The Port Gibson reveille. (Port Gibson, Miss.) 185?-1857, 1853-09-14

An intelligent correspondent Of the New
York Observer says:
have been making most interesting and
instructive visit 10 The Bank Of England.
For admission into the interior Of this re-
markable building to observe the operatious
Of an institution that exerts more moral and
political power than any sovereign in Europe,
YOU must have m order from the eGovcrnor OF
the Bank, and this was given to me through
the Barings, whose kindness especially that
of Mr. Saurgiss, / have constantly expert
enced The bank building occupies an irreg-
ular area Of right acres Of ground an edI-
/ fee of no architectural beauty, with not one
window toward the Streets being lighted al
together from the roof or the enclosed areas.
The ordinary business apartments diiier from
those in our banks only in their extent, a
thousand clerks being constantly on duty
and driven with business at that Bat to
i form an adequate idea of what the bank IS.
we must penetrate its recesses, its vaults and
Offices, where we shall see such operations as
are not known in Wall street. was led,
on presenting my card Of admission, into
private room, where after the delay Of few
moments, messenger came and conducted
me through the mighty and mysterious build
ing. Down we went in room where the
notes Of the bank received yesterday were
now examined, compared with the entries on
the books. and stored away. The bank q
4 ENGLAND neUcr issues Tie same note q
sccond time 1t receives in the ordinary
course Of business about GSOOOOO, or ST.
900, 900, daily in notes these are put up IN
parcels according to their denomination,
boxed up with the date Of their reception,
and are kept ten years; at the expiration OF
which period they are taken out aud ground
up in the mill which saw running, and made
again into paper.
II IN the course Of those ten years any dis
mute in business or law suit should arise con-
cerninr the payment Of any note, the bank
can produce the identical bill. To meet the
demand for notes SO constantly used up, the
bank has its own paper makers, its own prin-
tiers. its own engravers, all at work under the
same roof and it even makes the machinery
by which the most Of its own work i done.
4 complicated but beautiful operation is a
register extending from the printing Offices to
the banking Offices, which marks every sheet
Of naper which is struck off from the press.
% that the printers cannot print single
sheet Of blank notes that Is not recorded in
the bank. On the same principle of exact
ness. a shaft is made to pass from one apar'-
ment to another, connecting a clock IN sixteen
business wings Of the establishment and
reanlatinr them with such precision .hat the
whole of them are always pointing to the
same second Of time.
In another room was a machine exceeding
" simple for detecting light gold coins a
row Of them dropped one by one upon
spring scale if the piece oe gold was OF tue
standard weight, the scale rose to certain
height. and the com slid off upon one side into
A box: II less than the standard. it rose lit
lie higher, and the coin slidof upon the other
side. I asked the weigher what the aver
age number Of light coins that came into his
hands, and strangely enough he said It was Q
question he was not allowed to answer.
The next room entered was that in which
the notes are deposited which are ready fol
issue. 1--WE have thirty-two millions O
pounds sterling in this room," the officer re-
marked to me; will you have a little Of 1t =
told him it would be vastly agreeable, anC
he handed me a million sterling live millions
Of dollars) which received with many thanks
for his liberality but he insisted on my de
posting It with him again, as it would b
hardly safe to carry SO much money into th'
street. very much fear that shall neye
sec that money again. In the vault beneatl
the floor was director and the cashier count
ing the bags Of gold which men were pitching
down to them, each bag containing THOUSAND
mounds sterling from the mint. This worl'
of money seemed to realize the fables Of East
ern wealth, and give me new and strong i'm
pressions Of the magnitude Of the buslnes
done here. and the extent Of this one institu
ton on the commerce OF the world.