which originally fell to him out of the wreck of the family estate, rendered it
absolutely necessary for me to attach myself to some profession, for my future
support and the restoration of the decayed fortunes of my family." In pursuance of this honourable feeling, he early and assiduously applied to the profession which he had embraced, and by this means, was enabled ultimately to
effect the object of his ambition, to an extent that rarely falls to the lot even of
the most prosperous in this world.
His apprenticeship lasted seven years, during which he continued to live with lady Forbes in the same frugal and retired manner, but in the enjoyment of the same dignified and excellent society which they had embraced upon their first coming to Edinburgh. After its expiry, he acted for two years as clerk in the establishment, during which time his increasing emoluments enabled him to make a considerable addition to the comforts of his mother, whose happiness was ever the chief object of his care. In 1761, his excellent abilities and application to business, induced the Messrs Coutts to admit him as a partner, with a small share in the banking house, and he ever after ascribed his good fortune in life, to the fortunate connexion thus formed with that great mercantile family. But without being insensible to the benefits arising from such a connexion, it is perhaps more just to ascribe it to his own undeviating purity and integrity of character, which enabled him to turn to the best advantage those fortunate incidents which at one time or other occur to all in life, but which so many suffer to escape from negligence, instability, or a mistaken exercise of their talents.
In 1763, one of the Messrs Coutts died; another retired from business through ill health, and the two others were settled in London. A new company was therefore formed, consisting of Sir William Forbes, Sir James Hunter Blair, and Sir Robert Herries; and although none of the Messrs Coutts retained any connexion with the firm, their name was retained out of respect to the eminent gentlemen of that name who had preceded them. The business was carried on on this footing till 1773, when the name of the firm was changed to that of Forbes, Hunter, & Co., which it has ever since been; Sir Robert Herries having formed a separate establishment in St James street, London. Of the new firm, Sir William Forbes continued to be the head from that time till the period of his death; and to his sound judgment and practical sagacity in business, much of its subsequent prosperity was owing. His first care was to withdraw the concern altogether from the alluring but dangerous speculations in corn, in which all the private bankers of Scotland were at that period so much engaged, and to restrict their transactions to the proper business of banking. They commenced issuing notes in 1783, and rapidly rose, from the respect and esteem entertained for all the members of the firm, as well as the prudence and judgment with which their business was conducted, to a degree of public confidence and prosperity almost unprecedented in this country.
In 1770, he married Miss Elizabeth Hay, eldest daughter of Dr (afterwards Sir James) Hay; a union productive of unbroken happiness to his future life, and from which many of the most fortunate acquisitions of partners to the firm have arisen. This event obliged him to separate from his mother, the old and venerated guide of his infant years, as her habits of privacy and retirement were inconsistent with the more extended circle of society in which he was now to engage. She continued from that period to live alone. Her remaining life was one of unbroken tranquillity and retirement. Blessed with a serene and contented disposition, enjoying the kindness, and gratified by the rising prosperity and high character which her son had obtained; and fortunate in seeing the fortunes of her own and her husband's family rapidly reviving under his successful exertions, she lived happy and contented to an extreme old age, calmly
