When was it published?

February 15, 1771 in The New Hampshire Gazette And Historical Chronicle

Foreign News February 15, 1771

The New Hampshire Gazette And Historical Chronicle

Q: What entities or persons were involved?

Sir George Colebrooke, Lord Lieut.

Q: What keywords are associated?

Dublin Bank Crisis, Sir George Colebrooke, Bank Notes, Lord Lieutenant Assurance, Dublin Merchants

Portsmouth, Greenland, Rockingham County, New Hampshire

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What is this article about?

Dublin bank of Sir George Colebrooke and Co. faces temporary payment suspension due to high demand; proprietors promise to pay small notes before Christmas. Lord Lieutenant and city leaders assure confidence in other major banks by accepting their notes as cash.

Clipping

OCR Quality

95% Excellent

Full Text

An Advertisement is published in the Dublin Gazette, giving Notice that by a most extraordinary and unexpected demand for money at the Bank of Sir George Colebrooke and Co. the cash of said Bank has been so far exhausted, as to make it necessary to forbear payments in ready money for a few days. The Proprietors request the Creditors not to be impatient or uneasy as they will pay all notes under 20l. before Christmas, and have no doubt of being able to pay the other in a short time after.

It being apprehended that there might be a diffidence in the other Banks at Dublin, the Lord Lieut. the Nobility, Gentry, principal Merchants, and Traders of that City, being sensible of the secure foundations of the houses of Messrs. David Latouche & Sons, Mess. William Glendower and Co. Mess. Thomas Findlay and Co. and Mess. John Dawson, Coates and Patrick Lidderdale, have advertised that they will continue to take the Notes of the said Houses as cash, in all payments made to them.

What sub-type of article is it?

Economic

What keywords are associated?

Dublin Bank Crisis Sir George Colebrooke Bank Notes Lord Lieutenant Assurance Dublin Merchants

What entities or persons were involved?

Sir George Colebrooke Lord Lieut.

Where did it happen?

Dublin

Foreign News Details

Primary Location

Dublin

Key Persons

Sir George Colebrooke Lord Lieut.

Outcome

temporary suspension of payments; promise to pay notes under 20l. before christmas and others soon after; assurances for other banks maintaining confidence.

Event Details

Advertisement in Dublin Gazette announces exhaustion of cash at Bank of Sir George Colebrooke and Co. due to unexpected demand, leading to short-term halt in ready money payments. Proprietors assure creditors of imminent payments. To prevent distrust in other Dublin banks, Lord Lieut., nobility, gentry, merchants, and traders advertise continued acceptance of notes from secure houses like David Latouche & Sons, William Glendower and Co., Thomas Findlay and Co., and John Dawson, Coates and Patrick Lidderdale as cash.