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
The results of this fraud in Dublin and the neighbourhood was most
disastrous; not only so, but years afterwards, in remote parts of
England as well as Ireland, this case of fraud was referred to with
considerable bitterness, and urged as an excuse for prodigality and
recklessness. There was at the time a still more important Savings
Bank, with several branches, in Dublin; and so great was the effect of
the fraud, that nearly all the money deposited in this bank was
withdrawn within four weeks, and it was a considerable period before
it recovered its position. The depositors in the Cuffe Street bank
were of the poorest classes, and the effect upon them when they found
they had been robbed of all they had is described as painful in the
extreme. "Dealing with the case, and the details of it," said one
influential gentleman, "I have never seen anything more calculated to
excite painful feelings than this was; some of the depositors were on
the very verge of wretchedness and destitution, without a shilling to
support them." According to another excellent authority[67] some died
of want and distress, and many of them had to seek the shelter of the
workhouse. Before the case came on for discussion in Parliament,
several petitions were presented to the House of Commons, praying for
help, and setting the pitiable situation in which the frauds had
placed many of the depositors before the public; and one, signed by
5,076 citizens of Dublin, with the Protestant and Catholic Archbishops
of Dublin heading the names, bore out in full the facts to which we
have just alluded.
Public-domain text, read in full here on John Shaqi.
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