[141] According to an excellent authority, Mr. Smiles, to whose admirable article in the _Quarterly Review_ (Oct. 1859) we are indebted for some of our particulars of the history of this movement, it would appear that the first proposal for Regimental Savings Banks was made in 1816 by Paymaster Fairfowl, but allowed to drop; it was taken up again in 1827, when Colonel Oglander, commanding a regiment of Cameronians, brought the project under the notice of the Duke of Wellington. The Duke could not see any benefit to be derived from the proposal, and wrote the following characteristic memorandum upon the papers: "There is nothing that I know of to prevent a soldier, equally with others of his Majesty's subjects, from investing his money in Savings Banks. If there be any impediment, it should be taken away; but I doubt the expediency of going further." He added something further, however, which, also eminently characteristic, opened up a new feature in the case, and closed the door to such proposals till after the Duke had left the service. "Has a soldier," continued he, "more pay than he requires? If he has, it should be lowered, not to those now in the service, but to those enlisted hereafter." Colonel Oglander had no idea that the soldier should have less than his "thirteen pence a day, and a penny beer money," and therefore suffered his proposals to be simply negatived. [142] The deposits in Seamen's Savings Banks-- In 1861 were £17,112, and withdrawals £12,681 1862 " 17,089 " " 15,343 1863 " 17,098 " " 14,090 [143] To the Honorary Secretary of this bank, Mr. W. W. Morrell, we are greatly indebted for much information on the Penny Bank movement; and, as an ardent Savings Bank reformer, for much information on our subject generally. [144] Any of our readers who may desire fuller information on the subject of Penny Banks, or particulars as to their management--information which we should have been glad to have furnished, had our space permitted--could not do better than get an admirable little pamphlet on "Penny Banks," by the Rev. J. E. Clarke, of Derby. (Bell and Daldy, 1859.) Mr. Smiles, in his _Workmen's Earnings, Strikes, and Savings_, also devotes a short chapter to describing, in his usually effective way, their results on the provident poor.