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
Opposition on financial subjects, condemned the proposition as likely
to cause distrust amongst all classes connected with Savings Banks. So
far from thinking that the interest ought to be reduced, or could be
reduced, with safety--and this remark is curious, viewed in the light
of subsequent events--"it was only by great care and good management
on the part of those who superintended such banks" that expenses could
be paid. Time, however, works wonders, and among other things, brings
its revenges. The financial reformer, who from the first had the best
of the argument, had not long to live to see a change, and to find
that change brought about under the direct auspices of one who only
six years before, in the words just quoted, had strenuously opposed
his motion. We must leave Mr. Goulburn's bill of 1844 to be described
in a subsequent chapter.
[28] Mr. Rose's exertions in this respect were only ended by his
death, which took place in January, 1818, at the age of
seventy-four. "His whole life," says a contemporary, "was the
continued and strenuous effort of a powerful mind to promote the
welfare of the state and the happiness of his fellow creatures."
In contrast to this testimony, which cannot be called exaggerated,
we might refer to William Cobbett's bitter tirades against Mr.
Rose, which, indeed, may with some readers form the most
convincing evidence of the merits of the statesman. In Cobbett's
"New Year's Gift to Old George Rose," published in the _Register_
of 1817, and to which choice production we shall again refer,
there is an elaborate and embittered attack upon the latter, in
the course of which Cobbett stated that the amount of the
sinecures which Mr. Rose and his sons held would furnish ample
funds for all the Savings Banks then in existence.
[29] From a bare record of the debate in question to be found in
_Hansard_. Third Series. 1816.
[30] Act 57 George III. c. 130.
[31] _Hansard's Debates_, vol. xli. page 1392.
[32] This cognomen was given to Mr. Duncan more than once in the
House of Commons about this period.
[33] _A Letter to W. R. K. Douglas, Esq. M.P. on the Expediency of
the Bill brought by him into Parliament, occasioned by a Report of
the Edinburgh Society for the Suppression of Beggars._ By the Rev.
Henry Duncan, of Ruthwell. 1819.
[34] 1 George IV. c. 83.
[35] 5 George IV. c. 62.
[36] We shall see subsequently that this loss was more than made up
in other ways.
[37] _Times_, March 13, 1828.
[38] 9 George IV. c. 92.
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