The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-12-19
TME RANK or ENGLAND.
~.,ns Notable Things About Its Bu~in~ss
Mstll.,sts.
tron VI. ,.aua company.


Metlnsl..
Prem W. ,.iua company
4 few steps further on WAS the power
finances and trade all over the world
the Bank 81 England. Bounded on MI
four sides lay the street, MI it's windows
pruaent,ally open into n central court,
and. since the riots VI 1850, il Inns been
occupied every night by il detachment
Il soldiers. Its business requires u
working force of 400 men. lss bank
noes a,c printed within the building.
The same note IL never paid ont over
the counter twice. The new bill TINT il
Issued this morning Is retired ns soon
n. IL returns, no matter Ii the same
man pays II in again this afternoon
without II wrinkle in IL. 1t is allowed
to issue uotcs TO the amount of fih,.
pnu 40 Oh The security u its standing
lean of much larger amount 10 the
Government, which constitutes part
81 thu public debt. For every note In.
sued above TINT and IL has circnla-
,ion III over LII, OUD, 600 bullion of M
equal amount must bc paid into the
treasury, aal must hc kept there for
the redemption Of the note when II r.
turns. The traveller on tie continent
otter finds its notes ut pre-
mnim III gold. No note il issued
Of less denomination than ~. Every
note IN numbered, and the name of the
party 10 whom il Is paid out is carefully
recorded. Tie practice Of keeping u
memornndnm which will show from
ahom h. receives every hank note that
passes through his hands is common
nlao with the painstaking London
tral.sman. II proved fortunate thing
for friend ~ mine on one occasion.
lie had given his wife & 10 note. Their
little child got hold Of the porte-mon.
mai. and destroyed the note, M they
supposed, by throwing il on the open
fire. There would have been no hope
of realizing on agr.enback under such
circumstances Tut $50 was worth try
ing for. The number 81 tho note WI,
aseertaine.i from the parties through
whore hands il came 10 my friend, !.
sworn statement III tho facts wAs iilcs
ut the bank, and after year or 10 hat
passed without Its having been pre-
scented for redemption the bank pai,
over the money. The hank takes ii
aud pays ont its gold coin by weight
Sometimes it sends out sealed pack
age and receives il again before Tia
seal il broken, aud yet ledncls quito
sum from the amount Ut which Il PM,
il out, IL make good the loss -lctccte,
by the nnerring scales which occnrre,
!, liz tho abrasion III the coins III trans
portntion.
knowledge i poMcr.''
4 fcw days since lady asked I'm Il,
} origin u the phrase knowledge
} power" aud We replied by mil TINT
, war attributed 10 Lord Bacon. Hh
now replies by an tx'ract from Bnlwer
My Novel, In which the expires ion
quoted, accompanied by statomer
thnt no such sentence Ii 10 bc found ]
! all Lord Hacons works. We saw Blu
! wer's statement when the novel u
pearcd in Harper's Magazine. An
smiled complactntly over our own y,
! perior knowledge, ~ We hul traced III
quotation 10 the treatise of Bacon O
eccts and opinions de Hsrresiis), whei
!, IL occurs IN pArcnlhesis, and read
!, .nnm ri r0s1 xcicnfa POtexfns rst" In
! wer aud others naturally looked for Iii
! thought IN Bacon's Advancement 4
Learning and, not linl.ng anythin
! like N there. gave up the search. |
. tie connection. Bacon IL describing
: sect which held peculiar views on III
subject oil preslcslihAtion. Hc says tai
they give wider limits % tl,r knowledp
than 10 the power III Hod timplyin
tlat liz may foreknow acts without Mt
essarily prcordaining them, Or. rathr
they restrict His power III doing mn
: than Hls power ri knowing. .tor know
i. edge iisell isa power This ocs M
: me ia tin, kno~leigc con!cis pNac
hut hut The capacity 70 know may !.
termed power. Nen York tOuruf
/. ~ fommsffs
Ill thrE.PoMFn IN ii iinit II fas.r i,
, iraduccd ~ Watt III eanbl. him IL il
. ternine win. n:ae III engine IL send !.
lis s,is'nnars ~ snpcrsr'e slu tansb.
~ horses which Vii. nov power WA /
replace. In mol-tn practice j, refer
rather Co The size 81 tho GYM Ter tla
Ia the power caertcti, and tue value Il
the nuit Inns Ee.n IN varied Int
horsepower mnr imply 52rlh pound
or GO.OO1 pounds ,alssd one Loot Llgl
per minute.