Edward Cecil Guinness, 1st Earl of Iveagh, KP, GCVO, FRS (10 November 1847 – 7 October 1927) was an Anglo-Irish businessman and philanthropist. A member of the prominent Guinness family, he was the head of the family's eponymous brewing business, making him the richest man in Ireland. A prominent philanthropist, he is best remembered for his provision of affordable housing in London and Dublin through charitable trusts.
"Guinness Trust". Caricature by Spy published in Vanity Fair in 1891
Lord Iveagh was managing director of the Guinness partnership and company, from his father's death in 1868 until 1889, running the largest brewery in the world - it spanned 64 acres (26 ha). He later became chairman of the board for life.
By the age of 29 he had taken over sole ownership of the Dublin brewery after buying out the half-share of his older brother Lord Ardilaun for £600,000 in 1876. Over the next 10 years, Guinness brought unprecedented success to St James's Gate, multiplying the value of his brewery enormously. By 1879 he was brewing 565,000 hogsheads of stout.[3] Seven years later, in 1886, he was selling 635,000 hogsheads in Ireland, 212,000 in Britain, and 60,000 elsewhere, a total of 907,000 hogsheads.[4]
He then became the richest man in Ireland after floating two-thirds of the company in 1886 on the London Stock Exchange for £6 million before retiring a multi-millionaire at the age of 40. He remained chairman of the new public company Guinness, and was its largest shareholder, retaining about 35% of the stock. The amount can be compared to the 1886 GDP of the UK, which was £116 million.[5] By 1914 the brewery's output had doubled again from the 1886 level, to 1,877,000 hogsheads.[6]
In 1902 he commissioned the Guinness Storehouse, that is today one of Ireland's main tourist attractions.
Like his father and brother, Lord Iveagh was a generous philanthropist and contributed almost £1 million to slum clearance and housing projects, among other causes. In London this was the 'Guinness Trust', founded in 1890, that at present manages "over 66,000 homes".[7] Most of his aesthetic and philanthropic legacy to Dublin is still intact. The Dublin branch of the Guinness Trust became the Iveagh Trust in 1903, by a private Act of Parliament, which funded the largest area of urban renewal in Edwardian Dublin, and still provides over 10% of the social housing in central Dublin.[8] In 1908 he gave the large back garden of his house at 80 Stephens Green in central Dublin, known as the "Iveagh Gardens", to the new University College Dublin, which is now a public park. Previously he had bought and cleared some slums on the north side of St Patrick's Cathedral and in 1901 he created the public gardens known as "St. Patrick's Park". In nearby Francis Street he built the Iveagh Market to enable street traders to sell produce out of the rain.[9]
Iveagh was portrayed as "Guinness Trust" in a "Spy" cartoon in July 1891.
Medical and scientific research
Iveagh also donated £250,000 to the Lister Institute in 1898, the first medical research charity in the United Kingdom (to be modelled on the Pasteur Institute, studying infectious diseases). In 1908, he co-funded the Radium Institute in London.[10] He also sponsored new physics and botany buildings in Trinity College Dublin in 1903, and part-funded the students' residence at Trinity Hall, Dartry, in 1908.[11]
Interested in fine art all his life, from the 1870s Guinness amassed a distinguished collection of Old Master paintings, antique furniture and historic textiles. In the late 1880s he was a client of Joe Duveen buying screens and furniture; Duveen realised that he was spending much more on fine art at Agnews, and refocused his own business on art sales. He later recalled Guinness as a: "stocky gentleman with a marked Irish brogue".[13]
While he was furnishing his London home at Hyde Park Corner, after he had retired, he began building his art collection in earnest. Much of his collection of paintings was donated to the nation after his death in 1927 and is housed at the Iveagh Bequest at Kenwood, Hampstead, north London. While this lays claim to much of his collection of paintings, it is Farmleigh that best displays his taste in architecture as well as his tastes in antique furniture and textiles.[citation needed]
Iveagh was also a patron of then-current artists such as the British portraitist Henry Keyworth Raine[14]
Political life
Iveagh's father had sat as a Conservative MP for Dublin in the 1860s, as did his brother Arthur in the 1870s. Iveagh limited his involvement to acting as High Sheriff of County Dublin in 1885, mindful of the growing movement towards Irish Home Rule in the 1880s and the growth of the electorate under the 1884 Act. He did however stand as a Conservative for the seat of Dublin St Stephen's Green in the 1885 general election, losing to the Irish Parliamentary Party candidate.[15]
Given his wealth he preferred to effect social improvements himself, and preferred a seat in the House of Lords, which he achieved in 1891. He supported the Irish Unionist Alliance. In 1913 he refused to lock out his workforce during the Dublin Lockout. In 1917–18, he took part in the ill-fated Irish Convention that attempted find a moderate solution to the Irish nationalists' demands. Though opposed to Sinn Féin, he had a personal friendship with W. T. Cosgrave who emerged as the first leader of the Irish Free State in 1922.[16]
Like many others in the Irish business world, he had feared that Irish Home Rule would result in new taxes or customs duties between Dublin and Britain, his largest market. The existing free trade within the United Kingdom of Great Britain and Ireland would likely turn protectionist, causing a loss of sales, employment and profits. In the event, the new Free State increased the tax on sales within Ireland, but not on exports.
Sporting interests
On land, Iveagh's favourite hobby was to drive a coach-and-four (horses), a very physical activity, occasionally driving from Dublin to the Punchestown Racecourse about 20 miles away, and back. He also was a keen yachtsman, and in 1897 he won a race between England and Kiel that was sponsored by Kaiser Wilhelm. A member of several clubs including the Royal St. George Yacht Club, his main boat was the 204-ton schooner "Cetonia" which he bought in 1880, making frequent appearances at Cowes Week until 1914.[17]
Record estate
After his death in 1927 at Grosvenor Place, London, Iveagh was buried at Elveden, Suffolk. His estate was assessed for probate at £13,486,146 16s. 2d. (roughly equivalent to £1,016,797,647 in 2023).[18][19] This remained a British record until the death of Sir John Ellerman in 1933. Although probate was sought in Britain, a part of the death duties was paid to the new Irish Free State. His will bequeathed Kenwood House in Hampstead to the nation as a museum for his art collection, known as the "Iveagh Bequest".[20]
In 1939 Iveagh's sons gave his Dublin home at 80 St. Stephen's Green to the Irish Free State, and it was renamed Iveagh House.[23] Since then it has been the home of the Department of Foreign Affairs, and "Iveagh House" has become the metonym of the department.
In 1873, Iveagh married his third cousin Adelaide Maria Guinness (1844–1916), nicknamed "Dodo". She was descended from the banking line of the Guinness family, and was the daughter of Richard Guinness, barrister and MP, and his wife Katherine, a daughter of Sir Charles Jenkinson, 10th Baronet.
Adelaide's most famous portrait was painted circa 1885 by George Elgar Hicks.[24]
They had three sons:
1st: A Boar passant quarterly Or and Gules; 2nd: On a Pillar Argent encircled by a Ducal Coronet Or an Eagle preying on a Bird's Leg erased proper
Escutcheon
Quarterly: 1st and 4th, Per saltire Gules and Azure a Lion rampant Or on a Chief Ermine a Dexter Hand couped at the wrist of the first (Guinness); 2nd and 3rd, Argent on a Fess between three Crescents Sable a Trefoil slipped Or (Lee)
Supporters
On either side a Stag Gules collared gemel and attired Or each resting a hind hoof upon an Escutcheon Vert charged with a Lion rampant Or
^See the Dublin Improvement (Bull Alley Area) Act, 1903.
^Casey, Christine (2005). Dublin: The City Within the Grand and Royal Canals and the Circular Road with the Phoenix Park. Yale: Yale University Press. p. 655. ISBN0-300-10923-7.
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