text:  In 1826 the banking capital of Scotland was L4 900 000; in 1840 it was about L10 000 000; yet with all this progress in industry and wealth the circulation of notes which in 1825 varied from L3 400 000 to L4 700 000 was in 1839 from L2 960 000 to L3 670 000 and in the first three months of 1840 L2 940 000