McARTHUR, DAVID CHARTERIS (1808-1887), banker, was born on 20 September 1808 in Gloucester, England, son of Captain Donald McArthur and his wife Elizabeth, née Wemyss. Educated in Scotland, he worked for an insurance firm in Edinburgh and then joined the Bank of Australasia when it opened in Sydney in December 1835. An able accountant, he went to Melbourne in a cutter with £3000 in coin, an armed guard and two bulldogs, and opened a branch of his bank in August 1838. He kept the government account and won so much private business that in three years his branch was nearly the size of the office in Sydney.
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Australian Dictionary of Biography
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