New online service – You can now open new savings accounts and view your branch account and mortgage via our online service.

Forty Shilling Freeholders

Written by Ipswich Building Society

25 Mar 2018

Tags

Archive, Heritage, History, Ipswich

2 min read

The National Freehold Land Society movement was founded by James Taylor in Birmingham in 1847, with the principal aim of enabling the common man to buy land to enable him to vote. The voting criteria was such that it only permitted men who owned a freehold property with a minimum value of forty shillings.

Taylor travelled hundreds of miles to explain to others the political potential of land societies. Within months, word spread across the county with societies formed in Coventry, Wolverhampton, Dudley and Stourbridge. In 1849 Taylor travelled to Ipswich. Following his visit our ancestors, the Ipswich and Suffolk Freehold Land Society, was formed in October – there were some 21 other societies set up in the same year.

Just before the end of the year, on Saturday 1 December 1849, a notice was placed in the Suffolk Chronicle advertising the Ipswich’s first public meeting to be held at the Temperance Hall which stood at the junction of High Street and Crown Street until it was demolished in 1964.

This notice explained that the Society was to “improve the social position and promote the moral elevation of the unenfranchised population of this country”.

Anyone who was interested would be able to invest their savings in the Society, and the money used to buy areas of freehold land which was then divided into plots of sufficient size to confer its owner the right to vote and offered at cost price.

Today we remember the founder of the national Freehold Land Society movement, James Taylor, with a commemorative medal that we still have in our possession.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – find out more.

Found this useful? Why not share

Keep informed and get involved.

Keep Informed

Sign up to our newsletter.

Our blog contains the latest goings-on and updates across the Society and you can follow us on Facebook, Twitter, LinkedIn or Instagram. Exclusively for our members we offer a monthly email round-up of must have stories and latest news, so sign up today.










    KEEP UP TO DATE

    Latest news and information

    Our blog contains the latest goings-on and updates across the Society and for members we offer a monthly roundup of must-have stories and latest news in our Freehold Post email newsletter.

    For announcements, alerts or tips follow us on Facebook, Twitter, LinkedIn or Instagram – we’re (almost) everywhere!

    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge