CITY OF GLASGOW BANK COLLAPSE

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To say that the collapse of the City of Glasgow Bank was a disaster for Scotland is an understatement. Few, if any, of the families within the upper and middle classes in Scotland did not feel the effects of the collapse, if not within their immediate family circle, certainly through a close relative or friend. The directors of the bank were prosecuted and faith in financial institutions in Scotland was severally damaged. The only positive result of this disaster was increased pressure for limited liability to be more widespread, especially for institutions such as banks.

Alexander Williamson's shareholding \ liability with the City of Glasgow Bank

from the list published by the Otago Daily Times , 28 November 1878, Page 2

Complete list avalable on the web  HERE

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Alexander's shareholding holding of 650-00, would have made him liable for 17,875-00,

Ebenezer Hendry, Alexander's son-in law, was also caught in the City of Glasgow Bank collapse. He only held one  100 share which meant a liability of 2,750, still a substantial sum of money in those days.

Information on City of Glasgow Bank shareholders and their shareholding, plus other information, can be found within the pages of Volume 11 of the "Glasgow Scrapbooks" held in the Glasgow room of the Mitchell Library, with reference to Ebenezer Hendry on page 18. Further general information can be found within "A History of Scottish Banking".