The Scottish antiquary, or, Northern notes & queries . Patie Belch and John Belch & Co. [1804-1806—Kerr on Banking, ], writes Shirra, were not exactly speaking public bankers, but ratherprivate bill-discounters. Patie was a publichouse-keeper, and had acquired or, Northern Notes and Queries. 23 some capital on which he traded by discounting bills of no great sums tohis needy neighbours who had not courage enough to enter the sweating-rooms of the big concerns. Patie died by his own hand in 1798,though his affairs were found correct and ample funds left. His son Johntook up the business in
The Scottish antiquary, or, Northern notes & queries . Patie Belch and John Belch & Co. [1804-1806—Kerr on Banking, ], writes Shirra, were not exactly speaking public bankers, but ratherprivate bill-discounters. Patie was a publichouse-keeper, and had acquired or, Northern Notes and Queries. 23 some capital on which he traded by discounting bills of no great sums tohis needy neighbours who had not courage enough to enter the sweating-rooms of the big concerns. Patie died by his own hand in 1798,though his affairs were found correct and ample funds left. His son Johntook up the business in a more ostensible way than his father. He, how-ever, about 1806, made a moonlight flitting and his creditors made apursuit. At Falkirk they found a cart loaded with his stuff which wasseized and brought back. John himself escaped and eventually reachedLondon, where for some time after he attended Change. His effects leftin Stirling realised sufficient to satisfy his creditors and justice declined topursue the John Thomson, Merchant and Manufacturer, was properly not abanker. The decrees of Napoleon at Berlin and Milan were intended tocripple the industry of Britain. They did not do so, but materiallyaffected its commerce. Specie began to get scarce, and, in proportion toits scarceness, so increased the paper currency that many private in-dividuals, such as manufacturers and managers of companies, issued ontheir own obligations. John was a carpet manufacturer, and was one whoadopted the expedient in Stirling. He issued notes of the value of FiveShillings, for four of which he obligated himself to pay 20s., or One did not undertake to cash one, two, or even three of them whenpresented ; four was the stipulated number. Being the son of a banker, areputed opulent shareholder of The Corner Bank, his credit was neverdoubted. His notes were found convenient for change, and The Housethat Jack Built was as potent as a 5s. piece with the impress of Majestyon it. Jo
Size: 1873px × 1333px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bo, bookcentury1800, bookdecade1890, bookidscottishantiquar13unse
