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The Templehouse Archive contains an extended correspondence dealing with the financial affairs, business dealings and family relations of Joseph Alfred Hardcastle MP (1815-1899).(1) After marrying a brewery heiress, Frances Lambirth in 1840, Hardcastle lived lavishly over the next twenty-five years. He consistently overspent his income on a political career and social pleasures, drawing large sums from the brewery of which he was the tenant. Formally, he was only acting as a trustee on behalf of his children, to whom their great-grandfather, Henry Lambirth, had entailed most of his fortune. Other sizeable sums which Hardcastle inherited or borrowed vanished.
(01) Templehouse Archive, Ballymote, County Mayo, P11.
In June 1865 Frances Hardcastle died, leaving her husband a widower but with the consolation of £40,000 insured on Frances's life. In pursuit of the enhanced social status that an estate would give him, and encouraged by his only son Henry, in the same year Joseph Alfred Hardcastle bought a large country house near Bury St Edmunds. To buy Nether Hall, he took out a mortgage for £24,600 for most of the purchase price of £38,000. The small estate of which the house was the centre produced an income only sufficient to pay the mortgage premiums, but not for the house's upkeep, let alone its enhancement.
Joseph Alfred Hardcastle nevertheless considered himself a wealthy man, assuring the Sir John Herschel, the astronomer and polymath (at the time of the marriage of his only son, Henry Hardcastle, to Maria Herschel in 1865) that he was likely to leave Henry £80,000 or more. He also volunteered to pay £500 a year into Henry and Maria's marriage settlement, as well as a bond for £10,000 payable into it on his own death.
The ownership and management of the brewery came under scrutiny in late 1868. Joseph Alfred Hardcastle's second daughter, Winifred, inherited a fifth share in the brewery on coming of age on 18 November. She had to decide whether to sell or to keep her share. After much soul-searching, recorded in her diary, she decided to sell.(02) With a fortune of £20,000 as an enticement, complementing her undoubted intelligence but plain looks, she flirted energetically at the Bury Ball on 8 October 1868 with Edward O'Malley, a young lawyer with East Anglian connections (who lived at 7 Lowndes Street in Knightsbridge, very close to Henry Hardcastle's house at 4 Chesham Street). After reaching an understanding, the couple were married on 17 June 1869.
(02) Her diary for these years is in the National Library of Ireland, 21694/1.
In 1868 Joseph Alfred Hardcastle himself decided to remarry but, despite his appearance of affluence, and the assurances on his income and property he gave to his prospective bride, Mary Scarlett Campbell, he had by this point effectively nothing to live on. He therefore threw himself, without prior notice, on the mercy of his son Henry, asking the latter to provide him with an income in return for handing over the management of the brewery to a partnership of Henry and Thomas Usborne, the husband of Henry's eldest sister Alice. To avoid the scandal of a broken engagement, and in the hope of drawing a substantial income from the brewery, Henry agreed.
Alice Hardcastle
(03) Sidney L. Smith to Frances Mary Smith, 13 November 1871, Smith family letters at 102 Gloucester Avenue, London NW1 8HX. See below, no. 42
The letters as a whole give a far fuller account of these family and financial issues than Henry Hardcastle's summary by itself. While it is difficult not to have some sympathy with Henry and his wife, he comes over as both querulous and indecisive. He was a reluctant brewer, whose dream of owning a country estate was snatched away from him. He did not have the business acumen and drive of his brother-in-law, Thomas Usborne, who became the manager of the Writtle brewery, as well as a partner in the business, and ended up owning all of it. Thomas Usborne then used this as a stepping stone to building up a fortune of £500,000 in brewing and banking.
Left to right : Margery, Winifred, Eva, Owen, Edward and Meyler O'Malley