Finlay's Bank, Dublin • 1754–1829

Banknotes issued by Irish Private Banks ca1700–ca1833
Post Reply
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1237
Joined: 23 Jan 2015 15:05

Finlay's Bank, Dublin • 1754–1829

Post by Mac »

A visitor to the Dublin Coin Fair in February asked me about Finlay's bank.

A bit of research suggests that there were three different registrations of Finlay's bank in Dublin, with changes in the partners.

1754-1778
1778-1816
1816-1829

Image
Finlay's Bank 20 Pounds


Image
Finlay's Bank 5 Guineas

User avatar
DOC
UNC
UNC
Posts: 563
Joined: 26 Jan 2015 18:15

Re: Finlay's Bank, Dublin • 1754–1829

Post by DOC »

Finlay’s Bank is reputed to have been a significant issuer of banknotes over its long history but today its notes are scarce, particularly in issued form. The reason for this may be due to the orderly wind down of its operation in 1829 with full payment of issued notes outstanding. The two examples posted previously appear to be issued notes which have been cancelled. The 1798 example has the signature area removed while the £20 note is unusual in having several details crossed out.
Last edited by DOC on 08 Dec 2018 13:03, edited 1 time in total.

User avatar
DOC
UNC
UNC
Posts: 563
Joined: 26 Jan 2015 18:15

Re: Finlay's Bank, Dublin • 1754–1829

Post by DOC »

Here is a £10 unissued note from this bank with Thomas Finlay as lead partner. An interesting feature is the counterfoil on the left, a useful feature for recording details when notes were issued. It reminds me of the counterfoil on modern day cheque books.
Attachments
Thomas Finlay & Co 10 Pounds Unissued 1826-1829.jpg
Thomas Finlay & Co 10 Pounds Unissued 1826-1829.jpg (50.73 KiB) Viewed 5197 times

User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1237
Joined: 23 Jan 2015 15:05

Re: Finlay's Bank, Dublin • 1754–1829

Post by Mac »

You don't often see them with the counterfoil.
Where it was cut off seems to be a bit random. The £20 above has all of the left side design intact, whilst the 5 guinea has had most of that design feature cut away.

User avatar
ThePloughman
AU
AU
Posts: 225
Joined: 04 Nov 2016 16:37

Re: Finlay's Bank, Dublin • 1754–1829

Post by ThePloughman »

DOC wrote:
01 Dec 2018 10:18
the orderly wind down of its operation in 1829 with full payment of issued notes outstanding.
An orderly wind down of operations was surely unusual for a private bank of that era!

User avatar
DOC
UNC
UNC
Posts: 563
Joined: 26 Jan 2015 18:15

Re: Finlay's Bank, Dublin • 1754–1829

Post by DOC »

Yes, chaotic bankruptcy was more the norm for the early Private Banks in Ireland !

User avatar
DOC
UNC
UNC
Posts: 563
Joined: 26 Jan 2015 18:15

Re: Finlay's Bank, Dublin • 1754–1829

Post by DOC »

Here is a 5 Guineas note from Thomas Finlay & Co. The design is similar to the 1798 example issued by John Finlay & Co. (illustrated in an earlier posting) but the partners’ initials in the monogram have been changed. An interesting feature is that the initials are those of the previous partnership with G for John Geale, still included.

The partners are those registered for 1825-1828 while the promise to pay is in Irish Currency. This suggests that the note was printed in 1825 as notes with references to Irish Currency were phased out in early 1826. The serial numbers on the note do not match and the date is partially filled out as, 12th July 185_. M&R Law has been added to the signature area. A likely explanation for this is that the note was retained by the partners as a ‘souvenir’ given that it would have become obsolete soon after it was printed.
Attachments
Thomas Finlay & Co. 5 Guineas 12th July ca.1825.jpg
Thomas Finlay & Co. 5 Guineas 12th July ca.1825.jpg (172.79 KiB) Viewed 3010 times

Post Reply