It will be seen that the close of the war, in 1814, was the commencement of the great and violent monetary changes I have attempted to describe. There were then six banks in Birmingham. Two of these are altogether extinct; the other four have merged into existing banks. For convenience sake, I will sketch the extinct banks first, and afterwards show the processes by which the others have been incorporated with existing institutions. At the period mentioned, the firm of Smith, Gray, Cooper, and Co. had the largest banking business in the town. They carried on their operations in the premises in Union Street now occupied by the Corporation as offices for their gas department. This bank did a large business with merchants and wholesale traders, and it "was a very useful bank." After several changes, the firm became Gibbins, Smith, and Goode. In the great panic of 1825, one of their customers, a merchant named Wallace, failed, owing them L70,000. This, with other severe losses, brought them down. They failed for a very large amount. Such, however, had been their actual stability, that, after all their losses, and after payment of the costs of their bankruptcy, the creditors received a dividend of nineteen shillings and eightpence in the pound. Mr. Smith, of this firm, was a man of great shrewdness and probity, and was greatly esteemed by his friends. The late Mr. Thomas Upfill had, in his dining-room, an excellent life-size portrait of Mr. Smith, taken, probably, about the year 1820. This portrait is now in the possession of a lady at Harborne. The face is a shrewd and observant one, and it always struck me as having a remarkable likeness to the great James Watt, the engineer. Of Mr. Gibbins and Mr. Goode we shall hear more as we go on, but "Smith's Bank" became extinct. The firm of Galton, Galton, and James had their offices in the tall building in Steelhouse Lane, opposite the Children's Hospital. They weathered the storm of 1825, but, some years later on, Mr. James accepted the post of manager of the Birmingham Banking Company, whereupon the remaining partners retired into private life, and the bank was closed.