Richard Sausse & Co. Carrick-on-Suir 1804-1825

[DOC]

Richard Sausse founded a bank in Carrick-on-Suir, Co. Tipperary, in December 1804 with James Sausse and John Sausse. Kenny & Turner indicate that the bank went into liquidation in 1825 after a brief stoppage during the 1820 banking crisis.

A note for 30 shillings dated 1809 is known. It is interesting to see that the partner’s names are not listed on the note.

[Mac]

The omission of partner names is odd. Could Richard Sausse perhaps have been the sole partner at the time of printing of the note?

[DOC]

Yes, I think your suggestion is correct that Richard Sausse originally set up the bank as the sole partner in 1804. The monogram on the note appears to be just ‘RS’. I have seen the bank referred to as Messrs. Sausse & Sons during the 1820 crisis, so the sons probably joined as partners at a later time.

Richard Sausse is reported to have behaved most honourably during the 1820 Crisis taking a loan from the Government to pay off his creditors. However, the loan and interest repayments had a devastating impact on the resources of his family. He moved to Toulouse in France, where he died in 1832.