Eclectic Magazine of Foreign Literature, Science, and Art, May 1885Various
History
Eclectic Magazine of Foreign Literature, Science, and Art, May 1885
Various
American literature -- Periodicals; Literature -- Periodicals
of office, for we find that at that period, and for many years
afterwards, even the warrants for the payments of dividends were signed
by two of their body.
It was not until after the Bank had existed some forty years that the
directors found the business so completely outgrow the accommodation
afforded by the Grocers’ Hall as to necessitate a separate building
of its own. The foundation of the present building was laid in 1732
on the site of the residence of Sir John Houblon, the first governor
of the Bank, and business was commenced in the new premises in 1734.
The edifice was greatly enlarged between the years 1770 and 1786,
and was completed, pretty much as it now stands, in 1786, an Act
having been procured in 1780 to enable the directors to purchase the
adjoining church, land, and parsonage—in fact the whole parish—of St.
Christopher le Stocks, to the rector of which non-existent parish the
Bank pay £400 a year to this day. The drawing office now stands on the
site of the old church, the garden being the churchyard. In 1800, when
Princes Street was widened, the present wall-screen round the Bank was
erected by Sir John Soane giving a uniform appearance to the exterior
of the building. There is much in the architectural interior of the
Bank which is well worthy of admiration; for instance the quadrangle
called the bullion-yard, in Lothbury, the garden, rotunda, and court
rooms, &c. The long prison-like stone-colored passages and offices
devoted to public business, however, are singularly cold and cheerless,
owing chiefly to some apparent, yet unaccountable, objection of the
authorities to employ color as a decorative auxiliary; possibly from a
fixed but mistaken idea that color is antagonistic to cleanliness and
brightness to business.
Public-domain text, read in full here on John Shaqi.
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