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Waterford Bank. Newports. 1799-1820

Posted: 06 Aug 2018 19:42
by ThePloughman
Here's another Waterford Bank: William Newport, Samuel Newport and John Newport.
A shame about the bank stamp, but still a nice example.
I guess the Newports were totally separate from the Roberts Banks.

1 Guinea, 25 November 1817.

Re: Waterford Bank. Newports. 1817

Posted: 13 Aug 2018 20:21
by DOC
Yes, the Newport family set up their own bank which they also named Waterford Bank. This example has William Newport as lead partner. Earlier notes have been seen with Simon Newport as lead partner. The bank stamps can provide useful information about the cancellation of notes and add to the interest level. Attached is an example of a 1 Pound note, dated 16th February 1820, which also has a bank stamp.

Re: Waterford Bank. Newports. 1817

Posted: 17 Aug 2019 16:43
by DOC
Here is a 9 shillings silver note issued in 1799 with Simon Newport as lead partner. Irish banknotes pre-1800 are seldom seen and this is an interesting example.

Re: Waterford Bank. Newports. 1817

Posted: 03 Sep 2019 00:28
by ThePloughman
Is the 1799 9 Shilling bill from the same bank as the others, as it is titled 'Newport's Bank', and the later bills are 'Waterford Bank'.
Did they just change the name, or go bust and start up again with a different name?

Re: Waterford Bank. Newports. 1817

Posted: 04 Sep 2019 20:57
by DOC
Yes, the Newport's Bank and Waterford Bank notes were issued by the same family of bankers. Simon Newport was the lead partner until 1803 and operated under the bank title 'Newport's Bank'. His son William took over the business in 1803 and ran the bank until the 1820 Crisis when the bank failed. Most notes issued with William Newport as lead partner have the bank title 'Waterford Bank' though some notes were issued with no bank title at all ! , example attached.

Re: Waterford Bank. Newports. 1817

Posted: 15 Sep 2019 12:17
by DOC
Here is an example of a Waterford Bank 30 Shillings note issued in 1820 with William Newport as lead partner. Irish Private Bank notes from the early 1820’s are difficult to obtain as many banks failed in the Crisis of 1820. Barrow reports that the Crisis which began in May 1820, marked the beginning of the end of Private Banking in the South of Ireland.

Re: Waterford Bank. Newports. 1817

Posted: 20 Oct 2019 11:50
by DOC
Here is a scarce £2 note issued by Waterford Bank, William Newport & Co in 1816.

Re: Waterford Bank. Newports. 1817

Posted: 23 Dec 2019 00:16
by DOC
Here is a scarce £3 note issued by William Newport & Co. Waterford in February 1820 shortly before the collapse of the bank in May of that year.

Re: Waterford Bank. Newports. 1817

Posted: 11 Jan 2020 12:13
by DOC
The Waterford Bank of William Newport & Co. also issued £5 notes. Here is an example of this scarce note dated 28th February 1820.

Re: Waterford Bank. Newports. 1817

Posted: 06 Feb 2020 20:54
by DOC
Here is an extraordinary £50 note issued by William Newport & Co. in 1818. This is one of the highest denomination notes known for an Irish Private Bank. It appears to be uncancelled.

Re: Waterford Bank. Newports. 1817

Posted: 08 Feb 2020 20:14
by Mac
That's a nice find. As you say, an exceptional denomination, and a significant loss to the bearer if they were left with it unpaid!

Re: Waterford Bank. Newports. 1817

Posted: 11 Feb 2020 00:16
by ThePloughman
This is a super bank bill. First 50 Pounder I have seen.
Was it in auction recently?

Re: Waterford Bank. Newports. 1799-1820

Posted: 12 Feb 2020 19:45
by DOC
This note now resides in a museum. My guess is that the £50 denomination is very rare and we will be waiting a long time to see another example !