Excerpt from The One Pound Note in the History of Banking in Great Britain
A second EDITION of this work is issued in response to many requests, the original edition of 1886 having been long out of print. Several chapters have been partially rewritten, and the historical portions are continued to date. As formerly, the book consists of two sections, relating respectively to Scotland and England. In the first, the leading events of Scottish banking history are noticed so far as they were connected with One Pound Notes. These events arc not always given chronologically, the author desiring to follow the course of certain movements to their issue, rather than present a mere chronicle of facts. Thus the period 1727-1770 occupies three chapters, which, though parallel in date, each deal with separate characteristic banking movements of the time. This section ends with chapters on the Scottish law of bank notes, and their manufacture. In the second division, an attempt is made to prove, by an historical examination of English banking, that the reasons for the southern antipathy to such a currency are no longer cogent, and that its introduction to England would strengthen the banking system and benefit national interests. Some photo-lithographs of old notes are inserted to illustrate the Scottish section, which by the simplicity of their workmanship strengthen the argument on forgery in the English chapter.
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