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Details about  1811 E/L (RARE ITEM) BERWICKSHIRE MILITIA to EAST LOTHIAN BANK (SUGGESTS DRUNK)

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1811 E/L (RARE ITEM) BERWICKSHIRE MILITIA to EAST LOTHIAN BANK (SUGGESTS DRUNK)
1811-E-L-RARE-ITEM-BERWICKSHIRE-MILITIA-to-EAST-LOTHIAN-BANK-SUGGESTS-DRUNK
Item Ended
Item condition:
Used

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Ended:
24 Jan, 2014 13:53:37 GMT
Winning bid:
£9.99
1 bid ]
Postage:
£0.70 Economy Delivery | See details
Item location:
Livingston, West Lothian, United Kingdom

Description

eBay item number:
141165122512
Seller assumes all responsibility for this listing.

Item specifics

Condition: Used : Split the cost with friends
An item that has been previously used. See the seller’s listing for full details and description of any imperfections. See all condition definitions- opens in a new window or tab
Seller notes: See description
Type: Letter Service: Army
Era: 1751-1815 Country/ Organization: Royal Scots
Conflict: Napoleanic War

This is a letter from John Thompson of the Berwickshire Militia to East Lothian Banking Company and is dated 11th November 1811

Detailed letters from Militia regiments are seldom seen and I have specialised in this area of collecting over the years

Face contains a very distinct manuscript numeral "10.  Reverse contains a poor black box (Type BK5) (AYTON 347-B)

The signature is clear and the initial BM (Berwickshire Militia) are added.

The letter related to a Bill (cheque) drawn by John Thompson and subsequent passed to Leuit Colonel W McLean.  This seems to be an issue for Thompson and I suspect that he was drunk when this was issued as the letters refers to the bill have been drawn “after dinner” (with this underlined)

Condition is good and reflective of an item over 200 years old. The item is complete although has the usual hole as a consequence of the removal of the seal. This does not interfere with the markings or contents.

Further scans and information is available upon request.

Please bid with confidence; view my other items and note that postage may be combined for multiple purchases.

The East Lothian Banking Company was established on 1st June 1810 on which date it commenced business in Dunbar.  The main mover in establishing this bank is thought to have been Christopher Middlemass who was not only a well respected local dignitary but was also an experienced banker, having been employed in the town as agent of the British Linen Company in 1808, when he was dismissed for negligence following a robbery of the British Linen Company office.

The initial contract of copartnery for the East Lothian Banking Company was for 21 years; the capital £80,000, in 400 shares of £200 each.  There were 27 Partners, chiefly small landed proprietors or tenant farmers; 9 ordinary Directors and 3 extra ordinary Directors.

The Cashier was William Borthwick who was recruited from the Falkirk Union Banking Company.  On 10th April 1822 Borthwick absconded with a large sum of the Bank's cash and bills with this resulting in the closure of the Bank.

The then Edinburgh agents - Sir William Forbes, James Hunter & Co. - assisted the directors in their difficulty and provided credit of £100,000, on ample security over the Partners' estates, until the Bank's assets could be realised.  Mr William Paul, Accountant, Edinburgh was appointed to assist a committee of Partners in the winding up of the Bank.  This took many years (actions still seen in the 1840s) although all Creditors were paid in full.

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