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Joyce, Blake, Galway Bank. 1802–1813

Posted: 14 Oct 2016 00:13
by Mac
Joyce & Blake, Galway Bank was rather short lived.

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Galway Bank One Guinea 1813.
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As ever, more to follow.

Re: Galway Bank • 1802–1813

Posted: 08 Nov 2016 22:27
by Mac
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Galway Bank 25 Shillings 1813.

Re: Galway Bank • 1802–1813

Posted: 10 Nov 2016 23:23
by DOC
An unissued 30 Shillings note from this partnership.

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Re: Galway Bank • 1802–1813

Posted: 14 Nov 2016 20:34
by DOC
A second type of 30 Shilling note from this partnership. Although marked as a forgery, this example is probably faithful to the original design.

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Re: Galway Bank • 1802–1813

Posted: 21 Nov 2016 14:10
by ThePloughman
Are there any pictures of £3 or £5 notes for this bank?

Re: Galway Bank • 1802–1813

Posted: 18 Dec 2016 20:34
by DOC
I have not seen a £3 or £5 note from this bank, although 3 Guinea Post Bills are known. Example attached.

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Re: Galway Bank • 1802–1813

Posted: 19 Dec 2016 02:37
by ThePloughman
3 guineas is kind of a wierd denomination for a banknote.
Dont think I've seen one before.

Re: Galway Bank • 1802–1813

Posted: 17 Jan 2017 18:45
by Mac
Denominations tended to exist for certain transaction types, I expect.

Re: Galway Bank • 1802–1813

Posted: 05 May 2017 22:04
by DOC
Here is a Galway Bank note from a different partnership, Walter Joyce and Mark Lynch. Another unusual denomination.

Re: Galway Bank • 1802–1813

Posted: 11 May 2017 01:56
by ThePloughman
6 shillings is odd, I dont remember seeing this for another bank. I guess the denominations printed by the banks were what was needed at the time by commerce.

Re: Galway Bank • 1802–1813

Posted: 20 May 2017 22:37
by DOC
Lower value notes were intended to compensate for the chronic shortage of coinage which resulted from the Napoleonic Wars. According to PMI, 'silver notes' were defined in an Act of 1799 as notes for 9 shillings, 6 shillings and 3 shillings 9 and half pence. The last one equates to 1/6th of a British Guinea. The non-equivalence of the Irish and British pounds lead to odd denominations in Irish currency.

Re: Galway Bank • 1802–1813

Posted: 21 May 2017 03:22
by ThePloughman
DOC wrote:The non-equivalence of the Irish and British pounds lead to odd denominations in Irish currency.
This adds a bit of extra interest to the bank notes of the time too.

Re: Galway Bank • 1802–1813

Posted: 28 Jan 2019 20:16
by DOC
It seems likely that the bank of John Joyce & Co. failed in 1814 in the fall out surrounding the collapse of Ffrench’s Bank.
In 1824, Hely Dutton states that:
Of Mr. Joyce's (Galway) debts, I believe almost ten shillings in the pound have been paid, and it was the general opinion, that from his highly honourable character, activity, and skill in business, had he lived, the remainder would in a few years have been paid.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 16 Mar 2021 22:42
by callahiljo
I have a bill of exchange in the name of the Galway Bank with the partners named as Walter Joyce and John Joyce. It is dated 1806. I've not seen these two partners together on a bank note or a post bill. I can't post the image as the file size is too large - hopefully Martin can add it for me.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 17 Mar 2021 08:33
by Mac
Galway Bank Joyce & Joyce bill of exchange.
This is a new type, with both Joyces listed. I'll have to adjust the main site entry. Thanks for sending the picture.
Galway-bank-Joyce-bill-of-exchange.jpg
Galway-bank-Joyce-bill-of-exchange.jpg (100.33 KiB) Viewed 7687 times

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 18 Mar 2021 19:39
by DOC
Interesting to see this link between Walter Joyce and John Joyce.
This is a complicated bank with several changes of partnership.
John Joyce appears to have exited the bank in 1807 (an 1807 note lists Walter Joyce & John Appleyard as partners) only to return when Walter Joyce retired.

The bill is addressed to John Roche who appears to have been a major Dublin merchant.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 19 Mar 2021 21:49
by Mac
Unfortunately, I cannot make out the amount of the exchange bill.

Edit:
Duh, it's for £40! Written in numerals on the top right.
I wonder if these bills of exchange also circulated as currency.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 04 Apr 2021 13:00
by DOC
Mac wrote: 19 Mar 2021 21:49 Edit:
I wonder if these bills of exchange also circulated as currency.
Yes, bills of exchange were transferable by endorsement and circulated as currency.

E. Wakefield in an 1810 report to the Bullion Committee makes the following comment:
Bills of exchange greatly aid transfers, and supply the place of circulating medium, especially those drawn on Dublin, which pass from hand to hand until they fall due.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 04 Apr 2021 14:33
by Mac
This exchange bill with Walter Joyce and John Joyce on it will make a new note Type by partnership for the site listing.

The bank symbols, or logos on these Galway notes do make for a very attractive design, especially the earliest Joyce - Lynch notes.

Re: Joyce, Blake, Galway Bank. 1802–1813

Posted: 04 Apr 2021 14:56
by Mac
I read the date as 22 Oct 1806 on the Joyce-Joyce exchange bill.