The Doom of London

by Fred M. White

The City was awake earlier than usual next morning; indeed, for once, it had not slept. By nine o'clock in the morning the streets were packed. The haggard-eyed, sleepless ones gained nothing by their tenacity, for they were pushed from pillar to post by others, fresh for the fray.

The provincial trains from an early hour had commenced to pour fresh forces into London. A great many business men had slept as best they could in their offices, feeling pretty sure that it was the only way to be on the spot in the morning. They looked tired and worn out.

It was a quiet, persistent, grim crowd. There was no hustling or horse-play, or anything of that kind; even the ubiquitous humourist was absent. They pushed on persistently, a denser crowd round the large banks. As soon as the shutters were down and the doors opened the human tide streamed in.

The run on the banks had set in grimly. Clerks and cashiers from distant branches had been brought up to meet the pressure. There was a confidence in the way they bustled about and handled and paid out the money that was not without its effect. More than one man eyed the pile of notes in his hand and passed them back over the counter again. Here and there people were bewailing the loss of their money.

It was the golden hour of the light-fingered fraternity. They were absolutely covered by the dense crowd so that they could pursue their vocation with impunity. They had only to mark down some rich prize and plunder. Individuals shrieked that they had been robbed, but nobody took any notice.

A burly, red-faced farmer yelled that he had been robbed of £800 in Bank of England notes. Someone by him retorted that it was no loss, seeing that there was a run on the great National Bank.

It was the thrilling moment of the day! A run on the Bank of England!

It was the thrilling moment of the day! A run on the Bank of England! And yet it seemed in the light of new circumstances to be the most natural thing in the world. Would the bank be able to cash its own notes? If not—well, if not—nobody could foresee the end.

There were thousands of curious people in the crowd who had no business there whatever. Not that there was any business properly so called done in London that day. There was a surging rush in the direction of Threadneedle Street. It would be something in after life to say that one had seen a run on the Bank of England.