The ship's bell (engraved "ST. JEAN - 1779") was recovered on 17 July 1858. The bell was found entangled in the chains originally running from the ship's wheel to the rudder, and was originally left in this state before being separated and re-hung from the rostrum of the Underwriting Room at Lloyd's. It weighs and is in diameter. It remains a mystery why the name on the bell does not correspond with that of the ship. The bell was traditionally struck when news of an overdue ship arrived - once for the loss of a ship (i.e. bad news), and twice for her return (i.e. good news). The bell was sounded to stop the transaction of business while all brokers and underwriters were made aware of the news simultaneously. This was because reinsurance on an overdue vessel was often placed (so that an underwriter could close their books on a block of older business), so making the latest information on a ship highly material to a partly placed reinsurance contract. The bell has developed a crack and the traditional practice of ringing news has ended: the last time it was rung to tell of a lost ship was in 1979 and the last time it was rung to herald the return of an overdue ship was in 1989.