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
We have already seen that the Post Office Savings Bank bill was
rapidly and successfully passed through Parliament, and _did_ become
the law of the land. The Act "to grant additional facilities for the
depositing small savings at interest with the security of Government
for the due repayment thereof," received the Royal Assent on the 17th
of May, 1861. The author of the bill has the best claims on the thanks
and gratitude of the country. The press and the people of this land
have, almost with one accord, been loud in their praise; and the
three-quarters of a million of depositors, most of them attracted to
saving habits by the facilities he then for the first time offered
them, joined in silent thanks. The scheme for working this measure,
organized in the Post Office after repeated requests from Mr.
Gladstone, accomplished to a great extent under his oversight, and
then carried through Parliament by his administrative ability and
convincing eloquence, will ever cause his name to be most prominently
associated with the new system; and among the many triumphs of his
skill, this one will stand out with distinct prominence on the page of
history.
The Post Office Savings Banks have not only "answered," to use the
phraseology of the "leading journal," but they have attained a marked
position, and have been, in every respect, an eminent success. Not
nearly so much, however, with regard to their present condition, as to
their manifest and inevitable destiny in the future, the Postal Banks
are entitled to a high place amongst the social institutions of the
country. In every department of labour, the new banks have become, and
must yet become to a far greater extent, most effective agents in the
social and moral improvement of the people, and will give tenfold
effect to the endeavours which have been made, in so many directions,
to better the condition of the masses. Next, perhaps, to the repeal of
the Corn Laws, this is the greatest boon ever conferred on the working
classes of this country; and next to the scheme of Penny Postage
itself, the scheme of Post Office Banks is the greatest and most
important work ever undertaken by the Government for the benefit of
the nation. Whatever differences of opinion may exist as to the claims
of the present Ministry to public gratitude, there can, we should
imagine, be but one opinion now as to the vast advantages conferred
upon the bulk of the people by the measure of 1861.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account