Joyce, Blake, Galway Bank. 1802–1813

Banknotes issued by Irish Private Banks ca1700–ca1833
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

Joyce, Blake, Galway Bank. 1802–1813

Post by Mac »

Joyce & Blake, Galway Bank was rather short lived.

Image
Galway Bank One Guinea 1813.
Image

As ever, more to follow.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

Re: Galway Bank • 1802–1813

Post by Mac »

Image
Galway Bank 25 Shillings 1813.
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post by DOC »

An unissued 30 Shillings note from this partnership.

Image
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post 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.

Image
User avatar
ThePloughman
UNC
UNC
Posts: 257
Joined: 04 Nov 2016 16:37

Re: Galway Bank • 1802–1813

Post by ThePloughman »

Are there any pictures of £3 or £5 notes for this bank?
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post by DOC »

I have not seen a £3 or £5 note from this bank, although 3 Guinea Post Bills are known. Example attached.

Image
User avatar
ThePloughman
UNC
UNC
Posts: 257
Joined: 04 Nov 2016 16:37

Re: Galway Bank • 1802–1813

Post by ThePloughman »

3 guineas is kind of a wierd denomination for a banknote.
Dont think I've seen one before.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

Re: Galway Bank • 1802–1813

Post by Mac »

Denominations tended to exist for certain transaction types, I expect.
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post by DOC »

Here is a Galway Bank note from a different partnership, Walter Joyce and Mark Lynch. Another unusual denomination.
Attachments
Galway Bank Walter Joyce & Co.  6 Shillings 12th July 1804.jpg
Galway Bank Walter Joyce & Co. 6 Shillings 12th July 1804.jpg (61.44 KiB) Viewed 7784 times
Last edited by DOC on 12 Aug 2018 20:49, edited 1 time in total.
User avatar
ThePloughman
UNC
UNC
Posts: 257
Joined: 04 Nov 2016 16:37

Re: Galway Bank • 1802–1813

Post 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.
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post 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.
User avatar
ThePloughman
UNC
UNC
Posts: 257
Joined: 04 Nov 2016 16:37

Re: Galway Bank • 1802–1813

Post 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.
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

Re: Galway Bank • 1802–1813

Post 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.
User avatar
callahiljo
Posts: 5
Joined: 28 May 2016 15:15

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

Post 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.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

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

Post 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 1261 times
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

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

Post 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.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

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

Post 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.
User avatar
DOC
UNC
UNC
Posts: 673
Joined: 26 Jan 2015 18:15

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

Post 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.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

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

Post 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.
User avatar
Mac
Taoiseach • Admin
Taoiseach • Admin
Posts: 1353
Joined: 23 Jan 2015 15:05

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

Post by Mac »

I read the date as 22 Oct 1806 on the Joyce-Joyce exchange bill.
Post Reply