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In 1859 he won his most important competition, that for the Wallace Monument in Stirling, which was completed in 1869. This went Â£5000 over budget which resulted in the bankruptcy of the contractor and Rochead never receiving his fee.
Finally, in 1848, work started on the monument that stands today. After more fits and starts, the monument was finished in 1884 and opened to the public in 1888. The tapered shaft, or obelisk, is made of stone and is covered with white marble. The monument stands just over 555 feet.