List of the Partners of the Banking Company in Aberdeen, Instituted 1797. Alexander Bannerman, Esq. M.P. Governor.

Author: 
The Aberdeen Banking Company (1767-1849) [Sir Alexander Bannerman (1788-1864)]
Publication details: 
Aberdeen, 30th March, 1838.' 'D. CHALMERS AND CO. PRINTERS, ABERDEEN.'
£195.00
SKU: 8360

Finely printed on one side of a piece of good wove paper, 52.5 x 41.5 cm. Very good. Around two hundred names arranged in two columns, beginning with 'Dr. John Abercrombie, First Physician to the Queen for Scotland, in Edinburgh', and ending with 'John Young, Merchant in Aberdeen - His Representatives'. Directors and Extraordinary Directors are distinguished by marks prefixed to their names. According to one authority the Bank's demise was occasioned by the 'Large advances [which] were being made to firms in which the directors of the bank also had an interest. It was only on the appointment of a new cashier in 1839, that these potential bad debts were brought to the directors' attention. No action was taken however until 1842, by which time it was too late. In 1849, the firms to which the large advances had been made failed, and the business of the Aberdeen Banking Company was acquired by the Union Bank of Scotland in the same year.'