Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-17
THE BANK OF ENGLAND.

Ho,c the Greatest Monetary Institution IN
the WorId is Managed.
The constitution and government of the
Bank of England are not fully understood,
even by many otherwise wellinformed
residents in the city of London itself. 1t
differs from most corporations in the fact
that it has no permanent governor or chair
man, and furthermore, that the remunera-
ton paid to the directors for their services
is individually small. The governing body
consists of twenty six directors, that is to
say, one governor, one deputy governor
and twenty-four directors. This body does
not change except by death OF resignation,
ETC., but the governor and his deputy, who
act as chairman and deputy chairman of
the board or court of directors, change
every two years, the deputy becoming gov
ernor and all the directors being deputy
and governor in rotation. The salary of
the governor, as well as that OF the deputy
governor. is now 81 ZOO per annum, while
that Of the other twenty-four directors is
$500 each. According to Francis, whose
history of the Bank of England is practi-
cally out of PRINT, the management of the
bank is vested in the whole court Of direc-
rs,which meets weekly, when statement
is read of the position of the bank as re-
CARDS its securities, bullion and liabilities.
The directors have equal power, and should
a majority disapprove of the arrange
ments, they may reconstruct them. Eight
directors go out and eight come in annu-
ally, elected by the court of proprietors.
The list of candidates recommended by the
Of &c froncyoiffo6 f0 ho
proprietors, and the eight so recommend a
proposed as a new director, inquiry is al
ways instituted concerning his private
character. Those who survive this fiery
ordeal, and are approved of by the court
of directors, never fail to be elected.
The qualifications for director are the
possession of bank stock to the amount
of $4,000; for the deputy governor, $4,000,
and for the governor, $4,000. The direct
ors are responsible for the management of
the affairs of the bank, and penalties are
attached to their Office Individually and
collectively on certain occasions. By the
charter, however, they are not answerable
to the government for the management of
the monetary department, and the security
which the public has for a good admins
tration of affairs depends upon the discre-
ton of the directors, subject to the charter.
No volume has ever been issued from the
press containing elements of more drama
tic or even tragical interest than the work
of Mr.. Francis. The price of a copy of this
history varies from three guineas to any
price the purchaser likes to give. but we
candidly state that it is we'll worth the
money.
Ill 1Ib0ut Samson.
sPa," said the Rev. Mulkittle's son,
Samson was strong man, wasn't he?'
Eyes, Samson was the strongest man
that ever lived"
Tell me about him."
SIT was intended that Samson should be
the strongest man, and before he was
born"
The bewildered expression on the child's
face arrested the minister in his narration.
sBefore he was born?" asked the boy.
eyes; before-that is before he was
found in hollow STUN"
"Just like little sister,
eyes; Just before he was found an angel
appeared and foretold of his strength, say
ing that no razor must touch his head"
"Was the angel afraid that the razor
would cut him?''
"No; the angel meant that his strength
lay in his hair, and that his hair must not
be cut Off"
"If let my hair grow long, can lift
more than I can now?"
81 don't know about that"
"Are women stronger. than menu"
ssNo."
'But they've got longer hair
eyes; they have longer hair"
"a woman couldn't whip you, could she p
s'No; not easily"
"Was Samson a Democratic
81 don't know"
''But why don't you know? I'd know if
I was as old as you. How many men was
it that Samson killed?"'
"One thousand
HE was bad, wasn't he?''
"No."
"But when man kills anybody he's
bad.'
sThe Lord was with Samson"
"But the Lord says you mustn't kill any
body. Did Samson go to heaven?"
81 suppose So"
'.He's the strongest angel there, amt
he?'
sYou are getting 70 ,lish again.
"But want to know. Will you know
Samson when You go to Heaven"
II suppose So"
sBut you won't fool around him, will
you? II he was ter hit you he'd break
your wings, wouldn't he?'
go to your mother. The next time you
attempt to question mo about the Bible
shall whip YOU"