Simeon Monument

The Simeon Monument, also known as the Soane Obelisk, the Soane Monument and the Simeon Obelisk, is a stone structure in Market Place, the former site of the market in Reading, Berkshire. It was commissioned by Edward Simeon, a Reading-born merchant who became extremely wealthy as a City of London trader. Simeon's brother, John, was a former Member of Parliament for Reading who had lost his seat in the 1802 elections to the parliament of the newly created United Kingdom of Great Britain and Ireland, since which time the family had been engaged in ostentatious spending locally in an effort to gain support among the town's voters.

Although street lighting had been installed in Reading in 1797, the system used was one of lamps attached to the sides of buildings and as a consequence open spaces remained unlit. In 1804 Simeon persuaded the Mayor of Reading that it would be of benefit to erect a structure in Market Place, which would serve both to carry lamps to light the area and to improve the flow of traffic in the area, and volunteered to pay for such a structure himself.

Simeon commissioned local architect John Soane to design a suitable structure. Soane designed an unusual triangular structure, 25 feet (7.6 m) tall and built of Portland stone. It had no official unveiling or opening ceremony, but the stonework was complete by September 1804. The structure was immediately controversial, denounced within weeks of its opening as "a paltry gew-gaw thing without use, or name", built by Simeon to promote himself rather than for the public benefit. In early 1805, Simeon donated an annuity of 3% interest on £1,000 to pay for the lamps on the obelisk to be lit in perpetuity.