The History of The Clydesdale Bank 1838-1938.

REID, J. M.

$100.00

Item Number: 124093

London: Blackie and Son Limited, 1938.

First edition of Reid’s authoritative history of the Clydesdale Bank. Octavo, original cloth, illustrated, engraved frontispiece portrait of James Lumsden, the first chairman of the bank. Very good in the scarce original dust jacket which is in very good condition. With the Clydesdale Bank’s complimentary slip laid in.

The Clydesdale Bank opened for business in Glasgow and Edinburgh in 1838. In 1857, it became the first Scottish bank to produce a printed balance sheet, and it showed assets of £2.7 million and net profits of £70,000. Throughout the next several decades, it acquired the Western Bank of Scotland, the Edinburgh and Glasgow Bank, and the Eastern Bank of Scotland. During what Reid described as "the tranquil years" between 1890 and 1914, the Bank continued to open branches, particularly in areas enjoying export growth, and the network increased from 158 in 1919 to 205 in 1939.