City Of Glasgow Bank
The City of Glasgow Bank was a bank in Scotland that was largely known for its spectacular collapse in October 1878, which ruined all but 254 of its 1,200 shareholders since their liability was unlimited. History The bank was founded in 1839 with an initial capital of £656,250 (equivalent to about £46 million at 2005 prices). It aimed to cater particularly for small savers, with its branches opening in the evenings to receive deposits. It was part of a wave of bank formations that saw 16 Scottish banks established between 1825 and 1840. By the 1870ss the bank had grown to have the third-largest branch network in the United Kingdom. As was common at the time its shareholders had unlimited liability and so they were jointly liable to cover any debts and were called to inject additional funds to cover any losses. The bank's principal office was established in Virginia Street, Glasgow in 1842 and moved to Glassford Street in 1851. During the Panic of 1857, the bank had to suspend ...
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Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the north and west, the North Sea to the northeast and east, and the Irish Sea to the south. It also contains more than 790 islands, principally in the archipelagos of the Hebrides and the Northern Isles. Most of the population, including the capital Edinburgh, is concentrated in the Central Belt—the plain between the Scottish Highlands and the Southern Uplands—in the Scottish Lowlands. Scotland is divided into 32 administrative subdivisions or local authorities, known as council areas. Glasgow City is the largest council area in terms of population, with Highland being the largest in terms of area. Limited self-governing power, covering matters such as education, social services and roads and transportation, is devolved from the Scott ...
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Mrs George De Horne Vaizey
Jessie Bell (1857 – 23 January 1917), later Jessie Mansergh, was an English writer born in Liverpool, who wrote under her married name Mrs George de Horne Vaizey. Life De Horne Vaizey was the daughter of Scottish insurance broker David Bell, and his wife, Elizabeth Morris Barton, and had six siblings, four brothers and two sisters. She married Henry Mansergh, a cotton broker, in 1883. They had a daughter, Gwyneth Alice, in 1886. She met her second husband, George de Horne Vaizey, on a Mediterranean cruise, which she won in a short story competition. Her son, named George after his father, also became a writer. Literature As her biography at Athelstane Books notes, "She often used her own varied experiences in her books. She used situations from her early life in a large family, her first husband’s addiction and death, and her own illnesses in her novels." De Horne Vaizey's daughter Gwyneth, nicknamed Kit, was the inspiration for the character Kitty in her 1902 work "A Houseful ...
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1878 In Economics
Events January–March * January 5 – Russo-Turkish War – Battle of Shipka Pass IV: Russian and Bulgarian forces defeat the Ottoman Empire. * January 9 – Umberto I becomes King of Italy. * January 17 – Battle of Philippopolis: Russian troops defeat the Turks. * January 23 – Benjamin Disraeli orders the British fleet to the Dardanelles. * January 24 – Russian revolutionary Vera Zasulich shoots at Fyodor Trepov, Governor of Saint Petersburg. * January 28 – ''The Yale News'' becomes the first daily college newspaper in the United States. * January 31 – Turkey agrees to an armistice at Adrianople. * February 2 – Greece declares war on the Ottoman Empire. * February 7 – Pope Pius IX dies, after a 31½ year reign (the longest definitely confirmed). * February 8 – The British fleet enters Turkish waters, and anchors off Istanbul; Russia threatens to occupy Istanbul, but does not carry out the threat. * February ...
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Economic History Of Scotland
The economic history of Scotland charts economic development in the history of Scotland from earliest times, through seven centuries as an independent state and following Union with England, three centuries as a country of the United Kingdom. Before 1700 Scotland was a poor rural area, with few natural resources or advantages, remotely located on the periphery of the European world. Outward migration to England, and to North America, was heavy from 1700 well into the 20th century. After 1800 the economy took off, and industrialized rapidly, with textile, coal, iron, railroads, and most famously shipbuilding and banking. Glasgow was the centre of the Scottish economy. After the end of the First World War in 1918, Scotland went into a steady economic decline, shedding thousands of high-paying engineering jobs, and having very high rates of unemployment especially in the 1930s. Wartime demand in the Second World War temporarily reversed the decline, but conditions were difficult ...
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Defunct Banks Of Scotland
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...

Defunct Companies Of Scotland
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...

1839 Establishments In Scotland
Events January–March * January 2 – The first photograph of the Moon is taken, by French photographer Louis Daguerre. * January 6 – Night of the Big Wind: Ireland is struck by the most damaging cyclone in 300 years. * January 9 – The French Academy of Sciences announces the daguerreotype photography process. * January 19 – British forces capture Aden. * January 20 – Battle of Yungay: Chile defeats the Peru–Bolivian Confederation, leading to the restoration of an independent Peru. * January – The first parallax measurement of the distance to Alpha Centauri is published by Thomas Henderson. * February 11 – The University of Missouri is established, becoming the first public university west of the Mississippi River. * February 24 – William Otis receives a patent for the steam shovel. * March 5 – Longwood University is founded in Farmville, Virginia. * March 7 – Baltimore City College, the third public high school in the United States, ...
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Companies Based In Glasgow
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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1878 In Scotland
Events from the year 1878 in Scotland. Incumbents Law officers * Lord Advocate – William Watson * Solicitor General for Scotland – John Macdonald Judiciary * Lord President of the Court of Session and Lord Justice General – Lord Glencorse * Lord Justice Clerk – Lord Moncreiff Events * 14 January – Alexander Graham Bell demonstrates the telephone to Queen Victoria. * 15 March – restoration of the Scottish hierarchy of the Roman Catholic Church The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a ..., carried out on the instructions of the newly appointed Pope Leo XIII. * 31 May – the North British Railway's first Tay Rail Bridge, Tay Bridge across the Firth of Tay is ceremonially opened, its engineer, Thomas Bouch, being made a Burgess (title), burgess of Dun ...
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British Companies Disestablished In 1878
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *'' Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Briton ( ...
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History Of Glasgow
This article deals with the history of the city of Glasgow, Scotland. See also Timeline of Glasgow history. Founding of the city The present site of Glasgow has been settled since prehistoric times, being the furthest downstream fording point of the River Clyde, at its confluence with the Molendinar Burn. The Romans built outposts in the area and constructed the Antonine Wall to keep Roman Britannia separate from Celtic and Pictish Caledonia. Items from the wall, such as altars from Roman forts, including Balmuildy, can be seen in the Hunterian Museum. After the Romans withdrew from Caledonia, the village was part of the large Kingdom of Strathclyde, whose capital was at Dumbarton downstream. It merged in the 9th century with other regions to create the united Kingdom of Scotland.The City of Glasgow – The Third Statistical Account of Scotland, published 1958 The origins of Glasgow as an established city derive from its medieval position as Scotland's second largest bisho ...
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1878 Disestablishments In Scotland
Events January–March * January 5 – Russo-Turkish War – Battle of Shipka Pass IV: Russian and Bulgarian forces defeat the Ottoman Empire. * January 9 – Umberto I becomes King of Italy. * January 17 – Battle of Philippopolis: Russian troops defeat the Turks. * January 23 – Benjamin Disraeli orders the British fleet to the Dardanelles. * January 24 – Russian revolutionary Vera Zasulich shoots at Fyodor Trepov, Governor of Saint Petersburg. * January 28 – ''The Yale News'' becomes the first daily college newspaper in the United States. * January 31 – Turkey agrees to an armistice at Adrianople. * February 2 – Greece declares war on the Ottoman Empire. * February 7 – Pope Pius IX dies, after a 31½ year reign (the longest definitely confirmed). * February 8 – The British fleet enters Turkish waters, and anchors off Istanbul; Russia threatens to occupy Istanbul, but does not carry out the threat. * February ...
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