The Scottish antiquary, or, Northern notes & queries . Bank. This bank did not altogether belie its nickname. John Belch, itsStirling manager, obtained a sequestration of the bank in 1805, but theshareholders denounced it as a part of a fraudulent scheme of a gang toappropriate the assets of the bank. Andrew Belch, the Glasgow branchmanager, fled the country, but was arrested in London. Much litigationensued between James Dundas, the trustee in the sequestration, and thedebtors of the bank, with varying success, before the banks affairs werefinally wound up. The Merchant Hank dealt mainly
The Scottish antiquary, or, Northern notes & queries . Bank. This bank did not altogether belie its nickname. John Belch, itsStirling manager, obtained a sequestration of the bank in 1805, but theshareholders denounced it as a part of a fraudulent scheme of a gang toappropriate the assets of the bank. Andrew Belch, the Glasgow branchmanager, fled the country, but was arrested in London. Much litigationensued between James Dundas, the trustee in the sequestration, and thedebtors of the bank, with varying success, before the banks affairs werefinally wound up. The Merchant Hank dealt mainly, if not entireTy, in Guinea NotCSi 1781. ^163,182 16 5 1793. 223,142 12 11 1801. 336,000 12 4 1811. 821,151 8 10 1815. ^699,085 2 o 1817. 670,418 11 1 1820. 1,194,989 19 4 1825. 1,008,284 18 6 22 The Scottish A ntiquary ; But before the events last narrated the name of Belch was identifiedin Stirling with banking operations. Peter Belch had been the first ofthese, and John, his son, trading under the name of John Belch andCompany, had succeeded Patie Belch and John Belch & Co. [1804-1806—Kerr on Banking, ], writes Shirra, were not exactly speaking public bankers, but ratherprivate bill-discounters. Patie was a publichouse-keeper, and had acquired or, Northern Notes and Queries. 23 some capital on which he traded by discounting bills of no great sums tohis needy neighbours who had not courage enough to enter the sweating-rooms of the big concerns. Patie died by his own hand in 1798,though his affairs were found correct and ample funds left. His son Johntook up the business in a more ostensible way than his father. He, how-ever, about 1806, made a moonlight flitting and his creditors made apursuit. At Falkirk they found a cart loaded with his stuff which wasseized and brought back. John himself escaped and eventually reachedLondon, where for some time after he attended Change. His effects leftin Stirling realised sufficient to satisfy his creditors and justice decli
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