhs.org.uk.
  18. Web site: History - Chiswick House Kitchen Garden. www.kitchengarden.org.uk.
  19. Book: Defoe, Daniel. Daniel Defoe. A tour thro' the whole island of Great Britain, 1724–27. 13 March 1962. Everyman's Library.
  20. Web site: Defoe. Daniel. Daniel Defoe. A tour thro' the whole island of Great Britain. 13 March 1778. 1, 1724–27.
  21. Defoe. Daniel. Daniel Defoe. A tour thro' the whole island of Great Britain. A tour thro' the whole island of Great Britain. The Geographical Journal. 1928. 1, 1724–27. 3. 287. 10.2307/1782488. 1782488. 1928GeogJ..71..287W.
  22. Web site: Charity overview – Farley Hospital. The Charity Commission. 2 November 2019.
  23. Web site: 'Chiswick: Manors', in A History of the County of Middlesex: Volume 7, Acton, Chiswick, Ealing and Brentford, West Twyford, Willesden, ed.. Diane K Bolton, Patricia E C Croot and M A Hicks. British History Online.
  24. Book: Draper. Warwick. Chiswick. 1990. Hounslow Leisure Services. 1899144102. 155. Map of Chiswick.
  25. Web site: Manor Alley. Brentford & Chiswick Local History Society. 27 February 2020.