The National Register.
London, England, 1821-09-30 00:00:00

BANK OF B.VGLAND.

A great reduction is about to take place almost '
inunediately in the establishment of the Bank of
England. The number of clerks to be discharged
is stated at 125, of which 40 arc from the Hall side
or Cashier's office, and the remainder from the va-
rious accountant offices for the different classifica-
tions of stock, with the one and two pund Bank-
note office. In the latter, which employed between
900 and 300 clerks, the return to payments in spe-
cie must have led to the expectation of a very ma- '
terial reduction : but the number discharged under
the present arrangement is only twenty-four. It .1
was not at all known before Tuesday last, we be-
lieve, that the change was contemplated by the
Governors of the Bank, and the measure, therefore,
being one that involves the welfiire or subsistence of
so many families, appears a little abrupt. But in
the mode of carrying it into effect, the Bank have
acted with a degree of liberality which merits
praise. All the clerks now dismissed will receive an
annuity for life, iu proportion to the amount of pay
and length of service, a selection been made, as tar
as the interests of the concern rendered it pru-
dent to do so from those who are the soonest likely
from long services to claim the right of superannu-
ation. But every clerk discharged will, we under-
stand, be allowed the option, if he prefers it, of
receiving a sum of money equivalent to the value of
his annuity. Thus to those uho are still young and
have a talent for business, au opportunity will be
affindcd, by a supply of capital, of engaging in
trade, and of working out their oun independence.
The number of clerks employed at the Bank is above
I,ooo—the number discharged, therefore, is about
one-eighth part of the whole. By the measure a
saving will accrue to the Bank when the respective
annuities fall in, of about 20,0001. per annum.—
We understand that the cause assigned by the Di-
rectors for this step, in the notice to those clerks
whose services are to cease, is a general falling off
in the business of the establishment.

When King William was pressed by his Ministers
to discharge Sir G. Rook, on account of his conti-
nued opposition to their measures both in and out of
Parliament, his Majesty wisely asked if they had
any thing to object against him as an Admiral?—
but being dumb on that head, he told them he
would never disch.irg,e a brave and meritorious offi-
cer for his conauct as a Member of Parliament,
which was quite a dillurent duty, and ought to be
executed according to every man's conscience, with-
out the imputation of being disaffected.—lt would
have been honourable to those, in whose hands
the right of dismissing an officer is vested at ve.ivnt,
had the same course been pursued in the Case of Sir
Ruben

+0

FROM TUESDAY NIGHT'S GAZETTE.
BANKRUPTS.
.T. Knowles and H. Walker, Salford, Lancashire, machine
makers. Solicitors, Messrs. \Verson and Co. IVarntiml Court.
J. Lavender, Leominster, mercer. Sole. Messrs. Cardale and
Co. Gray's Inn.
J. Beeston, Drayton in Hales, Shropshire, mercer. Sole.
Messrs. Beaton and Co. Gray's Inn Place.
T. Gibson, junior, Liverpool, ship bread baker. Sol. Mr.
Chester, Staple Inn.
A. Gird, Park Lane, saddler. Sols. Messrs. Bourdillon and
Co. Bread Street, Cheapside.
11,110,11.1.1.

Oct. 20, J. Mitchell, se Hefts, dealer-23, T.
Kay. Prince's Square, natal!' Highway, coal merchant-23, It.
It; Rodham, North Shields, victualler-24,E. Phillip. Narhenll.
Pembrokeshire, linen draper-24, W. and H. Webb, Bristol,
linen drapers—qt., T. P. Jones, Carmarthen, linen draper.
CERTIFICATES to be granted Oct. 16.
J. B. Snowdon, Lynn, linen draper—J. Jagger, East Stone.
house, Devonshire, stone mason-11. Tredwen, Chopstow, Mon-
mmthshire, ship builder—T. Kay, Prince's Square, !tutelar
Highway, coal merchant—J. Bass, Holbeach, Lincolnshire.
hrcwcr—C. Cope, Berkeley Mews, Portman Square, job master
—II. W. Smith, Bird's Buildings, Islington, tea dealer—l.
'toile, Beech Street, Barbican, button seller.