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
condition, and the means by which the difficulties in their position
have been encountered. After this it will not be inappropriate to
refer to what still remains to be done.
"The nineteenth century," as Mr. Gladstone, in addressing the working
men of Glasgow, has just said, "whatever else it is, is undoubtedly in
a new and peculiar sense the century of the working man." "It is the
century which has seen his position raised, his circumstances
improved, new means organised for his benefit, new prospects opened
for the future, and he has before him--I mean not the individual but
the class--a prospect which, I trust, nothing can mar--of increased
weight, increased consideration, increased usefulness, increased
happiness in the generations to come." The Chancellor of the Exchequer
might with justice have said that the second quarter of the present
century has seen this great improvement inaugurated and carried on.
Beginning with 1830, and letting the period of the removal of
political and fiscal burdens mark the commencement of the better order
of things, the progress of political economy, of social knowledge, and
the favouring circumstances of the times achieved the rest. In the
first quarter of the century the working population, left pretty much
to themselves, or given over to the tender mercies of political
demagogues, were either stolidly indifferent to any improvement, or
were kept in a constant turmoil of excitement and confusion. The
Reform Bill bringing political power to the better class of artisans,
gave a decided stimulus to the intelligence of the people, and an
impulse to the then existing means of education. This political power
brought its responsibilities, and it may be fairly assumed that
increased political knowledge was the result. Whether so much will be
granted or no, it is certain that schools and educational
establishments now began to multiply in a manner unknown to any
previous decade. It was now that there came demands for knowledge, and
that the demand brought forth supplies of the most practical kind. The
story of the popular literary ventures of 1832--the very first of
their kind--need not be repeated here, though a volume might well be
written on the subject, and showing the influence which they, and
other ventures to which they gave rise, have had on the intellectual
progress of the people. On the demand for knowledge there followed in
quick succession the removal of many barriers that stood in the way;
and more important still, the remissions of, to the poor man, enormous
fiscal burdens which pressed with great weight upon his energies.[1]
It would scarcely be too much to say that every year for the last
thirty years the working man has found himself better able to cope
with the disadvantages of his position, and, if he should so choose,
to place himself to a very great extent beyond the reach of absolute
want.
Public-domain text, read in full here on John Shaqi.
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