Saturday, December 13, 2008

A Bedrock of Scottish Civil Life dies after 313 Years

I wrote on Thursday about the attempted castration of Scotland by Edward I of England. Well, some here feel that a combination of greed and arrogance both in Scotland and in the USA have now more or less done the job. It happened yesterday in Birmingham where shareholders voted to approve the merger of the Bank of Scotland with Lloyds TSB.

Just three years after the Massacre of Glencoe subscription books, bound in red leather, were opened in Edinburgh and London. In time, 172 shareholders emerged and gathered together a working capital of some £100,000 sterling. The following year The Bank of Scotland was the first in Europe to issue paper currency; seen here is a twelve pound note dated 24 June 1723 .

When Prince Charles Edward took Edinburgh in the 1745 Rising, all the bank's papers and valuables were safely stored in Edinburgh Castle which never fell to the Jacobites. And in the 1800's when many other banks failed, the Bank of Scotland soldiered on. Until yesterday.

The history of the bank is given here and the page's title is
'Bank of Scotland (1695 - )'.

Well now they can fill that bit in!

1 comment:

Bud Simpson said...

Good bye to Scottish notes as well? More's the pity. I'm beginning to believe that I was born at least thirty years late.