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HIS REGULARITY IN BUSINESS, &c.
by Mr. T. Dibdin, author of the Cabinet, &c. and sung at Sadler's-Wells, which, instead of being taken as a compliment, was looked upon as an indignity by Mr. New land, and his particular friends, though we doubt not but the song was intended as neither.
This gentleman's mode of transacting business is quite methodical; he is frequently seen about the Bank with a pen in his ear, and a large quantity of Bank-notes in his hand. In the morning, about a quarter after nine o'clock he is seen constantly at his desk, and never quits business until three in the afternoon. During these forty years, he has never been once absent from his duty, except a few weeks, when he was confined by illness.
The multiplicity of business does not render him, like other characters, inattentive to the graces; his decorum, as well as his industry, is worthy of imitation. He is polite in his manners, and gentesl in his person.
During the late voluntary contributions in 1798, he was lo particularly exact în conforming to the instructions of the Directors, and the provisoes of the Act of Parliament, that he unintentionally offended fome of the subscribers, and in consequence of this, fome illiberal paragraphs appeared in the newsp pers: wefay illiberal, as this gentleman had geDerously contributed 200l. though he had been represented as an enemy to the subscription.
As this gentleman's name is so current, it is imagined by some that he must be very rich. His long services and ceconomy have certainly rendered him independent: by men, tioning aconomy, we do not mean to infinuate that he is by any means avaricious; on the contrary, he readily advanced a sum of money for rebuilding the church of St. Peter le Poor in Broad Street, at the usual intereit, whereas at that time he could have rendered his money doubly productive: but he is so far economical, as not to negle&t business for
pleasure's pleasure's sake. His greatest indulgence for these many years past, is a daily visit to his house at Highbury Place in his own coach, which he has set up these few years: where he drinks tea, but returns home the fame evening. He lives in the Bank, where he has very suitable apartments next to his office.
This gentleman in his social hours is a very cheerful and agreeable companion. He can take his glass with a friend, but it is in great moderation; and there is no man in the world enjoys a joke or a good story more than Abraham Newland. He has never been married, though it was obferved by an arch wag in the Chapter Coffee-house, when the one and two pound Bank notes came out, that for a Batchelor, he had more little ones than any married man in the kingdom.
We shall now conclude this sketch, with some remarks on the origin of the Bank of England.
The Bank of England was first established in the year 1694, partly for the convenience of commerce, and partly also for the emolument of the proprietors. The scheme was projected by Mr. W. Paterson, a merchant, and des bated for a long while in the privy-council, till at length by an act of 5 and 6 William and Mary, cap. 20, it was enacted, that their Majesties might grant a commiffion to take particular subscriptions for 1,200,000!. of any persons, natives or foreigners, whom their Majesties were hereby empowered to incorporate, with a yearly allowance of 100,000l. viz. 96,000l. or 8 per cent. for interest, till redeemed, and 4000l. to be allowed the intended bank for management. The Corporation was to have the name of “ The Governor and Company of the Bank of England;" their faid fund to be redeemable upon a year's notice after the ist of August, 1705, on payment of the principal, and then the corporation to cease.
ORIGIN OF THE BANK OF ENGLAND.
The company was enabled by this act to purchase lands &c. unlimitedly, and to enjoy the other usual powers of corporations, and their ftock was to be transferrable. They were restricted from borrowing more than 1,200,00ol. except on parliament funds, and from trading in any merchandize, except in bills of exchange, and in bullion, and in the sale of such goods as were the produce of lands purchased by the corporation ; and all bills obligatory under the seal of the said corporation were made asfignable by indorsement. The charter of incorporation was executed in July 1694, which directs that there be a governor, deputygovernor, and 24 directors; and specifies the qualifications of voters, and of directors, together with other regulations which have been further amended and enlarged by subsequent statutes.
The business of the Bank is for the most part that of dealing in bullion of gold and silver, discounting bills, ade vancing money to the public on the credit of acts of parliament, circulating their own notes, &c. and Exchequer bills for the government; besides the management of those funds which are immediately under its care, and which constitute a principal part of the national debt.
The considerable wealth of this establishment, the punctuality of its offices, and the admirable regularity observed in every part, have deservedly gained and retained the confidence of the nation. The chief of these offices is the head cashier's, which has been so long supported by the gentleman of whom we have spoken, and which, in consequence, has rendered his name so popular and BeLOVED.
Curious Facts and ANECDOTES. It is to the luxury of the old Romans that we owe many of the delicacies that now abound in Europe. Lucullus, Vol. I. No. 7.
when lie returned from the Mithridatic war, introduced cherries the first time into Italy, from Cerasus, a city near Sinope, on the Euxine sea. There were also brought into Italy, about this period, many other curiosities of fruits, flowers, and plants, from Greece, Asia, and Africa; apricots from Epirus, peaches from Persia, the finest sorts of plumbs from Damascus and Armenia, pears and figs from Greece and Egypt, citrons from Media, and pomegranates from Carthage. All these were soon brought to perfection in Italy.
Turkey or Guinea cocks were brought first into England in the 15th of Henry VIII. It was much about the same time that pippins were brought from beyond sea by Leonard Mascall of Plumsted in Sussex. In 1578 apricots were brought from Italy; and that country also gave England melon seeds in the reign of James I. About the same period, the large fine pale gooseberry was brought from Flanders, with sallads and cabbages. It was not till the æra of the Restoration that asparagus, artichokes, lemons, oranges, and cauliflowers, were known in England.
It is somewhat remarkable, that Queen Elizabeth was the first person in England who wore filk stockings. They were presented to her by a Mrs. Montague; and thenceforth, says Dr. Howell, she never wore cloth ones any
The art of knitting filk stockings by wires or needles was first practised in Spain ; and 28 years after it had been imported into England, Mr. Lee of Cambridge invented the engine or steel loom, called the stocking-frame, by means of which England was enabled to export great quantities of filk stockings to Italy and other parts. Mr. Lee taught his art in England and France, and his servants did the same in Spain, Venice, and Ireland.
The use of coaches was introduced into England by Fitz-Alan, Earl of Arundel, A. D. 1580. At first, they were drawn by two horses only. It was Buckingham, the