James William Gilbart
Encyclopedia
James William Gilbart banker and author.
He was the General Manager of the London and Westminster Bank
1833–1859, one of the first joint-stock
banks in England
.
His work and frequently-updated books such as his Practical Treatise on Banking (1827) were eventually widely adopted to improve the British banking systems and laid the foundations of the modern publicly-owned
retail bank
and Building Society
movement.
It was Gilbart who introduced the modern spelling of the word cheque
in his book Practical Treatise on Banking. But others claim that the word was derived from early notes issued by Goldsmiths of London.
He was made a Fellow of the Royal Society in 1846.
He never married, and devoted much of his life to banking, writing, and his societies. He died at his home at Brompton Crescent, London
and is buried in West Norwood Cemetery
He was the General Manager of the London and Westminster Bank
Westminster Bank
Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it remains a registered company but is dormant...
1833–1859, one of the first joint-stock
Joint stock company
A joint-stock company is a type of corporation or partnership involving two or more individuals that own shares of stock in the company...
banks in England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
.
His work and frequently-updated books such as his Practical Treatise on Banking (1827) were eventually widely adopted to improve the British banking systems and laid the foundations of the modern publicly-owned
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
retail bank
Retail banking
Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...
and Building Society
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...
movement.
It was Gilbart who introduced the modern spelling of the word cheque
Cheque
A cheque is a document/instrument See the negotiable cow—itself a fictional story—for discussions of cheques written on unusual surfaces. that orders a payment of money from a bank account...
in his book Practical Treatise on Banking. But others claim that the word was derived from early notes issued by Goldsmiths of London.
He was made a Fellow of the Royal Society in 1846.
He never married, and devoted much of his life to banking, writing, and his societies. He died at his home at Brompton Crescent, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and is buried in West Norwood Cemetery
West Norwood Cemetery
West Norwood Cemetery is a cemetery in West Norwood in London, England. It was also known as the South Metropolitan Cemetery.One of the first private landscaped cemeteries in London, it is one of the Magnificent Seven cemeteries of London, and is a site of major historical, architectural and...