Jonathan Backhouse and Co
1774 The bank of J. and J. Backhouse was established as a partnership of James Backhouse with his son Jonathan Backhouse senior (1747-1826) and, later, also with his nephew James junior.
1798 Following the death of his father, Jonathan senior, Jonathan junior changed the title of the family bank to Jonathan Backhouse and Co.
During the first three decades of the nineteenth century Backhouse proved to be the dominant partner in the bank; he presided over expansion which was to consolidate its position in the commercial infrastructure of Co. Durham.
1805 a branch was opened at Durham
1806 Opening of a branch at Sunderland.
Mid-1820s the network was extended to Newcastle upon Tyne, South Shields, and Stockton-on-Tees.
At this time, periodic instability from the over-extension of credit led to banking crises throughout the country but Jonathan Backhouse & Co. weathered all of these without difficulty
1820s The bank was involved in the financing and projection of the Stockton and Darlington Railway
1896 One of a number of banks amalgamated into Barclay and Co
See Also
Sources of Information
- Biography of Jonathan Backhouse, ODNB