Agency:
Mcnaughtan and Co
Agency Number:
Start Date:
01 Jan 1856
End Date:
30 Jun 1864
Description:
Alexander McNaughtan with junior partners Thomas Brown and John Dunn Jnr founded McNaughtan and Co in Launceston in around 1856/57. ;;In Feb 1859 the firm contracted to lay a Submarine Cable across Bass Strait for 50,000 pounds, a third of which was paid by Victoria. The sections from Cape Otway to King Island and from Circular Head to the River Tamar were successful. Storms and rockbeds south of King Island damaged the cable and it broke down completely in January, 1861. A select committee in Hobart exonerated McNaughtan & Co from any fault and they were paid for their work. In June, 1864, the Cornwall Chronicle announced the failure of McNaughton and Co. following a meeting of creditors on Tuesday, June 21st. The liabilities totalled 29,000 pounds and the assets 27,000 pounds. The article praised Mr. McNaughton and expressed the regrets of the community.;;William Johnstone, Richard Green and Lewis Cohen were appointed Trustees.
Information Sources:
Tasmanian News, 24/09/1884, p.2; Tasmanian Times, 2/1/1869, p.2; ADB, Vol.5. 1974; Cornwall Chronicle, 25/06/1864, p.4.
Functions Performed:
Tasmanian businesses
Related Agencies:
John Bogle and Family (NG2844) | 01 Jan 1811 | 20 Mar 1879 |
Alexander Mcnaughtan (NG3668) | 28 Nov 1815 | 06 Aug 1884 |
William Johnstone, Merchant and Family (NG1500) | 01 Jan 1821 | 31 Dec 1874 |
Kerr, Bogle and Co (Alexander, Kerr and Co) (NG2481) | 01 Jan 1832 | 31 Dec 1856 |
Series Created By Agency:
LMSS12 Papers of Archdeacon W H Browne & Papers of Historic Interest collected by Justin Mccarty Browne | 01 Jan 1811 | 31 Dec 1889 |
NS2961 Letterbooks | 30 Jan 1839 | 14 May 1852 |
NS411 Correspondence and associated Papers of Johnstone & Wilmot and a Mcnaughtan, Merchants, Launceston. | 01 Jan 1846 | 31 Dec 1914 |
NS2964 Letterbooks - English | 08 Dec 1857 | 23 Apr 1864 |
NS2966 Letterbook of Correspondence with Messrs Brown, Dunn, Salmon & Co | 11 Dec 1857 | 20 Aug 1861 |
NS2965 Letterbook - Foreign | 09 Jan 1858 | 23 Apr 1864 |
NS2963 Letterbooks - Inland | 13 Jan 1858 | 17 Mar 1863 |
NS2968 Letterpress Account Book | 21 Jan 1858 | 20 Feb 1861 |
NS2962 Letterbooks - Colonial | 30 Jan 1858 | 28 Apr 1865 |
NS2969 Record of the Import, Receipt and Sale of Wool, and Other Goods | 14 Aug 1858 | 31 Dec 1863 |
NS2967 Letterbook of Correspondence with Messrs Redfern, Alexander and Co., London | 13 Jun 1860 | 23 May 1864 |
NS6433 Correspondence | 09 Mar 1865 | 09 Mar 1865 |