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Many thanks Rick! Fascinating material! Diana> Date: Thu, 13 Sep 2007 12:32:28 -0400> From: [log in to unmask]> Subject: Bankers at war> To: [log in to unmask]> > BANKERS AT WAR> > When doing research for the "Lloyds Bank Economic Review" query I came> across a few webpages that may be of interest to the group. The first> is about what was to be done about a war memorial with which Lloyds> commemorated its employees who died in the two world wars. I think> Nancy will be interested in this. This page mentioned a unit called> the Bankers Battalion.> > Seeking more information on the Bankers Battalion I came upon the> second webpage which had the reminiscences of a member. He mentions a> couple of times when 800 men went into action and only 100 came out.> I picked a section to quote though that mentions 1914 pay rates,> including that of a soldier. Later on down I'll compare that to what> Eliot was getting paid at the time.> > The third webpage has some information on how to get a short film of> the Bankers Battalion on parade.> > The fourth webpage will bring you to a review of the book> "Lloyds Bank, 1918-1969" by J. R. Winton (if you're lucky.)> > > ----------------------------------> > http://www.curme.co.uk/mem.htm> > The closure of the Lloyds TSB Bank plc Group Head Office building in> Lombard Street, City of London presented the Group with a particularly> interesting challenge. What to do about the Lloyds Bank War Memorial> which dominated the old entrance hall with it's long list of names of> employees who had lost their lives during the two World Wars. This> Memorial had traditionally served as a focal point for the Lloyds TSB> Group collective commemoration on the 11th of November each year.> > ...> > One particularly poignant aspect of the WWI memorial is that 28 of the> listed names were killed whilst serving with the 26th Royal Fusiliers> (Bankers Battalion). Hundreds of young men from Lloyds Bank> volunteered for service and joined this 1,500 strong unit which> consisted entirely of bank employees. Twelve of the Lloyds contingent> were killed on the first day that the 26th Bn went into action on the> Somme at Flers in September 1916 (the first time tanks were used in> battle).> > > ----------------------------------> > http://website.lineone.net/~chrisjhill/HillTree/C_Hill_reminiscences.htm> > Charles Hill's reminiscences> > Arthur was working in Dulwich as a carpenter and joiner; Richard was a> billiard table maker and I was a junior clerk and office boy firstly> with a firm of solicitors but afterwards in the same capacity with the> Corporation of London. Arthur and Richard were both experts at their> jobs and earned top money for those days (5 per week). I, at the> first job received ten shillings per week [50p] and transferred to the> Corporation at fifteen shillings [75p] per week.> > On Bank Holiday 4th August 1914 war was declared by our government and> in due course conscription was mooted.> > I thought I would rather pick my destination and went to the> Recruiting Station in the neighbourhood of St Paul's Cathedral.. There> were then two recruiting sergeants (they were done away with when> compulsory service was brought in.). One sergeant was recruiting for> the Stock Exchange Battalion of the Royal Fusiliers, the other for the> Bankers Battalion of the same regiment. I chose the Stock Exchange> Battalion but, when I went into the Recruiting Office, I was told> that, as they had got into trouble for taking what we used to call the> 'typewriting boys' (the lads who, with brush and tray ran under the> horses' tails and picked up their leavings so as to keep the roads> clear), they wanted permission from the Comptroller to accept me. This> amused neither the Comptroller nor myself.> > Anyway, fending off a try by the Bankers to poach me, the Stock> Exchange passed me into the doctors. Eye tests were not too good but,> after being nearly on top of the test card before I could get down the> rows of letters, I was told "you'll do to stop a bullet" and I went on> to join for "three years or the duration of the war". Having complied> with all the necessary conditions, I was given 2s/9d (nearly 14p)> being 1/- (5p) for a day's pay and 1s/9d (nearly 9p) for a day's> lodging and rations, a rail ticket for Leamington Spa and a paper> ordering me to attend there the next day. Although I did not know it,> there was a "slip coach" which was drawn by an engine and carriages> which went further on. This was released just short of Leamington and> coasted in to be picked up by a "light" engine.> > > ----------------------------------> > http://www.screenonline.org.uk/film/id/735654/synopsis.html> > "BANKERS IN KHAKI The Lord Mayor takes the salute of the 26th> (Service) Battalion known as the Bankers Battalion on their march> through the city". Bankers Battalion marching through wet streets of> the City led by a military band. The Lord Mayor of London, Sir Charles> Wakefield, and army officers on the steps of St Paul's Cathedral.> > > ----------------------------------> > http://links.jstor.org/sici?sici=0272-3433(198423)6%3A4%3C116%3ALB1%3E2.0.CO%3B2-D> > Review: [Untitled] > Reviewed Work(s): > Lloyds Bank, 1918-1969 by J. R. Winton> Author(s) of Review: Larry Schweikart> The Public Historian, Vol. 6, No. 4 (Autumn, 1984), pp. 116-117> This article consists of 2 page(s).> > > ----------------------------------> > The pay rates mentioned by Charles Hill:> 5 per week = 260 per annum> 10s per week = 26 per annum> 15s per week = 39 per annum> 1s per day = 18 5s per annum> > For Eliot's WWI salaries see Ackroyd's TSE biography pp. 67, 68, 77:> 1915 Interest on 3,000 worth of debentures from Russell (interest rate?)> 1915 High Wycombe Grammar School: 140 per annum> 1915 Highgate Junior School: 160 per annum> 1918 Lloyd's Bank salary: 270 per annum> 1922 Dial Prize: $2,000 = 400 > > Using the calculator at http://measuringworth.com/calculators/ppoweruk/> to convert TSE's income to its 1914 equivalent:> 100 in 1915 is equivalent to 1914's 83 9s 5d> 140 in 1915 is equivalent to 1914's 116 17s 2d> 160 in 1915 is equivalent to 1914's 133 11s 0d> 270 in 1918 is equivalent to 1914's 137 0s 1d> 400 in 1922 is equivalent to 1914's 227 10s 6d> > So, Eliot's salary may have been 3 times that of a small house agent's> clerk.> > Regards,> Rick Parker
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