About: Royal British Bank

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An Entity of Type : yago:WikicatDefunctBanksOfTheUnitedKingdom, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
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The Royal British Bank was a British joint-stock bank, established under a Royal Charter in 1849, that collapsed in 1856. This caused a scandal. The circumstances were described by The Economist as "an extraordinary example of the little trouble the public take to think for themselves". The bank's main founders were John MacGregor, a Member of Parliament for Glasgow, and Edward Mullins, a solicitor. After difficulties in raising the necessary capital, the bank was launched in 1849.

Attributes	Values
rdf:type	Thing yago:WikicatBanksEstablishedIn1849 yago:WikicatCompaniesDisestablishedIn1856 yago:WikicatCompaniesDisestablishedInThe19thCentury yago:Abstraction100002137 yago:Company108058098 yago:DepositoryFinancialInstitution108420278 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity bank yago:SocialGroup107950920 yago:WikicatDefunctBanksOfTheUnitedKingdom
rdfs:label	Royal British Bank (en)
rdfs:comment	The Royal British Bank was a British joint-stock bank, established under a Royal Charter in 1849, that collapsed in 1856. This caused a scandal. The circumstances were described by The Economist as "an extraordinary example of the little trouble the public take to think for themselves". The bank's main founders were John MacGregor, a Member of Parliament for Glasgow, and Edward Mullins, a solicitor. After difficulties in raising the necessary capital, the bank was launched in 1849. (en)
dcterms:subject	Banks disestablished in 1856 Bank failures Defunct banks of the United Kingdom 1849 establishments in the United Kingdom 1850s in the United Kingdom 1856 disestablishments in the United Kingdom 1858 in case law Banks established in 1849
Wikipage page ID	16052147 (xsd:integer)
Wikipage revision ID	1084291047 (xsd:integer)
Link from a Wikipage to another Wikipage	Queen's Bench Joint stock company Member of Parliament Royal British Bank v Turquand Banks disestablished in 1856 Henry Dunning Macleod John MacGregor (Glasgow MP) Jury Bank failures Balance sheet The Economist Audit Defunct banks of the United Kingdom 1849 establishments in the United Kingdom 1850s in the United Kingdom 1856 disestablishments in the United Kingdom John Campbell, 1st Baron Campbell 1858 in case law Banks established in 1849 City of Glasgow Bank Edward VII of the United Kingdom Royal Charter Lord Chief Justice of England and Wales
Link from a Wikipage to an external page	https://books.google.com/books%3Fid=vKns1MCdu3MC%7Ctitle=Marx
sameAs	Royal British Bank Royal British Bank Royal British Bank Royal British Bank Royal British Bank
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Cite_book dbt:Portal dbt:Reflist dbt:Rp dbt:Use_dmy_dates dbt:Chartered_companies dbt:UK-bank-stub
has abstract	The Royal British Bank was a British joint-stock bank, established under a Royal Charter in 1849, that collapsed in 1856. This caused a scandal. The circumstances were described by The Economist as "an extraordinary example of the little trouble the public take to think for themselves". The bank's main founders were John MacGregor, a Member of Parliament for Glasgow, and Edward Mullins, a solicitor. After difficulties in raising the necessary capital, the bank was launched in 1849. After press articles alleging substantial losses appeared in 1856, the share price dropped and in September 1856 the bank suspended operations after experiencing a run, leaving 6,000 depositors owed money. It then became apparent that various directors and former directors had taken substantial sums from the bank, though most of the directors in post at the time of the collapse had not done so. The eight surviving directors—among them Henry Dunning Macleod—were put on trial in February 1858. (The bank's founder, MacGregor, had fled to France and died there in 1857.) They were tried for conspiracy to defraud the bank's customers at the Court of Queen's Bench before the Lord Chief Justice, Lord Campbell. On the first day of the trial, the Prince of Wales attended and sat on the bench next to the Lord Chief Justice. The jury found each of the defendants guilty of the charges and they were given sentences ranging from a nominal fine of one shilling to imprisonment for up to one year. By July 1858, however, only one of the convicted, the former manager of the bank, and arguably the least influential person among the convicted, remained in prison; the contrast with the treatment of the directors in the City of Glasgow Bank collapse is perhaps instructive. The collapse gave rise to a new legislation tightening banking regulation, including the publication of balance sheets and the auditing of accounts. (en)
gold:hypernym	Bank
schema:sameAs	Royal British Bank
prov:wasDerivedFrom	wikipedia-en:Royal_British_Bank?oldid=1084291047&ns=0
page length (characters) of wiki page	3851 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Royal_British_Bank
is Link from a Wikipage to another Wikipage of	James Wyld List of organisations with a British royal charter Royal British Bank v Turquand 1856 in the United Kingdom Constructive notice Henry Dunning Macleod John MacGregor (Glasgow MP) Henry Wise (merchant) Wyld's Great Globe Royal Bank
is foaf:primaryTopic of	wikipedia-en:Royal_British_Bank

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