For once the Corporation found themselves left in the lurch. Long before the time named for the Common Council to consider Pitt's proposal the directors of the Bank of England had met, public subscriptions had been invited, and the whole loan of eighteen millions had been subscribed. Here is an account by a contemporary writer of the scene witnessed in the Bank on Thursday, the 1st December, and two following days[587];--"At ten o'clock this morning [1 Dec.] the parlour doors were opened, before which time the lobby was crowded. Numbers could not get near the books at all; while others, to testify their zeal, called to the persons at the books then signing to put down their names for them, as they were fearful of being shut out. At about twenty minutes past eleven the subscription was declared to be completely full, and hundreds in the room were reluctantly obliged to go away. By the post innumerable orders came from the country for subscriptions to be put down, scarcely one of which could be executed. And long after the subscription was closed persons continued coming, and were obliged to depart disappointed. It is a curious fact, and well worth stating, that the subscription completely filled in fifteen hours and twenty minutes: two hours on Thursday, six ditto on Friday, six ditto on Saturday and one ditto and twenty minutes on Monday--fifteen hours and twenty minutes." The directors of the Bank subscribed one million in their corporate capacity and £400,000 individually. The Common Council finding themselves left out in the cold, scarcely knew what to do. At first a somewhat pompous proposal was made for a committee to "prepare a plan for assisting the exigencies of the state in the present conjuncture." This, however, fell through, and the court finally contented itself with voting a sum of £100,000 towards the loan.[588] [Sidenote: The City and foreign subsidies, Dec., 1796.] Pitt's method of disposing of public money, when he got it, was not always approved by the citizens, more especially when it went to subsidise foreign mercenaries, without any authority from Parliament. Here, again, the livery and the Common Council entertained opposite views, and whilst the former called upon the city members to move or support a motion for censuring the ministry for sending money to the Emperor of Germany during the sitting of Parliament without the consent of Parliament,[589] the latter gave public testimony of their opinion that such payments as had been made to the Emperor had been beneficial to the country.[590] [Sidenote: Suspension of cash payments, 1797.]