Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1879-12-09
The Bank of England.

A few steps further on was the powerful
institution whose influence is felt in finance
and trade all over the world-the Bank of
England. Bounded on all four sides by the
street, all its windows prudentiaIly open into
a centr.l court and since the riots of fTS0 it
has been occupied by detachment of sold
iers. Its business requires a working force
of twelve hundred men. Its hauk notes
printed within the building. The same notes
il never.'ipsid over its counter twice. The
new bill that is issued this morning is re-.
tired as soon as it returns, no matter if the
same man pays it in again this afternoon
without wrinkle in it. It is allowed to
issue notes to the amount of fifteen millions
pounds, on tho security of its standing loan
of q much larger amount TO the government,
which constitute part of the public debt.
For every note issued above that-and it
has circulstion of over forty million pounds
bullion of an equal amount must be paid
into its treasury, and must be KEEP. there for
the redemption Of the note when it returns.
The traveller on the continent often finds its
notes at q premium in gold No note is
issued of less denomination than FIVE
pounds. Every note is numbered, and the
name of the party to whom it is paid out is
carefully recorded. The practice of keeping
a memorandum which will show from whom
he receives every bank note that passes
through his hands is common, also, with the
pain stalking London tradesman. It proved
fortunate thing for a friend of mine on one
occasion. He had given his wife 10 pound
note. Their little child had gotten hold of
the porte monnaie and destroyed the note, ,as
they supposed, by throwing it on the open
fire. There would have been no hope of re-
al zing on greenback under such circum-
stances. But fifteen dollars was worth trying
fJr. The number of the note was ascer-
tanned from the parties through whose hands
it came to my friend, sworn statement of
the facts was fled at the bank, and after a
year or so had passed without it having been
presented for redemption the bank paid over
the money. The bank takes in and pays out
its gold coin by weight. Sometimes it sends
out sealed package and receives it again
before the seal is broken, and yet deducts
quite sum from the amount at which it
paid it out to make good the loss, detected
by the unerring scales, which occurred by
abrasion of the coins in transportation.
If you want a good pair of Boots, go to
DALGARN's.
If you want Material for good warm Suit
of Clothes or Overcoat, go to
DALGARN's.
If You want Mems, Womeu's or Chill
| dren's Shoes, go to DALGARN's.
If you want Hose or Ealf Hose, go to
DALGARN's
If you want good Sugar Cured Ham, go
to DALaARN's.
If you want Gents Underwear, Suspen-
ders, Handkerchief, 60. go to
DALaARN's.
If you want anything in the Grocery line,
go to DAIeARN's.
the AMERICAN AGRIcULTUR1Er for December
is a capital number, and ht ending to an ex-
| cellent volume. Farmers who desire first
| class model monthly. cannot do better than tc
| subscribe for it. Orange Judd Co., publishers
New York: subscription S1.50 per year.
CHEW JacksOn's Best Sweet Navy Tobacco