commenced there on 1st October 1783. Up till
that time all the The banking business of Paisley
was transacted in Glasgow.
The next private bank which placed a branch in
Glasgow was Messrs. Dunlop, Houston, Gammell,&
Co.,bankers in Greenock,better known as the
" Greenock Bank." They did so on Thursday, 28th
July 1785. The bank commenced in Greenock on
the previous Monday.
The Greenock Bank transacted a large business.
Besides Glasgow, they had branches at Rothesay,
Lochgilphead, etc., and an extensive and influential
connection with the West Highlands. They had also
a large circulation in Cumberland, Westmorland, and
the Isle of Man, and for many years were the Govern-
ment bank in Greenock, for receiving and remitting
to London the customs and other branches of the
public revenue.
On Sunday, 9th March 1828, the bank was robbed
of £28,350 by English thieves. One of them, named
Henry Saunders, was tried, but acquitted in September
following. Most of the money stolen was, however,
recovered afterwards.
(£28,350-TODAY = £2,310,000)
http://www.bankofengland.co.uk/education/inflation/calculator/flash/index.htm
More to follow............
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