When Richard Horton was born in November 1706, in Ripponden, Yorkshire, England, his father, William Horton, was 55 and his mother, Mary Musgrave, was 28. He died on 8 June 1742, at the age of 35, and was buried in Elland, West Yorkshire, England, United Kingdom.
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The South Sea Bubble Bill was passed by the House of Lords in 1720. This allowed the South Sea company to monopolize trade with South America. The company underwrote the English National Debt which promised 5% interest from the government. As shares rose exponentially, many companies were created and many fortunes were made. The stocks crashed and many people lost their money which caused them to become destitute overnight and suicide was common. Robert Walpole took charge of the South Sea Bubble Financial Crisis by dividing the national debt between the Bank of England, the Treasury, and the Sinking Fund.
English (Staffordshire and Warwickshire): habitational name from one or other of the many places so called, such as those in Berkshire, Buckinghamshire, Dorset, Gloucestershire, Herefordshire, Northamptonshire, Shropshire, Somerset, Staffordshire, Wiltshire, and Yorkshire. Most of the placenames derive from Old English horh or horu ‘dirt, filth’ + tūn ‘farmstead, estate’, though some may have different origins, including Horton in Gloucestershire, which may derive from Old English heorot ‘hart, stag’ + tūn.
Dictionary of American Family Names © Patrick Hanks 2003, 2006.
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