Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1853-08-24
oRTHcARoIINA sTAN DARI. NTgDN

: The BANK OF ENGLAND. e have been making a most
interesting and instructive visit to bank of Eng
lann For admission into the interior of this eharka-
bic building observe the operations of an institution
that exerts more moral and political power than any
sovereign IN Europe, you must have an order IRON
the Governor of the Bank, and this was given to me
through the Barings whose Kindness especially that
of Mr.. Sturgiss, have constantly experienced The
Bank building occupies irregular of eight
ores OF ground an edhce of no architectural beauty
with not window towards the street. being light
ed altogether from the roof of the enclosed areas
The ordinary business apartments differ from those
in banks only in their extent, thousand clerks
being constantly duty, and driven with business
at that But to form adequate idea of what the
Bank is, must penetrate its recesses its vaults and
offices where we shall 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 a few moments, messenger came and
conducted me through the mighty and mysterious
building. Down went into room where the
notes of the Bank received yesterday were now ex-
amined compared with the entries In the books, and
stored away.
The Bank ofEngland never issues the same note
second time, 1t receives in the ordinary course of
business about 9S00, 000 or $4,000 600, daily IN
notes; these put up in parcels according to their
denomination, boxed up with the date of their re-
ception, and kept ten years. at the expiration OF
which period they are taken out and ground up IN
the mill which saw running, and made again into
paper. If in the Of these ten years any dis
pute in business or lawsuits, should arise concerning
the payment of any note, the Bank can produce the
stantly used the Bank has its paper Makers its
own printers its engravers, all at work under
the same roof, and it even makes the machinery by
which the most of its work is done.
A complicated but beautiful operation is regis
ter, extending from the printing office to the bank
ing Offices which marks every sheet OF paper which
is struck off from the press that the printers can
not manufacture single sheet of blank notes that's
not recorded in the Bank. On the same principle of
exactness, shaft is made to pass from one apart
ment to another, connecting clock in sixteen bust
wings Of the establishment, and regulating them
withsuch precision that the whole of them are al
ways pointing to the same second of time.
In another room machine exceedingly sim
pie for detecting light gold coins. A of them
dropped one by upon spring scale if the piece
of gold of the standard weight the scale to
certain height, and the coin slid off upon side
into box; if less than the standard it little;
and the coin slid off the other side. l asked the
weigher what the average number of light coins
that came into his hands, and strangely enough he
said it was question he was not allowed to
Swer.
The next room entered was that in which the
notes deposited which are ready for issue. eve
have thirty two millions of pounds sterling this
room, " the officer remarked to me- will you take
little of it" told him it would be vastly agreeable,
and he handed me a million of dollars which
ceived with many thanks for his iberality, but helm
sisted my depositng it with him again. it would
be hardly safe to carry much money into the street
very much fear that shall that money
again In the vault beneath the floor was Director
and the Cashier, counting the bags of gold which
men were pitching down to them, each bag contain
ing thousand pounds sterling, just from the mint
This world of money seemed to realize the fables of
Eastern wealth. and gave and strong impressions
of the magnitude of the business done here and the
extent of the relations of this Institution to the
commerce of the world. Cor. N. Y. Observer.