The Silver Bank 1804, John Rose

Banknotes issued by Irish Private Banks ca1700–ca1833
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ThePloughman
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Re: The Silver Bank 1804, John Rose

Post by ThePloughman »

There sure is a lot more to these 'Silver Bank' bills than I thought from the old Irish Numismatics article on them. Thanks for all this info guys.
Nothing on them anywhere else. I will wait to see the page on them in the website.
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Mac
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Re: The Silver Bank 1804, John Rose

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The hanging sheep is the symbol of the ‘Golden Fleece’, dating from 1430, and probably comes from attachments of Talbot’s to his previous business endeavours.

As I understand it so far:
Malahide Bank founded 10 March 1803.
John Rose Baker involved as Dublin agent.

13th July 1803 or earlier.
Hon. John Leeson leaves, John Rose Baker also withdraws, bank name changed to The silver Bank and new note issue payable at 10 St Andrew St from 18 July 1803 or earlier.

Silver Bank, Malahide. Registered 27 January 1804.
The silver Bank then proceeds to issue notes from Malahide. The bank then goes bust.

Apparently Alderman John Rose then started a rival bank in Bray which later closed in good order in August 1804 after an Act is passed prohibiting (silver) notes under 20s.
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Mac
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Re: The Silver Bank 1804, John Rose

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I added the article by Derek young (1974) on Talbot's Malahide Bank 1803-1804. The article doesn't make mention of its successor, Talbot's Silver Bank, but does give some useful background information on the bankers.
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DOC
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Re: The Silver Bank 1804, John Rose

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That’s a nice article giving some excellent background. However, the claim that all creditors were paid in full is doubtful based on a newspaper report of the time.

Here is an example of a 3s 9½d Silver Note issued by Talbot & Co. under the original name of Malahide Bank. These low denomination notes experienced much circulation and are most often seen in very low grade.
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Malahide Bank Talbot & Co. 3s 9½d May 1803.jpg
Malahide Bank Talbot & Co. 3s 9½d May 1803.jpg (136.95 KiB) Viewed 353 times
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Mac
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Re: The Silver Bank 1804, John Rose

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Added a page on the two Silver Banks and Malahide Bank to the main web site, with illustrations of all of the available denominations for each bank.
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Re: The Silver Bank 1804, John Rose

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Mac, a very nice job and a fascinating story !
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Re: The Silver Bank 1804, John Rose

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We have still a lot to learn about the Silver Banks, especially Alderman John Rose's business.
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ThePloughman
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Re: The Silver Bank 1804, John Rose

Post by ThePloughman »

Great to see all the bits tied together on the web page. Did any of the silver banks do currency bills higher than the 9 shilling?
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