A History of Banks for Savings in Great Britain and IrelandLewins, William
History
A History of Banks for Savings in Great Britain and Ireland
Lewins, William
Postal savings banks -- Great Britain; Savings banks -- Great Britain
difficulties it was the paramount duty of the Legislature to grapple
with it; and an opportunity would be soon afforded. Mr. Disraeli at
this time did not know how soon he was to be in a position to grapple
with the subject himself. Sir Charles Wood's pledge was not kept. All
such measures as those we are considering have suffered greatly from
the vicissitudes of administrations, and it was so in this instance.
Towards the end of 1852 Mr. Disraeli succeeded Sir Charles Wood as
Chancellor of the Exchequer in Lord Derby's first Ministry; but he had
scarcely time, supposing him to have had the disposition, to take up
the matter where it had been left. When the Derby Administration gave
place to the coalition Ministry of Lord Aberdeen, and Mr. Gladstone
took the place of chief financial minister, there was soon a better
prospect of some settlement. Even under his auspices, however, matters
at first went on very slowly; so multiform were the questions and
interests involved, that even Mr. Gladstone's powers were severely
tried to clear the ground of the incumbrances which time and prejudice
had reared. When Mr. Gladstone left office and was succeeded by Sir
George Lewis much had been done; the necessary preliminary measure of
a full investigation into the Savings Bank question by a Committee of
the House of Commons had been decided; the real nature of the
connexion existing between the Government and the Savings Banks was
better understood: and when after a lapse of two or three years he
returned to his old position, he took the matter up where it had been
left, and carried the subject, by his unapproachable eloquence and
energy to an easy and final solution. Mr. Gladstone's name will go
down to posterity covered with honourable trophies of his great
powers; but we question whether among the great schemes he has carried
any will be remembered longer than those meant to increase among the
lower classes the habits of prudence and frugality.
Public-domain text, read in full here on John Shaqi.
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