Household words, No. 18, July 27, 1850 : $b A weekly journal — John Shaqi
Household words, No. 18, July 27, 1850 : $b A weekly journal
General
Household words, No. 18, July 27, 1850 : $b A weekly journal
English literature -- Periodicals
The note is, when plate-printed, two processes distant from
negotiable; the first being the numbering and dating—and here we must
point out the grand distinction which exists between the publication
which we have the satisfaction of stating, now lies before us (but it
is only a “Five”) and ordinary prints. When the types for this
miscellany, for instance, are once set up, every copy struck off from
them by the press is precisely similar. On the contrary, of those
emitted from the Bank presses _no two are alike_. They differ either
in date, in number, or in denomination. This difference constitutes a
grand system of check, extending over every stage of every Bank Note’s
career—a system which records its completion and issue, tracks it
through its public adventures, recognises it when it returns to the
Bank, from among hundreds of thousands of companions, and finally
enables the proper officers to pounce upon it, in case of inquiry, at
any official half hour for ten years after it has returned in
fulfilment of its “promise to pay,” To promise an explanation of what
must appear so complicated a plan, may seem to the reader like a
threat of prolixity. But he may read on in security; the system is as
simple as the alphabet.
Understand then, that the dates of Bank Notes are arbitrary, and bear
no reference to the day of issue. At the beginning of the official
year (February) the Directors settle what dates each of the eleven
denominations of Bank Notes shall bear during the ensuing twelve
months, taking care to apportion to each sort of note a separate date.
The table of dates is then handed to the proper officer, who prints
accordingly. The five-pound Note which now rejoices our eyes is, for
example, dated February the 2nd, 1850; we therefore know that there is
no genuine note in existence, for any other sum, which bears that
date; and if a note for ten, twenty, fifty, hundred, &c., having “2nd
Feb., 1850,” upon it were to be offered to us or to a Bank Clerk, we
or he would, without a shadow of further evidence, impound it as a
forgery.
Public-domain text, read in full here on John Shaqi.
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