Noteworthy: Clydesdale Bank’s demise

On a salary of £150 and supplied with £5,000 in credit, Mr Trotter set up on Clydeside as a dealer in bills of exchange, intending to put the Glasgow banks under pressure with his demands for collateral coinage. The Glasgow bankers, writes Perman, quickly realised what he was up to, and the Arms Bank decided to have fun at his expense.

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