out the currency in which all monetary transactions should be carried on. As far as I could see, all who wished to be considered respectable, did keep a certain amount of this currency at these banks; nevertheless, if there is one thing of which I am more sure than another it is that the amount so kept was but a very small part of their possessions. I think they took the money, put it into the bank, and then drew it out again, repeating the process day by day, and keeping a certain amount of currency for this purpose and no other, while they paid the expenses of the bank with the other coinage. I am sure the managers and cashiers of the musical banks were not paid in their own currency. Mr. Nosnibor used to go to these musical banks, or rather to the great mother bank of the city, sometimes but not very often. He was a pillar of one of the other kind of banks, though he held some minor office also in these. The ladies generally went alone; as indeed was the case in most families, except on some few great annual occasions.
I had long wanted to know more of this strange system, and had the greatest desire to accompany my hostess and her daughters. I had seen them go out almost every morning since my arrival, and had noticed that they carried their purses in their hands, not exactly ostentatiously, yet just so as that those who met them should see whither they were going. I had never yet been asked to go with them myself.
It is not easy to convey a person’s manner by words, and I can hardly give any idea of the peculiar feeling which came upon me whenever I saw the ladies in the hall, with their purses in their hands, and on the point of starting for the bank. There was a something of regret, a something as though they would wish to take me with them, but did not like to ask me, and yet as though I were hardly to ask to be taken. I was determined however to bring matters to an issue with my hostess about my going with them, and after a little parleying and many inquiries as to whether I was perfectly sure that I myself wished to go, it was decided that I might do so.
We passed through several streets of more or less considerable houses, and at last turning round a corner we came upon a large piazza, at the end of which was a magnificent building, of a strange but noble architecture and of great antiquity. It did not open directly on to the piazza, there being a screen, through which was an archway, between the piazza and the actual precincts of the bank. On passing under the archway we found ourselves upon a green sward, round which there ran an arcade or cloister, while in front of us uprose the majestic towers of the bank and its venerable front, which was divided into three deep recesses and adorned with all sorts of marbles and many sculptures. On either side there were beautiful old trees wherein the birds were busy by the hundred, and a number of quaint but substantial houses of singularly comfortable appearance; they were situated in the midst of orchards and gardens, and gave me an impression of great peace and plenty.
Indeed it had been no error to say that this building was one which appealed to the imagination; it did more—it carried both imagination and judgment by storm. It was an epic in stone and marble; neither had I ever seen anything in the least comparable to it. I was completely charmed and melted. I felt more conscious of the existence of a remote past. One knows of this always, but the knowledge is never so living as in the actual presence of some witness to the life of bygone ages. I felt how short a space of human life was the period of our own existence. I was more impressed with my own littleness, and much more inclinable to believe that the people whose sense of the fitness of things was equal to the upraising of so serene a handiwork, were hardly likely to be wrong in the conclusions they might come to upon any subject. My feeling certainly was that the currency of this bank must be the right one.
We crossed the sward and entered the building. If the outside had been impressive the inside was even more so. It was very lofty and divided into several parts by walls which rested upon massive pillars; the windows were filled with glass, on which had been painted the principal commercial incidents of the bank for many ages. In a remote part of the building there were men and boys singing; this was the only disturbing feature, for as the gamut was still unknown, there was no music in the country which could be agreeable to a European ear. The singers seemed to have derived their inspirations from the songs of birds and the wailing of the wind, which last they tried to imitate in melancholy cadences which at times degenerated into a howl. To my thinking the noise was hideous, but it produced a great effect upon my companions, who professed themselves much moved. As soon as the singing was over the ladies requested me to stay where I was, while they went inside the place from which it had seemed to come.
During their absence certain reflections forced themselves upon me.
In the first place, it struck me as strange that the building should be so nearly empty; I was almost alone, and the few besides myself had been led by curiosity, and had no intention of doing business with the bank. But there might be more inside. I stole up to the curtain, and ventured to draw the extreme edge of it on one side. No, there was hardly any one there. I saw a large number of cashiers, all at their desks ready to pay cheques, and one or two who seemed to be the managing partners. I also saw my hostess and her daughters and two or three other ladies; also three or four old women and the boys from one of the neighbouring Colleges of Unreason; but there was no one else. This did not look as though the bank was doing a very large business; and yet I had always been told that every one in the city dealt with this establishment.
I cannot describe all that took place in these inner precincts, for a sinister-looking person in a black gown came and made unpleasant gestures at me for peeping. I happened to have in my pocket one of the musical bank pieces, which had been given me by Mrs. Nosnibor, so I tried to tip him with it; but having seen what it was, he became so angry that it was all I could do to pacify him. When he was gone I ventured to take a second look, and saw Zulora in the very act of giving a piece of paper which looked like a cheque to one of the cashiers. He did not examine it, but putting his hand into an antique coffer hard by, he pulled out a quantity of dull-looking metal pieces apparently at random, and handed them over without counting them; neither did Zulora count them, but put them into her purse and departed. It seemed a very singular proceeding, but I supposed that they knew their own business best, at any rate Zulora seemed quite satisfied, thanked him for the money, and began making towards the curtain: on this I let it drop and retreated to a reasonable distance.
Mrs. Nosnibor and her daughters soon joined me. For some few minutes we all kept silence, but at last I ventured to remark that the bank was not so busy to-day as it probably often was. On this Mrs. Nosnibor said that it was indeed melancholy to see what little heed people paid to the most precious of all institutions. I could say nothing in reply, but I have ever been of opinion that the greater part of mankind do approximately know where they get that which does them good. Mrs. Nosnibor went on to say that I must not imagine there was any want of confidence in the bank because I had seen so few people there; the heart of the country was thoroughly devoted to these establishments, and any sign of their being in danger would bring in support from the most unexpected quarters. It was only because people knew them to be so very safe, that in some cases (as she lamented to say in Mr. Nosnibor’s) they felt that their support was unnecessary. Moreover these institutions never departed from the safest and most approved banking principles. Thus they never allowed interest on deposit, a thing now frequently done by certain bubble companies, which by doing an illegitimate trade had drawn many customers away; and even the shareholders were fewer than formerly, owing to the innovations of these unscrupulous persons.
It came out by and by that the musical banks paid little or no dividend, but divided their profits by way of bonus on the original shares once in every three hundred and fifty years; and as it was now only two hundred years since there had been one of these distributions, people felt that they could not hope for another in their own time and preferred investments whereby they got some more tangible return; all which, she said, was very melancholy to think of.
Having made these last admissions, she returned to her original statement, namely, that every one in the country really supported the bank. As to the fewness of the people, and the absence of the able-bodied, she pointed out to me with some justice that this was exactly what we ought to expect. The men who were most conversant about the stability of human institutions, such as the lawyers, men of science, doctors, statesmen, painters, and the like, were just those who were most likely to be misled by their own fancied accomplishments, and to be made unduly suspicious by their licentious desire for greater present return, which was at