The Scotch Banks and System of Issue: Including Translation of Les Banques (Classic Reprint) - Hardcover

Robert Somers

Hardcover

ISBN 10: 0266358934 ISBN 13: 9780266358930

Publisher: Forgotten Books, 2018

Synopsis

Insightful historical analysis of a mid-19th century banking crisis in Scotland, explaining how note-issues interacted with bank liquidity and public trust.

The book examines the Western Bank of Scotland during a period of sharp financial strain. It explains how distrust, deposits withdrawals, and market pressures can reveal a bank’s fragilities even as it continues to issue notes. Through detailed narrative, it shows how crises unfolded from the inside of the banking circle to the wider economy, and why external support from other banks or the Bank of England was often insufficient.

• How note-issue systems work and why they mattered to everyday business.
• The sequence of events that led to the Western Bank’s decline and its consequences for customers.
• The roles of other Scottish banks and the Bank of England in crisis management.
• Lessons about financial stability, trust, and policy in a period of rapid economic change.

Ideal for readers interested in financial history, banking crises, and the mechanics of 19th‑century Scottish finance.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0266358934
• ISBN 13: 9780266358930
• Binding: Hardcover
• Number of pages: 270