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1 Pound City of Glasgow Bank

Uitgever City of Glasgow Bank
Jaar 1871-1876
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot 1878
Referentie(s) Log in om details te zien
Beschrijving voorzijde The upper portion of the note is dominated by a seated female allegorical figure, flanked at left by the Scottish royal arms and at right by the arms of the City of Glasgow; the royal arms are repeated at the foot of the design. The central letterpress panel carries the promise-to-pay text within a frame of fine guilloche ornamental borders.
Opschrift voorzijde Log in om details te zien
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde LET GLASGOW FLOURISH BY THE PREACHING OF THE WORD CGB
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

The City of Glasgow Bank collapsed in October 1878 in one of the most catastrophic bank failures in British history. The directors had been falsifying balance sheets for years, concealing losses from speculative lending. When the fraud was exposed, the bank's unlimited liability structure meant shareholders — many of them small tradespeople and professionals — were personally ruined. Over 1,200 of them were made bankrupt. The disaster directly accelerated the push for limited liability as standard in Scottish banking.

Notes from the 1871–1876 period predate the collapse by several years but were issued under the same fraudulent management. Gilmour & Dean were the bank's regular Glasgow printers throughout this period.

MISSCHIEN OOK INTERESSANT