Answers for Sir Adam Fergusson of Kilkerran, baronet; to the report of the Committee of Enquiry of Douglas, Heron, and Company..
Fergusson, Adam,Sir,1733-1813.
[Edinburgh ; s.n.,
1779]
Caption title.
Dated on page 22: Edinburgh, 16th February 1779.
Fergusson was one of the original partners of the bank. Douglas, Heron & Company, with its head office at Ayr, was opened in 1769 and traded as the Ayr Bank. There were branches throughout Scotland. Almost from the beginning, the bank emptied their coffers by giving privileged customers excessive loans, later striving to make good their position by making paper money. In August 1773 a general meeting of the partners resolved on liquidation. The total loss to the partners, of whom there were 225, was £663,396, and the shock was felt throughout Scotland.
ESTC
Douglas, Heron, and Company.
Bank fraud
Bankruptcy
Scotland Edinburgh.