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Edinburgh Savings Bank
Formed in 1836, the Edinburgh Savings Bank was successor to the Edinburgh Bank for Savings, which dated back to 1814. Although formed after the Ruthwell Savings Bank, the Edinburgh provided the model for future savings banks. By the end of World War two, it was second in size only to the Glasgow Savings Bank. In 1975, Edinburgh merged with three other Scottish savings banks to form an enlarged South of Scotland TSB. History The Edinburgh Savings Bank was, in essence, a continuation of The Edinburgh Bank for Savings; that grew out of the Edinburgh Society for the Suppression of Beggars, and it opened its doors in January 1814. The chief promoter was JH Forbes, son of banker Sir William Forbes of Pitsligo. The Bank's early history was notable for “One of the wordiest warfares in the history of savings banks”. This revolved around the claims made by Forbes and the Reverend Henry Duncan, founder of the Ruthwell Savings Bank, as to which of the two was the first savings bank. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruthwell Savings Bank
Ruthwell Savings Bank, the first of its kind, was formed in Ruthwell in 1810, by the Rev. Henry Duncan. Although a pioneer in savings bank history, the Ruthwell achieved limited commercial success and was taken over by the Annan Savings Bank in 1875. History Formation The Ruthwell Parish Savings Bank was founded in the parish of Ruthwell near Dumfries, Scotland in 1810, and is widely held to be the first bank of its type. Its founder was the Rev. Henry Duncan, regarded as the “father of savings banks”.H Oliver Horne, ''A History of Savings Banks'', Oxford, 1947 Duncan was born in 1774 near Dumfries and after two years at the University of St Andrews he took a job in 1790 at Arthur Heywood & Co., a Liverpool banking house. Tiring of banking, he decided to follow his father into the church and attended both Edinburgh and Glasgow universities. In 1799 he was appointed minister of the small parish of Ruthwell.Michael Moss, ''Henry Duncan and the Savings Bank Movement in the UK'', 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glasgow Savings Bank
The Glasgow Savings Bank, formed in 1836, had become the largest savings banks in Scotland by the mid-1850s and the largest in the country by 1870. When the trustee savings banks were reorganised into regional banks in 1975 Glasgow became the core of the West of Scotland TSB. History Early history The first Glasgow Savings Bank was formed in 1815 but, like the Edinburgh Savings Bank, it became largely moribund and was replaced by a new institution.H Oliver Horne, ''A History of Savings Banks'', Oxford, 1947 Since 1817, England and Wales savings banks had been allowed to invest with the National Debt Commissioners on beneficial terms and the Savings Bank Act 1835 extended this right to Scotland. Alexander Gray, an accountant, had published a pamphlet extoling the virtues of the Savings Bank Act 1835, and organised a meeting of “prominent Glaswegian gentlemen” in March 1836.J D Campbell, ''The Savings Bank of Glasgow'', 1985, Glasgow A public meeting was held and the new ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Of Scotland TSB
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both west and east. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', ), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). South is sometimes abbreviated as S. Navigation By convention, the ''bottom or down-f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir William Forbes
Sir William Forbes of Callendar (1743–1815) was a prosperous coppersmith and landowner who lived in Callendar House in Falkirk, Scotland. Biography Forbes was a self-made man. The son of an Aberdeen merchant, he began work as a coppersmith and won a government contract to sheath ships' hulls in copper. With the fortune he made (equivalent to over $1 billion in today's terms), he purchased the estates of Callendar and Linlithgow near Falkirk, which had been forfeited by the Jacobite Earl of Linlithgow after the 1715 Jacobite rising. He bought the estates at auction and is said to have astounded bystanders by producing a banknote for £100,000, specially printed for the occasion, at the age of just 40. At the time he was the greatest landowner in the county, with some of the largest collected lands in Scotland.He was not popular with local people, but nevertheless his family retained great influence over the area for two centuries. As a successful coppersmith from Aberdeen, am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Duncan (minister)
Henry Duncan Fellow of the Royal Society of Edinburgh, FRSE (8 October 1774 – 12 February 1846) was a Scottish Ministers and elders of the Church of Scotland, minister, geologist and social reformer. The minister of Ruthwell in Dumfriesshire, he founded the world's first mutual savings bank that would eventually form part of the Trustee Savings Bank. He served as Moderator of the General Assembly of the Church of Scotland, Moderator of the General Assembly of the Church of Scotland, General Assembly of the Church of Scotland in 1839. At the Disruption has left the Church of Scotland and sided with the Free Church of Scotland (1843–1900), Free Church. He was also a publisher, a philanthropist and an author, writing novels as well as works of science and religion. Early life Duncan was born in 1774 at Lochrutton, Kirkcudbrightshire, where his father, George Duncan, was minister. As a boy he met the poet Robert Burns, who visited Lochrutton Manse. Duncan was educated in D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scotland
Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjacent Islands of Scotland, islands, principally in the archipelagos of the Hebrides and the Northern Isles. To the south-east, Scotland has its Anglo-Scottish border, only land border, which is long and shared with England; the country is surrounded by the Atlantic Ocean to the north and west, the North Sea to the north-east and east, and the Irish Sea to the south. The population in 2022 was 5,439,842. Edinburgh is the capital and Glasgow is the most populous of the cities of Scotland. The Kingdom of Scotland emerged as an independent sovereign state in the 9th century. In 1603, James VI succeeded to the thrones of Kingdom of England, England and Kingdom of Ireland, Ireland, forming a personal union of the Union of the Crowns, three kingdo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Of Glasgow Bank
The City of Glasgow Bank was a bank in Scotland that was largely known for its spectacular collapse in October 1878, which ruined all but 254 of its 1,200 shareholders since their liability was unlimited. History The bank was founded in 1839 with an initial capital of £656,250 (equivalent to about £56 million at 2023 prices). It aimed to cater particularly for small savers, with its branches opening in the evenings to receive deposits. It was part of a wave of bank formations that saw 16 Scottish banks established between 1825 and 1840. By the 1870s the bank had grown to have the third-largest branch network in the United Kingdom. As was common at the time its shareholders had unlimited liability and so they were jointly liable to cover any debts and were called to inject additional funds to cover any losses. The bank's principal office was established in Virginia Street, Glasgow in 1842 and moved to 21 Glassford Street in 1851. In 1855 it moved to a huge building on Tronga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leith
Leith (; ) is a port area in the north of Edinburgh, Scotland, founded at the mouth of the Water of Leith and is home to the Port of Leith. The earliest surviving historical references are in the royal charter authorising the construction of Holyrood Abbey in 1128 in which it is termed ''Inverlet'' (Inverleith). After centuries of control by Edinburgh, Leith was made a separate burgh in 1833 only to be merged into Edinburgh in 1920. Leith is located on the southern coast of the Firth of Forth and lies within the City of Edinburgh council area; since 2007 Leith (Edinburgh ward), it has formed one of 17 multi-member Wards of the United Kingdom, wards of the city. History As the major port serving Edinburgh, Leith has seen many significant events in Scottish history. First settlement The earliest evidence of settlement in Leith comes from several archaeological digs undertaken in The Shore, Leith, The Shore area in the late 20th century. Amongst the finds were medieval wharf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1836 Establishments In Scotland
Events January–March * January 1 — Hill Street Academy is named Colombo Academy and acquired by the Government, establishing the first public school in Sri Lanka. * January 1 – Queen Maria II of Portugal marries Prince Ferdinand Augustus Francis Anthony of Saxe-Coburg-Gotha. * January 5 – Former U.S. Representative Davy Crockett of Tennessee arrives in Texas to join the Texan fight for independence from Mexico. * January 12 ** , with Charles Darwin on board, reaches Sydney. ** Will County, Illinois, is formed. * February 8 – London and Greenwich Railway opens its first section, the first railway in London, England. * February 23 – Texas Revolution: The Battle of the Alamo begins, with an American settler army surrounded by the Mexican Army, under Santa Anna. * February 25 – Samuel Colt receives a United States patent for the Colt revolver, the first revolving barrel multishot firearm. * March 1 – Texas Revolution – Convention of 1836: Delegates from m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
