London (England) -- Description and travel; London (England) -- History -- 1800-1950
to the praise given him by his friend Daniel Defoe, as ’a worthy and
noble patriot, one of the most eminent, to whom we owe more than ever he
would tell us, or, I am afraid, we shall ever be sensible of, whatever
fools, madmen, or Jacobites may asperse him with.’
We cannot attempt to give a history of the Bank of England in our
limited space, but a short account of the Bank building may not unfitly
close this notice of the founder of the establishment. The business was
originally started at Mercers’ Hall, and next removed to, and for many
years carried on at, Grocers’ Hall in the Poultry. In August, 1732, the
governors and directors laid the first stone of their new building in
Threadneedle Street, on the site of the house and garden formerly
belonging to Sir John Houblon, the first Governor of the Bank. At first
the buildings comprised only the centre of the principal or south front,
the Hall, Bullion Court, and the Courtyard, and were surrounded by St.
Christopher-le-Stocks Church, three taverns, and several private houses.
From the year 1766 onwards considerable additions were made to the
building. All the adjoining houses on the east side to Bartholomew
Lane, and those occupying the west side of that lane almost to Lothbury,
were taken down, and their places occupied by offices of the Bank. The
south side buildings, forming the eastern continuation of the
establishment, presented a range of fluted columns in pairs, with arched
intervals between, pointing out where windows should have been placed,
which, however, were filled up with stone. This necessitated the rooms
within being lighted by small glass domes in the roof, a circumstance
much complained of at the time by the clerks as injuriously affecting
their eyes. It was intended to extend the façade on the western side by
taking down the Church of St. Christopher, which by the removal of that
part of Threadneedle Street had been deprived of a great part of its
parish. Noorthouck, who wrote in 1773, says: ’How far so extensive a
plan may answer the vast expense it will call for to complete it is a
question proper for the consideration of those who are immediately
concerned; an indifferent spectator cannot view this expanded fabric
without comparing it with the growth of public debts negotiated here,
and trembling more for the safety of the one than of the other.’ Could
he see the Bank now, covering nearly four acres of ground, what would he
say?
Public-domain text, read in full here on John Shaqi.
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