NAIRNE

[ Sir John Gordon Nairne, Chief Cashier of the Bank of England. ] Two Typed Letters Signed ('J. G. Nairne'), one to the wife and the other to the daughter ('Mrs. Magraw') of his disgraced predecessor Frank May, to whom he refers poignantly.

Author: 
Sir John Gordon Nairne, 1st Baronet [ J. G. Nairne ] (1861-1945), Chief Cashier of the Bank of England, 1902-1918 [ Beatrice Irene Magraw, daughter of Frank May (1832-1897), disgraced Chief Cashier ]
Publication details: 
The first on letterhead of Bank of England; 9 June 1917. The second on letterhead of Furlongs, Tring, Hertfordshire; 28 August 1935.
£150.00

Two items with a poignant subtext. In 1893 Nairne's predecessor as Cashier Frank May had 'suddenly resigned', as the New York Times reported on his death (10 February 1897), 'after a mysterious meeting of the Board of Directors, and for several days exciting rumours circulated in London that something was wrong with the finances. The real facts came out slowly, and they showed that May had induced the officers of the bank to lend money on doubtful securities, the collapse of which caused a loss to the institution of about £50,000'. Both items in fair condition, lightly aged and worn.

Four documents concerning an application by Carolina Nairne [née Carolina Oliphant], Lady Nairne, to Chancellor of the Exchequer Thomas Spring Rice for an extension to her civil list pension, including accounts and statements of her financial affairs

Author: 
Carolina Nairne [née Carolina Oliphant], Lady Nairne (1766-1845), Scottish songwriter and song collector [John Mackenzie Lindsay, WS; Thomas Spring Rice, 1st Baron Monteagle(1790-1866)]
Publication details: 
Two items dating from December 1837, one from 1838, and one undated [November 1837?].
£280.00

Items Two to Four are in good condition, on aged paper; with Item One worn and creased, repaired with strips of white paper. Items Three and Four are attached to one another by a stub, and all four items show evidence of having been removed from a letterbook. Items One and Four are statements describing Lady Nairne's financial affairs, with Items Two and Three letters to Spring Rice and the Civil List committee on the matter, the first anonymous and the second by Lady Nairne's solicitor John Mackenzie Lindsay, Writer to the Signet.

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