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1 Pound City of Glasgow Bank

发行方 City of Glasgow Bank
年份 1871-1876
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材质 登录 以查看详情
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印刷机构 登录 以查看详情
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流通至 1878
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正面描述 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.
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背面描述 登录 以查看详情
背面铭文 LET GLASGOW FLOURISH BY THE PREACHING OF THE WORD CGB
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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.

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