On this day: Britain’s first banking crisis Opinion On 8 June 1772 Alexander Fordyce, a partner at Neale, James, Fordyce and Down absconded to France to escape crippling debts caused by a sharp rise in shares in the East India Company, writes Eliot Wilson As 1772 opened, Alexander Fordyce seemed like a wealthy and successful man. He was 42 years old, a partner [...]