76 LIFE OF SIR JOHN LUBBOCK 



CH. 



our race, and is written in so clear and agreeable 

 a manner that it is sure both to gratify and in- 

 struct every class of reader." Such praise was, 

 of course, the more welcome as coming from so 

 high an authority as Mr. Wallace. 



All the complimentary notices that it received 

 would fill a volume as large as itself. 



In June of the same year Sir John read a 

 paper before the Statistical Society on the London 

 Clearing System, which was the subject of an 

 elaborate and complimentary review in the 

 Money Market Review, the writer describing him 

 as one who " pursued his avocation as Banker 

 not only as a means of money getting, but as a 

 Science." 



He gave for the first time some figures showing 

 the relative use of cheques and bills, notes and 

 coin, in our financial transactions. 



Taking the last days of 1864, he found that 

 the relative amounts passing through his Bank 

 were : 



Clearing Cheques and Bills . £16,346,000 

 Other Cheques and Bills . 5,394,000 



£21,740,000 



Bank of England notes . £1,137,000 



Country Bank notes . . 139,000 



1,276,000 



Coin 79,000 



£23,095,000 



In the same paper he described the founda- 

 tion, and conduct, of the Country Clearing. 



He had been invited to take the chair as 

 President of Section D at the British Association 

 meeting at Birmingham, but resigned in con- 

 sequence of his father's death. He and Lady 

 Lubbock, however, attended the meeting, and 



