Waterford Bank. Newports. 1799-1820

Banknotes issued by Irish Private Banks ca1700–ca1833
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ThePloughman
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Waterford Bank. Newports. 1799-1820

Post by ThePloughman » 06 Aug 2018 19:42

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.
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Waterford-Bank-1-Guinea-1817.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 13 Aug 2018 20:21

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.
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Waterford Bank William Newport & Co. 1 Pound 16th Feb 1820.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 17 Aug 2019 16:43

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.
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Newport's Bank 9 Shillings 1st Dec. 1799.jpg
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Re: Waterford Bank. Newports. 1817

Post by ThePloughman » 03 Sep 2019 00:28

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?

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Re: Waterford Bank. Newports. 1817

Post by DOC » 04 Sep 2019 20:57

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.
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William  Newport & Co. 25 Shillings 11th March 1820.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 15 Sep 2019 12:17

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.
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Waterford Bank William Newport & Co. 30 Shillings 28th Feb.1820.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 20 Oct 2019 11:50

Here is a scarce £2 note issued by Waterford Bank, William Newport & Co in 1816.
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Waterford Bank William Newport & Co. 2 Pounds 25th Oct. 1816.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 23 Dec 2019 00:16

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.
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Waterford Bank William Newport & Co. 3 Pounds 26th Feb. 1820.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 11 Jan 2020 12:13

The Waterford Bank of William Newport & Co. also issued £5 notes. Here is an example of this scarce note dated 28th February 1820.
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Waterford Bank William Newport & Co. 5 Pounds 28th Feb. 1820.jpg
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Re: Waterford Bank. Newports. 1817

Post by DOC » 06 Feb 2020 20:54

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.
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William Newport & Co. 50 Pounds 1st Oct.1818.jpg
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Re: Waterford Bank. Newports. 1817

Post by Mac » 08 Feb 2020 20:14

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!

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Re: Waterford Bank. Newports. 1817

Post by ThePloughman » 11 Feb 2020 00:16

This is a super bank bill. First 50 Pounder I have seen.
Was it in auction recently?

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Re: Waterford Bank. Newports. 1799-1820

Post by DOC » 12 Feb 2020 19:45

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 !

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