Samuel Montagu, 1st Baron Swaythling

British banker (1832–1911)

Samuel Montagu, 1st Baron Swaythling (21 December 1832 – 12 January 1911), was a British banker who founded the bank of Samuel Montagu & Co. He was a philanthropist and Liberal politician who sat in the House of Commons from 1885 to 1900, and was later raised to the peerage. Montagu was a pious Orthodox Jew, and devoted himself to social services and advancing Jewish institutions.

Montagu was born in Liverpool as Montagu Samuel, the second son of Louis Samuel (1794–1859), a watchmaker of Liverpool, and his wife, Henrietta Israel, daughter of Israel Israel of Bury Street, St. Mary Axe, London. He was educated at the High School of Liverpool Mechanics' Institute as Samuel Montagu. In 1853 he founded the bank of Samuel Montagu & Co. At first the company concentrated on the exchange of coins and the collection of foreign coupons. Later the firm also dealt in foreign bills of exchange.

Montagu's commitment to Jewish causes included both initiatives aimed at improving the lot of Jews in England, and his participation in the proto Zionist "Lovers of Zion" movement. He was involved in founding new synagogues, and in establishing the Federation of Synagogues in 1887, which was an umbrella body for the small Orthodox congregations in the East End of London. By 1911, the Federation represented 51 London congregations (6,000 male members), which made it the largest synagogal body in UK (larger, by around 1,000 male seat holders, than the United Synagogue). This rapid growth brought Montagu into conflict with Nathan Rothschild, 1st Baron Rothschild, and the United Synagogue. Montagu's funding helped the Federation secure the services of distinguished rabbinical scholars such as Dr Mayer Lerner of Wurzheim in 1890 and the Maggid of Kamenitsk, Chaim Zundel Maccoby.</blockquote>
Historian Geoffrey Alderman has described the Federation as the 'largest single instrument of Anglicization, as well as social control, that Anglo Jewry possessed.'

Montagu was elected at the 1885 general election Liberal Member of Parliament (MP) for Whitechapel, and held the seat until he stood down at the 1900 general election. His campaign in 1885 was run against his brother in law, Lionel Louis Cohen, who was controversially running as a Conservative. As a Yiddish speaker, Montagu was able to appeal to the many immigrants within his constituency on religious grounds, arguing in 1886 that he hoped "not a single Jew would vote Conservative". In September 1888, after the murder of Annie Chapman at the hands of an unknown man later called Jack the Ripper, Montagu tried to offer a reward of £100 for the discovery and conviction of the criminal. The Home Office did not accept the offer because that practice had been discontinued. Montagu offered it because the Whitechapel murders resulted in some anti semitic incidents against the East End population. In 1893, on behalf of the English "Lovers of Zion", Montagu presented a petition in favour of Jewish colonisation in Palestine to the Secretary of State for Foreign Affairs. He asked that the minister forward it to the Turkish Sultan. The petition was evidence that what was to become political Zionism had already taken root in the minds of both Christian researchers of Palestine, and Jewish activists in search for solutions to the so called "Jewish question". Montagu presented land he owned in Jeremys Green Lane, Edmonton—now known as Montagu Road—to the Federation of Synagogues as a burial strip. At that time he was aware of the overcrowding in his constituency, and wanted to encourage Jewish families to move to the suburbs. In 1898, he proposed that land south of Salmons Brook, Edmonton—some in all—be used to construct 700 houses, to house between 3000 and 4000 people. The houses were to have low rents and to include small gardens, with preference given to those currently living in Whitechapel. He first proposed the project to the LCC, and then Edmonton UDC; both prevaricated. In 1899, after the proposals were rejected, Montagu subsequently gave £10,000 (equivalent to £10000.0 in 1899 is equivalent to about <calculated amount> in recent years in ) towards LCC housing on the White Hart Lane estate, Tottenham. Montagu was also strong advocate for decimalisation of the pound.

Towards the end of his life, Montagu lived at South Stoneham House at Swaythling, a suburb of Southampton. In 1907, Montagu was raised to the peerage as Baron Swaythling, of Swaythling in the County of Southampton. Montagu died in January 1911, aged 78.

Montagu married Ellen Cohen, daughter of Louis Cohen, in 1862. His eldest child, Henrietta, was known for improving children's education whilst his daughter Lily helped to establish Liberal Judaism. Montagu is also the great grandfather of the 2016 Nobel Prize winning economist Oliver Hart, the chemist Sir Martyn Poliakoff, and director and playwright Stephen Poliakoff.

Located in Kidbrooke, South London, the Samuel Montagu Youth Centre provides recreational opportunities for young people. Montagu is remembered in Edmonton at: Montagu Road, Montagu Gardens, Montagu Crescent, Montagu Road School (demolished) and Swaythling Close.