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
A month afterwards the debate was resumed by _Mr. Ayrton_ in a very
long speech, during which he attacked the Post Office Savings Bank
system; stated that just when they were most prosperous, 1859 and
1860, Government had brought out their scheme, which was working and
would continue to work with telling effect upon the old banks. So with
the present proposals; they would interfere with safe private
agencies. "The Government would pursue a much better plan," continued
Mr. Ayrton, "if they were to encourage the establishment of
associations among the people themselves; for it was through the
exercise of local administration that a nation became most fitted for
the enjoyment of political rights." In place of this, "they proposed
to place a stipendiary of the Crown in every parish and hamlet to
institute an examination into the private affairs of individuals."
_Mr. Hubbard_ thought the proposed measure one which they ought and
might very well entertain. He looked upon it simply as an extension of
the principle of the Post Office Savings Banks, which had now received
the sanction of the entire country.
_Mr. Gladstone_ then replied. After referring to some of the
objections that had been made to the measure itself, he said he would
not object to submit it to a Select Committee; but he could not
consent to refer the whole subject-matter to a Committee, as that
would indefinitely postpone legislation on it. He believed that the
public were growing more and more in favour of the plan, and that this
feeling would be increased as its objects and provisions became better
understood. He also stated that, during his long public life, he
himself had never received so many letters as he had upon this measure
from all classes of the community, and all expressing approval and
gratitude for it. A few days afterwards a Committee was appointed, to
consist of Mr. Gladstone, Mr. S. Estcourt, Mr. M. Gibson, Mr. Henley,
Sir M. Farquhar, Sir S. Northcote, Mr. Horsfall, Mr. Göschen, Mr.
Charles Turner, Mr. H. Herbert, Mr. Hubbard, Mr. Sheridan, Mr. Ayrton,
Mr. Hodgkinson, and Mr. Paget.[201] After an ineffectual attempt to
enlarge the scope of the inquiry, which partook of the nature almost
of a party struggle,--104 members voting with Sir M. Farquhar, and 127
with the Government--the Committee commenced its sittings.
Public-domain text, read in full here on John Shaqi.
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