Trial of the City of Glasgow Bank Directors

Posted by Mango Books on

The second title in the NBT series was TRIAL OF THE CITY OF GLASGOW BANK DIRECTORS edited by William Wallace.

A catalogue issued in 1954 by William Hodge gave the following description of the case:

“On 1st October, 1878, a sensation was caused in business circles by the stoppage of the City of Glasgow Bank following a resolution of the Directors. Accounts had been deliberately falsified, securities entered at fictitious values, bad debts taken as good assets, and the gold which ought to have been held against the note issue deliberately squandered to the extent of over £300,000. The Government had been deceived by false returns and the shareholders by “cooked” balance sheets.”

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