[citation needed] On 1 June 1806 an agreement was entered into whereby John Jones, a London-Welsh surgeon and apothecary, of Gracechurch Street, London and Derry Ormond, Ceredigion, Thomas Morgan, an Aberystwyth solicitor and David Davies, of Machynlleth later of Aberystwyth, then of Castle Green House, Cardigan, entered into partnership to carry on for 14 years a banking business under the name Jones, Morgan & Davies.
[1] The bank premises, stuccoed with corniced eaves, were located at 43 Bridge Street, Aberystwyth, in a row of three-storey late Georgian houses.
He was given meat, drink, and lodging by David Davies, and the arrangement could be terminated by either party on six months’ notice.
By means of an indenture dated 13 September 1808, Thomas Williams acquired a one-third share in the Bank, and otherwise on terms identical to the partnership deed of 1806.
His name appears in a list of donors, having given a donation of £100 towards the work in rebuilding St Michael’s Church (built 1829-33), Aberystwyth in 1830.
Despite dissolution of the partnership in 1815, and payment of creditors in full, the business appeared to have been continued by Thomas Williams.
It was known as Williams, Davies and Co. Rice Jones later became a partner with Henry Benson (a wine dealer and sometime a mayor and coroner).