Buchanan County bulletin and guardian. (Independence, Iowa) 1866-1869, 1867-01-01
THE BANK OF e.cLhAD.
A gisit p It.

The bank of England Il an immense afy
I fair, covering al area ef eight acres. ~ ID
/ en- npioginz upwards Of . th1asaad eie K !,
I ete., IN its vast operations. Bv the ki,iS.
ness of friehl We reg. admitted 10 The
fArta ci ], .g9ia vLica Tie public 4re excls-
I 4ca We first went 70 the bullion vanlts.
There we saw pile OF bags filed With
American gold, containing ahal. 81, 33G,
096 AID some IL Or u trucks. on each f
which lay bar. of yold, each of wlch con.
aiaed about $4,000 worth Of metal. By
70 gb calculation Of mine, reclspned
! the gold on th. trucks - b. worth about S5-,
( OJ9. 900. In another roota we saw bags aud
ks,ss of sil4er to q very large amount.
We then went to the cancelled nofe room
fca must remember that every hank of
England note il printed in duplicate, aud
one copy pad out twice bg the baak, n 1
every ore that cones i ,nen recorded i:s
books tor the purpose. tied up in bundles,
aua stored away for several years. and ttea
burned. Hence If any legal qaesti9a arises
about any note. IL can be traced and found
in few minutes, so perfect are iher az
raaeetnenis. When you remember TIA: -
bank of England note Is about twice IS
wrle asa "Ffeenback,f and shat between
Eie,9 and 3jD,001 Of. il comes ii during
tie lay, you see bow fast the accu mutation
viii 30. To-
We were 10 one room that had the ra-
ccipts for two years, and there were about
81, 900, 900, 900 sum that bewildc-. ore ~
imagine. A package containing G GOO
000 sas placed in my hands, SO ih1. .,s
at halt minute was millionaire, Sat
Ike ail other millionares / had to rive ~
ms treasures, only had ~, quite Al nsucn
trouble With mine as mauY og the oilers,
not having 70 take care Of !. 50 long. but
perhaps i lid iae quite as rnueh good as
iheiTs often does. | saw one ncte thai was
issued in 1899, and hal bocn Gat of tho
bank for nearly one hundred aai fiv years,
and others nearly as old rs tha, one. .
We then eeat 10 tie printing and p.al.
ing rooms, for they Do att their cvn work
Of that kind, ard saw all the variors process.
ses. Tee printing machines number each
note ~ il IS struck OF, By crr,Qns arrange.
ment IN The press, ard every note Is register
ea hg tte machine itself a. !; ia spriu,el, 50
that none can be stolen by the WORK mea.
The paper is also manGfa ctarcd here, ami
il IS in fhe water marks Of the parer that
the difficulty of countgfsitiay lics. The
notes are signed also by ma hincry, and the
whole process Is very curious.
The testing room for coin was also very
Interesting. the gold SOW vsreign., a. they
come in, are pat IN lasge hopper, which
distributes them into tubes. These tubes
are then put on weighing machine
80 ielica.ely adjusted thai it registers tie
l00th par. of 4 grain. The sovereigns slide
slowly from the tnbes into a little channel,
where they weighed as they pass. i: talt
weight the mae.tae drop, them on oae side.
if light. j. tosses then over on the other with
an almost contemptuons ssing. snd Isey are
taken 10 another machine, and there cut
through the edge. 50 thar they cannot 70
into circulation again. About thirtr.fve'
thousand per day may be tested an ,his way.
In the coin room we were showa bags on
ha-s 81 various eoins. aal one cgataiHia-
thousand pounds WAS psf into nv hands,
giving me command Of laorc gold than |
am likely 10 hessaie again. These "details
viii be enough " enahls yoa 10 see bar h
vas. concern Is this great baal. u Eret.a9,