New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-07-26
Crriy P,ctch L-auIlcrs.

IL ENGLAND the first bankers were goldsmith;
bat in Scotland they In great many INSTANCES.
irGdosmcn Of very different Glass; srch a. Diapers
hsbert!asiers and com dealers OF ito many hrms
isen b oninence nom thee pursuits TIE old house q
Couis-the trunk TO spcai, ~ tho English and other
Coutts-is TIC most remarkable The ioruder Of the
house was pGiriok Coutls q native of Noatrooc, who
settled d. Edinburgh at tie beginning Of the eighteenth
century II G carried on mercantile sp-custionS Win
France Holland and Americ'. by which he acquired
fortune OF $50 900 scots which ropsontod consider.
rtlo In those days. AMER tho death Of Phir!cE
COutis hts John carried on tho business. cnaryg
IL considerably. aud taxing Conn e. pniiIf r 1tcir
business Has denng IN corn buying ang feln; goods
commission, and the lgOtgton %! bills of 20
Oh london. Holland. France, Italy, Spain aud Poftu-
gal The latter part OF The lrnoe vas yery prohtnbc
one 30 that MIR John Couts rcw rapidly rch and Was
chosen Lord Provost Of Edinburgh in consequence o
dsng lsbed himself IN thDt cnprcy by setting up IA
the ir,. Lord Provost who crcrainci pnhio uenis NJ
his house II hn,ng boon The en- imn previously 10
d, the donors Of the CITY nj conIouent tavern or
,ac.hou.e. Unfortunately ttc'e hosptai.ios len tie
worthy merchant into ~ the table TO which he
succumbcd ia no. NJ sbc aRe ~ any ono
Tis bfO1rht the third generation OF the tou'as on
tho stagr--corn merchants end commission agents
gradually coming be banker. The two sons at John
Cents, Patrick and Thomas, on whom deEoiYcc thc
business Of tho father not yc. abe claEy 10 DIS
Germ the advantages resulting from banking. fhry
knew That their oil transactions were very p.optaDc.
ana they even went 10 iir as !" hod money on t'ss
~
cartons kinds, the advantage OF hoth their chen's
and themselves; yet they held 20 corn dealing A. THO
CHIEF part OF thor business only dnb5llnE little now
and then In -muRgled g0Gds-tcH, s1ir1, tobncc0 ana
The like To asast in deiinudin his Icstys revcDue
wa held perfectly legitimate matter. ~ ~ wen
known. In The good Old tines. Or tho way in Which
tbs firm Of Patrick aud 1ho2as cOuIa carried on Iber
business 10 the msldle II the last century Interest
ing account IA given In Me Memoirs Of a llansinf
House" drawn up FROM the manuscript Of Sir William
torbcs The subsequent, head u tho establishment nan
bankers and half corn dealers the brothers Couts had
large number Of clients from when hey held moneys
In trust, for whom they neaotist'd Bills and the
whole Of those. often very importini transactions WA
carried GU In a couple OF small IOoas, on the second
boor Of house in Parliament close, Edinburgh Ihls
very unosicntators tenement Likewise formed the resi-
1cuce % the bothcrs and from here likewise they DE-
lectcd their transactions In cola. which were on con-
| siderable scale.
| They had settled agent in Northumberland. who
employed to make purchases for the House. aud oi
one else IN that county; opd they had freai many
commission agents In TIE chief AGRICULTURAL districts 81
Elfirnd and Scotland. Among the latter number Was
| Q somewhat noted character fir. Cooper Thorihin
Nhg. az at time. kept the Bell Inn II Hilton. Thorn
hill deserves few wogds I0lice IA 1as Rl!3ss TsS'