Maberly Phillips.

A history of banks, bankers, & banking in Northumberland, Durham, and North Yorkshire, illustrating the commercial development of the north of England, from 1755 to 1894, with numerous portraits, facsimiles of notes, signatures, documents, &c online

. (page 32 of 57)
Online LibraryMaberly PhillipsA history of banks, bankers, & banking in Northumberland, Durham, and North Yorkshire, illustrating the commercial development of the north of England, from 1755 to 1894, with numerous portraits, facsimiles of notes, signatures, documents, &c → online text (page 32 of 57)
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500


Thomas Young . .


500


Robert Hutton . .


500


William Eden . .


500


George Stephenson


500


George Hassall . .


500


Thos. Robson . .


3,000


John Stamp


500


Lowes and Scaling


1,000


For Jas. Jackson, Esq. i


10,000


Thos. Sanderson )"


John Galley


2,000


Brunton and Raffield .


2,000


Southwick Crown Glas




Co


2,000


Ridley and Naggs


2,000


Thomas Mounsey


2,000


J. and P. Laing


2,000


James Brewis . .


1,500


Ann Taylor


1,500


George Lawson . .


1,500


John Booth


1,500


Robert Cairns . .


1,500


Joseph Lee


1,200


Robert Whinnam


1,500


Taylor and Wilkinson .


1,000


John Taylor


1,000


Thomas Burn . .


1,000


Anthony Scott . .


1,000


John Taylor


1,000


Eleanor Palmer


1,000


John Eggleston..


1,000


John Blenkinsop


800


Thomas Bell . .


500


John Matthews . .


500


Samuel Stephenson


500


John Lawson . .


500


Robert Ord


500


John Heppell . .


500


William Booth . .


500


John Givens


500



John Hunter
William Kirk . .
John Coxon
George LongstafE
William Budlo ..
EUerby and Ranson
Thomas EUerby
Thomas Smith . .
George Todd
Thomas Myers . .
Thomas Reed . .
Christopher Kilvington
Crozier and Co. . .
William Crosier. .
George Raffield . .
John Howlgate . .
Sharp Stothard . .
William Burn . .
Thomas Bonner
Andrew Walker. .
George Howe
Ord and Ewbank
James Lawson, jun.
Anthony Snowball
William Kirsop . .
William Shevill
Jane Brunton . .
Charles Graydon
Joseph Wilkinson
George Gregson . .
John Knaggs
John Ridley, jun.
Robert Embleton
John Lamb and Son
Thomas Scaling
William Cornforth
Ralph Hills
Orton and Beckwith
Owners of Leefield I
Colliery )

C. I. Humble and Co
William Lee
William Ferry • .
Robert Storey . .
Richard Graydon
William Surtees
Jacob Claude
Thos. Matthews
Matthew Barker
Andrew Simpson



£

500
500
500
400
400
300
300
300
200
500
300
500
500
500
50O
500
500
500
500
500
500
500
500
500
500
500
600
600
500
500
500
500
500
500
500
300
300
2,000

4,000

3,000

500

500

1,500

1,000

1,000

5,000

300

1,000

500



£267,600



[276^

The guarantee had the desired effect, and the notes of the bank were freely
accepted. A One Pound Note of the firm is here shown.




The year 1815 was another trying time to the banker, and on June 29th,
Messrs. Goodchild, Jackson, and Co. were again in difficulties. One hundred
gentlemen in the district most generously came forward and were each willing to
become security for the bank to the extent of ^^500. On July ist, 1815, the
proprietors of the Wear Bank, Goodchild, Jackson, & Co., express their thanks
and gratitude for the assistance that had been offered, but regret to state " that
the mode proposed of raising the sum to meet the present demand on them not
having succeeded, they are in consequence under the painful necessity of
suspending payment." Every effort was made to resuscitate the bank, but in the
October following the partners were declared bankrupt.

The partners in the Wear Bank at the time of the failure were : — " John
Goodchild the elder of Low Pallion ; John Jackson and William Jackson both
now or late of Dowgate Wharf in the City of London ; John Goodchild the
younger of High Pallion ; James Jackson now or late of Eppleton in the County
of Durham ; and Thomas Jones the elder now or late of Greencroft, in the
County of Durham." The partners had notice to appear at the house of Thomas
Jowsey, the Bridge Inn, Bishopwearmouth, on the 15th and i6th of January, and
the 3rd of February, and make a full discovery and disclosure of their estate and
effects. The creditors were requested to come and prove their debts and appoint
assignees. In a further announcement, creditors are requested to send in their



l^n']

claims so that they may be examined and adjusted, attendance being given at the
bank each day from 1 1 to i for this purpose.

The only particulars of dividends that I have note of are from the following
announcement made October 21st, 1833 : —

" The trustees will be ready to pay the dividend declared on September 18th, that is to say, 8|d. in the
£ on the debts proved against the Bank Estate — 2MJ in the £ on debts proved against the estate of
John Goodchild the younger, and 3Jd. in the £ against the Estate of James Jackson, and all the
previous dividends declared on New Proofs made on the above day.

JOHN P. KIDSON, Solicitor, Sunderland."

The Goodchilds were an old family in Sunderland.

In 1 85 1 at a ".Halmote Court," held at Sunderland in connection with cop}'hold
property, the clerk made the following proclamation for the heirs of the deceased
trustees, varying the names to suit each case i-^-" O Yes ! O Yes ! O Yes ! The
heirs and next-of-kin of John Goodchild (of Pallion), trustee for John Johnson,
come forth and claim the customary lands and tenements which he held in
Wearmouth, or you will lose your right."

One son of John Goodchild the banker is well remembered. Lawrence
Goodchild the " Blind Scholar " was for thirty years a familiar figure in Newcastle,
the long stick (higher than himself) with which he guided his course, making him
noticeable. He was born at Pallion, December ist, 1813, only two years before
his father's misfortunes. After the failure of the bank the family removed to
Perthshire, where they resided until the death of Mr. Goodchild, when the widow
and children returned to Sunderland. Lawrence was educated at the school of
Dr. Wood of Monkwearmouth. He was an able and diligent scholar, so much so,
that when at the age of twenty, blindness came upon him, he was competent to
act as classical master in the school of Mr. Weyms at Durham. He afterwards wrote
several works — " Hoel, a Cambrian Tale," " Warkworth," " The Rebel's Wooing,"
and many others. " He undertook the sale of his work himself, traversing with it,
mostly on foot, nearly every county in England." He died after a few days' illness,
March 21st, 1881, aged 68.

THOMAS JONES the junior member, entered the partnership in 1806. When
it failed he had drawn out about ^80,000. This bankrupt was under examination
for five days at Sunderland — March 23rd, April 8th, 9th, loth, and 15th, 18 16.
When called upon on the morning of the sixth day, he did not appear, and was
consequently outlawed. The substance of his examination was afterwards published
in pamphlet form, and shows a most lamentable amount of fraud and dishonesty
on the part of Jones, and great laxity and carelessness on the part of his partners.



[J7l}

The bankrupt had not kept any accounts. The following statement will give some
idea of the position of his affairs : —



Db.



THOMAS JONES in Account with the Wear Bank, Sunderland.



Cr.



To Book debts as per Ledger


£1,564 9





By Sundries delivered up at and






,, Sundries embezzled or not






prior to his Examination,






entered as per Vouchers


11,202 9





viz., Smith's Note .


£180





,, Cash Balance, for a great part






,, Rain's Bill


228


10


of which there are Vouchers






,, Croudace's ditto ....


130





fraudulently accounted for .


59,729 7


4


,, Oyston's ditto ....
,, Beckworth's ditto


88
25


6




£72,497 5


4


8


„ Two bills lying unpaid in












London


1,860 12











,, Two ditto on W. Spence and












T. Jones, Jr. (Bkpts.)


802 15











'


£75,160 12


4





Note. — From the small amount of profit in the year before he was a partner,
there is reason to fear a considerable embezzlement, but of the first six years'
Vouchers, only six months are left at the bank. His list of tradesmen's bills paid
within the first five months amounts to ^221 i8s., during which time nothing is
charged to his account, though he admits he had no other resources ; and in his
statement put in the last day, states that about the same time he paid an old debt
and costs amounting to ;^i8o. The bankrupt attempted to explain how he had
lost or disposed of his property. He admitted having drawn from the bank for 14
years, salary* and profit, ^"3,150 6s., for other money drawn from the bank,
;^72,497 5s. 4d., other money received brings the total amount to ^84,220. Some
of the principal items of loss or expenditure are the following : —



' Loss on Pictures




.




£19,318


Wear Bank for Interest








11,477


My Brother James Jones
Loss on Garden








1,300
700


Do. Furniture








8,000


Do, Plate








300


Do. Horses








150


Journeys to London

Law Expenses

Green— Organist

Proceeds of the Furniture at Gr


eencroft


and other Proper


ty


500

500

135

3,000


14 Years and upwards Expenditi
kept a regular Account


ire and o


ther omissions,


not having


34,000



Mr. Jones was probably a clerk in the bank for some years before he became a partner.



[279]

One hundred pounds reward was offered for the bankrupt's apprehension by-
Messrs. Hustler, Hunter, and Bell, assignees of the estate. The bankrupt is
described as

" about 52 years of age, of slender make, stature much below the middle size, dark or sallow visage,
presenting an appearance as if he had recently recovered from an illness, broad face, high cheek
bones, dark eyes, which when in the act of speaking, he keeps steadfastly fixed on the countenance
of the person he is talking to ; dark hair, inclining to curl : quick gait, and uses a small stick in
walking, good address, speaks the south-country dialect in a smooth insinuating manner, and
occasionally used a pair of gold mounted spectacles. He lately resided at Greencroft, in the county
of Durham ; was formerly a glover at Ludlow, afterwards in trade in Birmingham, and about 15 years
ago was employed as a clerk in a bank at Stourbridge."



IbaGues, StricFilant), d alien. /iDaiton.

Founded about i8i6. NORTH RIDING BANK. Suspended Payment

Partners. 1825.



Thomas Hague. — Allen.

— Hague. John Barnhy.

Arthur Strickland.

AT some date between 1816 and 1822, the above firm commenced business at

/-\ Malton, their London agents being Barclay & Co. A note of theirs for

£1 — No. 1,354 B> dated Malton, 31st October, 1822, is signed "For

Hagues, Strickland, and Allen. Thos. Hague. Entered W. Allinson." It is from

a plate by Perkins, Fairman, and Heath, of London — a firm that produced work

of the highest class.

In 1823 they had a branch at Pickering in the Boroughgate — William Ashton,
agent.

They had not a ver}'- long course, though they had a considerable note issue,
and must have had an extensive business. In the eventful year of 1825 they were
compelled to close their doors. An extract from the York Courant, February
2 1 St, 1825, will best explain the situation : —

" We regret to announce that the respectable Banking Establishment of Messrs. Hagues, Strickland,
and Allen, of Malton, have been compelled to suspend their payments. In a notice issued by them
and circulated yesterday (Monday), they state that they have been compelled to take this step
" owing to the long continued and eiicreasing pressure upon their establishment, and the utter
impossibility of getting in their resources, in consequence of the present stagnation in the trade and
commerce of the country."

Messrs. Hagues and Co , however, assure the public, that on an inspection of the situation of
their affairs " there will be found more than sufficient to pay every demand in full." — The nolice further
contains the following singular explanatory paragraph : " When Messrs. Hagues and Co. state to the



[28o]

public, that, about five years ago, they were defrauded and robbed by their late partner, John Barnby,
and his accomplices, to the amount of sixty thousand pounds and upwards — that notwithstanding,
Messrs. Hagues and Co., have maintained their credit and characters unimpeached ever since, though
they had to contend with numerous prejudices arising out of the misconduct of that partner^and
further, that they had within the last two months, amidst the difficulties and troubles of the country,
paid near one hundred and twenty thousand pounds in discharge of their engagements, Messrs.
Hagues and Co. feel assured that the public will sympathize with them in the present situation, and
allow them time for the settlement of their affairs, under the direction of proper persons to be
appointed for that purpose."

A further announcement says : —

" Last week, it was our painful duty to add the respectable firm of Messrs. Hagues, Strickland, and
Allen, of Malton, to the melancholy list of banks, which have stopped payment, during this most
unexampled period of severe trial. It is, however, with much satisfaction we perceive, by an
advertisement in our first page, that the accounts have been looked over by persons fully competent
to understand them, and that they show a very considerable surplus after payment of every demand
in full.

We understand, the amount of their notes in circulation, is now little more than 24 or £25,000,
that the total amount of the claims upon the house do not exceed £90,000, and that the effects to meet
that sum, amount to somewhere about £111,000, exclusive of the private estate of each partner. The
firm is rapidly winding up its concerns, and the partners confidently hope, to pay off one third of
their obligations within three months, and the remainder within a very short period."

The firm circulated a handbill explaining these circumstances. They were
allowed to wind up voluntarily, though Arthur Strickland became bankrupt,
February 20th, 1827.



1banlmon^, Ibtrst, a Close. iRortbaiierton.

Founded prior to NORTH RIDING BANK. Stopped Payment

1804. Partners. about 1820.

Anthony Hammond. Henry Hirst. jfohn Close.

THE earliest record gathered of this firm is from one of their notes for five
guineas which bears date, March 14th, 1804. They then styled
themselves the " North Riding Bank," and in a vignette upon their note
they have a view of the Register Office, Northallerton.

The partners were : — Anthony Hammond, of Hutton Bonville Hall, near
Northallerton ; Henry Hirst, a Solicitor of Northallerton ; and John Close. I
incline to think that they took over the business of Messrs. Peirse, Consett,
Topham, and Walton, as the bank bears the same name, and the same view of the
Register Office is upon their notes, though the blocks from which the views are
printed are executed by different artists, the fomier being by Beilby and Bewick
of Newcastle ; and the latter by Gale and Buden of London. They are named as



[28^j

Hammond & Co. in the bankers' list for 1813, with WiHis & Co. as their London
Agents. They are not in the list for 1823, so that they ceased business some time
between 1813 and 1823. The bank stopped payment, but avoided the Bankruptcy
Court.

ANTHONY HAMMOND.— His name originally was Ewbanke, but he
took the name of Hammond under the will of his great-uncle Peter Hammond,
of Bolton Hall, near Wensley, who left him estates in various parts of
Yorkshire. His marriage was announced thus : — " 1790, October 21st. — At
Richmond, Anthony Hammond, Esq., of Hutton-Bonville, near Northallerton,
was married to Miss Close of the former town." He purchased the Hutton-
Bonville estates from Richard William Peirse in 1785. At the time of the bank
failure he broke the entail, and sold the estates in 1825 to Henry Peirse, a
member of the same family that parted with them in 1785. In 1840 they were the
property of Miss Mary Ann Peirse, and are described as containing 1080 acres of
land. Miss Peirse was also patroness of the living. At her death they came to
Henry de la Poer Beresford, who took the name of Peirse.

Mr. Hammond retired to Durham, where he resided for some little time ; he
then went to Richmond, to which place he originally belonged. He died there
about 1835, aged 80, and was buried at Easby.

The Hirst family were numerous in the Northallerton district, and for many
years were the proprietors of the celebrated Golden Lion Inn. I cannot see that
any of the firm were connected with the Register Office, a view of which
appears upon their notes, though it is stated in the account of this institution
(see Peirse, Consett, & Co.), that prior to the establishment of the present office,
John Close of Oulston, near Easingwold, was, in 1726, Acting-Registrar.



1baw?i0, (Brc^, prieetman, d Co. mewcastie-upon-usne.

Founded December i2th, 1857. Partners. Dissolved May, 1858.



Joseph Hawks. James Sillick.

John Grey. John Brodrick Dale.

Jonathan Priestman. Jonathan Priest man, j'un.

A FEW days after the suspension of the Northumberland and Durham District
Bank, the following paragraph appeared in a Newcastle paper : —

" THE NEW BANK PROJECT.
" We are promised a reopening of the District Bank under new auspices. The time of opening is
uncertain, it was expected this week — and we are informed that the arrangements for it are still in

J*



[282]

progress. A private partnership, composed of gentlemen holding a heavy stake in the suspended
bank, propose to carry on the business, partly on their own account, and partly on behalf of the
general body of shareholders. This arrangement, from the success which has attended it in the case
of the Union Bank, is regarded with considerable favour, and it would at all events, tend to relieve
parties who are inconvenienced by the late suspension. . . . The New Bank will start, we
presume with sufficient to meet the wants of a moderate and legitimate business. Its promoters are
men of respectability and influence, they labour however under the disadvantage of being liable for
no slight proportion of the claims of the original undertaking, and on this account, they can hardly
look — just now, at least — for the confidence and support which parties otherwise situated would have
readily obtained."

The gentlemen who thus banded themselves together were : — Joseph Hawks
of Gateshead, John Grey of Dilston, Jonathan Priestman of Shotley Bridge,
Alderman James Sillick of Newcastle, John Brodrick Dale of South Shields, and
Jonathan Priestman, jun., who upon Saturday, December 12th, 1857, utihsed the
premises and a few of the clerks of the recently closed District Bank, and offered
themselves to the public as bankers under the above firm. After a short time the
bank was moved to St. Nicholas' Square.

For a few months a small business was done, but the disadvantage mentioned
above proved insurmountable. Just five months after the opening, the firm
issued the following circular, which fully explains their position : —

BANK, Newcastle-upon-Tyne, May ISth, 1858.
We have to intimate to you our intention of relinquishing our business as Bankers. Our Banking
House will remain open for the present, but only for the purpose of discharging the demands upon us,
and for the receipt of the sums due to our Firm.

It is with reluctance that we have come to this decision ; but we have felt that, after the
publication of the Accountants' Report on the position of the Northumberland and Durham District
Banking Company, we could not, with so many of our partners liable as Shareholders in that concern
calculate upon inspiring that amount of confidence requisite to justify the continuance of our
operations.

In opening the Bank we were desirous, by the appropriation of a large portion of the anticipated
profits, to relieve to the utmost of our power the Shareholders in the District Bank ; and the short
experience we have had abundantly proves that had we been enabled to continue our business, the
position of those Shareholders might thus have been materially alleviated.

We are deeply sensible of the confidence which you have reposed in us, and we anxiously hope
that our determination may not cause even temporary inconvenience to those who have so kindly
supported us.

We remain,

Your obedient Servants,

HAWKS, GREY, PRIESTMAN, & CO.

All the partners, with the exception of Mr. Dale, finally retired from the
banking world, but the latter gentleman soon after commenced the business of
Dale & Co., bankers, South Shields, and under that heading an account of him will
be found.



[^83j

Iba^e, Xeatbam, 1bo^g60^, MalF^cr, S, %\etcx. /loaiton, (Xc

MALTON, WHITBY, AND SCARBOROUGH BANK.

Founded 1792. Partners. Extinct prior to 1816.



Information incomplete.

A YORKSHIRE paper announces under June 19th, 1792, "A bank was
opened at Malton, Scarbro', and Whitby, under the firm of Hayes,
Leatham, Hodgson, Walker, and Lister." Their London Agents were
Messrs, Harrison & Co. On April i8th, 1793, they stated that "all Drafts and
Notes drawn by Messrs. Hayes, Leatham, Hodgson, Walker, and Lister,
addressed payable at Messrs. Robert and Thomas Harrison & Co., will be paid
by Messrs. Bond & Son, Bankers in London." In 1794, they advertised themselves
as willing to receive contributions towards the fund being raised for the internal
defence of the country. In the list of bankers for 1805, they appear as Hayes Sl Co.,
at Malton, and there is a Lister & Co. at Scarborough, presumably the junior
partner in the previous firm ; the London Agents in both cases being Bond & Co.
In 1 8 1 6 they do not appear amongst the Malton bankers, and at Scarborough they
are described as Listers, Moorson, & Co. ; London Agents, Bond & Co. I
therefore presume that they relinquished the Malton business at some date between
those named. In 1823, under Scarborough, we find J. & R. M. Lister,
Moorson, & Co. London Agents, Bond & Co.

THOMAS HAYES, the originator of the firm, came from Whitby, where he
owned St. Hilda's Terrace, in which he built the first house. During the time of
the wars towards the end of the last century, he was the owner of several
privateers, one of which he personally accompanied. On one occasion when he
returned after a very successful voyage, he found that his wife had spent all the
available money that he had left on shore, in gambling at cards with a Lady
Compton. This led to a separation between Hayes and his wife, and the house at
Whitby was divided into two establishments, some of the rooms crossing each
other. At the present day the division remains, the house being held by different
owners. Hayes subsequently built Aislaby Hall, near Pickering.

The old privateer and banker had no family ; two nephews were the probable
inheritors of the property, they being alternately in great favour with their uncle.
To save anxiety, and the trouble of "nursing" the old gentleman, they hit upon
the novel expedient of secretly agreeing between themselves, that whichever of
them proved the final favourite and inherited the money, he would divide the spoil
equally with his brother. Eventually the elder nephew inherited the property,



, [284j .

and honourably carried out the compact. The death of Mr. Hayes is announced
thus : — " 1 8 10, July ist, died at Aislaby Hall, near Pickering, Thomas Hayes, Esq.,
aged 84, one of His Majesty's Justices of the Peace, and Deputy Lieutenant for
the North Riding of Yorkshire."

Mrs. Dorothy Hayes was resident owner of Aislaby Hall in 1 840. Descendants
of the family are still residing at Whitby.

ISAAC LEATHAM was a land agent at Appleton-le-Street, where he held
property. With others he purchased an interest in the Marquis of Salisbury's
Tinnington estates. He subsequently went to Pontefract, and established the
firm of Messrs. Leatham, Tew, & Co. of that town. His son William was for
many years a member of the Pontefract firm ; he died at Leamington, where he
had gone for change of air, October 19th, 1842, aged 58. He was buried in the
Friends' burying-ground at Pontefract. Many members of the family belonged to
the Society of Friends.

The " Book of Autographs " of Mr. J. Ord has the signature of Isaac Leatham.
Against it is noted, "A Land Agent and Banker of Malton in Yorkshire, 1800."
There is also the signature of Henry Leatham, " A Gentleman and a Banker, and
son of Isaac Leatham, Esq., of Malton, one of the Society of Friends."

The Mr. Hodgson in the firm was previously a partner in Clarke,
Richardson, & Hodgson, subsequently Richardson & Holt (whose business was
taken over about 1847 by the York City and County Bank). An account of him
will be found under the first-named bank.



Ibobolf^in, Barnett, pcaee, S, ©pence. Bewcastie-upon-usne.

Founded 1859. Partners.



Thomas Hodgkin. Robert Gurney Hoare.

William Edward Barnett. Newton C. Ogle.



Online LibraryMaberly PhillipsA history of banks, bankers, & banking in Northumberland, Durham, and North Yorkshire, illustrating the commercial development of the north of England, from 1755 to 1894, with numerous portraits, facsimiles of notes, signatures, documents, &c → online text (page 32 of 57)