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English-Overent , Gurney and Co. share 1 share for 50 Pounds Date 1865..-

English-Overent , Gurney and Co. share 1 share for 50 Pounds Date 1865..-

Meet the Seller

Location
London, Greater London, United Kingdom
Member For
5 Years 8 Months 13 Days
 
Notice from Seller

Hi--Free World Wide Postage on all banknotes --For Bonds +Sh add Postage---14 Day return policy --If not satisfied I will pay your return Postage --
Any Question contact me --Thanks --DD

BuyNow this Item
£15.00
Ship to United Kingdom = £3.00
Total = £18.00

Shipping Details

Domestic Shipping to United Kingdom
Royal Mail 1st Class Standard = £3.00
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    GREENPARK accepts payment via PayPal

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Auction ID : 57839533
Gallery Auction
  • Start Time
    Wed 30 Nov 2011 18:59:08 (BST)
  • Close Time
    Run Until Sold
  • Starting Bid
    Fixed Price (no bidding)
  • Condition
    Used
  • Bids
    0
  • Views
    126
  • Account Type
    Individual
  • Quantity
    1
  • Location
    United Kingdom
  • Auto Extend
    No
 
this item has 2 photos
Auction Description

              Size approx 8 inches by 6 inches---Embossed stamp of the Co.--

              The bank was formed in the year 1800---

              Many investors lost money---

              Similar to the Northern Rock episode recently in the UK ---However---
              

 

The directors of the company were tried at the Old Bailey for fraud based on false statements in the prospectus for the 1865 offering of shares. However, the Lord Chief Justice Sir Alexander Cockburn said that they were guilty only of "grave error" rather than criminal behaviour, and the jury acquitted them. The advisor was found to be guilty. Although some of the Gurneys lost their fortunes in the bank's collapse, the Norwich cousins succeeded in insulating themselves from the bank's problems, and the Gurney bank escaped significant damage to its business and reputation.


               
            Please check the scan carefully ---Item sold as is ---One only of these in stock ---What you see is what you get ---

              

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