Old and New London, Volume I: A Narrative of Its History, Its People, and Its PlacesThornbury, Walter
History
Old and New London, Volume I: A Narrative of Its History, Its People, and Its Places
Thornbury, Walter
London (England) -- Description and travel; London (England) -- History
CHAPTER XL.
THE BANK OF ENGLAND.
The Jews and the Lombards--The Goldsmiths the first London
Bankers--William Paterson, Founder of the Bank of England--Difficult
Parturition of the Bank Bill--Whig Principles of the Bank of
England--The Great Company described by Addison--A Crisis at the
Bank--Effects of a Silver Re-coinage--Paterson quits the Bank of
England--The Ministry resolves that it shall be enlarged--The Credit of
the Bank shaken--The Whigs to the Rescue--Effects of the Sacheverell
Riots--The South Sea Company--The Cost of a New Charter--Forged Bank
Notes--The Foundation of the "Three per Cent. Consols"--Anecdotes
relating to the Bank of England and Bank Notes--Description of the
Building--Statue of William III.--Bank Clearing House--Dividend Day at
the Bank 453
CHAPTER XLI.
THE STOCK EXCHANGE.
The Kingdom of Change Alley--A William III. Reuter--Stock Exchange
Tricks--Bulls and Bears--Thomas Guy, the Hospital Founder--Sir John
Barnard, the "Great Commoner"--Sampson Gideon, the famous Jew
Broker--Alexander Fordyce--A cruel Quaker Criticism--Stockbrokers and
Longevity--The Stock Exchange in 1795--The Money Articles in the London
Papers--The Case of Benjamin Walsh, M.P.--The De Berenger
Conspiracy--Lord Cochrane unjustly accused--"Ticket Pocketing"--System
of Business at the Stock Exchange--"Popgun John"--Nathan
Rothschild--Secrecy of his Operations--Rothschild outdone by
Stratagem--Grotesque Sketch of Rothschild--Abraham
Goldsmid--Vicissitudes of the Stock Exchange--The Spanish Panic of
1835--The Railway Mania--Ricardo's Golden Rules--A Clerical Intruder in
Capel Court--Amusements of Stockbrokers--Laws of the Stock Exchange--The
Pigeon Express--The "Alley Man"--Purchase of Stock--Eminent Members of
the Stock Exchange 473
CHAPTER XLII.
THE ROYAL EXCHANGE.
The Greshams--Important Negotiations--Building of the Old
Exchange--Queen Elizabeth visits it--Its Milliners' Shops--A Resort for
Idlers--Access of Nuisances--The various Walks in the
Exchange--Shakespeare's Visits to it--Precautions against Fire--Lady
Gresham and the Council--The "Eye of London"--Contemporary
Allusions--The Royal Exchange during the Plague and the Great
Fire--Wren's Design for a New Royal Exchange--The Plan which was
ultimately accepted--Addison and Steele upon the Exchange--The Shops of
the Second Exchange 494
CHAPTER XLIII.
The Second Exchange on Fire--Chimes Extraordinary--Incidents of the
Fire--Sale of Salvage--Designs for the New Building--Details of the
Present Exchange--The Ambulatory, or Merchants' Walk--Royal Exchange
Assurance Company--"Lloyd's"--Origin of "Lloyd's"--Marine
Assurance--Benevolent Contributions of "Lloyd's"--A "Good" and "Bad"
Book 503
CHAPTER XLIV.
NEIGHBOURHOOD OF THE BANK:--LOTHBURY.
Public-domain text, read in full here on John Shaqi.
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