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1 Pound John Maberly & Company
| Issuer | John Maberly & Company (Exchange and Deposit Banks) |
|---|---|
| Year | 1825 |
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| Value | Log in to see details |
| Currency | Pound sterling (1707-1970) |
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| Obverse description | Printed in black ink on plain paper, the note is set in an elaborate copperplate script throughout. A central vignette at the top displays the circular seal of the Exchange & Deposit Banks, enclosing an engraved architectural and landscape scene with a church or monument amid trees. Flanking the left margin is a tall decorative floral and thistle garland vignette, and the denomination ONE appears in a ruled panel at the upper right. The promise-to-pay text, issuing locations, date, and manuscript signatures of the Accountant and Agent are inscribed in the lower portion. |
|---|---|
| Obverse lettering | Aberdeen, Montrose, Dundee, Edinburgh & Glasgow. EXCHANGE & DEPOSIT BANKS We Promise to pay the Bearer on Demand ONE POUND Sterling at Messrs Masterman & Co. Bankers London Glasgow 1 day of Jany 1825 For John Maberly and Company L One ACCOUNTANT AGENT |
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| Comments |
John Maberly & Company operated as part of the short-lived wave of English country and exchange banks that proliferated in the early 1820s following the relaxation of restrictions on joint-stock banking outside London. The firm collapsed in 1826 — the same financial panic that wiped out dozens of similar institutions and prompted the Bank of England to begin issuing notes in smaller denominations for the first time since the Restriction Period.
Perkins, Bacon & Petch were already known for their steel-engraved anti-forgery work on American bank notes before establishing in London. Their involvement here reflects the premium some smaller issuers placed on security printing at a time when forgery prosecution was still the primary deterrent.
The 1826 panic effectively ended this note's issuing authority before the year was out.