text_original: Despite strong opposition, the Bank of England was permitted to retain its most cherished privilege. It remained the Banker of the Government ; it alone, among the London Joint Stock Banks, was allowed to issue notes, and those notes, except at the Bank of issue, were to be legal tender. The last provision was erroneously interpreted as a partial return to incon  vertibility.
text_transcription: DESPITE STRONG OPPOSITION THE BANK OF ENGLAND WAS PERMITTED TO RETAIN ITS MOST CHERISHED PRIVILEGE IT REMAINED THE BANKER OF THE GOVERNMENT IT ALONE AMONG THE LONDON JOINT STOCK BANKS WAS ALLOWED TO ISSUE NOTES AND THESE NOTES EXCEPT AT THE BANK OF ISSUE WERE TO BE LEGAL TENDER THE LAST PROVISION WAS ERRONEOUSLY INTERPRETED AS A PARTIAL RETURN TO INCONTROVERTIBILITY
phonemes: dᵻspˈaɪt stɹˈɔŋ ˌɑːpəzˈɪʃən, ðə bˈæŋk ʌv ˈɪŋɡlənd wʌz pɚmˈɪɾᵻd tə ɹᵻtˈeɪn ɪts mˈoʊst tʃˈɛɹɪʃt pɹˈɪvᵻlɪdʒ. ɪt ɹᵻmˈeɪnd ðə bˈæŋkɚɹ ʌvðə ɡˈʌvɚnmənt ; ɪɾ ɐlˈoʊn, ɐmˌʌŋ ðə lˈʌndən dʒˈɔɪnt stˈɑːk bˈæŋks, wʌz ɐlˈaʊd tʊ ˈɪʃuː nˈoʊts, ænd ðoʊz nˈoʊts, ɛksˈɛpt æt ðə bˈæŋk ʌv ˈɪʃuː, wɜː təbi lˈiːɡəl tˈɛndɚ. ðə lˈæst pɹəvˈɪʒən wʌz ɛɹˈoʊniəsli ɪntˈɜːpɹɪɾᵻd æz ɐ pˈɑːɹʃəl ɹᵻtˈɜːn tʊ ɪŋkˈɑːn vˌɜːɾəbˈɪlᵻɾi.