The Zimapanners

 

 

 

 

                                                

 

 
The 1891 Indenture

Conybeare—Luard et al. 

The Great Snowstorm reported in The Times on this day....click the date below...

Background to Conybeare's mortgage
"On 11 March 1891, Charles Augustus Vansittart Conybeare owned Zimapan because at that date he granted a mortgage of the property. In the old days, if you granted—or if you took—a mortgage over a property, it was usual for the property to be conveyed to you by way of mortgage. Normally, you'd borrow money to purchase a property, but this was not the case here, as Conybeare already owned Zimapan, and the deeds do not suggest that he'd bought it at that date".1

In fact, it is now known that Charles Conybeare bought Zimapan on 20 December 1889 from practicing solicitor Edward Carleton Holmes [Yngr], who that very same day had purchased Zimapan himself from Sir William Robert Williams, 3rd Baronet of Tregullow.

Big estate also charged
In 1891, the mortgage that Charles Conybeare granted was not only over Zimapan. "Zimapan was only part of the land which was charged. Zimapan alone was not worth anywhere near the amount of money Conybeare borrowed". Consequently, Ian Nelson concludes:"There must have been an awful lot of other land involved, a big estate, to have enabled Conybeare to raise £3,000".2 This is supported by the words "inter alia" in the conveyance which mean that other properties, not just Zimapan, were conveyed to the mortgagees on that day.

Part

  
Contractual
status
Name
Occupation
1st Part 
Owner/mortgagor
 Charles Augustus Vansittart
 Conybeare
Barrister & MP
  2nd Part Mortgagees (investors)
 Bixby Garnham Luard
 Jacob Luard Pattisson
 James Jollie Pattisson
 William Henry Luard Pattisson
Vicar
Civil servant
Teacher
Brewer
 Consideration
 £3,000

Loan was investment
The four mortgagees lent Charles Conybeare a total of £3,000 in exchange for "conveying to them, their heirs and assigns forever by way of mortgage for securing repayment of £3,000 and interest", several properties including the 'Tregullow Offices' (aka Zimapan). For the mortgagees, the loan was simply a "straight investment".3 Moreover, the four investors would all earn interest on the outstanding loan. They were simply moneylenders who had acted "just like the Halifax Building Society" does today.4

£3,000 is equivalent to £175,425 in today's (2009) money.

Fourth mortgagee discovered
Up till September 2009, this research had been based on an incomplete version of the 1902 Conveyance. Following a recent inspection of the complete wording of the original 1902 Conveyance, a fourth investor has been discovered5: William Henry Luard Pattisson. Unfortunately, he was to die in 1895 before Zimapan was placed in trust (1896) and sold by the Conybeares (1902).

Tonbridge School connection
James Jollie Pattisson, the youngest of the four investors in Conybeare's mortgage scheme, had attended Tonbridge School, a famous English public school in Kent, at the same time as the Conybeare brothers, Charles, Henry G.M. and William J.S. were at the School. Two of James's elder brothers, Jacob Luard Pattisson and William H. L. Pattisson, also loaned part of the money to Charles Conybeare. And one of Bixby Garnham Luard's sons, Frank William Luard, was educated at Tonbridge School at the same time as the three Conybeare brothers.6

See Tonbridge timeline (out of date).

Luard and Pattisson families
Bixby Garnham Luard and William H. Luard Pattisson were both born in Witham, Essex, in 1835 and 1837, respectively. Bixby Luard had officiated at William H.L. Pattisson's marriage to Emily Celestine Hill in 18747, while the Vicar of Aveley. This, combined with the Tonbridge School connection, suggests that the Pattisson and Luard families not only had strong ties with one another, but that their families were in some way related, especially given that three of the ten Pattisson brothers (William, Jacob and Frederick) all shared the same middle name of Luard.

Bixby was Pattisson boys's uncle
Research has revealed that Bixby Garnham Luard and Charlotte Garnham Luard both had the same father8: William Wright LuardFT. Charlotte Garnham Luard, one of Bixby's three sisters, married Jacob Howell Pattisson and between them they raised 5 daughters and 10 sons. Three of Charlotte's sons were William, Jacob and James Pattisson—all Zimapanners. Bixby Garnham Luard was therefore their uncle.


Footnotes
1. Ian K. Nelson, conveyancing solicitor at Nelson Nichols, Portsmouth, telecon 5 Apr 2009.
2. Same as f/n 1.
3. Same as f/n 1.
4. Same as f/n 1.
5. The 1902 Conveyance (original), Sep 2009.
6. Register of Tonbridge School, 1886.
7. Ancestry.com.
8. Cambridge University Alumni, 1261-1900, Bixby Garnham Luard & Jacob Howell Pattisson.