A History of Banks for Savings in Great Britain and Ireland — John Shaqi
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
under Divine protection, their natural rights. "There, forgetful of
those petty distinctions which temporary circumstances had created,
they met as brethren, each to do his duty to his neighbour." After an
Irish member had expressed his wish that the same bill might be
extended to Ireland, where, he truly said, such habits as these banks
inculcated were most urgently needed, even more so than in England,
this one-sided debate was closed.[29] The bill was read a first time
on the 15th of May, 1816. It provided, that any number of individuals
might enrol themselves as Trustees of a Provident Institution or
Savings Bank at the Quarter Sessions. It was not meant by this to give
any power to Justices of the Peace, but simply that the act of
enrolment might thus be made in as public a manner as possible. It was
further arranged, that the Rules proposed for the management of the
new Savings Banks should in like manner be left with the Clerk of the
Peace for the respective counties. The bill authorised the Trustees or
Managers to appoint such officers as were likely to be needed, and
required that in all cases where the persons were to be entrusted with
money, they should give reasonable security. It was only further
provided, that depositors should not be prevented from applying for
parish relief, but that, if any dispute arose on this point, the
decision in the matter should be left with the magistrates in Quarter
Sessions. The session being near its close, and several members having
expressed their sense of the importance of the subject and the
necessity of producing a well-considered bill to regulate these banks,
the bill was withdrawn till the next session. On the 15th of February,
1817, Mr. Rose again returned to the subject, and got leave to
re-introduce his bill. He did not on this occasion enter minutely into
the consideration of Savings Banks, further than to express a
conviction he had, "which daily became stronger," that these
institutions, if properly directed, would have a very direct influence
on the vexed question of Poor Law relief. He contended, that, if they
became generally introduced through the length and breadth of the
country, they would gradually mitigate, and then do away with, the
evils attending the system of the English Poor Law; and he very
reasonably urged that any measure which would tend, even remotely, to
such a desirable object, was deserving of, and ought to have, the
hearty support and countenance of the Legislature. _Mr. Curwen_, an
authority on this phase of the subject, held that there could be only
one opinion as to the utility of the banks, but he was satisfied "it
was an error to imagine they would essentially contribute to the
alleviation of the present distressing situation of affairs." Nothing
short of a measure which in its nature might have a compulsory
influence over the minds of the people, to teach the poor and the
peasantry that the means of relief, of content and happiness, were
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