Eclectic Magazine of Foreign Literature, Science, and Art, February, 1885

Corresponding with what is stated by Hallam, is the fact that John Knox begins his history of the Reformation in Scotland by giving, in what he calls “Historiæ Initium,” a chapter on the history of Lollardism in Scotland: —

“In the scrolls of Glasgow is found mention of one whose name is not expressed, that, in the year of God 1422, was burnt for heresy; but what were his opinions, or by what order he was condemned, it appears not evidently. But our chronicles make mention that in the days of King James the First, about the year of God 1431, was deprehended in the University of St. Andrews, one Paul Craw, a Bohemian, who was accused of heresy before such as then were called Doctors of Theology. His accusation consisted principally that he followed John Hus and Wycliffe in the opinion of the Sacrament, who denied that the substance of bread and wine were changed by virtue of any words, or that confession should be made to priests, or yet prayers to saints departed… He was condemned to the fire, in the whilk he was consumed, in the said city of Saint Andrews, about the time aforewritten.”

Proceeding with his narrative, Knox gives a picturesque description of what occurred in Court, when no fewer than thirty persons were summoned in 1494 by Robert Blackburn, Archbishop of Glasgow, to appear before the King and his great council. “These,” he says, “were called the Lollards of Kyle. They were accused of the articles following, as we have received them forth of the register of Glasgow.” Among the thirty-four articles charged against them are many of the doctrines so ably expounded and maintained by Wycliffe. “By these articles, which God of His merciful providence caused the enemies of His truth to keep in their registers, may appear how mercifully God hath looked upon this realm, retaining within it some spunk of His light even in the time of greatest darkness.” The Lollards of Kyle, partly through the clemency of the King, and partly by their own bold and ready-witted answers, so dashed the bishop and his band out of countenance, that the greatest part of the accusation was turned to laughter. For thirty years after that memorable exhibition there was “almost no question for matters of religion” till young Patrick Hamilton of gentle blood and of heroic spirit, appeared on the scene in 1527. “With him,” says Knox, “our history doth begin.”55

“No friendly hand,” says Dr. Shirley, “has left us any even the slightest memorial of the life and death of the great Reformer. A spare, frail, emaciated frame, a quick temper, a conversation ‘most innocent,’ the charm of every rank – such are the scanty but significant fragments we glean of the personal portraiture of one who possessed, as few ever did, the qualities which give men power over their fellows. His enemies ascribed it to the magic of an ascetic habit; the fact remains engraven on every line of his life.56 His bitterest enemies cannot refrain from involuntary tributes of admiration extorted from them by the singular and unsullied excellence of the man whose doctrines and doings as a reformer they detested. Like the “amiable and famous Edward, by-named, not of his color, but of his dreaded acts in battle, the Black Prince,”57 Wycliffe was in nothing black save in his dreaded doctrines and works of reformation. Apart from these, “all tongues – the voice of souls” – awarded him the praise due to lofty genius, exemplary virtue, and personal godliness. His heretical deeds were the occasion of all the obloquy heaped upon his name and memory: —

“In nothing art thou black save in thy deeds,And thence this slander, as I think, proceeds.”

If we cannot as yet cherish the hope that, besides erecting in Oxford some visible monument to the memory of Wycliffe, the University should, as an example to Cambridge and to the Scottish universities, institute a Wycliffe Lectureship for the exposition of the works of the great Reformer, it is surely not too much to expect that Oxford should give all possible countenance and support to the project for the printing and the publication of Wycliffe’s unprinted and unpublished writings. This, in the meantime, is perhaps the best tribute that can be offered to the memory of Wycliffe. For, as Dr. Shirley said, some nineteen years ago, “The Latin works of Wycliffe are, both historically and theologically, by far the most important; from these alone can Wycliffe’s theological position be understood: and it is not, perhaps, too much to say, that no writings so important for the history of doctrine are still buried in manuscript.”58 These neglected, unknown, and hitherto inaccessible works, are being printed under competent editorship by “The Wycliffe Society.” – They have more than a mere theological interest. They are important in their relation to the thought which developed itself in the reformation of religion, in the revival of learning, and in the assertion, maintenance, and defence of constitutional liberty in England.

For from the relation of his work to the University, to the independence of the nation and the sovereignty of the Crown, to the Church and to the people of England, a manifold interest must for ever belong to the name, the life, and the work of John Wycliffe. Corresponding with all this is the manifold obligation of the University, the Crown, the Church, and the people of England. For Wycliffe was the first of those self-denying and fearless men to whom we are chiefly indebted for the overthrow of superstition, ignorance, and despotism, and for all the privileges and blessings, political and religious, which we enjoy. He was the first of those who cheerfully hazarded their lives that they might achieve their purpose, which was nothing less than the felicity of millions unborn – a felicity which could only proceed from the knowledge and possession of the truth. He is one of those “who boldly attacked the system of error and corruption, though fortified by popular credulity, and who, having forced the stronghold of superstition, and penetrated the recesses of its temple, tore aside the veil that concealed the monstrous idol which the world had so long ignorantly worshipped, dissolved the spell by which the human mind was bound, and restored it to liberty! How criminal must those be who, sitting at ease under the vines and fig-trees planted by the labors and watered with the blood of those patriots, discover their disesteem of the invaluable privileges which they inherit, or their ignorance of the expense at which they were purchased, by the most unworthy treatment of those to whom they owe them, misrepresent their actions, calumniate their motives, and load their memories with every species of abuse!”59 While we look to the men of Oxford for a thorough though tardy and late vindication of Wycliffe’s name and services to the University and to learning, we expect from the people of England a more effective and permanent memorial of Wycliffe and his work than can be raised by any number of scholars or members of the University. Wycliffe lived for God and for the people. He taught the English people how to use the English tongue for the expression of truth, liberty, and religion. He was the first to give to the people of England the Bible in the English language. What a gift was this! He was in this the pioneer of Tyndale, of Coverdale, and of all those who have lived and labored for the diffusion of the Word of God among their fellow-men. The British and Foreign Bible Society is really Wycliffe’s monument. His Bible, as translated from the Vulgate, was itself an assertion of that independence for which Wycliffe lived and died. To him may be applied the words of Milton —

“Servant of God, well done! well hast thou foughtThe better fight; who single hast maintainedAgainst revolted multitudes the causeOf truth; in word mightier than they in arms:And for the testimony of truth hast borneUniversal reproach, far worse to bearThan violence; for it was all thy careTo stand approv’d in sight of God, though worldsJudged thee perverse.”60– Blackwood’s Magazine.

CURIOSITIES OF THE BANK OF ENGLAND

Considering the world-wide reputation of the Bank of England, it is remarkable how little is generally known as to its internal working. Standing in the very heart of the largest city in the world – a central landmark of the great metropolis – even the busy Londoners around it have, as a rule, only the vaguest possible knowledge of what goes on within its walls. In truth, its functions are so many, its staff so enormous, and their duties so varied, that many even of those who have spent their lives in its service will tell you that, beyond their own immediate departments, they know but little of its inner life. Its mere history, as recorded by Mr. Francis, fills two octavo volumes. It will be readily understood, therefore, that it would be idle to attempt anything like a complete description of it within the compass of a magazine article. There are, however, many points about the Bank and it’s working which are extremely curious and interesting, and some of these we propose briefly to describe.

The Bank of England originated in the brain of William Paterson, a Scotchman – better known, perhaps, as the organiser and leader of the ill-fated Darien expedition. It commenced business in 1694, its charter – which was in the first instance granted for eleven years only – bearing date the 27th July of that year. This charter has been from time to time renewed, the last renewal having taken place in 1844. The original capital of the Bank was but one million two hundred thousand pounds, and it carried on its business in a single room in Mercer’s Hall, with a staff of fifty-four clerks. From so small a beginning has grown the present gigantic establishment, which covers nearly three acres, and employs in town and country nearly nine hundred officials. Upon the latest renewal of its charter, the Bank was divided into two distinct departments, the Issue and the Banking. In addition to these, the Bank has the management of the national debt. The books of the various government funds are here kept; here all transfers are made, and here all dividends are paid.

In the Banking department is transacted the ordinary business of bankers. Here other banks keep their “reserve,” and hence draw their supplies as they require them. The Issue department is intrusted with the circulation of the notes of the Bank, which is regulated as follows. The Bank in 1844 was a creditor of the government to the extent of rather over eleven million pounds, and to this amount and four million pounds beyond, for which there is in other ways sufficient security, the Bank is allowed to issue notes without having gold in reserve to meet them. Beyond these fifteen million pounds, every note issued represents gold actually in the coffers of the Bank. The total value of the notes in the hands of the public at one time averages about twenty-five million pounds. To these must be added other notes to a very large amount in the hands of the Banking department, which deposits the bulk of its reserve of gold in the Issue department, accepting notes in exchange.

All Bank of England notes are printed in the Bank itself. Six printing-presses are in constant operation, the same machine printing first the particulars of value, signature, &c., and then the number of the note in consecutive order. The paper used is of very peculiar texture, being at once thin, tough, and crisp; and the combination of these qualities, together with the peculiarities of the watermark, which is distributed over the whole surface of the paper, forms one of the principal guarantees against imitation. The paper, which is manufactured exclusively at one particular mill, is made in oblong slips, allowing just enough space for the printing of two notes side by side. The edges of the paper are left untrimmed, but, after printing, the two notes are divided by a straight cut between them. This accounts for the fact, which many of our readers will doubtless have noticed, that only one edge of a Bank-note is smooth, the other three being comparatively ragged. The printing-presses are so constructed as to register each note printed, so that the machine itself indicates automatically how many notes have passed through it. The average production of notes is fifty thousand a day, and about the same number are presented in the same time for payment.

No note is ever issued a second time. When once it finds its way back to the Bank to be exchanged for coin, it is immediately cancelled; and the reader will probably be surprised to hear that the average life of a Bank-note, or the time during which it is in actual circulation, is not more than five or six days. The returned notes, averaging, as we have stated, about fifty thousand a day, and representing, one day with another, about one million pounds in value, are brought into what is known as the Accountant’s Sorting Office. Here they are examined by inspectors, who reject any which may be found to be counterfeit. In such a case, the paying-in bank is debited with the amount. The notes come in from various banks in parcels, each parcel accompanied by a memorandum stating the number and amount of the notes contained in it. This memorandum is marked with a certain number, and then each note in the parcel is stamped to correspond, the stamping-machine automatically registering how many are stamped, and consequently drawing immediate attention to any deficiency in the number of notes as compared with that stated in the memorandum. This done, the notes are sorted according to number and date, and after being defaced by punching out the letters indicating value, and tearing off the corner bearing the signature, are passed on to the “Bank note Library,” where they are packed in boxes, and preserved for possible future reference during a period of five years. There are one hundred and twenty clerks employed in this one department; and so perfect is the system of registration, that if the number of a returned note be known, the head of this department, by referring to his books, can ascertain in a few minutes the date when and the banker through whom it was presented; and if within the period of five years, can produce the note itself for inspection. As to the “number” of a Bank-note, by the way, there is sometimes a little misconception, many people imagining that by quoting the bare figures on the face of a note they have done all that is requisite for its identification. This is not the case. Bank-notes are not numbered consecutively ad infinitum, but in series of one to one hundred thousand, the different series being distinguished as between themselves by the date, which appears in full in the body of the note, and is further indicated, to the initiated, by the letter and numerals prefixed to the actual number. Thus 25/0 90758 on the face of a note indicates that the note in question is No. 90758 of the series printed on May 21, 1883, which date appears in full in the body of the note, 69/N in like manner indicates that the note forms part of a series printed on February 19, 1883. In “taking the number” of a note, therefore, either this prefix or the full date, as stated in the body of the note, should always be included.

The “Library” of cancelled notes – not to be confounded with the Bank Library proper – is situated in the Bank vaults, and we are indebted to the courtesy of the Bank-note Librarian for the following curious and interesting statistics respecting his stock. The stock of paid notes for five years – the period during which, as before stated, the notes are preserved for reference – is about seventy-seven million seven hundred and forty-five thousand in number. They fill thirteen thousand four hundred boxes, about eighteen inches long, ten wide, and nine deep. If the notes could be placed in a pile one upon another, they would reach to a height of five and two-third miles. Joined end to end they would form a ribbon twelve thousand four hundred and fifty-five miles long, or half way round the globe; if laid so as to form a carpet, they would very nearly cover Hyde Park. Their original value is somewhat over seventeen hundred and fifty millions, and their weight is about ninety-one tons. The immense extent of space necessary to accommodate such a mass in the Bank vaults may be imagined. The place, with its piles on piles of boxes reaching far away into dim distance, looks like some gigantic wine-cellar or bonded warehouse.

As each day adds, as we have seen, about fifty thousand notes to the number, it is necessary to find some means of destroying those which have passed their allotted term of preservation. This is done by fire, about four hundred thousand notes being burnt at one time, in a furnace specially constructed for that purpose. Formerly, from some peculiarity in the ink with which the notes were printed, the cremated notes burnt into a solid blue clinker; but the composition of the ink has been altered, and the paper now burns to a fine gray ash. The fumes of the burning paper are extremely dense and pungent; and to prevent any nuisance arising from this cause, the process of cremation is carried out at dead of night, when the city is comparatively deserted. Further, in order to mitigate the density of the fumes, they are made to ascend through a shower of falling water, the chimney shaft being fitted with a special shower-bath arrangement for this purpose.

Passing away from the necropolis of dead and buried notes, we visit the Treasury, whence they originally issued. This is a quiet-looking room, scarcely more imposing in appearance than the butler’s pantry in a West-end mansion, but the modest-looking cupboards with which its walls are lined, are gorged with hidden treasure. The possible value of the contents of this room may be imagined from the fact that a million of money, in notes of one thousand pounds, forms a packet only three inches thick. The writer has had the privilege of holding such a parcel in his hand, and for a quarter of a minute imagining himself a millionaire – with an income of over thirty thousand per annum for life! The same amount might occupy even less space than the above, for Mr. Francis tells a story of a lost note for thirty thousand pounds, which, turning up after the lapse of many years, was paid by the Bank twice over! We are informed that notes of even a higher value than this have on occasion been printed, but the highest denomination now issued is one thousand pounds.

In this department is kept a portion of the Bank’s stock of golden coin, in bags of one thousand pounds each. This amount does not require a very large bag for its accommodation, but its weight is considerable, amounting to two hundred and fifty-eight ounces twenty pennyweights, so that a million in gold would weigh some tons. In another room of this department – the Weighing Office – are seen the machines for detecting light coin. These machines are marvels of ingenious mechanism. Three or four hundred sovereigns are laid in a long brass scoop or semi-tube, of such a diameter as to admit them comfortably, and self-regulating to such an incline that the coins gradually slide down by their own weight on to one plate of a little balance placed at its lower extremity. Across the face of this plate two little bolts make alternate thrusts, one to the right, one to the left, but at slightly different levels. If the coin be of full weight, the balance is held in equipoise, and the right-hand bolt making its thrust, pushes it off the plate and down an adjacent tube into the receptacle for full-weight coin. If, on the other hand, the coin is ever so little “light,” the balance naturally rises with it. The right-hand bolt makes its thrust as before, but this time passes harmlessly beneath the coin. Then comes the thrust of the left-hand bolt, which, as we have said, is fixed at a fractionally higher level, and pushes the coin down a tube on the opposite side, through which it falls into the light-coin receptacle. The coins thus condemned are afterwards dropped into another machine, which defaces them by a cut half-way across their diameter, at the rate of two hundred a minute. The weighing machines, of which there are sixteen, are actuated by a small atmospheric engine in one corner of the room, the only manual assistance required being to keep them supplied with coins. It is said that sixty thousand sovereigns and half-sovereigns can be weighed here in a single day. The weighing-machine in question is the invention of Mr. Cotton, a former governor of the Bank, and among scientific men is regarded as one of the most striking achievements of practical mechanics.

In the Bullion department we find another weighing-machine of a different character, but in its way equally remarkable. It is the first of its kind, having been designed specially for the Bank by Mr. James Murdoch Napier, by whom it has been patented. It is used for the purpose of weighing bullion, which is purchased in this department. Gold is brought in in bars of about eight inches long, three wide, and one inch thick. A bar of gold of these dimensions will weigh about two hundred ounces, and is worth, if pure, about eight hundred pounds. Each bar when brought in is accompanied by a memorandum of its weight. The question of quality is determined by the process of assaying; the weight is checked by means of the weighing-machine we have referred to. This takes the form of an extremely massive pair of scales, working on a beam of immense strength and solidity, and is based, so as to be absolutely rigid, on a solid bed of concrete. The whole stands about six feet high by three wide, and is inclosed in an air-tight plate-glass case, a sash in which is raised when it is desired to use the machine. The two sides of the scale are each kept permanently loaded, the one with a single weight of three hundred and sixty ounces, the other with a number of weights of various sizes to the same amount. When it is desired to test the weight of a bar of gold, weights to the amount stated in the corresponding memorandum, less half an ounce, are removed from the latter scale, and the bar of gold substituted in their place. Up to this point the beam of the scale is kept perfectly horizontal, being maintained in that position by a mechanical break; but now a stud is pressed, and by means of delicate machinery, actuated by water-power, the beam is released. If the weight of the bar has been correctly stated in the memorandum, the scale which holds it should be exactly half an ounce in excess. This or any less excess of weight over the three hundred and sixty ounces in the opposite scale is instantly registered by the machine, a pointer travelling round a dial until it indicates the proper amount. The function of the machine, however, is limited to weighing half an ounce only. If the discrepancy between the two scales as loaded is greater than this, or if on the other hand the bar of gold is more than half an ounce less than the amount stated in the memorandum, an electric bell rings by way of warning, the pointer travels right round the dial, and returns to zero. So delicate is the adjustment, that the weight of half a penny postage stamp – somewhat less than half a grain – will set the hand in motion and be recorded on the dial.

The stock of gold in the bullion vault varies from one to three million pounds stirling. The bars are laid side by side on small flat trucks or barrows carrying one hundred bars each. In a glass case in this vault is seen a portion of the war indemnity paid by King Coffee of Ashantee, consisting of gold ornaments, a little short of standard fineness.

One of the first reflections that strike an outsider permitted to inspect the repository of so much treasure is, “Can all this wealth be safe?” These heaps of precious metal, these piles of still more precious notes, are handled by the officials in such an easy-going, matter-of-course way, that one would almost fancy a few thousand would scarcely be missed; and that a dishonest person had only to walk in and help himself to as many sovereigns or hundred pound notes as his pockets could accommodate. Such, however, is very far from being the case. The safeguards against robbery, either by force or fraud, are many and elaborate. At night the Bank is guarded at all accessible points by an ample military force, which would no doubt give a good account of any intruder rash enough to attempt to gain an entrance. In the event of attack from without, there are sliding galleries which can be thrust out from the roof, and which would enable a body of sharpshooters to rake the streets in all directions.

Few people are aware that the Bank of England contains within its walls a graveyard, but such is nevertheless the fact. The Gordon riots in 1780, during which the Bank was attacked by a mob, called attention to the necessity for strengthening its defences. Competent authorities advised that an adjoining church, rejoicing in the appropriate name of St. Christopher-le-Stocks, was in a military sense a source of danger, and accordingly an Act of Parliament was passed to enable the directors to purchase the church and its appurtenances. The old churchyard, tastefully laid out, now forms what is known as the Bank “garden,” the handsome “Court Room” or “Bank Parlor” abutting on one of its sides. There is a magnificent lime-tree, one of the largest in London, in the centre of the garden, and tradition states that under this tree a former clerk of the Bank, eight feet high, lies buried. With this last, though not least of the curiosities of the Bank, we must bring the present article to a close. We had intended briefly to have referred to sundry eventful pages of its history; but these we are compelled, by considerations of space, to reserve for a future paper. —Chambers’s Journal.