The Banks Reopen

Teller at Bank of Scotland's Glasgow office, early 20th century.

Teller at Bank of Scotland's Glasgow office, early 20th century.

The following entry relates to Bank of Scotland’s Glasgow branch. It provides an illuminating insight into conditions when the banks reopened after their extended holiday:

European War. 7 Aug/14 G[lasgo]w office have had a busy day but everything has passed off satisfactorily. Deposits have exceeded withdrawals by about £50,000... There has been a heavy demand for silver.

Though, as expected, requests for cash (silver coin) had been higher than normal, customers were still paying in substantial sums of money – a sign of their continued faith in the banks.

The anticipated crisis had been averted.

Return to the Outbreak page, or the main First World War page.