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Story Of Sewage Worker Who Broke Into Bank Of England

The Bank of England is one of the world’s oldest financial institutions, entrusted with keeping the UK’s monetary system stable. It has stood on a 3.4-acre site in London’s Threadneedle Street since 1734, concealing eight gold-filled subterranean vaults beneath the renowned structure.

According to The Spectator, the bank was built with security in mind, having 8-foot thick walls. The vault keys, which are more than a foot long, are now backed up by speech recognition technology and a cutting-edge security system.

According to its official site, the Bank of England maintains £200 billion in gold, making it the world’s second largest gold keeper behind the New York Federal Reserve.

The bank takes pride in the fact that it has never been looted in its 325-year history. However, it is said that the bank’s fortifications were overcome in the nineteenth century when a resourceful sewer worker gained entry to the main gold vault. According to the bank’s website, the astonishing episode caused the bank’s ancient Victorian directors a great deal of discomfort.

The Bank of England’s board received an anonymous letter in 1836, in which the author claimed to have direct access to the bank’s gold. The directors assumed it was a joke and proceeded to disregard it. However, they got another letter later, in which the enigmatic author offered to meet them inside the main gold vault at any moment they chose.

A commotion was detected beneath the floorboards at the appropriate moment, and a man popped up beneath their feet, much to their amazement. He was a sewage worker who had been repairing pipes near the Bank of England’s Threadneedle Street headquarters. During his routine check, he uncovered an ancient drain that ran straight beneath the bank’s gold vault.

The drain was an excellent access point to the gold vault and a huge security breach. The revelation of such a big breach in the bank’s meticulously established security procedures astounded the bank’s directors. After a brief inventory, they discovered that despite having many opportunities, the sewer worker had not removed anything from the vault. The directors gave him £800 as a prize for his honesty, which is equivalent to £80,000 in today’s money and would have completely changed the man’s life.

Sources:

https://www.google.com/amp/s/www.spectator.co.uk/article/the-bank-of-england/amp

https://www.bankofengland.co.uk/knowledgebank/how-much-gold-is-kept-in-the-bank-of-england#:~:text=Bank%20of%20England%3F-,Our%20gold%20vaults%20hold%20around%20400%2C000%20bars%20of%20gold%2C%20worth,Federal%20Reserve%20tops%20the%20list).