... mortgage. These stock- holders were to be allowed to borrow the notes of the bank, to the amount of their respective shares The History of Banks/13 in the stock, pledging that stock to the bank, ... much of his debt to the bank,and stop the interest upon it.This amounts, in fact, to allowing their customers interest upontheir deposits with the banks; and this great advantage to the customer,is ... from the king; one the Bank of Scotland, in 1695; the other, the Royal Bank of Scotland, in 1727. These two banks have branches in most of the principal towns of Scotland; but as they never obtained...