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nvicted, at a great expense, of forging small notes. In
1832 the yearly losses of the Bank from forgeries on the public funds
were upwards of L40,000.
It is said that in the large room of the Bank a quarter of a million
sovereigns will sometimes change hands in the course of the day. The
entire amount of money turned over on an average in the day has been
estimated as low as L2,000,000, and as high as L2,500,000. At a rough
guess, the number of persons who receive dividends on the first day of
every half year exceeds 100,000, and the sum paid away has been
estimated at L500,000.
The number of clerks in the Bank of England was computed, in 1837, at
900; the engravers and bank-note printers at thirty-eight. The salaries
vary from L700 per annum to L75, and the amount paid to the servants of
the entire establishment, about 1,000, upwards of L200,000. Some years
ago the proprietors met four times a year. Three directors sat daily in
the Bank parlour. On Wednesday a Court of Directors sat to decide on
London applications for discount, and on Thursdays the whole court met
to consider all notes exceeding L2,000. The directors, twenty-four,
exclusive of the Governor and Deputy-Governor, decide by majority all
matters of importance.
[Illustration: THE CHURCH OF ST. BENET FINK.]
The Bank of England (says Dodsley's excellent and well-written "Guide
to London," 1761) is a noble edifice situated at the east of St.
Christopher's Church, near the west end of Threadneedle Street. The
front next the street is about 80 feet in length, and is of the Ionic
order, raised on a rustic basement, and is of a good style. Through this
you pass into the courtyard, in which is the hall. This is one of the
Corinthian order, and in the middle is a pediment. The top of the
building is adorned with a balustrade and handsome vases, and in the
face of the above pediment is engraved in relievo the Company's seal,
Britannia sitting with her shield and spear, and at her feet a
cornucopia pouring out fruit. The hall, which is in this last building,
is 79 feet in length and 40 in breadth; it is wainscoted about 8 feet
high, has a fine fretwork ceiling, and is adorned with a statue of King
William III., which stands in a niche at the upper end, on the pedestal
of which is the following inscription in Latin--in English, thus:--
"For restoring efficiency to the Laws,
Authority to the Courts of Justice,
Dignity to
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