The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

Banknotes issued by Irish Private Banks ca1700–ca1833
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DOC
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The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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An article in Coin News by Derek Young (IN No.53, P188-189) provides a nice overview of The Lurgan Bank which was based in Co. Armagh. The bank appears to have been founded in 1804 by Joseph Malcomson. William Brownlow took over as lead partner in 1805 and Joseph Malcomson became lead partner again in 1815 after the death of William Brownlow.

Here is an example of a 9 shillings silver note issued in July 1804 with partners Joseph Malcomson, Henry McVeagh, Alexander Cuppage & John Waite.
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Lurgan Bank Joseph Malcolmson & Co. 9 Shillings July 1804.jpg
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Re: The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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Few notes of the Lurgan Bank survive. In addition to the 9 shillings silver note, PMI mentions a £1 note dated 1805 and provides an illustration of a 30 shillings contemporary forgery dated 1819. The early notes of the bank were also payable at the office of their agent in Dublin, Jonas Stott, Dominic Street. From 1808, the Dublin agent was changed to Wilcocks & John Phelps, Capel Street.
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Re: The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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Kenny and Turner list Lurgan's Banks as having failed in 1820. The rarity of its notes might suggest that they may have largely been paid off.
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Re: The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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Here is a link to a biography of William Brownlow. As well as being a banker, he was an MP, and strongly opposed the Act of Union.
dib.ie/biography/brownlow-william-a1062
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Re: The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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Very interesting. That site is a great find and a treasure trove of information :) .
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Re: The Lurgan Bank (Malcolmson's & Brownlow's) 1804-1820

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There is a lot of background information on many persons involved in the Private banks, with very well referenced entries, and contributors such as S. Cromien. A good resource.
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