Re: Ross Bank 1800
Posted: 25 Apr 2022 19:59
An interesting item - I wonder if the IOU would have circulated as currency.
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Yes, it appears that these IOU’s circulated as a replacement for change due to the shortage of silver coinage. An 1804 House of Commons Committee mentions that IOU’s were issued by ‘every shopkeeper in Cork and by several shopkeepers in Kinsale’. This situation was regarded as ‘evil’