(c.1760–1820), entrepreneur. Arriving in Cork from his native Scotland in 1780, Anderson quickly established himself as a merchant in the city. A £500 investment multiplied quickly and by 1789 he could successfully bid for, and establish, the first Irish mail coach service. This proved both reliable and profitable. In 1791, borrowing £40,000, Anderson purchased a large Co. Cork estate, including the town of Fermoy. The town, which Anderson largely rebuilt, became the centre of his mail coach organization. In 1800 Anderson opened the Fermoy Bank. Later he reputedly declined a baronetcy, though the title was subsequently bestowed on his son. In 1807 he purchased, in partnership, the nearby Barry estates. However, this investment ultimately proved disastrous. The property was heavily mortgaged, and land values fell. In 1816 the Fermoy Bank closed and its proprietor was bankrupted. Anderson's attempts to revive his fortunes failed, and he died in reduced circumstances in 1820.
From The Oxford Companion to Irish History in Oxford Reference.
Subjects: European History.