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5 Pounds Darlington Bank
| Issuer | Jonathan Backhouse & Company (Darlington Bank) |
|---|---|
| Year | 1866-1895 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | № GB675 Darlington Bank. £5. Promise to pay the Bearer on Demand FIVE POUNDS, Value rec'd № GB675 DARLINGTON 17th of the 3rd Mo 1882 For Jonathan Backhouse & Company Entd Five Pounds. |
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| Reverse lettering | FIVE J. BACKHOUSE & Co. |
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| Comments |
Jonathan Backhouse & Company was a Quaker banking dynasty that had operated in Darlington since 1774, with deep ties to the financing of the Stockton and Darlington Railway — the world's first public steam railway, which opened in 1825 and was backed substantially by Backhouse capital. By the time this note was issued, the firm was one of the last significant private banks still operating independently in the north of England.
Carpenter of London was a specialist provincial bank-note printer, largely supplanted by later consolidation in the trade. The extended issue window of nearly three decades reflects the longevity of private note-issuing rights that persisted in England well after the Bank Charter Act of 1844 effectively killed new entrants. Backhouse was eventually absorbed into Barclays in 1896.