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found each of the defendants guilty of the charges and they were given sentences ranging from a nominal fine of one shilling to imprisonment for up to one year. By July 1858, however, only one of the convicted, the former manager of the bank, and arguably the least influential person among the
48:
After press articles alleging substantial losses appeared in 1856, the share price dropped and in
September 1856 the bank suspended operations after experiencing a run, leaving 6,000 depositors owed money.
59:—were put on trial in February 1858. (The bank's founder, MacGregor, had fled to France and died there in 1857.) They were tried for conspiracy to defraud the bank's customers at the Court of
52:
It then became apparent that various directors and former directors had taken substantial sums from the bank, though most of the directors in post at the time of the collapse had not done so.
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for
Glasgow, and Edward Mullins, a solicitor. After difficulties in raising the necessary capital, the bank was launched in 1849.
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The collapse gave rise to a new legislation tightening banking regulation, including the publication of
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as "an extraordinary example of the little trouble the public take to think for themselves".
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in 1849, that collapsed in 1856. This caused a scandal. The circumstances were described by
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convicted, remained in prison; the contrast with the treatment of the directors in the
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30:
25:
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166:"Company Fraud in Victorian Britain: The Royal British Bank Scandal of 1856"
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attended and sat on the bench next to the Lord Chief
Justice. The
76:
318:
964:
This United
Kingdom bank or insurance-related article is a
969:
305:, Monday, 1 March 1858; p. 9; Issue 22929; col B
311:, Monday, 5 July 1858; p. 5; Issue 22890; col F
908:
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797:
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547:
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1055:United Kingdom financial services company stubs
989:
330:
8:
1050:1856 disestablishments in the United Kingdom
392:Company of Merchant Adventurers to New Lands
244:(online ed.). Oxford University Press.
140:
138:
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323:
315:
1030:1849 establishments in the United Kingdom
387:Company of Merchant Adventurers of London
55:The eight surviving directors—among them
215:. Longmans Green and Co. 1859. pp.
749:Imperial Company of Trieste and Antwerp
241:Oxford Dictionary of National Biography
134:
159:
157:
155:
153:
71:. On the first day of the trial, the
7:
954:
952:
754:Imperial Privileged Oriental Company
1020:Defunct banks of the United Kingdom
968:. You can help Knowledge (XXG) by
900:Royal Greenland Trading Department
238:Parris, Henry. "MacGregor, John".
14:
576:Company of One Hundred Associates
84:collapse is perhaps instructive.
956:
932:
931:
817:Royal Company of the Philippines
565:Compagnie des Îles de l'Amérique
281:. Wiley-Blackwell. p. 170.
105:
704:Pernambuco and ParaĂba Company
674:Grão Pará and Maranhão Company
37:The bank's main founders were
1:
812:Guipuzcoan Company of Caracas
664:Cacheu and Cape Verde Company
372:British American Land Company
122:Royal British Bank v Turquand
1045:Banks disestablished in 1856
362:African Company of Merchants
258:UK public library membership
1015:1850s in the United Kingdom
614:Brandenburg African Company
407:Eastern Archipelago Company
377:British East Africa Company
275:Antonio, Robert J. (2003).
164:Taylor, James (June 2007).
1076:
951:
855:Swedish West India Company
840:Swedish East India Company
784:Compagnie van De Moucheron
537:Virginia Company of London
442:London and Bristol Company
24:bank, established under a
1025:Banks established in 1849
926:
895:Danish West India Company
890:Danish East India Company
807:Barcelona Trading Company
487:Royal West Indian Company
467:Providence Island Company
447:Massachusetts Bay Company
170:English Historical Review
918:Russian-American Company
774:Dutch West India Company
744:Dutch East India Company
507:South Australian Company
558:Compagnie de l'Occident
885:Danish Asiatic Company
873:Danish African Company
845:Swedish Levant Company
835:Swedish Africa Company
759:New Netherland Company
727:Australische Compagnie
250:10.1093/ref:odnb/17521
850:Swedish South Company
739:Brabantsche Compagnie
472:Royal African Company
57:Henry Dunning Macleod
634:West African Company
571:Company of Habitants
502:Somers Isles Company
497:Sierra Leone Company
492:South Africa Company
462:North Borneo Company
432:Hudson's Bay Company
212:Annual Register 1858
147:, 22 June 2013 p. 29
82:City of Glasgow Bank
43:Member of Parliament
1060:European bank stubs
779:Compagnie van Verre
764:Noordsche Compagnie
619:East Africa Company
586:Mississippi Company
482:Royal Niger Company
457:New Zealand Company
397:Company of Scotland
346:Chartered companies
689:Mozambique Company
669:East India Company
629:New Guinea Company
596:West India Company
581:East India Company
477:Royal British Bank
402:East India Company
278:Marx and Modernity
199:– via JSTOR.
182:10.1093/ehr/cem093
65:Lord Chief Justice
18:Royal British Bank
977:
976:
946:
945:
679:Company of Guinea
512:South Sea Company
422:Greenland Company
288:978-0-631-22550-8
256:(Subscription or
1067:
1035:1858 in case law
998:
991:
984:
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953:
935:
934:
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789:Veerse Compagnie
735:
694:Zambezia Company
660:
532:Plymouth Company
527:Virginia Company
412:Eastland Company
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176:(497): 700–724.
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517:Spanish Company
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367:Barbary Company
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20:was a British
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292:. Retrieved
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113:Banks portal
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36:
29:
17:
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730: [
655: [
63:before the
22:joint-stock
1009:Categories
644:Portuguese
260:required.)
129:References
309:The Times
303:The Times
294:29 August
145:Economist
937:Category
714:Austrian
195:21 April
99:See also
93:auditing
91:and the
910:Russian
827:Swedish
799:Spanish
354:British
223:2 March
190:4493899
865:Danish
606:German
549:French
285:
254:
188:
880:]
734:]
659:]
186:JSTOR
966:stub
652:List
296:2008
283:ISBN
225:2008
219:–339
197:2022
77:jury
41:, a
16:The
716:and
246:doi
217:330
178:doi
174:122
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878:da
732:fr
657:pt
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168:.
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298:.
252:.
248::
227:.
180::
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