The Ship Bank was founded in 1750 by a group of six merchants involved in the lucrative tobacco trade, and who formed Dunlop, Houston & Co to operate the bank. The bank was forced to close its doors in 1775 when the outbreak of the American War of Independence disrupted the tobacco trade. However, it reopened the following year under the management of a new partnership, Moore, Carrick & Co.
Robert Carrick (also known as Robin Carrick) was the managing partner of the new firm, and had worked in the old Ship Bank. Carrick had interests in other businesses besides banking, for example the manufacture of muslin, and he attended to these businesses at lunchtime when the bank was shut. He was a notorious miser, and when he died he was said to have been worth £1 million.
Reference: SP.2000.21.6
Reproduced with the permission of Glasgow City Council, Glasgow Museums
Keywords:
American War of Independence, bankers, banking, banks, Dunlop, Houston & Co, managers, managing partners, millionaires, misers, Moore, Carrick & Co, muslin manufacturers, Ship Bank, Tobacco Lords, tobacco trade
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