Trevor Corry & Co. Newry Bank ca.1804

[DOC]

Tervor Corry also set up a bank in Newry called ‘The Newry Bank’ about 1804. The original partners were Trevor Corry, Hans Ogle, Robert Macan, Hugh Carlile and Smithson Corry. The history of the bank is obscure and it appears to have operated only for a short time. A silver note, for 3s 9½d is known with an 1804 date.

[Mac]

This is the lesser-known Newry Bank. I have not seen any notes from Corry's except this one.

[DOC]

This bank appears to have been short lived which would explain the lack of notes. I found a notice in a contemporary newspaper which suggests that the bank was dissolved in an orderly fashion in 1807.

The attached family tree is useful and summarises the relationship between members of the influential Corry family. Trevor Corry was a prominent figure in Newry and a magistrate for 35 years. His brother Smithson was also a magistrate. Isaac Corry (1752-1813), the well known politician was a cousin of Trevor Corry. He was Chancellor of the Exchequer of Ireland and a member of the Irish and British Parliaments.

In an article titled, The Moores of Drumbanagher, Isaac Corry is reputed to have set up a bank in Newry. However, I could find no evidence to support this and it seems likely that the bank mentioned is that of Trevor Corry & Co.

[DOC]

Trevor Corry resumed his interest in banking in 1825 taking on the agency of the Bank of Ireland in Newry. This expanded the range of services offered by the company Corry & Little, a venture with business partner Archibald Little.

[Mac]

Kenny & Turner don't make mention of Corry & Co.
I expect that the bank was closed in an orderly manner, especially considering that Trevor Corry became the Bank of Ireland agent in Newry.

[callahiljo]

There is certainly conflicting evidence on the early Newry banks. In PMI we have plumped, rightly or wrongly, for four of them, the fourth being the S & J Townly and now added even though mentioned only in Kenny & Turner's "Wildcat Banking".

[DOC]

Interesting to see S & J Townly mentioned as another of the early Newry Banks. Like other examples of early ‘bankers’ that we have seen, Samuel and James Townley were primarily merchants who offered banking services as a sideline activity. It is not known if they issued notes or post bills so it if would be great to hear if anyone has seen any examples.

S & J Townley are listed as merchants and bank agents in Pigot’s Directory of 1824. This suggests that their business continued after the 1820 crisis.

[Mac]

Perhaps S & J Townley may not have been issuers of notes, or only issued them occasionally in small amounts to facilitate their own cash flow, leaving the 1820 crisis having minimal effect on them.