Excerpt from History of the Bank of England, Vol. 1: Its Times and Traditions
It is with great diffidence that these volumes are submitted to the public. The writer trusts, however, that as no history has hitherto appeared of an establishment which, for a century and a half, has held so prominent a position in the public records of England, he may be excused for relating its "strange and eventful" career.
It will be found, from the various authorities which he has put in requisition, that the apprehensions which at one time existed even among the most enlightened minds, that the intimate connexion between the Bank and the government would be found the precursor of national ruin, have, in a great measure, been quieted by more enlarged experience. The evils anticipated have not arisen; but at more that one momentous crisis the Bank has proved a powerful ally to the state.
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