 This led to a general run on British banks, in December 1825.It is unclear if David Morris & Sons suffered during this crisis, but on 22 December 1825, a public meeting was held at the Guildhall, Carmarthen, where a vote of public confidence was passed in this bank and Waters, Jones & Co. A similar meeting was also held, on 26 December 1825, at Llandeilo.David Morris & Sons survived the Panic of 1825 and continued to operate successfully, until 28 November 1864, when the National Provincial Bank of England, Ltd., the pioneer of the big joint stock banks, first opened a branch in Carmarthen.