The Clonmell Bank Riall’s Bank in Clonmel was one of the best run banks of its time. Founded in 1715 as The Clonmell Bank by Phineas Riall and managed by him until 1724, the bank was known as Bagwell & Co between 1724 and 1754. In 1754, William Riall became senior partner and he traded…
Introduction: James Swift registered his bank in Dublin in 1721 but he was operating in Dublin beforehand, probably as a Goldsmith notory or banker of some description – as can be seen by this ‘sight note’ from Sir Francis Child (a London Goldsmith and banker). Sight note, 14 May 1713, ‘At three days sight pay…
Date: c.1804 Few people had silver or gold coins, and those who did, hoarded them and did not use them unless they really had to. Most of the smaller change in circulation was unofficial, illegal tokens. In short, there was a local currency crisis. The solution was small notes (an IOU) like the one below…
Date: 1804 Many people scoff at the thought of towns being so bereft of coinage for small change that they had to issue notes for very small amounts in Weimar Germany, Austria and France after the first world war, but a similar situation existed throughout Ireland in the late 1700s and early 1800s. Few people…
Gibbons & Williams Bank: Gibbons & Williams was one of the last private banks to be founded in Ireland. Founded in 1833, it spectacularly collapsed in 1835 when the senior partner, Hutchins Thomas Williams, was found to have been embezzling client funds. James Gibbons had parted company with him in 1834 and wasn’t involved in…
Gibbons & Williams Bank: Gibbons & Williams was one of the last private banks to be founded in Ireland. Founded in 1833, it spectacularly collapsed in 1835 when the senior partner, Hutchins Thomas Williams, was found to have been embezzling client funds. James Gibbons had parted company with him in 1834 and wasn’t involved in…
Gibbons & Williams Bank: Gibbons & Williams was one of the last private banks to be founded in Ireland. Founded in 1833, it spectacularly collapsed in 1835 when the senior partner, Hutchins Thomas Williams, was found to have been embezzling client funds. James Gibbons had parted company with him in 1834 and wasn’t involved in…
Gibbons & Williams Bank: Gibbons & Williams was one of the last private banks to be founded in Ireland. Founded in 1833, it spectacularly collapsed in 1835 when the senior partner, Hutchins Thomas Williams, was found to have been embezzling client funds. James Gibbons had parted company with him in 1834 and wasn’t involved in…
Gibbons & Williams Bank: Gibbons & Williams was one of the last private banks to be founded in Ireland. Founded in 1833, it spectacularly collapsed in 1835 when the senior partner, Hutchins Thomas Williams, was found to have been embezzling client funds. James Gibbons had parted company with him in 1833 and wasn’t involved in…
The Clonmell Bank Riall’s Bank in Clonmel was one of the best run banks of its time. Founded in 1715 as The Clonmell Bank by Phineas Riall and managed by him until 1724, the bank was known as Bagwell & Co between 1724 and 1754. In 1754, William Riall became senior partner and he traded…
The Old Currency Exchange is a specialist dealer and valuer of Irish & GB coins, tokens and banknotes 