[ Nathan Rothschild, 1st Baron Rothschild. ] Autograph Note Signed ('R.') to 'Mr May', i.e. Frank May, Chief Cashier of the Bank of England.

Author: 
Nathan Rothschild, 1st Baron Rothschild [ Nathan[iel?] Mayer Rothschild, Lord Rothschild ] (1840-1915) [ Frank May (1832-1897), disgraced Chief Cashier of the Bank of England, 1873-1893 [
Publication details: 
Mentmore; 25 August 1887.
£80.00
SKU: 19723

1p., 12mo. In good condition, lightly aged. Reads: 'My dear Mr May - | I am delighted you can come on Saturday. Please let me know the train you come by. Our station is Cheddington. | Yrs sincerely | R.' On May's death the New York Times reported (10 February 1897) that in 1893 he 'suddenly resigned after a mysterious meeting of the Board of Directors, and for several days exciting rumours circulated in London that something was wrong with the finances. The real facts came out slowly, and they showed that May had induced the officers of the bank to lend money on doubtful securities, the collapse of which caused a loss to the institution of about £50,000'.