Banking in England and Scotland developed along quite different lines from 1694 and 1695 when the Banks of England and Scotland were established. The Union of the Parliaments in 1707 left Scotland bereft of its own Parliament and the removal of the law-giving body to London had important repercussions on many aspects of life including Scottish Banking. During the 18th century while banking in England was constrained by laws designed to protect and aggrandize the Bank of England, Scottish Banking was free to develop along lines best suited to an emerging industrializing society.
The Scots claimed that their banking system was far more stable than the English, when they had the government interferes under the English bankers pressure with their banking performance.
In the 1870's the matter flared up again. With the improvement of communications during mid-19th century the regional money markets (Glasgow, Edinburgh, Liverpool, Manchester) gradually lost their standing to London as it became the money center of the World. It became increasingly frustrating to Scottish Banks to deal through agents in the premier money market over the boundary.
The Clydesdale Banking Company opened its three north of England branches at Carlisle, Whitehaven and Workington in Cumberland in January 1874. And then They had discussed over the bank's invasion into England from both interests of Bankers in England and Scotland. They also had a series of disputes on this problem at the Parliament for some years.
I wish to consider and compare the Scottish bankings at that time with that of England along with the Clydesdale Banking Company's behaviour.
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