Michael Hearn & Co., Callan Bank, 1801-1807

[DOC]

Michael Hearn first registered his bank on 24th August 1801. It was known as the ‘Callan Bank’ and collapsed in 1807 with unpaid liabilities. The bank issued mostly notes of low denomination.

Here is an example of a note for 1 shilling and 1 penny, dated 12th January 1807. The note is issued in the form of a cheque, drawn by the cashier upon Michael Hearn. This appears to be an attempt to circumvent the law introduced in 1805, which banned the issuing of notes for sums less than £1.

[Mac]

Kenny & Turner (2019) relate that the Callan Bank issued a lot of notes in denominations under 3 Guineas.
Are there any examples of properly issued notes of the bank?

[DOC]

Kenny & Turner (2019) relate that the Callan Bank issued a lot of notes in denominations under 3 Guineas.
Are there any examples of properly issued notes of the bank?

The only examples of notes that I have seen are in the ‘cheque-like’ format. The Bank appears to have specialised in the lower denomination ‘silver’ notes for sums of 9 shillings or less. Here is an example of an unissued note for 3s 9½d.

[Mac]

Another example of a 'Silver Bank' then.