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Re: Ffrench's Bank, Charles & Co. Tuam, Co. Galway • 1812–1814 (AKA Tuam Bank)

Posted: 01 Jun 2019 11:18
by DOC
Good question. Thomas Ffrench founded Tuam Bank in 1803. The bank prospered in the early years and expanded with the addition of new partners. The attached Table shows the progression of partners based on notes observed to date. The transition to Charles Ffrench as lead partner is also included.

In line with the convention established by PMI, types are defined according to the different partnerships. For one of the partnerships, two note designs were issued. Looking at the overview, it is apparent that the notes observed to date are most likely a fraction of what was issued. The fun is to keep a look out for new items that will inevitably turn up.

Re: Ffrench's Bank, Charles & Co. Tuam, Co. Galway • 1812–1814 (AKA Tuam Bank)

Posted: 03 May 2020 12:20
by DOC
Here are examples of a £1 banknote and £4 post bill issued with Charles Ffrench as lead partner and bearing 1811 dates. This suggests that Charles Ffrench took over Tuam Bank from Thomas Ffrench earlier than generally believed, in 1811 rather than 1812.

Re: Ffrench's Bank, Tuam, Co. Galway • 1803–1814 (AKA Tuam Bank)

Posted: 31 Oct 2020 13:39
by DOC
The earliest known Ffrench’s Bank note is an unissued ‘Silver’ note for Three Shillings Nine Pence Half-Penny and dates from 1803-1804. The partners are listed as Thomas Ffrench & Co. and based on this description, I incorrectly assumed that Thomas Ffrench originally operated as a sole partner. However, looking at ‘Silver’ notes issued by other banks at the time, it appears that the rules regarding listing all partners were more relaxed for these lower denomination notes.

The monogram to the left provides a clue as to the partners issuing the note. It bears the initials M&K in addition to those of Thomas Ffrench which suggests that the first note issuing partnership is actually:

Thomas Ffrench, Michael Morris & William Kearey