George Gough Arbuthnot
Encyclopedia
Sir George Gough Arbuthnot (28 August 1848 – 3 May 1929) was a businessman and civic leader in British India.
Arbuthnot, the son of Archibald Francis Arbuthnot (son of Sir William Arbuthnot, 1st Baronet
) and Gertrude Sophia Gough was six times a member of the Madras Legislative Council
. He was seven times made chairman of the Madras Chamber of Commerce
, several times President of the board of directors of the Bank of Madras
, and in 1900 became chairman of the Famine Relief Fund. Grandson of a Baronet
, he was made a Knight Bachelor
on 10 December, 1901 for services to the British Empire
.
He became partner of Arbuthnot & Co
of Madras 1871 and was senior partner
in the firm at the time of its spectacular crash in 1906, as a result of which he was sentenced to 18 months rigorous imprisonment. The charges against him were (1) Cheating in respect of a fixed deposit in the name of the Rajah Krishna Badahur; (2) breach of trust respecting the Madras Equitable Assurance Society; and (3) breach of trust in misappropriating the funds of Arbuthnot's Industrials.
On 9 September 1873, Arbuthnot married Isabella Albinia Boyle, daughter of Richard Cavendish Boyle, the son of the 8th Earl of Cork
. They had two daughters.
Arbuthnot, the son of Archibald Francis Arbuthnot (son of Sir William Arbuthnot, 1st Baronet
Sir William Arbuthnot, 1st Baronet
Sir William Arbuthnot, 1st Baronet of Edinburgh was Lord Provost of Edinburgh and Lord Lieutenant of the City of Edinburgh....
) and Gertrude Sophia Gough was six times a member of the Madras Legislative Council
Madras Legislative Council
Tamil Nadu Legislative Council is the upper house of the bicameral legislature of the Indian state of Tamil Nadu. It began its existence as Madras Legislative Council, the first provincial legislature for Madras Presidency. It was initially created as an advisory body in 1861, by the British...
. He was seven times made chairman of the Madras Chamber of Commerce
Chamber of commerce
A chamber of commerce is a form of business network, e.g., a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community...
, several times President of the board of directors of the Bank of Madras
Bank of Madras
The Bank of Madras, one of the three Presidency Banks, the other two being, the Bank of Bengal and the Bank of Bombay, was established on 1 July 1843, and was headquartered in Madras, now Chennai. It is now subsumed in the State Bank of India.-Origin:...
, and in 1900 became chairman of the Famine Relief Fund. Grandson of a Baronet
Baronet
A baronet or the rare female equivalent, a baronetess , is the holder of a hereditary baronetcy awarded by the British Crown...
, he was made a Knight Bachelor
Knight Bachelor
The rank of Knight Bachelor is a part of the British honours system. It is the most basic rank of a man who has been knighted by the monarch but not as a member of one of the organised Orders of Chivalry...
on 10 December, 1901 for services to the British Empire
British Empire
The British Empire comprised the dominions, colonies, protectorates, mandates and other territories ruled or administered by the United Kingdom. It originated with the overseas colonies and trading posts established by England in the late 16th and early 17th centuries. At its height, it was the...
.
He became partner of Arbuthnot & Co
Arbuthnot & Co
Arbuthnot & Co was a mercantile bank, based in Madras, India. It was founded as Francis Latour & Co in the late 18th century, then became Arbuthnot De Monte & Co and failed spectacularly on 22 October 1906....
of Madras 1871 and was senior partner
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
in the firm at the time of its spectacular crash in 1906, as a result of which he was sentenced to 18 months rigorous imprisonment. The charges against him were (1) Cheating in respect of a fixed deposit in the name of the Rajah Krishna Badahur; (2) breach of trust respecting the Madras Equitable Assurance Society; and (3) breach of trust in misappropriating the funds of Arbuthnot's Industrials.
On 9 September 1873, Arbuthnot married Isabella Albinia Boyle, daughter of Richard Cavendish Boyle, the son of the 8th Earl of Cork
Edmund Boyle, 8th Earl of Cork
General Edmund Boyle, 8th Earl of Cork and Orrery KP , styled Viscount Dungarvan from 1768 to 1798, was an Irish soldier and peer. He became Earl of Cork and Orrery in 1798 on the death of Edmund Boyle, 7th Earl of Cork and was appointed a Knight of the Order of St Patrick on 22 July 1835....
. They had two daughters.