• Code 060921-8

Dartmouth General Bank £1 1823.

One Pound,  19 April 1823.  No. 1013.  Issued by the Dartmouth General Bank. John Hine and Henry Joseph Holdsworth.  Hand-signed by John Hine.  The obverse printed in black. The reverse has a red and green guilloche pattern as both a decorative ornament and security device.  167 x 94mm.  Outing 639a.  The cream paper on which the bill was printed was produced locally by Mr Arthur Howe’s Warfleet paper mill.  A little crinkled, otherwise bright and F-GF, a nice example.

The bank was founded in 1808 by Charles Bulteel, a local merchant who set up his bank above the Kings Arms tavern. The trading hours of the bank were from 10 am until 4 pm.  Bulteel was fortunate to persuade the Holdsworth family to open an account in the name of their Dartmouth Corporation. This added credibility as the Dartmouth Corporation handled the business-related council operations. Soon, however, the bank had monetary problems, along with others in the area. By July 1810, in order to keep operating, the management had a partnership drawn up between John Hine, Arthur Holdsworth, and other family members. Henry Joseph Holdsworth, Arthur’s brother, actually worked in the bank until he died in June 1823, along with John Hine Senior until he died in March a year later. After Henry died, a financial inquiry into the bank’s undertakings revealed that the establishment was insolvent. The revelation perhaps precipitating the death of Mr Hine less than a week later.

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