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City of Glasgow Bank
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City of Glasgow Bank : ウィキペディア英語版
City of Glasgow Bank

The City of Glasgow Bank is now largely known for its spectacular collapse in October 1878, ruining all but 254 of its 1,200 shareholders, whose liability was not limited. It was the last case of a British bank run until that of Northern Rock in 2007.
==General==

The Bank was founded in 1839,〔(【引用サイトリンク】title=City of Glasgow Bank )〕 with an initial capital of £656,250 (about £46m at 2005 prices). It aimed to cater particularly for small investors, with its branches opening in the evenings to receive deposits; its name is said to have been designed to allude to that of the City Bank of New York.
The principal office was established in Virginia Street, Glasgow in 1842, and moved to Glassford Street in 1851. During a banking crisis in 1857 the City of Glasgow Bank had to suspend operation but was then able to reopen and continue trading. For a long time before closure dividends were paid at 9%-12%.

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