text_original: Country banks had frequently 'failed to meet their note obligations, and during two crises, those of 1825 and 1839, the Bank of England itself *' had been exposed to great danger ".^ Peel was anxious to complete the work he had begun in 1819 : to " put a check on improvident speculation and inspire just confidence in the medium of exchange
text_transcription: COUNTRY BANKS HAD FREQUENTLY FAILED TO MEET THEIR NOTE OBLIGATIONS AND DURING TWO CRISES THOSE OF EIGHTEEN TWENTY FIVE AND EIGHTEEN THIRTY NINE THE BANK OF ENGLAND ITSELF HAD BEEN EXPOSED TO GREAT DANGER PEEL WAS ANXIOUS TO COMPLETE THE WORK HE HAD BEGUN IN EIGHTEEN NINETEEN TO PUT A CHECK ON IMPROVIDENT SPECULATION AND INSPIRE JUST CONFIDENCE IN THE MEDIUM OF EXCHANGE
phonemes: kˈʌntɹi bˈæŋks hæd fɹˈiːkwəntli fˈeɪld tə mˈiːt ðɛɹ nˈoʊt ˌɑːblɪɡˈeɪʃənz, ænd dˈʊɹɹɪŋ tˈuː kɹˈaɪsiːz, ðoʊz ʌv wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd twˈɛnti fˈaɪv ænd wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd θˈɜːɾi nˈaɪn, ðə bˈæŋk ʌv ˈɪŋɡlənd ɪtsˈɛlf ˈæstɚɹˌɪsk hɐdbɪn ɛkspˈoʊzd tə ɡɹˈeɪt dˈeɪndʒɚ ".pˈiːl wʌz ˈæŋʃəs tə kəmplˈiːt ðə wˈɜːk hiː hæd bɪɡˈʌn ɪn wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd nˈaɪntiːn : tuː " pˌʊt ɐ tʃˈɛk ˌɔn ɪmpɹˈɑːvɪdənt spˌɛkjʊlˈeɪʃən ænd ɪnspˈaɪɚ dʒˈʌst kˈɑːnfɪdəns ɪnðə mˈiːdiəm ʌv ɛkstʃˈeɪndʒ