Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1847-02-04
NUMBER IA.
From ihe american Traveller.
Rank Of England.

from which light Is obtained for the numerous de-
partments Of the establishment, there being no win.
dows in the exterior OF the building The prnci-
pal entrance is through spacious archway, that
leads into a large apartment, which has more tho
appearance Of a courtyard than Of room where
the ordinary business Of the bank is iransaeted.--
Access to this establishment is much more easy
than might be supposed. You can pass into ma
ny Of the apartments without any obstruction. In
order however, to see the vaults and more private
rooms il is necessary to get pass from the Presi
dent Of The Bank, aud this believe is not ordina-
rily obtained except by means Of some introduce
tions TO the President
Once within the lofty and jail-like walls Of the
Bank, and you are within banking world. The
extent and variety Of the asionish and bewil
der you. You go through long passage-ways into
successive suits Of rooms you cross courtyards in-
to other buildings il would seenl though really
the same, until wearied and exhausted, you are
glad to get out of the labyrinth in the most expe-
ditious way possible. Some 500 clerks find shell
ter under these roofs, besides we know not how
many workmen and servants Of different kinds
Every thing that necessary to carry on the opera
tions Of the Bank finds accommodation within its
spacious walls. There is printing establishment
and bindery, well apartments for smelling
aud coming gold and silver The machine for
printing and at the same time registering the bank
notes, is curious As fast note is printed, its
number is registered by the machine, the figures
,. 81 a"s 'aas .'s,, P', e
L. 80, ~ "S ~ So, ,,a..,,. T. IT,
...SL ~, go, ST. a mi as.;J " a,I ~. -
a,'.a y, ). p'soeu -. s,'a' oa,,'af
,,oIS az, S,,d" e -, nun s, ,,. 81 ~ S S
recoined il generally being found slightly short in
weight in consequence Of the necessary wear in
passing from hand TO hand. The quantity Of gold
and silver that is bro't 10 these vaults and that is
,.,;0,ss sss = ,hs co,,rvo,d ad;o;n;,, he MIN,
~ '''S ~ '''S
1"e =, .'n u'ar"o " W. " .ee "ses'
WIN eou a"u s''e' a"u ~ N'e
lo1I', ~"'en - quee log one; sne 'eaTy coinea
s.;sha ;,,, Psa IT., ~ ~ III.
,,h vi" 40 a,t
~" e"ne' s'ue 49, Y i.g". Lese
Pseou noes Oh one sue ale ',leu WI" Snan osgs
,Jo. a"s ~ a"e ,, w Sa"S III,
h.. r -, i. .Ou'ahu POonJ, ol sn
!. s,,aJ An,Las s r. soon 200 i - ~.
:~.-,-I, ~. :. :. -
&c '''p " P-PN' 10 '-"~ Jus " ss' $50
tn.
nus same Dang o. Eng'anu Is most WONDER
iui anu a'i-Poweriui monied establishment ne
lowest amount OIL oulon INA. !. nas haa IN us vaults
Tor many years, was TX millions pounds sterling,
OF over IL miiiions oil dollars; ana at the present
tune, II probably has nearly seven times that a.
mount. eissG relseV s
There is no bank in the world that will compare
with the Bank Of England as a bank Of deriost and
circulation. Its greatness may be attributed mainly
TO the peculiar favor of the English Goyernment--
The Bank was founded in 1904 and from a short
time after its establishment (I70S) till 1896, no
company with more than six partners was allowed
TO issue notes payable on demand in England or
Wales and even now, the same restriction and
prohibition continues in force within IS miles Of
London. The Bank of England is the Government
Bank, receiving for Government the produce Of all
the taxes loans &c and paying the interes. on the
public debt the drafts Of the Treasury and Of all
other departments Of Government. For this service
the bank receives about sfI30, 900 year, and the
use Of all balances Of public money in her hands
The Government is also borrower from the Bank
10 the amount of above ell 100000. This furn-
ishes security to the public for the payment Of
the notes Of the bank for all Of this enormous sum
must be sacrificed before the private stockholders
or depositors Of the bank can lose any thing
Notwithstanding the enormous amount Of bullion
in her vaults, and the unequalled advantages which
this bank enjoys from government patronage, and
its unrivalled occupancy Of London, the centre Of
the monied interests Of the world yet the Bank Of
England has once at least been compelled to sus-
pend specie payments This was in 1896 1877 ;
but its credit was not much affected, for the bank
was able, even then, to show surplus stock, after
all her debts paid, Of no less than els 573,-
| 900, and its notes we're consequently regarded as
nv ~ a 4