Alexander Fordyce was an eminent Scottish banker, centrally involved in the bank run on Neale, James, Fordyce and Downe which led to the credit crisis of 1772.
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10 Facts About Alexander Fordyce
2.
Alexander Fordyce used the profits from other investments to cover the losses.
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4.
Alexander Fordyce was educated by his uncle Thomas Blackwell, principle and lecturing common law at Marischal College and who became his brother-in-law in 1751.
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5.
Alexander Fordyce was appointed rector of the Marischal College, Aberdeen in the same year.
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6.
Alexander Fordyce entered a series of fetes, banquets and entertainment, which threw those of the royalty in the shade.
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7.
Alexander Fordyce lost £300,000 shorting East India Company stock, leaving his partners liable for an estimated £243,000 in debts.
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8.
Alexander Fordyce had speculated away the bank's assets and lost the backing of the Bank of England.
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9.
Alexander Fordyce went through an examination at the Guildhall and declared personal bankruptcy.
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10.
Alexander Fordyce was again the defeated candidate at Colchester in 1780.
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