“ The family was originally of Montrose, but one of its members had settled at Edinburgh about 1696. Soon after the death of John Coutts the business was divided into two branches, one carried on in Edinburgh, the other in London. The banking business in London was in the hands of James and Thomas Coutts, sons of John Coutts. From the death of his brother in 1778, Thomas, as surviving partner, became sole head of the firm; and under his direction the banking house rose to the highest distinction. His ambition was to establish his character as a man of business and to make a fortune ”