Ah'm sayin nothin... William Paterson (banker) Sir William Paterson. Sir William Paterson (born April, 1658 in Tinwald, Dumfries and Galloway, Scotland - died 22 January 1719 in Westminster, London) was a Scottish trader and banker. He was one of the founders of the Bank of England and was one of the main proponents of the catastrophic Darien scheme. Later he became an advocate of Union with England. William Paterson was born in his parents' farmhouse in Dumfriesshire, Scotland, and lived with them until he was seventeen, when he emigrated first (briefly) to Bristol and then to the Bahamas.
Paterson returned to Europe, and attempted to convince the English government under James II to undertake the Darién scheme. Paterson returned to London and made his fortune with foreign trade (primarily with the West Indies) in the Merchant Taylors' Company. Jump up ^ Hidalgo, Dennis R. Wiliam Paterson. PATERSON, WILLIAM, the original projector of the bank of England and of Scotland, and of the celebrated settlement of Darien, was born, it is supposed, in the year 1655, at Skipmyre, in the parish of Tinwald, Dumfries-shire., It is deeply to be regretted that no satisfactory memorials have been preserved of this remarkable man. Of his education nothing is known, but it is stated in one memoir that he was bred to the church.
That Mr Paterson was either a churchman or a buccaneer at any period of his life appears a gratuitous assumption, unsupported by any direct evidence, and at variance with the known course of his after life. It is certain that he was in the West Indies, but it is much more likely that his pursuits there were commercial than either clerical or piratical. William Paterson. William Paterson Born: Apr-1658Birthplace: Tinwald, Dumfries, ScotlandDied: 22-Jan-1719Cause of death: unspecified Gender: MaleRace or Ethnicity: WhiteOccupation: Business Nationality: ScotlandExecutive summary: Founder of the Bank of England William Paterson, British writer on finance, founder of the Bank of England and projector of the Darien scheme, was born in April 1658 at the farmhouse of Skipmyre, parish of Tinwald, Dumfriesshire. His parents occupied the farm there, and with them he resided until he was about seventeen. A desire to escape the religious persecution then raging in Scotland, and the immemorial ambition of his race, led him southward.
He went through England with a pedlar's pack ("whereof the print may be seen, if he be alive," says a pamphleteer in 1700), settled for some time in Bristol, and then proceeded to America. In his native air Paterson soon recovered his strength, and immediately his fertile and eager mind was at work on new schemes. On this day in Scotland: Sir William Paterson. Sir William Paterson, Scottish financier and founder of the Bank Of England, died on the 22nd of January, 1719. Every schoolboy knows that the Bank of England was founded by a Scot, William Paterson, and that the Bank of Scotland was established by an Englishman, a London merchant called John Holland, although they probably don't know the names.
However, most won't realise that William Paterson also had a hand in the founding of the Scottish bank. The Scottish bank came into being in 1696, the year after Paterson returned to his native Scotland and helped to persuade his fellows that there was a need for a bank to support foreign trade. Nevertheless, Paterson is more famous and rightly so, for his having been one of the co-founders of what was then a private English bank. The need for a bank willing to lend huge sums to King William II and his Government stemmed from the weakness of public finances. Sir William Paterson died in Westminster, in London, on the 22nd of January, 1719. William Paterson (banker) Sir William Paterson: Biography on Undiscovered Scotland. Sir William Paterson lived from April 1658 to 22 January 1719. He was the founder of the Bank of England and influential in starting the Bank of Scotland; he was also the architect of the disastrous Darien Scheme and one of the negotiators behind the Acts of Union in 1707.
The wider picture in Scotland at the time is set out in our Historical Timeline. Paterson was born in the tiny hamlet of Skipmyre, mid way between Dumfries and Lochmaben in Dumfries and Galloway, where his parents were farmers. At the age of 17 he went to Bristol, and from there to the Bahamas. Here he became a prosperous merchant by a variety of means, including, some have suggested, activities that bordered on piracy.
From the Bahamas he moved to Holland, where he invested his fortune in Dutch Banks. Paterson returned to London from Holland and published a document called "A Brief Account of the Intended Bank of England" under which a central bank would be set up to help with Government finance. William Paterson. William Paterson - Sweetheart Abbey, Scotland — Gravestone pix. Sir William Paterson is buried in an unmarked grave at Sweetheart Abbey, near to Dumfries in Scotland. William Paterson plaque, Lochmaben Town Hall As the founder of the Bank of England, he is also recognised as one of the key players in the creation of the global banking system we have today.
Born in April 1658 at Skipmyre, Tinwald, it is thought he was educated at Lochmaben. Aged just 17 and with a yearning to explore, he journeyed south to England and after a short time travelled to America via the port at Bristol. Whilst in the Bahamas the history of William Paterson becomes cloudy, with some commentators saying he may have become a buccaneer or even a preacher. Whichever way the story goes, he returned to Scotland a wealthy man with some influence.
Darien Scheme The project became known as the Darien Scheme, with William Paterson convinced that Scotland’s fortune could be made in Central America. Darien is an area near to Panama. Founder of the Bank of England Darien Venture - BBC Like this: The Synagogue of Satan 740-1818. The five Rothschild brothers work to supply gold to both Wellington’s army (through Nathan in England), and Napoleon’s army (through Jacob in France), and begin their policy of funding both sides in wars. The Rothschilds’ love wars because they are massive generators of risk free debt. Risk free, because the debts are guaranteed by the government of a country, and therefore the efforts of the population of that country, and furthermore it doesn’t matter which country loses the war because the loans are given on the guarantee that the victor will honour the debts of the vanquished. Whilst the Rothschilds’ are funding both sides in this war, they use the banks they have spread out across Europe to give them the opportunity to set up an unrivalled postal service network of secret routes and fast couriers.
Relevant post these couriers carry is opened up by these couriers and the details of their contents given to the Rothschilds’ so they are always one step ahead of current events.