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
It was the 7 and 8 Vict. which, in addition, conferred
extended powers on the certifying barrister, by appointing him final
Arbitrator in any disputed case. The bill, after having been modified
in one or two respects, and contested on several points,[74] received
the Royal Assent in August, 1844, and was ordered to take effect on
the 20th of November following.
It will not be supposed that the bill, of which the above is an
outline, was passed through its different stages without a word from
Mr. Hume. That member may well be forgiven for alluding on one of
these occasions to the past, and stating, how, so far as the rate of
interest was concerned, he had been fighting for the very thing which
was likely to be brought about. This was clearly a case of patience
and obstinacy rewarded.[75] The bill, however, Mr. Hume stated,
scarcely went far enough for him, though it was in the right
direction. He still held the opinion that persons holding Government
security should be placed on the same footing, and that those who had
20_l._ in the Funds should be dealt with in exactly the same manner as
those who had 1,000_l._ In this, however, we cannot help thinking Mr.
Hume went rather too far, and argued on the assumption that there was
no difference between the shilling of the rich and the shilling of the
poor man. Mr. Goulburn in replying to Mr. Hume said, he knew this was
a favourite point with the member for Montrose; but he could not
concede it: a poor man with 20_l._ in the Funds could not and never
would be able to bear a fall in the Funds so well as the large
stockholder.
Public-domain text, read in full here on John Shaqi.
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