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File:Bank Transfer, or, A new way of supporting public credit (BM J,4.52).jpg

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Bank Transfer, or, A new way of supporting public credit   (Wikidata search (Cirrus search) Wikidata query (SPARQL)  Create new Wikidata item based on this file)
Title
Bank Transfer, or, A new way of supporting public credit
Description
English: Pitt, very thin and tall, strides towards the Exchequer (left), a high and narrow doorway surmounted by a crown, into which he is carrying the Bank of England, whose long façade he holds on his shoulder. He says, "Why I can carry this with ease, ay or any thing else". From it falls a paper inscribed 'Bank Stock'. He tramples on two papers: 'Public Credit and Public Faith'. In the upper right corner of the design is an oval balloon inscribed 'Floating Balance'. The design resembles, and is probably imitated from, Sayers' 'Transfer of East India Stock', see BMSat 6271. 26 March 1791
Etching with hand-colouring
Depicted people Representation of: William Pitt the Younger
Date 1791
date QS:P571,+1791-00-00T00:00:00Z/9
Medium paper
Dimensions
Height: 349 millimetres
Width: 248 millimetres
institution QS:P195,Q6373
Current location
Prints and Drawings
Accession number
J,4.52
Notes

(Description and comment from M.Dorothy George, 'Catalogue of Political and Personal Satires in the British Museum', VI, 1938) A satire on Pitt's proposal to defray (in part) the debt incurred by the naval preparations against Spain (see BMSat 7645, &c.) by a transference of £500,000 from the £660,000 of unclaimed dividends at the Bank of England, making the Consolidated Fund answerable if they should at any tune be claimed. The scheme was opposed as 'utterly subversive of public credit' (Fox, 15 March 1791; 'Parl. Hist.' xxviii. 1401), and it was finally arranged that the Bank Directors should lend £500,000 without interest. 'Parl. Hist.' xxviii. 1381-1422; Stanhope, 'Life of Pitt', i. 383. This proposal was cited by Brissot in his report on 12 Jan. 1793 in favour of war with England, to show that her financial position was desperate: 'pour faire face à des besoins pressants, on est obligé de se dégrader au point de voler dans la Banque d'Angleterre cinq cent mille livres sterling appartenant à des propriétaires inconnus!' Desbrière, 'Projets et tentatives de débarquement aux îles Britanniques . . .', 1900, i. 17. See BMSats 7839, 7842.


On the verso a note by Sarah Banks identifying Pitt
Source/Photographer https://www.britishmuseum.org/collection/object/P_J-4-52
Permission
(Reusing this file)		 © The Trustees of the British Museum, released as CC BY-NC-SA 4.0

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current21:24, 8 May 2020Thumbnail for version as of 21:24, 8 May 20201,125 × 1,600 (549 KB)Copyfraud (talk | contribs)British Museum public domain uploads (Copyfraud/BM) Satirical prints in the British Museum 1791 #462/12,043

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