Described by Clarendon (Edward Hyde†) as ‘a man of great abilities and unblemished integrity’, Bankes came from relatively humble stock. His father, a Cumberland merchant, was wealthy enough to provide him with a thorough education, but Bankes was doubtless expected to make his own fortune. He left university without a degree, but at Gray’s Inn, ‘applying himself most severely to the study of the Common Law, [he] became a barrister and a counsellor of note’, according to Anthony Wood.
Bankes first entered the Commons in 1624 as Member for Wootton Bassett. His patron has not been identified, but he presumably relied on one of his clients. He launched his parliamentary career confidently, making seven speeches and attracting 32 committee nominations. Appropriately, in his maiden speech on 23 Feb., during a debate on the bill concerning probate of suggestions, he proposed an amendment to benefit residents of the four northernmost counties.
Bankes quickly emerged as an expert on economic matters. On 3 Mar. he was named to the drafting committee for a bill on the assize of bread. His status as a Wiltshire Member perhaps explains why William Mallory proposed on 17 Mar. that Bankes be required ‘instantly’ to ‘draw a bill to prevent the abuses of the clerk of the market’, as that county was one of the worst affected areas. Bankes brought the measure into the House on 12 Apr., and was appointed to its committee two days later. However, while discussions continued as late as 20 May, the bill was never reported. Perhaps in consequence of these activities, he was appointed on 10 Apr. to help draft the subsidy bill’s preamble.
Bankes was appointed on 7 Apr. to a conference with the Lords on the bill against monopolies, presumably because of his specialist knowledge of patents relating to the cloth trade. He was the first Member named on 3 Apr. to the committee to examine the Merchant Adventurers’ charters, while six days later he was added to the committee for the bill to restore free trade to the merchants of the Staple. On 10 May he attacked the Merchant Adventurers’ privileges, arguing both that their charters were illegal and that their monopoly over cloth exports was a grievance. Calling for more parliamentary regulation, he asserted that ‘trade ... should not be left to be governed by a few private men who seek but their profit’.
Bankes did not sit in the first Caroline Parliament, but was elected in 1626 to represent Morpeth, on the nomination of his long-standing patron, Lord William Howard. He had some prior knowledge of the borough, having been consulted four years earlier about Howard’s seigneurial rights there.
Bankes was nominated on 25 May to help prepare the Commons’ grievances for presentation to the king, a telling appointment in the charged atmosphere of this Parliament. Compared with his performance in 1624, he was now taking a more assertive view of the Commons’ rights and powers. On 21 Mar. he insisted that the House enjoyed its privileges by long custom, rather than by royal permission. Following John More’s inflammatory remarks about tyranny, Bankes argued on 3 June that the Commons must punish him themselves, for their liberties would be infringed if they waited until the king intervened.
Even so, Bankes took a constructive approach towards the current military crisis. Named to two committees to help devise naval reforms (22 Mar. and 15 Apr.), he argued that the root problem was the misapplication of resources, rather than corruption on the part of the lord admiral, the duke of Buckingham (24 March).
During the next 18 months, Bankes’s career developed apace. In August 1626 he was noted as counsel to another peer, the Irish baron of Kerry and Lixnaw. In the following year he was chosen as reader at Staple Inn, and promoted to the rank of ancient at Gray’s Inn.
Bankes’s principal strength was his forensic grasp of legal complexities. Thus he argued with conviction on 25 Apr. that London’s common council had exceeded its powers by imprisoning a citizen who refused to contribute towards a communal loan to the Crown. Similarly, he pinpointed specific grounds on which patents for the office of royal exchanger and a clerkship in the Council in the North were illegal (30 May and 23 June). He objected strongly to the growing use of royal Proclamations because they blurred the normal processes of law (11 June).
Such caution and cavilling ensured that Bankes remained a minor player in the campaign to secure the subjects’ liberties. On 16 Apr. he was appointed to assist the main speakers at the forthcoming conference with the Lords about these issues. The next day he was named to help check the accuracy of the precedents deployed by John Selden during that conference. He was also nominated on 13 June to draft the writs for the enrolling of the Petition of Right in the Westminster courts. Nevertheless, on the same day he demonstrated his doubts about the petition strategy, introducing a new bill to strengthen subjects’ rights by confirming Magna Carta. It is unclear how far this measure differed from the similar bill that the House had already abandoned in the face of royal hostility, but it failed to progress beyond its first reading.
By comparison, Bankes’s command of financial issues continued to earn him the respect of his fellow Members. On 8 Apr. he chaired the committee of the whole House which debated the bill to grant Tunnage and Poundage to Charles I. The next day, he reported the text of a Remonstrance against the king’s decision to collect these customs revenues without first securing parliamentary approval. However, this issue was not an immediate priority for most Members, and when Bankes requested further discussion of the Remonstrance on 11 Apr. it was referred to the grand committee on trade.
Perhaps chastened by this signal of royal displeasure, Bankes played little part in the 1629 session. He was appointed on 23 Jan. to consider the bill against procuring judicial offices by bribery, and on 29 Jan. to help draft a bill on church benefices. On 5 Feb. he was granted leave to act as counsel in the Lords on behalf of Algemon, Lord Percy*.
As it turned out, Bankes’s occasional criticisms of Crown policy had not damaged his chances of promotion. Around the end of 1629 he helped Sir Robert Heath assess an official report into the Ulster plantation, while in July 1630 he was appointed attorney-general to the infant Prince Charles.
Within government circles Bankes was seen as a protégé of lord treasurer Portland (Sir Richard Weston*), and consequently the latter’s rival, Archbishop Laud, lobbied hard to block his selection as the Crown’s chief law officer.
