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Commercial Bank Of South Australia
The Commercial Bank of South Australia was a South Australian bank founded in 1878 that failed in February 1886 due to fraudulent loans and transfers by the Manager, Alexander Crooks and Accountant, Alexander McKenzie Wilson. It was also notable for the problems experienced in its liquidation. Directors * John Beck; also largest shareholder, in London at time of collapse; never returned. * Charles Rischbieth * Maurice Salom * Robert Alfred Tarlton Chairman of Directors * Alfred Tennant *James Crabb Verco James Crabb Verco (1814 – 2 February 1891) was an early settler in the colony of South Australia, builder, businessman and parliamentarian. He was the father of Joseph Cooke Verco. History Verco left his home town Callington, Cornwall for Sou ... References {{reflist External linksRon A. Potter, "With Faith and Courage": The Bank of Adelaide 1865 - 1965at ANZ Bank Retired Officers] Retrieved 27 Mar 2016] Defunct banks of Australia Bank failures Banks disestablished in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Rischbieth
Charles Frederick Rischbieth (5 January 1835 – 5 April 1893), born Carl Friedrich Rischbieth, was a leading businessman in the early years of the colony of South Australia. History Rischbieth was born in Neustadt am Rübenberge, near Hanover, Germany and emigrated to South Australia, arriving in 1854, with a number of young German migrants. He worked for a time in the drapery of R. B. Lucas in Hindley Street, but was hampered by his imperfect English. He next worked for McArthur, Kingsborough and Co., He and Carl Bolk were admitted into the partnership of G. & R. Wills & Co., and a few years later married Elizabeth Susan Wills, a niece of George and Richard Wills. In 1869, he succeeded Robert Alfred Tarlton as managing director of the company. In 1875 Rischbieth retired from active management of G. & R. Wills & Co., but continued to act as an agent for George Wills, who had long before returned to London. Rischbieth was a Director of the Commercial Bank of South Australia at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failures
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Australia
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Crabb Verco
James Crabb Verco (1814 – 2 February 1891) was an early settler in the colony of South Australia, builder, businessman and parliamentarian. He was the father of Joseph Cooke Verco. History Verco left his home town Callington, Cornwall for South Australia, arriving on the ''Brightman'' in December, 1840, in company with Philip Santo, Robert Torrens, and George, younger brother of John Morphett. He joined the gold rush to Victoria with Philip Santo and Thomas Fisher. He served on the City Council for many years, was appointed Justice of the Peace, was for many years Chairman of the Imperial Building Society, was a Director of the South Australian Insurance Company, and the failed Commercial Bank of South Australia. He was for many years an active member of the Church of Christ in Kermode Street, North Adelaide. Politics He was elected to the seat of West Adelaide for the term 1862–1865, with Emanuel Solomon as his colleague. Family James Crabb Verco married Ann Cooke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfred Tennant
Alfred may refer to: Arts and entertainment *''Alfred J. Kwak'', Dutch-German-Japanese anime television series * ''Alfred'' (Arne opera), a 1740 masque by Thomas Arne * ''Alfred'' (Dvořák), an 1870 opera by Antonín Dvořák *"Alfred (Interlude)" and "Alfred (Outro)", songs by Eminem from the 2020 album ''Music to Be Murdered By'' Business and organisations * Alfred, a radio station in Shaftesbury, England *Alfred Music, an American music publisher *Alfred University, New York, U.S. *The Alfred Hospital, a hospital in Melbourne, Australia People * Alfred (name) includes a list of people and fictional characters called Alfred * Alfred the Great (848/49 – 899), or Alfred I, a king of the West Saxons and of the Anglo-Saxons Places Antarctica * Mount Alfred (Antarctica) Australia * Alfredtown, New South Wales * County of Alfred, South Australia Canada * Alfred and Plantagenet, Ontario * Alfred Island, Nunavut * Mount Alfred, British Columbia United States * Alfred, Maine, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Alfred Tarlton
Robert Alfred Tarlton (21 April 1828 – 29 November 1918) was a businessman and politician in the early days of the colony South Australia. History Tarlton was born in Birmingham, England and trained for the Ministry. He married Caroline Walters in 1854 and emigrated to South Australia in 1858. In 1860 he had a draper's shop on Rundle Street and by 1861 was a director of G. & R. Wills & Co. Ltd., a position he held until 1869. He was in 1865 a founder of the Bank of Adelaide, along with Henry Ayers, Fred. C. Bayer, John Dunn, Thomas Magarey, William Morgan, William Peacock, Robert Barr Smith, Thomas Greaves Waterhouse and others. He was chairman of directors, Commercial Bank of South Australia in 1886 when manager Alexander Crooks and accountant Alexander McKenzie Wilson were charged with embezzlement. The bank's liquidators subsequently sued him and fellow Directors James Crabb Verco, Alfred Tennant, Charles Rischbieth and Maurice Salom for £320,000 damages, claiming negl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maurice Salom
Maurice Salom (1 July 1831 – 10 October 1903) was a businessman and politician in the colony of South Australia. Biography Salom was born in London to A. H. Salom, a member of an old family of Sephardic Jews, a merchant and at one time a planter in the West Indies. He received a good education and in 1846 he was articled to a London stockbroker, with whom he remained for three years, then spent some time as a merchant around the coast of Africa, dealing in commodities such as ivory, ostrich feathers and animal skins. He arrived in South Australia in 1852 and joined the auctioneering firm of Solomon and Co., whose principals were Isaac and Judah Solomon, which he later acquired, then in 1882 sold to a consortium of merchants. He was elected to the Legislative Council in 1882 under the old system, when the whole Colony voted as one constituency. Six members were required, and out of 14 candidates Salom was returned second with 8,115 votes. He was asked by Sir John Downer to ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Advertiser (Adelaide)
''The Advertiser'' is a daily tabloid format newspaper based in the city of Adelaide, South Australia. First published as a broadsheet named ''The South Australian Advertiser'' on 12 July 1858,''The South Australian Advertiser'', published 1858–1889 National Library of Australia, digital newspaper library. it is currently a tabloid printed from Monday to Saturday. ''The Advertiser'' came under the ownership of Keith Murdoch in the 1950s, and the full ownership of in 1987. It is a publication of Advertiser Newspapers Pty Ltd (ADV), a subsidiary of [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geelong Advertiser
The ''Geelong Advertiser'' is a daily newspaper circulating in Geelong, Victoria, Australia, the Bellarine Peninsula, and surrounding areas. First published on 21 November 1840, the ''Geelong Advertiser'' is the oldest newspaper title in Victoria and the second-oldest in Australia. The newspaper is currently owned by News Corp. It was the Pacific Area Newspaper Publishers Association 2009 Newspaper of the Year (circulation 25,000 to 90,000). History The ''Geelong Advertiser'' was initially edited by James Harrison, a Scottish emigrant, who had arrived in Sydney in 1837 to set up a printing press for the English company Tegg & Co. Moving to Melbourne in 1839, he found employment with John Pascoe Fawkner, as a compositor, and later editor, of Fawkner's ''Port Phillip Patriot''. When Fawkner acquired a new press, Harrison offered him £30 for the original press, and started Geelong's first newspaper. The first edition of the ''Geelong Advertiser'', which originally appea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Beck (businessman)
Aecon Group Inc. is a construction company in Canada, providing services to private and public sector clients across its three core segments of Infrastructure, Industrial, and Concessions. Aecon produces construction materials including asphalt and aggregate materials, and pre-construction and pre-fabrication materials developed in eight company-owned fabrication facilities across Canada. Aecon has been involved in the building of some of Canada's landmarks, including the CN Tower, St. Lawrence Seaway, Ontario Highway 407, Vancouver Skytrain, and the Montreal-Trudeau International Airport. History Aecon's history began in 1867, when Scottish immigrant Adam Clark started a plumbing and gas fitting business in Hamilton, Ontario. Aecon's predecessor companies include The Foundation Company of Canada, Jackson Lewis, Lockerbie and Hole, Banister Pipelines, Nicholls-Radtke, Pitts Engineering Construction, and Armbro Construction. As a group, Aecon's origins go back to 1957 to Pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Australian Register
''The Register'', originally the ''South Australian Gazette and Colonial Register'', and later ''South Australian Register,'' was South Australia's first newspaper. It was first published in London in June 1836, moved to Adelaide in 1837, and folded into '' The Advertiser'' almost a century later in February 1931. The newspaper was the sole primary source for almost all information about the settlement and early history of South Australia. It documented shipping schedules, legal history and court records at a time when official records were not kept. According to the National Library of Australia, its pages contain "one hundred years of births, deaths, marriages, crime, building history, the establishment of towns and businesses, political and social comment". All issues are freely available online, via Trove. History ''The Register'' was conceived by Robert Thomas, a law stationer, who had purchased for his family of land in the proposed South Australian province after be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
