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This picture of the monumnet shows William Wallace as a statue on the side of the monument rallying his troops to battle. The picture was taken from the foot of the tower.

Standing 220 feet (67m) high, this Victorian Gothic tower was opened in 1869 to commemorate Scotland's greatest freedom fighter, Sir William Wallace (1267-1305). It literally "towers" over the surrounding area and provides excellent viewpoints of the whole of the Stirling area. It was funded by public subscription, and donations poured in from expatriate Scots around the world.

The story regarding Wallace has been told in many books and can be found across the internet but briefly:
In 1296, Edward I of England invaded Scotland and the Scottish Wars of Independence began. William Wallace then began a guerrilla campaign against the English. On 11th september, 1297, the Scots defeated the English army at the Battle of Stirling Bridge.
After defeat at the Battle of Falkirk in 1298, Wallace was betrayed and captured. He was hanged, drawn and quartered in London in 1305, and has since become a symbol for Scotland and Freedom.

The monument is on the Abbey Craig, a rocky crag from which Wallace watched the English army gather on the South side of Stirling Bridge.

This is a picture of the statue on the side of the building showing Wallace prepared for action.