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
[48] Nine-tenths of the existing Benefit Societies are still held
at public houses. This arrangement must always be, so long as it
exists, a theme for reprobation. There cannot be many greater
anomalies than this of the association of the club and the cup,
the bane and the antidote, saving and wasting. Speaking on this
point, the Rev. J. B. Owen justly remarks that the strange
association "together verify the old pagan fable of the tub of
Danaus full of holes, whose daughters were condemned to be
perpetually filling it, while all that was so laboriously poured
in as wastefully and hopelessly ran out." Or, as some one else has
put it who has employed the same figure more strikingly:--
"Like Danaus' tub
Is the public house club:
Their customers' mouths are the holes;
Ill spared is the 'chink'
That's wasted in drink,
To the bane of their bodies and souls."
[49] See next page.
[50] _Quarterly Review_, vol. xxxii. p. 189.
[51] "Many a man in that year," (1825), says Miss Martineau, "set
up for a banker who would, at another time, have as soon thought
of setting up for a king."--_History of the Thirty Years' Peace._
Lord Liverpool complained afterwards of the system "which allowed
any petty tradesman, any cobbler or cheesemonger, to usurp the
royal prerogative, and issue money without check or control."
[52] One prospectus of this date sets forth that, in the district
proposed for a mine there was "a vein of tin ore at its bottom, as
pure and as solid as a tin flagon." Another, "Where lumps of pure
gold, weighing from ten to fifty pounds, were lying totally
neglected," the quantity of gold in the mine "being considerably
more than was necessary for the supply of the whole world." Mr.
Canning, in reference to the companies projected, said soon
afterwards, "They fixed the public gaze, and excited the public
avidity so as to cover us, in the eyes of foreign nations, if not
with disgrace, at least with ridicule. They sprang up after the
dawn of the morning, and had passed away before the dews of the
evening descended. They came over the land like a cloud; they rose
like bubbles of vapour towards the heavens, and destroyed by the
puncture of a pin, they sank to the earth and were seen no more."
[53] _Annual Register_, 1826.
[54] _Progress of Savings Banks._ A series of tabular views, 1829
to 1841, by Mr. J. Tidd Pratt. London. 1845.
[55] _Companion to the Almanac_, 1839, p. 131.
[56] See next page.
[57] We give the statistics as relating to England only. Scotland
is out of the question, not merely on account of the slow progress
of Savings Banks there, but more especially because of there being
nothing analogous in Scotland to our English system of Poor Law
relief.
Public-domain text, read in full here on John Shaqi.
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