Banks and banking -- Great Britain; Finance -- Great Britain
Lawson states that one of the clerks of the Bank, of the name of
Jenkins, was buried in this consecrated ground. The cause of this
interment in such a place arose out of a fear, as expressed by his
relatives, that in consequence of his singular height (he was about
seven feet tall), his body would be exhumed by body-snatchers if buried
elsewhere. The sequel to this episode is within the writer’s personal
knowledge. Having to pay a visit to a dentist some few years ago, he
was shown, as a curiosity, an enormous human lower jaw-bone with a full
set of perfect teeth. Judging from its size, the dentist said that it
had evidently belonged to a giant, and he added that it had been given
to him by a friend who was a builder and contractor, and that the
jaw-bone had been found by one of this friend’s workmen while carrying
out some alterations and excavations at the Bank of England!
Alas, poor Jenkins! to be buried in the “Garden” of the Bank of England
as a sure place of refuge against body-snatchers, and in the end to
have his jaw-bone exhibited as a curio in a dentist’s surgery.
Having shortly sketched the history of the Bank of England from its
inception to the time when it was to be opposed by strong competitive
establishments, we now will briefly examine the development of private
banking up to this period.
CHAPTER III
THE EARLY PRIVATE BANKERS
We have already seen that elementary banking operations in the country
were carried on by the Jews, who in course of time were succeeded by
the Lombards, and that then the business, such as it was, drifted
into the hands of the goldsmiths. During the more settled years of
the Commonwealth the need of banking accommodation was keenly felt by
merchants and traders to enable them to carry on their business, and as
demand creates supply, the goldsmith bankers increased in number—and in
wealth.
There was, indeed, at this time a demand made by certain persons for
the establishment of joint-stock banks, on the system already in vogue
in several parts of the Continent; and we find that an eminent London
merchant, named Lamb, presented an address to the Lord Protector with
this object in view. After enumerating all the advantages to be derived
from the establishment of such institutions, his address concluded in
the following quaint form:—
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account