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
ACCOUNT OF THE
NUMBER OF DAYS
A BANK NOTE
ISSUED IN
LONDON REMAINS
IN
CIRCULATION:—
£5 72·7 days
10 77·0 „
20 57·4 „
30 18·9 „
40 13·7 „
50 38·8 „
100 29·4 „
200 12·7 „
300 10·6 „
500 11·8 „
1000 11·1 „
The exceptions to these averages are few, and, therefore, remarkable.
The time during which some Notes remain unpresented are reckoned by
the century. On the 27th of September, 1845, a fifty pound Note was
presented bearing date 20th January, 1743. Another for ten pounds,
issued on the 19th November, 1762, was not paid till the 20th April,
1843. There is a legend extant, of the eccentric possessor of a
thousand pound Note, who kept it framed and glazed for a series of
years, preferring to feast his eyes on it, to putting the amount it
represented out at interest. It was converted into gold, however,
without a day’s loss of time by his heirs, on his demise. Stolen and
lost Notes are generally long absentees. The former usually make their
appearance soon after some great horse-race, or other sporting event,
altered or disguised so as to deceive Bankers, to whom the Bank of
England furnishes a list of the numbers and dates of stolen Notes. In
a Chapter on Forgery, which we are preparing, the reader will see some
singular facts on this point.
Public-domain text, read in full here on John Shaqi.
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