[From Manx Soc Vol 17, Clay's Currency]
"There is nothing so obscure of which
time may not reveal some use; there is nothing so insignificant. or
so trifling, that may not ultimately prove of paramount
When found, make a note of."
ITH a view to render this work as extensively useful as possible, and to prevent loss of time to the reader, in making lengthy references to other sources of information, I have been induced to add all the documentary evidence that has fallen into my hands, by the assistance of my Island friends, bearing upon the principal subjects of this volume, which I trust will not be unacceptable to the inquirer. Before however, I give these several extracts in the order of their date, there are two circumstances that should. have been added to the body of the work, if they had been received in time.
(1) At page 50, it is stated (on the authority of Snelling), that John Murrey, the issuer of the penny of 1668, gave security to the Island authorities for the exchange of the issue when required, and which Snelling states he performed. But after the most rigid search in every place where such a document would in all likelihood have been placed, no such security can be found, which leaves it very doubtful if it were ever deposited.
The Act of Tynwald, however, which legalised the circulation of John Murrey's penny at the time when all other spurious coins were suppressed, points to the probability that some such security might have been offered, and perhaps accepted.
(2) Again, at the end of the list of " finds" of treasure trove, at page 44, I wish to add: In the year 1866 was found, in turning up a potato field at Lezayre, a shilling of William III., date 1698, in a moderate state of preservation, which is now in the possession of J. F. Crellin, Esq., of Orrysdale. The coin was found on the land of the farm called The Well.
The author is indebted to Paul Bridson, Esq., Honorary Secretary to the Manx Society, Douglas, for the following extract from an old octavo volume, " printed by Aaron Rhames for R. Owen, Bookseller, in Skinner Row, 1724," intituled " The Irish Historical Library," &c., by William, Lord Bishop of Derry, and dedicated to the Right Honourable William Conolly, Esq., Speaker of the House (Irish) of Commons. In chapter viii., " Of the Irish Coins and Medals," p. 156, we find the following, which is from an Irish MS., which has it in these words, ie.:
"The sorry remains (of Anlaf's army) put to sea and made for Dublin ; returning to Ireland in a shattered and shameful manner. Upon the whole, the reader is to judge for himself whether 'tis most likely that King Aulaf carried the several sorts of silver pennies (for several, three of which we have of them) in Ireland, and scattered them in England; or brought them with him from Northumberland, on his first arrival in Ireland. I will only beg leave to observe that on the piece now before me, there seems to be a cluster of three kingdoms not much unlike the three legs which we see on the modern farthings of the Isle of Man [? Manx farthings prior to 1724]; that the historians make Anlaf king of Ireland, Northumberland, and Multarum Insularum (of the Isles); and that the 'Manx Chronicle' [quoted in Sacheverell's 'Survey,' published by the Manx Society, vol. i.] acknowledges Syrach and " his son Goddart (whom I vehemently suspect to be the Northumbrian Sithric and Godfrid) to have reigned successively in this island (Isle of Man). Anlaf, indeed, they do not mention, being perhaps ashamed of him after his ignominious defeat. But as he succeeded to his father and brother in the petty throne of Northumberland, we may well conclude that he was also King of Man. The rather, because the 'Manx Chronicle' itself makes Olave (which is near akin to Anlaf) to be son to Goddart, and his successor on the throne. The greatest difficulty is, Olave was above an hundred years younger than Anlaf, allowing computation to be right on both sides. Is not this (however) the firmest ground whereon the the Manx tripos can stand?"
1803. The following Proclamation also ought to have been inserted after the Tynwald Act of 1646 (quoted pp. 71 to 74), The reader will excuse its insertion here :
"By the Governor-in-Chief
"Proclamation. Isle of Man, to wit,
Whereas by an Act of Tynwald passed in this Island in the year of our Lord 1616, and by other subsequent Acts, the Crime of making and uttering base or counterfeit Money is declared to be High Treason, and punishable with death. And whereas the circulation of such base or counterfeit Money hath of late increased in this Island to an alarming degree: Wherefore, and in order that none may plead ignorance of the existing Laws against the same, I do hereby Order, Direct, and Proclaim that the said Laws be strictly enforced and carried into execution; and that all Magistrates and other Officers, and all others His Majesty's subjects within and throughout this Island, do take Notice thereof, and govern themselves accordingly.
" God save the King. "
Given the 30th day of June, 1803." [T. Whittam, Printer.]
At this period there was a great depreciation of the silver coin in circulation.
The following extracts, prior to the year 1811, have been kindly contributed by J. C. Fargher, Esq., editor of Mona's Herald.
1804. " Notice. Whereas some persons have endeavoured to prejudice the minds of the public by insinuating that the small notes or cards of Five Shillings and Two Shillings and Sixpence each, which are issued by Messrs. Edward and James Moore, are intended to be, or might be, paid in Manx money, as the word British is not inserted thereon; the said Edward and James Moore think it necessary to assure the public in general, that such insinuations are false and malicious; and that they may rest perfectly satisfied of their small notes or cards being always paid by them on demand, in British or English money by gold or bank notes (as expressed on the cards), whether the word British may or not appear upon them in future. N.B. These small notes or cards are issued by E. and J. Moore entirely for the convenience of their own alum factory, having found much difficulty in obtaining small change that was passable, to pay their workpeople, owing to the great influx of counterfeit silver which has been brought to this Island within the last six months, and is well known to all persons in business. Douglas, 22nd December, 1804."
1806. " Notice. Mr. Kissack has of late understood, that a few persons in this town and its vicinity have been averse to take his notes; the public are therefore requested to observe that any person who is doubtful of their goodness will find them readily cashed or changed at our house. G. & S. CALLOW. Douglas,. 3rd Jan., 1806."
1806. " Caution. It is necessary that the public should be on their guard in receiving the small notes or cards now in circulation; as, we understand, several individuals, through inattention, have lately been imposed on, in Liverpool, with blanks, or cards unfilled up"
1806. "Douglas, 1st March, 1806. We do hereby give Notice, to all persons concerned, and the public in general, that we do not, from this day forward, hold ourselves account able to change, or give cash for, any of the notes of Mr. Wm. Kissack, in Ramsey ; and we do expunge and absolutely do away the validity of the Advertisement signed by us, in the Manx Advertiser, dated 3rd day of January last, G. & S. CALLOW."
1806. Advertisement. Having accidentally heard that there has been an attempt made by some fraudulent person or persons, to alter my Three Shilling Notes, which are in circulation, to Seven Shillings, I take the earliest opportunity of cautioning the public against taking any of my notes which may appear to exceed the sum of three shillings British, having never issued any above that amount. A handsome Reward will be given to any person who will give such information as may lead to a discovery of the aggressor, JAMES COSNAHAN. Lark Hill, July 9th, 1806.
1806. A letter, signed P., in the Dublin Evening Herald, of 8th August, 1806 (reprinted at length in the Manx Advertiser, August 23rd), speaking in strong terms of the Isle of Man as affording a sanctuary to fraud, concludes: I do not know whether the Evening Herald goes to the Isle of Man. If it should, this publication will probably be burnt by the hands of the arch-swindler, and the bodies of the proprietors hung in effigy and afterwards consumed, by broken bankers and undone three-and-fourpenny bankerlings, in an immense fire of their own protested notes, &c.
1806. Notice. Whereas, I have lately discovered a Forgery of my 5s. cards, the public are particularly cautioned to examine the signature, and requested to send in such cards as were actually signed by me, for immediate payment. EDW. GAWNE. Mount Gawne, 10th Sept., 1806.
1806. Sept. 13th: Murdoch, a pedlar, well known in the Island,was apprehended and committed to Castle Rushen on Monday last, there being found in his possession a number of forged £1 Bank of England notes, as well as forged 5s. cards of Mr. Edw. Gawne's, and a great number of counterfeit shillings, seven-shilling pieces, and half-guineas. A woman (his reputed wife) has also been taken into custody. Sample of the £1 notes forwarded to Bank of England for inspection.
1807. In Mr. Meredith's letter of January 10, 1807, explanatory of his conduct in his duel with Sir John B. Piers, occurs the following: "My leather letter case, which I had in one of my breeches pockets, which I make use of to carry the halfcrown tickets that are circulated in this island". This gives some idea of their extensive use as a circulating medium.
1807. An advertisement of William Maddrell's, of a quantity of porter for sale, concludes: N.B. Bank of Ireland notes taken from customers in payment.
1807. Caution. It is a well-known fact, that a quantity of base silver and seven shilling pieces are now in circulation. Strong suspicion attaches to a certain person who has lately been off the Isle, and who had been some time ago apprehended for passing base silver, and forged cards or small notes. When such offenders can escape with impunity, a repetition of the offence is not to be wondered at; it is, however, the more necessary for the public to be upon their guard. July 4,1807.
About this date two men were whipped in every town in the Island for forging Llewellyn's notes. Wallace, a fifer in the Fencibles, was the whipper. This punishment was a common one at the time for different offences.
1807. Notice. Whereas several Forgeries on my Notes have been circulated by means of pasting blue paper on the back of those forged notes formerly circulated, and forging thereon the names of John Moore and Thomas Gawne ; the public are hereby cautioned against. taking the notes so indorsed in future; and the holders of my notes are requested to send them in immediately for payment. EDW. GAWNE.Mount Gawne, 30th July, 1807.
1808. In the newspaper from which the foregoing advertisement is extracted, there is a notice of dissolution of partnership of the firm of Taubman & Quayle, Isle of Man Bank.
1808. "Notice. Mr. Llewellyn begs to inform the public that in the present dearth of good silver coin, he proposes and intends issuing small bank notes, similar in some respects to the notes at present in circulation in the Island, but differing from them all in one material respect. In order to insure credit to his notes, and safety to the public, he has lodged upon record in the Rolls Office. undeniable security for payment of the notes which he intends to issue, to the full amount and extent thereof. Castletown, 7th July, 1808," This is important, as showing when security. was first lodged for issuing notes. The author is of opinion that a copy of the legal documents (numbered respectively 1, 2, 3) for effecting this security will not be unacceptable to the reader: they are as follows
1. This Indenture made the eighth day of July, in the year of our Lord One thousand eight hundred and eight, between John Llewellyn, of Castletown, advocate, of the one part, and Robert Watson and Robert Kelly, both of Castletown aforesaid, advocates, of the other part: Whereas in the present dearth of good silver coin, the said John Llewellyn proposes and intends to issue notes for payment of small sums C(of money, to be entitled 'Castletown Bank Notes,' to the amount of One thousand Pounds British, and no more ; and the said John Llewellyn being desirous that payment of the said notes should be secured in the most ample manner for the satisfaction of the public, did pass his Bond and Security to the said Robert Watson and Robert Kelly, of equal date with these presents, for securing the payment of the said sum. of One thousand Pounds, as by the said Bond and Security may more fully appear: Now this Indenture witnesseth, and it is hereby agreed upon and declared by and between the said John Llewellyn and the said Robert Watson and Robert Kelly, that the said Bond and Security passed by the said John Llewellyn to them the said Robert Watson and Robert Kelly for One thousand Pounds, and bearing equal date with these presents as aforesaid, hath been and is so passed to them the said Robert Watson and Robert Kelly in Trust for the better securing payment of the said notes so to be issued by the said John Llewellyn to the holder or holders of the same: And this Indenture witnesseth and the said Robert Watson and Robert Kelly do hereby jointly and severally covenant, promise, and engage, that they the said Robert Watson and Robert Kelly and the survivor of them and the executors and administrators of such survivor, shall and will when and if occasion shall require, take the most speedy and effectual steps either at law or in equity for giving operation and efficacy to the said Bond and Security for the use, benefit, and behoof of the holder or holders of such notes as aforesaid, according to the trusts, true intent and meaning of the same as hereinbefore mentioned: Provided always, and it is clearly to be understood, that the said Trustees are to be indemnified in the first instance from and out of the Trust Estate for such costs and charges as they shall be necessarily put to in the execution of this Trust; but that nothing herein contained shall prevent or hinder the holder or holders of such notes as aforesaid from having recourse against the person or effects or any other property of the said John Llewellyn for recovery of the amount of the same. And this Indenture further witnesseth, and the said John Llewellyn doth hereby covenant, promise, and engage not to issue such notes as aforesaid to a greater extent or amount than the said sum of One thousand pounds on any pretence whatsoever. In witness whereof the parties aforesaid have hereunto interchangably set and put their hands and seals the day and year first within written.
JOHN LLEWELLYN. (L.S.)
ROBERT WATSON. (L.S.)
ROBERT KELLY. (L.S.)
Signed, sealed, and delivered in the presence of Matt. Summers, Jno. Johnson, junr.
At Castletown, the 18th July, 1808, John Llewellyn, Robert Watson, and Robert Kelly, the. executing parties to the before written Indenture, acknowledged the same to be their proper act and deed. Before me, JOHN LACE. At a Court of Common Law, holden in Ramsey, the 1Stb October, 1808, the before written Indenture having been acknowleged before a Deemster, and now openly published in this Court, and no objection being offered against it, the same is therefore, at the instance of the parties, ordered to be recorded.
JOHN F. CRELLIN.
2. Know all Men by these Presents: That I, John Llewellyn, of the town of Castletown, advocate, do own and acknowledge to be and stand justly indebted unto Robert Watson and Robert Kelly, both of the said town of Castletown, advocates, in the sum of One Thousand Pounds lawful British currency: To the payment whereof well and truly to be made unto the said Robert Watson and Robert Kelly and the survivor of them, and the executors or administrators of such survivor, I bind and oblige myself, my heirs, executors, and administrators, in and under the penalty hereinafter mentioned; and for the better security of the said Robert Watson and Robert Kelly in the repayment of the said sum of One Thousand Pounds British, further know ye that I the said John Llewellyn have given, granted, transferred, and assigned in security, and by these presents do give, grant, transfer, and assign in security unto them the said Robert Watson and Robert Kelly, and the survivor of them, and the executors and administrators of such survivor, all,and singular mY share, right, and title of, in, and unto that Estate of Lands situate in the parish of Kirk Christ Lezayre, called Close Chairn, and bounded on the east by another part of the said estate belonging to Daniel Tellet, Esquire, and on the west by the Honourable Deemster Crellin's right of and in a share of the said estate of Close Chairn, to have and to hold unto them the said Robert Watson and Robert Kelly and the survivor of them, and the executors or administrators of such survivor, the premises aforesaid, with all ways, waters, watercourses, easemEnts, liberties, rights, members, and appurtenances to the same belonging, until the said sum of One Thousand Pounds British be fully paid and satisfied: And for performance hereof I the said John Llewellyn do bind and oblige myself, my heirs, executors, and administrators, in and under the penalty and forfeiture of Two Thousand Pounds currency as aforesaid, to be levied and paid according to law. Witness my hand and seal the eighth day of July,
One thousand eight hundred and eight.
JOHN LLEWELLYN. (L.S,) Signed and delivered in the presence of Matt. Summers, Jno. Johnson, junr.
At a Court of Common Law holden in Ramsey, for the Northern District of this Island, the 18th October, 1808, the before written Bond and Security having been acknowledged before a Deemster and now openly published in this Court, and, no objection being offered against it, the same is therefore, at the instance of . the Mortgagees, ordered to be recorded. JOHN F. CRELLIN.
3. " Rolls Office, 26th November, 1817: Cancelled by virtue of the annexed receipt, by THOS. STOWELL.
Whereas, John Llewellyn, of Castletown, Esquire, did by Bond and Security by him duly made and executed, and bearing date the 8th day of July, 1808, own and acknowledge himself to be and stand indebted unto Robert Kelly and Robert Watson in the sum of One Thousand Pounds British, and for securing the payment thereof, the said John Llewellyn assigned and passed over in security unto the said Robert Kelly and Robert Watson and the survivor of them, and the executors or administrators of such survivor, all and singular his right, share, and title of, in, and unto that Estate of Lands situate in the parish of Lezayre, called Close Chairn, bounded and described as in the said Bond mentioned. And whereas, by Indenture bearing equal date with the said Bond and Security made and executed betyeen the said John Llewellyn of the one part, and the said Robert Kelly and Robert Watson of the other part, it is in and by the said Indenture agreed and declared that the said John Llewellyn meant and intended to issue notes for payment of small sums of money to the amount of One thousand pounds British and no more, and that the object of the said Bond and Security was to secure to the holder or holders of. the said notes the payment of the same, as by reference to the said Bond and Security may more fully and at large appear. And whereas the said John Llewellyn has ceased to issue notes, and he has taken up the notes by him so issued, save some trifling sums which have not yet come in for payment;, And whereas there is no further occasion for the existence of the said Bond and Security, be it known therefore unto all men that I Robert Kelly, the surviving Mortgagee, do therefore hereby cancel the said Bond and Security dated the 8th day of July, 1808, upon record As Witness.my hand this 10th day of January, 1817. ROBERT KELLY.
Witnesses: Wm. Kewley, Thos. Christian.
At Castletown, the 17th January, 1817: The said Robert Kelly acknowleged the before written Receipt and Discharge to be his proper act and deed Before me, THOS. GAWNE.
1808-9. The year 1808 was remarkable for the great number of persons who issued card notes in the Island; and the following year was equally remarkable for the number and extent of forged card notes then in circulation. About this time Irish pieces for fourpence and tenpence were often met with in the Island.
1809. In the Manx Advertiser, under date of February 18, 1809, appears the following advertisement, offering a reward of twenty guineas for the discovery of the forgers of Edward and James Moore's five-shilling notes issued in the year 1804: whereas a Forgery has lately been discovered on the Five Shilling Notes or Tickets, issued by Messrs. Edw. and Jas. Moore, of Douglas, in the year 1804, (for the convenience of their general Linen Manufactory through, the Island,) at which time small Change or any other Substitute could not be obtained: They hereby offer a Reward of Twenty Guineas to any Person or Persons who will communicate to them such Information as may lead to a Conviction of the Offender or Offenders, with an Assurance of their Names being kept secret. The following is a Description of the Forged Notes, so as to distinguish them from the Real or good Notes : They appear to be principally executed with a pen, and if there is merit in villainy, such they do possess from Falsity imitating Truth, and bearing a strong Resemblance in Parts. In the Words 'Payable to the Bearer on Demand,' the Forgeries which have appeared are all cracked purposely through that part, as if by accident. The, Signature of 'Edw. ,Moore' is much worse written, and begun further from the small circle of '5s. British than in the*real. The Pink Colour, or Red, on the back of the Notes is much paler; and the Circle on the Back, which should contain around it 24 Points, as on the Copper-Plate, is irregular in the Forgeries containing in some 25, 26, 27, and in others 28 Points. Several of the Numbers are such as Edw. and Jas. Moore have never issued. . Strong Suspicions are entertained, in a certain ingenious Quarter, where there is a good Penman; and, with Attention to the foregoing Remarks, it is fully expected that the Villain or Villains will be discovered. As it is probable that many Individuals are now in Possession of some of the Five Shilling forged Notes, and have taken them as real, on the Stability and Credit of Edw. and Jas.. Moore, it is their Determination and Wish to prevent such Individuals from sustaining any Loss. They do, therefore, hereby request, that all their Notes or Tickets of Five Shillings each, may be sent in for immediate Payment, within Seven Days of this Date; and all Persons of good Character who can prove satisfactorily that they have really taken such forged Notes in Payment, shall receive the Amount of them in Gold, Silver, or Bank Notes, on Demand; but after the said Seven Days' Notice, no forged Notes will be paid by them on any Account. And for the further Accommodation of those who may live distant from Douglas, Attendance (for the Payment of the aforesaid Notes) will be given, on Wednsday next the 22rid inst., at Downes's Inn, Castletown; on the next Day, Thursday the 23rd, at Long's, Peel; and the following Day, Friday the 24th, at Smith's, Ramsey; from One o'clock.till Four. Their Notes of Two Shillings and Sixpence each, are entitled to the usual Confidence of the Public; no Attempts at Forgery having, appeared against them. N.B. Printed Advertisements, to the above Purport, will this day be circulated through all Parts of the Island, and every Exertion used to discover the Offender or Offenders. Douglas, Feb. 18, 1809.
1809. James Banks begs leave to inform the public that his Card Notes are cashed as usual at his office in Douglas. The unfair attempt to injure him by exciting a Run,. which must occasionally be productive of temporary inconvenience, even to the most solvent issuer of Notes, seems altogether (upon the best information he can procure) to have originated in a monopolizing-principle, highly discreditable in any, but particularly so when done with a view to depress one name merely for the purpose of personal convenience by the issuer of another, upon whom the public certainly have no better security.J. B. begs to observe that his Relatives in this country are numerous and respectable: that they have come forward, and are ever ready to support his credit, when necessary, against any illiberal attacks from whatever quarter they may arise, as has been already sufficiently shown in the present instance, by the quantity of his notes that has been duly discharged since Saturday last. And he pledges himself still to preserve that faith with the public, which, however unkindly or interestedly defamed, be'is happy to say has never yet been broken. Douglas, 16th June, 1809.
1809. Forgery. Whereas it has been discovered that the Five Shilling Notes or Cards of Mr. William Kissack have been forged, and that several such forgeries are now in circulation, Notice is hereby given, that any person or persons giving information to the said Wm. Kissack against the Forger or the Issuer of such forged Notes or Cards, so as that they may be prosecuted to conviction, shall receive Five Pounds Reward. And the holders of such Forged Notes or Cards, or of the Real Notes or Cards, of Mr. Kissack, are hereby requested to take Notice that the same will be taken up and cashed by the said William Kissack at Ramsey; Mr. Robert Cannell, of Douglas; Mr. William Kelly, of Castletown; and Mr. Hugh Clucas, High Bailiff of Peel Town ; provided they be forthwith brought in: Provided also, that the person or persons so bringing in such forged Notes or Cards will faithfully account for the manner in which they received, and (if possible) the person from whom they received them; under a hope that such account may lead to a discovery of the offenders. Ramsey, 25th Sept., 1809.
1809. Dublin Bank Notes, and Bank of Ireland Silver Tokens will be exchanged, and approved Notes or Acceptances of Douglas, at short dates, will be discounted at Nd. 2, Thomas Street, Douglas, from 11 to 12 of every day. Nov. 25, 1809.
1810. In the Manx Advertizer, of June 23rd, 1810, under the heading of local news, it is recorded that on the preceding Sunday, a man of the name of Jackson (one of the passengers who had arrived at Douglas in the Duchess) was seized by two constables, on his landing, who took from him a parcel containing a number of. five-shilling card notes, to the amount of several hundred pounds, payable at, the offices of Mr. Peter Moore, Douglas, and Mr. Edward Gawne, Mount Gawne. The cards not being signed, Jackson was suffered to go at large, and it is understood be is still in the Island.
1810. In the same paper, of the date of October 13th, we have the following: Murdoch and his wife (two notorious dealers in base money) wore detected at Castletown on Tuesday night, with a quantity of. bad silver coinage, &c., with which they had just arrived from England. We hear they are in custody.
The author is indebted to the kindness of R. J. Moore, Esq., M.H.K., High Bailiff of, Peel, for the principal part of the following collection of extracts from Manx newspapers; he also feels how much they will enhance the value, and add to the interest of this volume.
1811. Notice is hereby given, that a Forgery has been just discovered, made like my One Shilling Notes; the Public are therefore requested to take my Notes no more, to prevent further imposition. but to bring to me all my genuine Notes immediately, as no more will be issued by. me. The forged Notes already detected have that part on which the Name (Wm. Kissack) is in Writing so dirtied and rubbed, that no Writing is visible; and the Word 'upon,' preceding the Word 'London' on the Back, is nearly twice as large as it is in the genuine Notes. WM. KISSACK. Ramsey, 9th Jan., 1811.
" Five Guineas Reward. Some evil-disposed person having
been the Means of circulating a Report, stating that I had refused
Payment of my Card Notes I hereby offer a Reward of
Five Guineas to any one who will give such information as may lead to
a discovery of the slanderer; and a further Reward of Five Guineas to
any person who can prove that Payment of them has been refused, in
any one instance, either by myself or those officiating for me, or
that it has at any time been necessary to make a second application.
Douglas, April 10, 1811.
1811. Caution to the Public; A Forgery having been committed upon the Shilling Notes of Thos. Corlett, the Public are hereby desired to take no more of them, but to send in what they have for immediate payment. Douglas, April 6, 1811.
1811. Forgery. Whereas, a Forgery has lately been discovered on the Half-Crown Notes or Tickets of Edw. Forbes, of Douglas: It is hereby requested that the Holders of any of the Half-Crown Notes or Tickets of Edw. Forbes, or Edw. Forbes and Son, may send them in immediately for Payment. And as it is possible that many Individuals are now in Possession of some of the Forged Half-Crown Notes or Tickets, and have taken the same on the credit of Edw. Forbes, it is their determination and wish to prevent such individuals from sustaining any loss. They do hereby give Notice, that all Persons of good Character, who can prove satisfactorily that they have taken such Forged Notes in Payment, shall receive the amount of the same on Demandi within five days from the date hereof; but that after the said five days have expired, no Forged Notes will be paid on any account. Douglas, May 3, 1811.
18 11. Forgery. Whereas, a Forgery has lately been discovered on the Five Shilling Notes of Peter Moore, of Douglas; it is hereby requested that the Holders of any of the Five Shilling Notes may send them in immediately for Payment. And as it is possible that many Individuals are now in possessidn of some of the forged Five Shilling Notes, and have taken the same on the Credit of Peter Moore, it is his Determination and Wish to prevent such Individuals from sustaining any loss. Notice is therefore hereby given, that all Persons who can satisfactorily prove that they have taken such forged Notes in Payment, shall receive the Amount of the same on Demand, within Five Days from the Date hereof. but at the Expiration of that Time, no forged Notes will be paid on any Account. Douglas, May 3, 1811.
1811. In the month of November in this year a new bank was opened in Douglas, under the firm of Littler, Dove, & Co. Its claims on the public confidence were set forth in the following advertisement.,
To counteract the Effects of many false Reports which have been circulated respecting the Plans and Intentions of the Douglas Bank Company, they feel it a duty they owe themselves and the Public todeclare their Readiness to meet their Tokens to any. Amount above Twenty Pounds by Bills upon London, at the usual Exchange of the Island. Under that Sum they propose to issue their own Notes, but as they are not quite in Readiness, they are prepared with Notes and Cards current in the. Island. The Office of the Bank is at present in Fort Street, until the House they have taken.of Messrs. Callows, in Duke Street, be finished. They have no other Office in Town. LITTLER, DOVE, & Co. Douglas, Nov. 29th, 181l.
1812. It appears that disputes very soon. arose between the members of the new banking firm of Littler, J Dove, & Co. The firm consisted of William Scarlett Littler, James Dove, and the Rev. Robert Littler. The latter being about to leave the Island, his partner James Dove sued out an action against him for £1,000, under which he was arrested, and imprisoned. This led to the adoption of proceedings in the Chancery Court, on the part of the Rev. Robert Littler, against Dove, and which came before the Court on the 3rd January, 1812, when the arrest was set aside. The consequence was that the banking establishment was brought to an abrupt close.
1812. We are informed by an Island.newspaper of the 5th September of this year, that on the 2nd of that month, Thomas Young, of Kirk Bride, was tried at Ramsey, before Deemster Norris Moore and a.special jury, for passing and uttering forged or counterfeit five shilling cards, purporting to be the cards of John Moore, Esq., of Peel (afterwards of The Hills). After a lengthened investigation, the jury found the prisoner guilty. On the following day his Honour the Deemster delivered judgment, sentencing the prisoner to be confined in Castle Rushen for six months, pay a fine of £50, and on the Saturday after his imprisonment had expired to be brought to Ramsey Cross, and there receive one hundred lashes.
1812. The English guinea was worth in the Isle of Man from 27s. to 30s. ; so that it was of great advantage to the issuers of card notes that the intimation the change to be paid in by the bearer was attended to.
1814. Dissolution of Partnership. The Engagement and Connection in Business between Messrs. Edward and James Moore, of Douglas, as Partners in the Banking, and Linen Manufactory Business, having expired on the Ist of July last, the said Partnership, from that Period, is Dissolved by mutual Consent. The Banking and Manufacturing Business being now divided, will be in future carried on under separate and distinct Firms, The 2s. 6d. and 5s. Tickets, and also the Notes for One Guinea each, will continue to be received at the Office of Edward Moore and Company, as usual; for Bills upon London, or exchanged for other Notes. See the Advertisment.
Douglas, Aug. 20, 1814.
1811. To the Public. From an Increase in the Bill, and General Banking Concerns, Mr. Edward Moore has entered into a Connection in that Business with Mr Ben. Starey, of London a Gentleman whose respectability is well known in the Mercantile world, and with whom Messrs, Edward and James Moore have kept a cash account for above twenty years . This Business will in future be conducted under the Firm of Messrs. Edw. Moore and Company. The small and large Notes of Edward and James Moore will be Received and Exchanged as usual, for other Notes, or Bills on London, at the Office of the above. EDWARD MOORE & Co. Douglas, August 20, 1814.
1814. To the Public. All Holders of Five Shillings, Two Shillings and Sixpence, and One Shilling Cards, issued by the late John Beatson, of Douglas, are requested to inform the Executors in Trust to what amount they have in their hands, as no more at present are to be taken in by Mr. George Copeland. Douglas, lst Sept.,. 1814.
1815. Caution. The Inhabitants of the Island are requested to examine particularly the different Card Notes they may receive, as several Forgeries are now in circulation; and I have positive information of there being several Forgeries on different Card Issuing Banks, imported from Birmingham~ now ready for circulation. THOMAS GAWNE. Douglas, 18th August, 1815. [Thomas Gawne was High Bailiff of Douglas at this time, and this notice is given by him in his official capacity, no doubt.]
1815. Douglas, August 18th, 1815. At a meeting of the subscribers hereunto annexed, convened for the purpose of considering the circulation of Card and other Notes in this Island; William Banks in the Chair :
It was unanimously resolved~That the present circulation of Insular Notes (particularly Card Notes) has increased to an alarming degree; it is very inconvenient to the honest trader; unsafe to the public at large; and demands some immediate check to the progress of this growing evil
Resolved That no Insular Card Notes (excepting those of the Isle of Man Bank) [? George Quayle, Cotteen, and Lightfoot, Castletown] shall be received by any of us in payment, unless the drawers of such Notes will appoint Agents, resident in Douglas, who will keep regular daily hours, from ten to two of the clock, to commence the first Monday in September, (of which they are required to give public Notice,) and immediately exchange such Card Notes, when called upon for that purpose, by giving an, equal sum in such One Pound, or Guinea Notes, as may be approved of by the person tendering the Card Notes.
Resolved That Mr. H Leeson, Mr. J. Quayle, Mr. Alex. Cornack, Mr. Thomas Cubbin, and Mr. John Clark, be appointed a Committee (any three of whom to be a Quorum) to meet every Monday evening. at seven o'clock, at the house of Mr. Henry Roberts, to receive all complaints against the Drawers of such Notes, not complying with the above conditions, that the Public may be immediately informed thereof, by a Notice in the Manx Advertiser, and that all such Notes should be afterwards refused.
1815. Notice. At a Meeting held at the George Inn, Castletown, pursuant to Public Notice of the Persons whose Names are hereunto subscribed, the 31st August, 1815, Robert Kelly, Esq., the High Bailiff, in the Chair:
It was unanimously Resolved, That in consequence of the present circulation of Insular Notes, (particularly Card Notes,) having increased to such an alarming degree, and it having already proved very inconvenient to the honest Trader, as well as unsafe to the Public at large, that the same does now demand an immediate cheek to the progress of such a growing evil.
It is therefore Resolved, That no Card Notes, excepting those of the Isle of Man Bank, shall be received by any of us in payment, unless the Drawers of such Notes do attend, or appoint Agents to attend, at a convenient fixed place, in Castletown,, on every Wednesday, from ten o'clock in the forenoon till two o'clock in the afternoon, to commence upon Wednesday the 20th September, 1815, of which Public Notice is requested, to be given of the place of their attendance, and immediately exchange su eh Card Notes, when called upon for that purpose, by giving an equal sum in such Pound or Guinea Notes as may be approved of by the holders of such Cards.
Resolved, ,That the foregoing Resolutions shall not preclude any of the undermentioned Subscribers in waiting upon any Card Issuers, on any intermediate day, to have Cards exchanged, in terms of the first Resolution.
Resolved, That Messrs. Robert Cuninghame, William Callow, William Killey, Matthew Harrison, and John Duff, be appointed a Committee (any three of whom to form a Quorum) to see the foregoing Resolutions carried into effect, inasmuch as they shall publish, through the medium of the Manx Advertiser, the Issuers of such Cards as shall not comply with the terms of the foregoing Resolutions, and that all such Notes shall thenceafter be refused. .
Resolved, That the foregoing Resolutions shall receive the utmost publicity,. by being inserted in the Manx Advertiser, and also by being circulated in Handbills.
N.B. The original copy of the foregoing Resolutions is still in the.hands of the Committee for signatures.
1815. To the Inhabitants of Douglas. The High Bailiff requests a Meeting of the Merchants, Traders, and Dealers in the said Town of Douglas, at the Court Room, on Friday next, at eleven o'clock in the forenoon, to take into consideration such measures as may lead to the Suppression of the numbers of Card Notes now in circulation ; or for the better regulating the same, and rendering them less inconvenient.
THOMAS GAWNE, High Bailiff.
Douglas, 12th September, 1815.
1815. "Union Mills, 12th Sept., 1815. The Merchants, Shopkeepers, and Tradesmen of Douglas are hereby informed, that Mr. Francis Goodair, Duke Street, is appointed my Agent in the said town, to receive and exchange my Cards.
Caution. There having been a Forgery lately discovered on my Five Shilling Cards, I deem it necessary to caution the public against receiving such forged Cards, which may easily be detected, on the slightest examination: the Plate is badly executed, And the Name very ill written. W. K.
1815. To the Inhabitants of Douglas. The High Bailiff requests a Meeting of the Inhabitants of this Town, at the Court House, on Friday next, at eleven o'clock in the forenoon, to take into consideration the propriety of petitioning the Legislature, praying that some Regulations may be adopted relative to the Card Notes now in circulation in this Island. Also, Proposals for a Subscription to procure Stores for. the supply of Mortars and Apparatus, on Captain Manby's Plan, for saving the lives of Shipwrecked Persons, which Government proposes to furnish; and for the furnishing of Shipwrecked Mariners with clothes and necessaries, to enable them to return home. THOMAS GAWNE. Douglas, 17th Oct., 1815.
1815. Under date of November 2nd, we are informed that on the previous Saturday a man and his wife were detected in Douglas, issuing forged five-shilling card notes on the Isle of' Man Bank, and were committed to Castle Rushen to take their trial for the offence.
1815. We are also informed, under the date of November 23rd, that in consequence of petitions from all parts of the Island, a meeting of the Lieutenant-Governor and Council took place at Castle Rushen on the preceding Thursday, for the purpose of taking into consideration the expediency of adopting measures for either regulating or suppressing the issue. and circulation of small notes and cards in the Island; when it was unanimously resolved, that it was expedient that measures be taken. either for the suppressing, or for the restricting and regulating of the issue and circulation of such small notes and cards. It was also resolved that a Tynwald Court be holden at Castle Rushen, on Friday the 1st of December next, for the purpose of considering and adopting such measures respecting the said notes and cards, as may be judged most expedient. and beneficial to the public.
1815. .Notice. The holders of the Notes of Messrs. Holmes are, respectfully informed, that during the absence of Mr. James Holmes from this Island, their Notes will be paid at the office of Mr. Robert Murray, Duke Street; and at their Office in Liverpool, as usual. Douglas, 14th Decem., 1815.
1816. Notice to the Public. I, William Joughin, coroner, of Ayre Sheading, do hereby promise and engage to receive Mr. John Bowstead's Notes in payment from the public on account of executions, or any other payment whatever. WILLIAM JOUGHIN, Coroner of Ayre. Lezayre, Jan. 23,
1816. Notice to the Public. Whereas, I, William Joughin, Coroner of Ayre Sheading, did some time since undertake to accept of the Notes of Mr. John Bowstead, Banker, in payment for Executions in my Lands, and all other payments; I do now decline accepting of the same in future on the foregoing accounts. WILLIAM JOUGHIN, Coroner of Ayre Sheading. February 28th, 1816.
1816. 29th February, 1816. To the Public: Whereas, William Joughin, Coroner of Ayre Sheading, did, in contradiction to my desire, cause a Notice,.dated January 27, 1816, to be inserted in the Isle of Man Weekly Gazette, and from thence continued to this day, whereby the said Wm. Joughin engages to receive my notes in payment from the Public, on 'account of Executions, or any other payment whatsoever.' And whereas, I have this day been informed, that the said William Joughin did direct a further Notice, to a contrary effect to be inserted in the said Weekly Gazette, which lastmentioned Notice I do conceive to have been the effect of malice towards me, for some friendly interference of mine in a private transaction, which shall be hereafter noticed, and not the result of any want of punctuality on my part, in the regular discharge of all demands upon me, either as an Issuer of Card Notes, or otherwise however. Now I do hereby caution the public against receiving any unfavourable impression as to my character and stability by reason of the aforesaid unwarrantable Notices; and I do hereby declare, that should any special damage accrue to me by reason of the aforesaid malicious conduct of the said William Joughin, I shall in the most effectual manner bring the same before the proper Courts of this Island for redress. Dated this 28th day of February, 1816, at Brawse, Kirk Andreas. JOHN BOWSTEAD . N.B. All demands on John Bowstead will be met with the same punctuality and correctness, as has hitherto attended all his money transactions in this country.
1816. Card Notes. The Inhabitants of Douglas are hereby requested to take notice, that on the 7th day of each month, (beginning on the 7th of April next,) I will attend at the house of Matthias Cain, Sand Street, Douglas, to exchange such of my Card Notes as may be tendered for payment.WILLIAM JOUGHIN. Kirk Andreas, March 7th, 1816.
1816. Notice. Coroners, Lockmen, Constables, and whom it may concern, are requested to take notice, that I have determined from henceforth not to receive in payments any of the Insular Paper or Notes at present in circulation, except those of George Quayle and Co., James Holmes and Co., Edward Forbes, John Spittall and Co., and Edward Gawne, they being the only Issuers of Notes who, I understand, draw Bills upon London. ROBERT CUNINGAME, Advocate. and Agent. Castletown, March 11, 1816. R. C. has at all times a quantity of parchments and paper. suited for engrossing Deeds and Conveyances of all.descriptions, and his friends may be certain to find that branch of his professional business conducted at his office with accuracy and dispatch. Hours of attendance from 10 to 4 each week day.
1816. The following suggestions for the formation of a chartered Bank, were addressed to the editor of the Isle of Man Weekly Gazette, by.a correspondent signing himself C. D., and appeared in that journal of April 11th, 1816
Proposals for establishing a Chartered or Island Bank, at Douglas, in the Isle of Man.
Capital to. be £50,000 sterling, in shares of £25
£25,000 to be advanced at the opening of the Bank, and the remainder twelve months after.
But in case the Governor and Directors shall be of opinion at that time,. that it will be advisable to postpone such.increase of. capital, or to take in subscribers for a less sum, they shall, with the consent of the Governor, or Lieutenant-Governor, be at liberty to do so; but whatever increase shall take place shall be at the best market price, and the profit on such shares, if any , shall go to the Bank.
To be under the management of a Governor and six Directors, to be chosen by a majority of a Court of Proprietors, and vote,. to be counted by the number of shares.
Governor to be elected for two years, and to be capable of re-election.
One half of the Directors to go out annually, and not to be capable of re-election during the succeeding twelve months. The first threeto go out by ballot.
Governors and Directors to have salaries to be settled twelve months after the opening of the Bank, and confirmed by a Court of Proprietors, and then to be considered as standing salaries until altered by a similar court.
The reason for.postponing the fixing of salaries for twelve months is, that the Governor and Directors ought to be paid according to the trouble required from them, and the ability of the Bank, and until that time it cannot be known to what extent the business of the Bank will be carried.
Qualifications for the Governor and Directors to be twenty shares each.
Two Directors to attend for two hours every morning, viz., from twelve until two o'clock, to settle what Bills shall be discounted, and to give advice, in other matters.
A Court of Directors to be held the first Monday in every month.
Four Directors to constitute a Court, and the Governor, in case the votes be equal, to have the casting one.
All Clerks to be, appointed and discharged and their salaries fixed by the Governor and Directors.
Security to be given by them, and embezzlement by them to be punished with transportation for life.
A book to be kept, wherein is to be entered the Proprietors Names, with the amount of their Stock,
Stock to be transferable at the Bank every Tuesday and Friday in each week, in like manner as practised by the Bank of England.
No person to subscribe for more than twenty shares in the first instance, but to be capable of holding more by purchase, or descent; and in case the subscription be not filled up in three months, the subscribers may set down their names for the remainder.
When the subscription is full, application to be made for an Act of Tynwald to charter the Company.
No greater dividend than seven per cent to be made for the first seven years, and afterwards to be at the discretion of a Court of Directors.
Governor and Directors to have a power to fix on a place and to purchase ground, or buildings, for the erection of the Bank; also to agree with an Architect for building the same, at an expence in the whole not exceeding £1,500; and in case the parties cannot agree, a jury to settle the value between them, and to rent premises in the mean tinie.
Property of the Bank to be employed in dealing in Gold and Silver, Government Securities, discounting of Bills, and in advances to Customers, at the discretion of a Court of Directors; personal Securities, and on Land, may be taken for advances.
Bank to issue Notes of any amount not exceeding £50 each;
Cards for 5s., 2s. 6d., and ls. each; and also to be at liberty to
issue Silver Tokens of any value from one to five shillings British;
which Notes and Tokens shall be considered as legal tenders in all
payments within the Isle.
Credit may be opened with the Bank of England, and any other London Banking Company; as also with Dublin, Liverpool, and Whitehaven, at the discretion of the Governor and a Court of Directom
Property in Stock not to be attachable for debts.
When an Act is obtained, notice to be given in the Manks and any other Papers, and the subscription to be paid in one month after; the whole to.be paid in English Bank Notes, or Drafts upon England, at periods not exceeding two months; and the discount on such Bills at £6 per cent. to be paid by the subscribers, or added to the Bills: in case such Drafts shall not be on London, the additional expence of realising the amount there to be paid by such Drawers, and such Stock not to be transferable until such time as such Drafts be paid.
The Governor and Directors shall cause a regular cast up to be made of the effects of the Bank at the expiration of every year.
They shall. also at all times be liable to render such an account of their situation to the Governor, or Lieut.-Governor, of the Island, as may enable him to make a report on their solvency to the House of Keys whenever required by them; which report shall be published or not at their discretion.
Bank to have a power of subscribing to every Government Loan to an amount not exceeding £ sterlinu,, at the discretion of the Governor and Court of Directors.
Forging the Notes of the Bank for £1 and upwards, to be made a capital offence ; and counterfeiting or forging Tokens or Cards transportation for life, or for any term of years not less than seven, at the Court's discretion.
It is not intended by this Establishment to suppress other Banks; as every person shall be at liberty to try his own credit with the country.
No person to be answerable for the debts of the Bank beyond the amount of his subscription, or the shares he may hold.
The responsibility of the Governor and Directors to be the same as the Governor and Directors of the Bank of England are liable to.
The Governor of the Bank for the time being to have the power of instituting and prosecuting all actions which may be necessary to enforce the payment of subscriptions, or other monies, or property, to which the Bank may have claim; and in the event of a change or death of a Governor, the action or actions pending not to abate, but the name of the new governor to be substituted as a matter of course.
The Bank to be compelled to pay in Bank of England Notes, or to draw Drafts on England at sixty days for 1-12th of the amount of Bank Notes in circulation on the last day of the preceding month; such sum to be divided into two equal parts, and drawn for on the 15th and last days of each mouth; but if such days should happen to be on Sundays or holidays, on the days following. The money to be apportioned equally amongst all applicants, according to the amount of such Bank Notes as they may actually hold at the time of application ; but in case the Governor and Directors shall at any time be of opinion that it would be advisable to alter the proportion or sum to be drawn upon England, they shall, with the consent of the Governor, or Lieutenant-Governor of, the Island, be at liberty to make such alteration.
The regulations respecting the drawing of Drafts upon England may seem extraordinary, but it must be recolled that the Exchange is at present greatly against the Island and that without some such protection it would be impossible for any Bank to grant internal accommodations.
A Bank.in the.usual way, can, with prudence, only issue Notes and draw Drafts upon England for property that can be realised in England.
The Bank of Eiigland has been obliged to act in a similar way, and stop issues in specie; for however solvent the Bank was, it would have been out of their power, in consequence of unfavourable exchange, to have found cash sufficient. for the drains that. would have been made upon it
As the Bank and the Nation have benefited by the mea,sure, no doubt a regulation similar in principle will readily be submitted to here.
If a chartered Bank should be established,. Government Certificates to the amount of £25,000 will probably be sufficient.
It cannot be expected that this, or any other measure, will have an instant effect; there must be time for its gradual operation. [Signed] C. D.
1816. A paragraph of local news in the above-named newspaper of the same date, relates an incident connected with our subject. The officers of customs, having reason to suspect some illicit concealments, by the exporters of eggs, caused a diligent inspection of the packages to be made. Those belonging to the inhabitants of the Island were found to be uniformly correct; but amongst those of Samuel Marsden, a native of Yorkshire, and an, itinerant vendor of books and pamphlets, were discovered concealments of tobacco, salt, wine, tea, and spirits. Upon this nefarious traffic (so hurtful to the fair trader, and to the public revenue) being discovered, Marsden observed with great sang fioid, he had got so many insular card notes, that he did not know how otherwise to get rid of them. Great indignation was expressed by the other egg dealers.(principally women) at the conduct of Marsden, who was an old offender in this way. The contraband articles were lodged in the King's store, and the smuggler in the King's prison, there to remain until delivered by due course of law.
1816. In a pamphlet published in May of this year (8vo, Dublin, 1816), entitled An Address to the Inhabitants of the Isle of Man, &c., by Kermotte Stowell, there is the following remarks on paper money, which are worthy of preservation. The author is indebted to the kindness of Robert Moore, Esq., of Peel, for the liberty to transcribe them into these pages.
"This is not only a difficult, but at.the present moment a delicate subject, and must be handled with a considerable degree of tenderness to ensure success., To reconcile the various opinions which prevail in this Isle respecting a proper and substantial substitute for our present medium, and to get rid of the trash, without offending the Gentlemen in the trade, is the object of the present Address. And here, I beg leave to inform the Profession,, that I am not actuated towards any one of them by personal motives of hostility ; on the contrary, there are many of the present Bankers for whom I entertain a high respect; but personal respect, and every other private consideration, must yield to the public good; and what I shall here introduce, (however feeble my efforts may be) must be considered in that light.
In order to form.something of a clear idea respecting a proper currency, it will be necessary to take an abstract view of the nature of paper money, and compare it with real or metallic money, and how far the one differs from the other, and the effects of each upon the markets, and upon the morals of the people; and whether the former ought to be encouraged, modified, or abolished, consistent with the good of this country. Paper Currency, or Paper Money, as it is sometimes called, is not, strictly speaking, the representative of coin, as the supporters, of the system would make us believe, but a mere obligation upon the part of the issuer to pay a certain something for it when returned to him ; and in this country that certain something is entirely at the will and caprice of the issuer. It is true that they all profess to pay in gold, or bills upon London! (the change to be paid by the bearer,) but this profession when put into practice, with one or two exceptions, dwindles into a hateful shuffle from one to the other, and of late has, to the distress of the holders, terminated in a protested bill. . Such is the nature of our present currency Real or metallic money is (has been) so well known, and its properties and use so well defined, that. to say a word upon the subject, or to draw a, comparison, would be a wilful waste of time; I shall therefore proceed to show the effects of each upon the commodities of the country, and upon the morals of the people.
The prices of the commodities of every country, and particularly the necessaries of life, are usually in proportion to the quantity of circulating medium. Suppose that two hundred pounds of real or metallic money, were the circulating medium within this Isle, and that the necessaries of life consisted of four hundred and fifty bolls of potatoes and fifty barrels of herrings, and that a boll of potatoes were equal in value with a barrel of herrings, it follows, that the potatoes would be worth eight shillings per boll, and the herrings the same per barrel. Now let us suppose, that by the present system of coining paper money, that the whole of the two hundred pounds were driven out of the market (and which is actually the case), and twice that sum of paper money forced into circulation in lieu of it, it follows, that the potatoes and herrings will cost twice the sum that were formerly paid for them; which clearly shows that one shilling in real or metallic money is worth two shillings of the present currency. Such is the effect of the rubbish which now floats in this Island upon the necessaries of life, and the relative value that it bears to real or metallic money. But these are mere trifles compared to the injury sustained in the moral world, by the circulation of this trash, and I have sometimes wondered that his Lordship never dreamt, of finding a remedy to counteract the evil; but as he, has been some time upon a voyage of discovery, and in all likelihood will find out the longitude, it would not be fair now to disturb him.
It is well known to every one who knows anything of the labouring, classes of the community, that the value they attach to paper money is small beyond comparison. Now-a-days we see nothing of the leathern purse, embellished with the chest's key, that badge of economy, that was wont to characterise the industrious labourer. The fact is, these people have so contemptible an idea of the trash, that they never think of hoarding any of it up for the day of distress; this leads them to purchase manythings that they otherwise could do without, and brings on a habit of extravagance and profligacy, which too often ends in the ale-house. Such is its immoral tendency. It is true that there have been instances where the poor labourer has had courage enough to rely on the value of what he has earned, and has been able, by stinting his little meals, to save a couple of week's wages for a rainy day. But what has been the consequence ? The banker failed! and the poor labourer had to lament his credulity !
After what has been observed, the next consideration is, ought the present currency to be encouraged or abolished, or limited to certain restrictions ? I believe that there is no man in his senses who will say that the present system can with safety be pursued; but, on the contrary, that it cannot much longer be tolerated, and that a change must very soon take
It place, if there is to be any commercial transactions, or indeed. any dealings between man and man. The banking business has long ago been at its heighth, and it is now sinking much faster than it ever rose, and possibly might die a natural death. But, as the welfare of a country ought never to depend upon casualties, it is the, duty of the Legislature immediately to interfere.
There are many eminent authors who have written upon Private Banks, and the encouragement they hold out to the manufacturer and agriculturist, and in many instances there appears to be a good deal of truth in their arguments, but.as far as my knowledge extends, the same reasoning that holds good for a large commercial and agricultural country will not always apply to a little insular spot that is. cut off from all foreign trade, and where. its agriculture is scarcely sufficient for the maintenance of the inhabitants it contains. I do not mean to infer that we have no manufactures, or that the state of our agriculture is such that it cannot be improved; far from it, the cloth manufactory established by Mr. Kelly, at the. Union Mills, does him great credit,, and would not disgrace any of the large cloth manufacturing districts in England and I hope that there is not a man in this Island, who has any regard for his country, that will wear anything but Manks manufacture. It was the boast of General Washington, after he had established the independence of America, that he never wore anything but 'home spun .' I should be glad to see the Legislature of this Island follow his example, the other authorities would naturally follow, and that childish hankering which the fops of the day have for 'English superfine,' would very soon change for 'Manx substantial.' Mr. Kelly's system of agriculture, particularly. his planting, also does him great credit. Indeed we have many excellent practical farmers; and a Bank, under certain restrictions, there is no doubt would not only pay the Bankers, but be of great use to the country, and the only difficulty. to find out is, under what restrictions ought a Bank to be established ? For my own part, I would presume that the first care of the Legislature should be to prevent the possibility of loss to the public in case of failure ; and this can only be done by making the Bankers give tangible security in proportion to the amount of their issues; and to do away with petty Banking, and at the same time to prevent a monopoly, that the Bankers be obliged to take out a licence every year which licence should never be less than one hundred pounds. Banking upon this system would riot only contribute to the public fauds, but restore that confidence between man and man, which the present ruinous system has totally destroyed, and which now falls so heavily upon the consumer, and upon the labouring classes of the community. It is very well known that on every article that is imported into this country,, the importer lays a profit in proportion to the trash he gets in exchange, and the premium that he must pay to get this trash again exchanged, for some kind of medium that will pay on the other side of the water. It is bad enough when the Government of one's country is obliged to issue paper to support itself; but to be imposed upon by the assignats of every individual who may think proper to assume the trade, is extending the privilege beyond the bounds of justice, and loudly calls for the interference of the Legislature. God knows the pittance of the poor labourer is small enough without being depreciated by this miserable substitute., Let us hope a change will soon take place.
1816. Forgery. William Kelly, of the Union Mills, most respectfully informs his Friends and the Public, that the Person who forged and circulated Card Notes about this time last year, purporting to be those.of W. K.'s, has resumed the same nefarious Traffic. Those now circulated bear evident marks of Forgery, upon the slightest Inspection and Comparison with those which bear his genuine Signature: they appear to be written and signed by a Female's Hand; the Paper is thinner, and of an inferior quality than the Cards of W. K.; in the name the W is particularly ill executed; under the words 'Isle of Man,' there are no flourishes as in the genuine Card Notes; in the word. 'Man,' between the letters M and a a flourish comes down, whilst in the forged Notes it passes over; all the recent forged Notes hitheto detected are numbered '383,' ' Ent. U,' and mostly dated '4 Aug. 1813.' The Backs of the forged Cards exhibit the following difference from the genuine: in the representation of the Union Mills, there issues no Smoke from the Chimney; the Door is narrower and higher; the Windows are smaller; and the Impression is altogether fainter than in the genuine. W. Kelly having given value for all the forged notes which appeared last year, and such of the present as he has yet met with, hereby gives public Notice, that, from this date, he will not hold himself responsible for any spurious or forged Cards purporting to bear his Signature, which may be put into circulation; and the Public are hereby respectfully requested to take Notice of the Person or Persons by whom Cards purporting to be his, whether real or forged, may hereafter be tendered in payment. The undersigned hereby offers a Reward of Twenty Pounds, to any Person or Persons who shall furnish him with such Information as may lead to the Conviction of the Miscreants concerned in the beforenamed infamous transaction. WILLIAM KELLY. Union Mills, 24th July, 1816.
1816. The following appeared in the Mdnx Advertiser of June 27th: On Thursday last, his Grace the Governor-in Chief proceeded to Castletown, attended by Capt. Holloway, of the Royal Engineers, and inspected the improvements in the Castle, and the several apartments fitted up as prisons, both for debtors and felons. His Grace expressed great satisfaction at the manner in which the work had been executed, and at the convenient and comfortable appearance of the several apartments. His Grace visited the Lieut.-Governor, and returned to Castle Mona to dinner. On Monday his Grace again proceeded to Castletown, to breakfast with the Lieut.-Governor, and, accompanied by him, again inspected the Castle, when several plans for its further improvement. and accommodation for debtors were laid by his Grace. We understand his Grace has at all times expressed his abhorrence of the circulation of card money in the country, and the ruin that must inevitably be the consequence if persevered in. His Grace has, however, determined to suppress as much as possible so horrible a system, by the introduction of a silver coinage into the country in the first instance, and by obtaining from government a coinage of silver for insular purposes only. We are fully aware of the ruinous tendency of such a circulation of deteriorated paper, a great quantity of which is, in fact, of no value at all, and strongly recommend to all the gentlemen of the island to refuse receiving such cards in payment. The poverty of the country, and the total want of any other kind of circulating medium, may be pleaded in excuse; but, trusting in Providence for the blessing of a bountiful approaching herring fishery, and hoping that the several herring curers will. follow what we understand to be the laudable resolution of Messrs. Holmes, to pay all change in silver, that difficulty will.be in a great measure obviated; and if what we have heard be true, that it is the intention of the ReceiverGeneral, at the suggestion of his Grace, to pay all the officers, both of the civil and custom-house departments, with such proportions of their salaries as they may choose in silver; a circulating medium of change may soon make its appearance over the country. Should a law become necessary for the total suppression of the cards, or for the restricting the circulation of them, we have not a doubt but the other branches of the legis lature would heartily join his Grace in its enactment.
1816. Notice is hereby given, That no Insular Notes will be taken in payment by John Taubman, of the Nunnery, Esquire, except those issued by James Holmes & Co., George Quayle & Co., Alex. Spittall & Co., Edw. Gawne, John Moore, James Moore, and Edward Forbes, Esquires. Nunnery, July, 1816.
1816. Isle of Man Bank, 16th December, 1816. Notice is hereby given, that the Partnership existing between George Quayle, Edward. Cotteen, and Patrick Townshend Lightfoot, of Castletown, Bankers, is, by mutual consent, this day dissolved, so far as relates to the said Edward Cotteen; and that after the 31st instant, the Business of the said Bank will be carried on by Messrs. Quayle and Lightfoot, under the present Firm of. George Quayle and Company.
P. T. LIGHTFOOT.
1817. In the Manx Advertiser of the 20th March of this year appeared the following. " Notice. Whereas some malicious, wicked, and evil-disposed Persons having circulated Reports, tending to injure and withdraw that Confidence which the Public at large have hitherto Placed in the Credit and Conduct of the Isle of Man Bank, we, the undersigned, in order to counteract the effects intended by such malicious Reports, and relying (as we do) upon the Honour and Stability of this long-establised Bank, Do hereby give Notice, that we will continue to receive the Notes of George Quayle & Co., in payment, as usual.
Residing at Castletown
Residing at Douglas:
T. Harrison, Sen.
Residing at Peel:
John Stephen, Advocate.
On March 27th, the above advertisement was repeated, with the following additional names appended, of persons residing at Ramsey:
And on the 3rd of April, the same advertisement appeared, with the
following names appended, headed, Marown
T, Stephen, Vicar-General,
Daniel Cowin, Clerk and Schoolmaster.
William Killey, Sumner.
William Sinclair, Craigley.
William Christain, Balla Killey, C.P.
G. Hampton , Balla Garey.
William Giles, Garth.
R. Jackson, Ballafreer.
William Carran, Ballingan.
John Kelly, Rock.
Thomas Clucas, Corvalley.
William Quayle, Balla Cotch.
T. and R. Kelly Balla Vitchal
William Kelly, Balla Lonney.
John and Robert Quayle, Baldwin.
John Fayle, Rock.
Patrick Kewley, Ballalough.
William Caine, Balla Grane.
John Kewley, Balla Garrow.
William, Kelly, Trolaby.
William Kelly, junior, Trolaby.
D. Clucas, Balla Callin.
and several others of Property, whose names are too numerous todetail..
1817, Isle of Man Bank. The Trustees of Messrs. George Quayle and Co., at their second Meeting this day, received from George Quayle, Esq., a Sale, in. Trust, of all his Houses, Lands, and Effects; and from P. T. Lightfoot, Esq., a Sale, in trust, of his individual Property; in addition to the Sale of the Debts and Effects due to the Firm, granted on the 18th st. The extent and value of the unencumbered Houses and lands are Sufficiently well known in this Island, to prove satisfactorily to the Public that, whatever temporary inconvenience ay arise, no loss can be, sustained by the holders of the Isle Man Bank Paper, who have such an additional Property, besides the Bank Debts, for their security. The Trustees, observing the Balances and over-due Acceptances so large and numerous, take the liberty of strongly recommending to the parties concerned, strenuous exertions, individually, to make such payments as may, in the time of general Distress, lessen the necessity of adopting measures, which, in this extensive concern, must inevitably fall heavy on many, and greatly add to the public calamity. The Trustees also beg leave to invite any Creditor, who may wish for further satisfaction than that already published and made known respecting the state of affairs of this Bank, to call and examine the Books which are, at the said Bank Office, ready for inspection.
J. W. JEFFCOTT.
21st April, 1817.
N.B. All Debts; due to the Estate will be received in any description of Paper of the Bank, by Mr. Lightfoot, who is authorised by the Trustees to give Receipts for the same.
1817. "Isle of Man Bank. The Trustees of Messrs. George Quayle and Co., having at their third Meeting this day, taken into consideration the inconvenience and loss which the public may be put to and sustain, in consequence of a temporary Suspension of the Payments of the said Firm, do hereby give Notice, that Interest, at the rate of Five per cent. will be allowed to the Holders of the said George Quayle and Co.'s Notes and Cards, from the 19th day of April last, until the same be called in, and finally paid. [Signed by the Trustees as before.] Castletown, 3rd May, 1817.
1817. Notice to the Creditors of the Isle of Man Bank.The Trustees of George Quayle and Co., of Castletown, Bankers, request the holders of all Bills, Notes, and Cards, issued by the said Firm, to bring in the same forthwith to their Office in Castletown (and for which accountable Receipts will be given by the Trustees) between the hours of 11 and 2 o'clock on each day, until Saturday the 30th instant, upon which day the Accounts will be made up and a Dividend struck. All persons, therefore, who neglect to bring in the same on or before that day, will be precluded from participating in such. Dividend. [Signed by the Trustees.] Castletown, 13th August, 1817.
1817. The introduction into the Island of the new silver coinage of this.year is referred. to by the local press in the four following notices:
The public is much indebted to the gentlemen who composed the committee for receiving the old silver, at the Court House in this town, for the trouble and attention they have bestowed, for the purpose of procuring an exchange of silver from the Royal Mint,,which we trust will be speedily effected. We are authorised to state, that, on the 8th instant, the committee forwarded, per the Duchess, £581 ; and, this day, per the Douglas £928. 10s. 6d., making a total (in old silver) of £1,509. 10s., 6d.,; besides considerable. sums (ammounting, it is supposed, to £700) sent through other channels. That sent by the Duchess left Liverpool on Saturday last, and the amount, in new silver, may be expected here by the return of that vessel. The committee have intimated to us that they will announce its arrival through the medium of the public papers. We understand that similar committees have been instituted in the other towns of the Island. (Manx Advertiser, 15th May, 1817.)
A parcel of new silver has arrived by the Douglas. this morning. Due notice will be given at the different parish churches on Sunday next, and by hand-bills throughout the Island, of the time and place for its distribution. (Ibid., 12th June, 1817.)'
New Silver, The committee appointed to receive the old silver coin met this morning at the Court House, and issued new silver coin to the owners of the receipts bearing date the 6th and 7th of May only; as the sum received on those two days made the first parcel sent to the Mint by the committee. The expenses for coinage, freight, and insurance thereon to and from London, amounted, to £5 per cent., which was deducted in equal proportions from the amount of each receipt. New silver coin for those persons whose receipts are dated after the 7th of May, has been ordered to be forwarded from London without delay, which the committee, on its arrival, will distribute forthwith to the respective claimants. (Ibid,.June 19th, 1817.)
New Silver Coin. Notice is hereby given, that the Committee will attend at the Court House, in Douglas, on Tuesday and Wednesday, the 15th and 16th of July, 1817, from 11 until 2 o'clock each day, to deliver New Silver Coin for all the Receipts given by them for Old Coin. As a considerable deal of trouble and inconvenience has arisen to some of the memhers of the Committee, by the holders of Receipts dated the 6th and 7th of May, not presenting them for Payment on the days appointed for the delivery of the first parcel of Coin received from the Mint, the Committee request that the holders of Receipts who may find it inconvenient to attend personally, on Tuesday the 15th and Wednesday the 16th, will indorse their Receipts, and send them for payment by some respect able person, that the whole of the new Silver may be delivered out on those two days.~Douglas, July 3rd, 1817.
1817. The two advertisements next inserted relate to carrying into effect the provisions of the Act for the Suppression of Card Notes, which was promulgated in the Island in July of this year. (See pp. 123-126.).
Notice is hereby given that Licences for issuing Notes of the nature of Bankers' Notes or Cash Notes, of the value of Twenty Shillings or more will be granted by the Lieutenant Governor and Council, at Castle Rushen, on Monday, the 1st day of September next, at 11 o'clock in the Forenoon, to such proper Persons as may apply for the same, in pursuance of the late Act of Tvnwald, provided in that behalf. Dated 23rd August, 1817. T. STOWELL, C R.
Bank Licences. At a Court holden at Castle Rushen the lst October, 1817, for the purpose of taking into consideration the Applications of certain Persons for Licences to issue Notes of the nature of Cash Notes, or Bankers' Notes, under the late Act ; Present
The Lieutenant-Govemor and Council being of opinion, that, in the
exercise of a sound discretion, (the power of granting or refusing
Licences being vested in them by the Act) it is their duty to impose
such Terms upon the Applicants for Licences as may be conducive to
the public safety and convenience:
The Lieutenant-Governor and Council have therefore come to the following Resolutions.,
1. That the extent of Notes to be issued by each licenced Banker shall be limited in the Licence; and that such Notes shall be numbered on the face of them in Red Ink, and in a regular series from Number 1 upwards.
2. That such Bankers shall give Security for Payment of the said Notes, viz.: a Bond to or in the name of the King, with two or more sufficient Sureties, to the amount of one third of their respective intended Issues.
3. That such Licenced Bankers shall keep a regular Office in one of the four Market Towns of this Island, and observe the usual Office Hours therein, viz., from 10 to 3 o'clock.
4. That Applications for Licences shall be made in writing, preferred to the Lieutenant-Governor, stating the amount or extent of Notes intended to be issued by the Applicants respectively, the Names and Places of Abode of the Sureties proposed to be given, and the Name of the Town where the Applicant or Applicants propose to fix his or their Office.
5.. That this Court be adjourned to the 21st instant, to be then holden at Castle Rushen, for the purpose of taking into consideration such Applications as may be rnade in the form aforesaid on or before that day; and hereof all persons whom it concerns are to take Notice. . By order of the Court,
THOMAS STOWELL, Clerk of the Council.
1840. In this year the old copper coins of the Isle of Man were called in, and a new and beautiful copper coinage, amounting to £1,000, issued from the Mint for the use of the Island.
The obverse bore the impression of the Queen's head, and the reverse the three legs and motto of the Island. Under the old system, fourteen pence was the value of the shilling, but the value of the new currency is assimilated to that of the empire. Many of the Manx manifested such hostility to this innovation,that very serious riots took place in consequence in the towns of Douglas and Peel, which rendered the presence of the military necessary, by whom they were speedily quelled. These disturbances gave rise to some verses called the Copper Row. (Vide Mona Miscellany, p. 118.) The enactment and consequent royal proclamation for effecting this assimilation of the coinage are as follows.
Isle of Man to wit.
At a Tynwald Court holden at Castle Rushen, the eighth day of November, in the third Year of the Reign of our Sovereign Lady Victoria, by the Grace of God of the United Kingdom of Great Britain and Ireland Queen, Defender of the Faith, and in the Year of our Lord One thousand eight hundred and thirty-nine before his Excellency Colonel John Ready, Lieutenant Governor, the Council, Deemsters, and Keys, of the said Isle.
"An Act for the Assimilation of the Currency of the Isle of Man to that of Great Britain.
Whereas Her Majesty has been pleased by Her Majesty's Order in Council, dated at the Court at Buckingham Palace. the tenth day of April, One thousand eight hundred and thirty-nine, to authorise the Lords Commissioners of Her Majesty's Treasury to instruct the proper Officers of the Royal Mint to coin to the amount of One thousand Pounds Sterling, in Pence, Halfpence, and Farthings, assimilatinc, the value,of the same to the, Copper Coinage of Great Britain, to be delivered to the Lieutenant-Governor of this Isle, for the purpose of being issued and put into Circulation in the said Isle. And whereas any Sum of the Currency of Great Britain is paid, accepted, and deemed equivalent to an Amount of Pounds, Shillings, and, Pence of the Currency of the Isle of Man, greater by one-sixth part than the , expressed Amount of Pounds, Shillings, and Pence of the Currency of Great Britain contained in such Sum, and any Sum of the Currency of the Isle of Man is paid, accepted, and deemed equivalent to an Amount of Pounds, Shillings, and Pence of the Currency of Great Britain, less by one-seventh than the expressed Am'ount of Pounds, Shillings, and Pence of the Currency of the Isle of Man. And.whereas it is become expedient that the Currency of the Isle of Man should be assimilated to the Currency of Great Britain, and that the Authority of an Act of Tynwald should be given to carry into legal Force and Effect Her Majesty's said Order in Council. We, therefore, your Majesty's most dutiful and loyal Subjects, the Lieutenant-Governor, Council, Deemsters, and Keys of the said Isle, do humbly beseech your Majesty that it may* be enacted, and be it enacted by the Queen's most excellent Majesty, by and with the advice and consent of the Lieutenant-Governor, Council, Deemsters, and Keys, in Tynwald assembled. and by the Authority of the same, That from and after the Commencement of this Act, the Currency of Great Britain shall be and become, and is hereby declared to be, the Currency, of the Isle of Man; and that all Gifts, Grants, Contracts, Bargains, Sales, and Agreements, and all written Bonds, Bills, Notes, Drafts, Acceptances, Receipt s, or Securities for Money, and all Dealings and Transactions whatsoever relating to Money, or implying the Payment of Money, which shall be made, executed, and entered into, shall be had, made, executed, and entered into according to the Currency of Great Britain, and not according to the Currency of the Isle of Man, or.,as Money has been or may be valued in the said Isle; and that all such Receipts, Payments, Gifts, Grants, Contracts, Bargains, Sales, and Agreements, Bonds, Bills, Notes, Drafts, Acceptances, Securities, Dealings, and Transactions, shall be I held, deemed, ('and taken to be had, made, executed, and entered into according to such Currency of Great Britain, unless the contrary be proved to have been the Intention of the Parties concerned, any Law, Custom, or Usage, to tho contrary not withstanding.
II. And be it enacted, That all Gifts, Grants, Contracts, Bargains, Sales, and Agreements, and all Bonds, Bills of Exohange, Promissory Notes, Drafts, Receipts, and 'Securities for Money, and all Debts due and to grow due tinder and by Virtue of any Judgment, Award, Bond, Lease, or other Speciality, or by Virtue of any simple Contract written or parole, and all Transactions and Dealings implying the Payment of Money, or the Liability to pay Money, which shall have been or shall be acknowledged, awarded, executed, or entered into before the Commencement of this Act, according or with Reference to the Currency of the Isle of Man, shall, from and after the Commencement of this Act, be carried into effect, paid, discharged, and satisfied according to the Amount thereof respectively, in and according to the Currency of Great Britain.
III. And be it enacted, That all Debts, Contracts, Lial)ilities, Matters, and Things relating to Money, at any Time after the Commencement of this Act, arising by Implication of Law out of or being founded upon any Gifts, Grants, Contracts, Bargains, Sales, or Dealings made, done, or had prior to the Commencement of this Act, shall be deemed and construed to be within the meaning of this Act, as Debts, Gifts, Grants, Contracts, Bargains, Sales, or Dealings made or had prior to the icommdneement of this Act, and shall be construed accordingly.
IV. And whereas certain Sums under the Amount of Fourteen Pence of 'the Currency of the Isle of Man, cannot be paid by any equivalent Number of Pence, Halfpence, and Farthings of the Currency of Great. Britain, and it is unavoidable that in the Payment of several of such Sums, an inconsiderable. Loss of a Part of a Farthing must be incurred either, by the.Debtor or Creditor, and it is necessary that some plain Rule, not liable to be misunderstood, should be applied to ascertain upon. which Party such loss should fall
Be it therefore enacted, That from and after the Commencement. of this Act the Sums of One Farthing, One Halfpenny, Three Farthings, One Penny, , and One Penny. Farthing of Manx Currency, shall be paid and satisfied by the Payment of One Farthing, One Halfpenny, Three Farthings, One Penny, and One Penny Farthing, respectively, in the Copper Currency of Great Britain, or in the Copper Money to be coined by the Authority of Her Majesty's said Order in Council: and that all Sums of Manx Currency less than the Sum of Fourteen Pence and exceeding the Sum of Twelve Pence Farthing, shall be and, shall be deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money to be coined by the Authority of Her Majesty's said Order, in, Council less by One Penny Three Farthings than.the expressed Amount of the Sum so payable in Manx Currency: and all Sums of Manx Currency less than the Sum of Twelve Pence, Farthing, and exceeding Ten Pence, Halfpenny, shall, be, and shall he deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money to be coined by the Authority of Her Majesty's said Order in Council, less by One Penny Halfpenny than the expressed Amount of the Sum so payable in Manx Currency: and all Sums of Manx Currency less than Ten-Pence Halfpenny, and exceeding Eight Pence Three Farthings, shall be, and shall be deemed to be paid and satisfied 'by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money to be coined by the Authority of Her Majestys said Order in Council, less by One Penny Farthing than the expressed Amount of the Sum so payable in Manx Currency: and all Sums of Manx Currency less than Eight Pence Three Farthings, and exceeding Seven Pence, shall be, and shall be deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of. Great Britain, or of the Copper Money to be coined by the Authority 'of Her Majesty's said Order in Council, less by One Penny than the expressed amount of the Sum so payable in Manx Currency: and all Sums of Manx Currency less than Seven Pence, and exceeding Five Pence Farthing, shall be, and shall be deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money to be coined by the Authority of Her Majesty's said Order in Council, less by Three Farthings than the expressed Amount of the Sum'so payable in Manx Currency i and all Sums of Manx Currency less than Five Pence Farthing, and exceeding Three Pence Halfpenny, shall be, and shall be deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money to be coined by the Authority of Her Majesty's said Order in Council, less by One Halfpenny than the expressed Amount of the Sum so payable in Manx Currency: and that all Sums of Manx Currency less than Three Pence Halfpenny, and exceeding One Penny Three Farthings, shall be, and shall be deemed to be paid and satisfied by the Payment of a Sum of the Copper Coinage of Great Britain, or of the Copper Money. to be coined by the Authority of Her Majesty's said Order in Council, less by One Farthing than the expressed Amount of the Sum so payable in Manx Currency.
V. And be it enacted, That from and after such Day after the Commencement of this Act, as shall be named and appointed in and by any Proclamation, which shall be made and issued for that Purpose by Her Majesty, or by the Governor or Lieutenant-Governor of the said Isle, it shall be lawful for any Person or Persons having any Copper Coin or Money of the Currency of this Island, and passing after the Rate of Fourteen Pence 9'or Twenty-eight Halfpence for the Shilling, British Currency, to bring any such Copper Coin and deliver the same to such Person or Persons, and within such Time as shall be mentioned and specified in such Proclamation and there shall be delivered to every Person bringing in such Copper Coin of the Currency of this Island, a Sum. of the Copper Currency of Great Britain, ot of the Copper Money to be coined under the Authority of Her Majesty's said Order in Council, after the, Rate of Twelve Pence of such Copper Coin, for every Fourteen Pence or Twentv-eight Halfpence of such Copper Coin of the Currency of this Island: and that from and after a Day, to be mentioned in such Proclamation, all Copper Coin of the Currency of this Island shall cease to be current in this Island, any Law, Statute, or Custom, to the contrary notwithstanding.
VI. And be it enacted, That this Act shall commence and take Effect One Month from and after the Promulgation of the same, and not sooner.
J. Sodor & Mann.
John Cecil Hall,
Thomas Ar. Corlett, Vicar Genl. J. Quirk, Atty. Genl.
Geo. Quirk, Water Bailiff
J, Christian, Deemsters.
J. J. Heywood
Alexr. John Goldie, 11 William Rinds,
Edward Forbes, John Teare,
John Quayle, Francis Matthews,
P. Garrett, John Kelly,
Wm. Farrant, R. Murray,
W. Kinley, Thos. Carrain,
John Bridson, J. Anderson.
At a Tynwald Court holden at Saint John's Chapel, the 17th March, 1840.
The before written Act of Tynwald, intituled 'An Act for the Assimilation of the Currency of the Isle of Man to that of Great Britain,' having received the Royal Assent, at the Court at Windsor, the Sd January, 1840, present, the Queen's most Excellent Majesty, in Council, the.said Act was this Day promulgated on the Tynwald Hill, according to ancient Form and Custom. As witness our Subscriptions.
[Signed by the above Officials, Deemsters, and Keys.]
Proclamation. Isle of Man to Wit.
Whereas by an Act of Tynwald passed in the present Year of Her Majesty's Reign, intituled 'An Act for the Assimilation of the Currency of the Isle of Man to that of Great Britain,' it is amongst other things enacted, That from and after such Day after the Commencement. of the said Act, as shall be naiued and appointed in an d by any. Proclamation, which shall be issued for that Purpose by Her Majesty, or by the Governor or Lieutenant-Governor of the said Isle, it shall be lawful for any Person or Persons, having any Copper Coin or Money of the Currency of this Island, and passing after the Rate of Fourteen Pence, or Twenty-eight Half-Pence, for the Shilling British Currency, to bring any such Copper Coin and deliver the same to such Person'or Persons, and within such Time, as shall be mentioned and specified in such Proclamation, and thet.e shall be delivered to every Person bringing in such Copper Coin of the Curreiacy of this Island, a Sum of the Copper Currency of . Great Britain, or of the Copper Money to be coined under Her Majesty's Order in Council referred to in the said Act of Tynwald, after the Rate of Twelve Pence of such Copper Coin, for every Fourteen Pence or Twenty-eight Half-Pence of such Copper Coin of the Currency of this Island, and that from and after a Day to be mentioned in such Proclamation,. all Copper Coin of the Currency of this Island, shall cease to be current in this Island,any Law, Statute, or Custom to the contrary notwithstanding.
It is therefore hereby, Proclamed, That all Persons having Copper Coin of the Currency of this Island, may have the same exchanged for tho,, Copper Money coined under the said Order. in Council, by applying to the Banking Oftice of Messrs. Henry, John,, and James Holmes, at Douglas, on Tuesday the fifth Day of May instant, or any lawful Day afterwards, between the, hours of 10 o'clock in the Forenoon, and 3 o'clock in the Afternoon, until Monday the 21st Day of September next following. And it is hereby Ordered and. Proclaimed, That from and after Monday the 21 st Day of September next, all.Copper Coin of the Currency of this Island, passing after the Rate of Fourteen Pence, or Twenty-eight Half-Pence, for the Shilling, British, shall cease to be current.
Given at the Government House, the 4th Day of. May
1840. J. READY.
God save the Queen!,
With these documents I close my history of the Island Currency; and in taking leave of the reader, I should like to draw his attention to.an apt quotation on this subject relative to the value of such inquiries, which is taken from a correspondent in the Gentleman's Magazine:
" While colossian statues, and the hardest marbles, with their deepest inscriptions, are destroyed by accident or by time, and paintings finished with highest colours quickly fade, a coin or medal shall survive innumerable accidents, and disclose historical facts a thousand years after statues are crumbled away; and when nothing but the names of an Apelles or a Praxiteles remain, does not a single coin or medal of which we are in possession give us greater light into history than the once famous libraries of Alexandria and Pergamos, which are now no more?
I confess I am no little surprised at the size which this work has attained upon a subject which at first appeared so limited; but as my labours progressed, and additional information came in, not of coinage only, but also upon other subjects nearly connected with it, I found that, in order to do justice to an inquiry so extensive, so interesting, and so important, I ought not to omit any part of the useful and curious information so kindly and so freely forwarded to me. I can only hope that the reader may find as much interest in the subject as I have done myself.
Note. To the list of issuers of Card Notes given in pp. 144 and 145 may be added the names of Thomas Corlett, of Ballamona and Thomas Vondy, of Lezayre.