Paterson, William, a famous financier, born in Tinwald parish, Dumfriesshire; originated the Bank of England, projected the ill-fated Darien scheme, and lost all in the venture, though he recovered compensation afterwards, an indemnity for his losses of £18,000; he was a long-headed Scot, skilful in finance and in matters of trade (1658‒1719).
Definition taken from The Nuttall Encyclopædia, edited by the Reverend James Wood (1907)
Paterson, Robert * Pathos