hours of a public office, and the rules and regulations of a well-governed company; and no company like the bank can be managed without fixing stated office-hours for business, and establishing rules and regulations which will never answer the management of the exchange trade.’ As for the branch-offices, the inland exchange contemplated there failed from another cause, strikingly significant of the small amount of commercial intercourse then existing between the capital and the provinces of Scotland. The bank, we are told, found it impracticable to support the four sub-offices ‘but at an expense far exceeding the advantage and conveniency rising therefrom; for, though the company would willingly have been at some moderate charge to keep them up, if they could thereby have effectuated an answerable circulation of bank-notes about these places, for accommodating the lieges in their affairs, yet they found that those offices did contribute to neither of those ends; for the money that was once lodged at any of those places by the cashiers issuing bills payable at Edinburgh, _could not be redrawn thence by bills from Edinburgh_‘—of course, because of there being so little owing in Edinburgh to persons residing in the provinces. So, after a considerable outlay in trying the branch-offices, the directors were obliged to give them up, and ‘bring back their money to Edinburgh by horse-carriage.’[155] [Sidenote: 1695.] The company’s business was thenceforward for many years ‘wholly restricted to lending money, which seems to be the only proper business of a bank, and all to be transacted at Edinburgh.’[156] [Sidenote: JULY 17.] The estates of Duncan Forbes of Culloden, in sundry parishes near Inverness, having been much wasted in 1689 and 1690, both by the ravages of the king’s enemies and the necessary sustentation of his troops, he now gave in a petition shewing that his damages had in all amounted to the sum of £47,400, 6_s._ 8_d._ Scots. The parliament recommended his case to the gracious consideration of his majesty,[157] and the result was a requital, not in money, but in the form of a perpetual privilege to the Laird of Culloden of distilling from the grain raised on his estate of Ferintosh, upon paying of only a small composition in lieu of excise.