240
CHAPTER
FOURTEEN:
knew
as
no other
man
how
appalling
were
sanitary
conditions
in
all
urban
centers,
and
he
was
consumed
with
reforming
zeal.
When
the
dread
Asiatic
disease
hit
England
a
second
time,
he
had
little
difficulty
in
persuading
parliament
to
pass
the first
Public
Health
Act.
This
meas-
ure
of 1848
set
up
a
central
Board
of
Health
authorized
to
establish
local
Boards
of Health with extensive
powers.
Here
again
we see
the
new
development
of
administration:
a
central
bureaucracy
assisting
and
assisted
by
local bodies.
Many
other
reforms of
the
time
were effected
by
the
growing
human-
itarian
spirit.
It
would
be tedious to list
them
all,
but
we should
notice
a
few.
By
the
early
thirties
the
milder
criminal
code that Peel
had
so
recently
inaugurated
came
to be
regarded
as too
severe,
with
the
result
that
by
1841
parliament
had abolished
the
death
penalty
for
all but
the
gravest
crimes. Persons accused
of
felonies
were
at last
permitted
to
be
represented by
counsel,
and
imprisonment
for
debt
disappeared
almost
entirely. Impressment
for the
navy
was
abandoned,
and
flog-
ging
in
the
army practically
ended.
Even dumb
creatures
found
legis-
lative
pity,
which
prohibited
such cruel
sports
as
cockfighting
and the
baiting
of
bulls, bears,
badgers,
or other animals.
Of
the economic
reforms
of this
era,
one
group
of
measures
dealt
with
the
organization
of
capital.
This was a
highly
important
matter in
Britain,
then
the
industrial,
commercial,
and financial center
of the
world.
It
was
at this
time
that
the
British
banking system
received
its
modern form.
The heart
of
it is the Bank
of
England,
the
oldest
bank
in
existence
anywhere,
having
been
founded
in 1694.
In return
for
advancing
a
large
loan
to
the
government,
it
received
a
monopoly.
Private
banks
were also
allowed,
but none could
get
a
charter,
and
none could
be
operated by
a
company
or
by
a
partnership
of
more
than
six members.
By
1800,
when the United States had
twenty-eight
banks,
Britain
had
them
by
the
hundred.
Among
them was
the
largest
merchant-
banking
house
in
the
world,
run
by
the
Baring
brothers,
grandsons
of
a
Lutheran
pastor
in
the German
city
of
Bremen,
and
sons
of an immi-
grant
who
had
made a
fortune
in the
manufacture
of cloth. Most
of
the
private
banks,
however,
were
small local concerns.
As the Bank
of
England
was
content to be
a
bankers' bank and the
financial
agent
of
the
government,
private
banks
handled
practically
all
the
ordinary
business
of
commerce and
industry,
and
they
issued their
own notes.
Because
the
country
was
off
gold
from 1797
to
1821,
and the Bank of
England
abandoned
the
issue
of notes
for
1
and
2
while
the
private