Wednesday, 16 November 2016
1385 Horace Farquhar
Constituency : Marylebone West 1895-1898 ( Liberal Unionist )
Horace won Marylebone West for the Liberal Unionists after the Liberals substantially reduced the Conservative majority in 1892. Horace was the only Liberal of any sort to hold the seat.
Horace was the fifth son of a baronet. His family were not particularly wealthy so he started out as a junior civil servant. He rose to become a manager for the firm, Forbes, Forbes & Co who were involved in the Indian trade. He left them to become a shareholder and partner in the private bank of Sir Samuel Scott. He also became a director in the British South Africa Company despite a huge conflict of interest as a shareholder in the Exploration Company looking for mining rights in lands controlled by the BASC. He had to resign after the Jameson Raid. He oversaw the merger of Scott's with Parr's whose board he joined. He married the widow of one of the Scott family which brought him a fortune. In 1889 he was elected to the London County Council as a "Moderate" ( i.e. one of the Unionist parties ). In 1892 he was created a baronet in his own right. He became president of the London Municipal Society in 1894.
Horace was a major contributor to party funds and argued his way to being elevated to the peerage as Baron Farquhar in 1898. His stepson won the by-election unopposed as a Conservative.
Horace had been a long time friend of the Prince of Wales so he was immediately appointed Master of the Household when he became Edward VII. He became a lord in waiting in 1907 , retaining the post when George V came to the throne. He was made Lord Steward of the Household in 1915. In 1917 he was upgraded to a viscount.
Horace was appointed treasurer of the Conservative and Unionist party on its creation in 1912 . He was sacked by Bonar Law after handing over money to Lloyd George which he said had been donated to the coalition rather than the party. Coincidentally he was upgraded to an earl in 1922.
He died in 1923 aged 79. He was found to be bankrupt on his death.
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