E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
Bonnet.
Braid Bonnet. The old Scotch cap, made of milled woollen, without seam or lining.
1
Glengarry Bonnet. The Highland bonnet, which rises to a point in front.
2
He has a green bonnet. Has failed in trade. In France it used to be customary, even in the seventeenth century, for bankrupts to wear a green bonnet (cloth cap).