SAVINGS Bank was established in Montrose in April, 1815, and has been continued ever since. In the New Statistical Account of Scotland, it is stated “There are at present 318 depositors, and the amount belonging to them is £1307, which is lodged with the Montrose branch of the National Bank of Scotland. There is, also a savings bank connected with one of the spinning mills, for the accommodation of the labourers employed in it/’ A bank for small savings has long been kept in Castle Street School, open on Thursday evenings, and most regularly attended by Mr. Andrew Ross, in which many children have deposits, a very good thing for them. The Montrose National Security Savings Bank was established in 1840,—office in John Street, which is open for receiving and paying money on Thursday evening, from half-past six to half-past eight o’clock; on Friday forenoon, from nine to twelve o’clock; and for receiving money, on Saturday evening, from half-past six to eight o’clock. Trustees and Managers, the Provost of Montrose, Ac. (fee. The bank is managed by Mr. James Mudie, manufacturer. The twenty-fifth Annual Report states as follows :—

There is also a Post-Office Savings Bank, which commenced operations in September, 1861, all the progress of the bank from that time, and especially during the year 1862, has been highly satisfactory. It is to be hoped that the qualification of new voters for Members of Parliament, as to having a certain amount of money in the Savings Bank, will become law, as “Money is a Defence,” and, next to wisdom, a man’s best defence, for he who has lost his money, as the world goes now, has lost his best friend, and is often reckless of consequences, and an unsettled friend to order. Money is the balance-wheel of the nation’s machinery, which equalizes its motions, making them neither too fast nor too slow.