Banks and Their Customers: A practical guide for all who keep banking accounts from the customers' point of viewWarren, Henry
History
Banks and Their Customers: A practical guide for all who keep banking accounts from the customers' point of view
Warren, Henry
Banks and banking -- Great Britain
Managers in towns of from
40,000 to 60,000 inhabitants 350 ” 500
Managers in small country
towns 250 ” 350
Inspectors (with one guinea
a day for travelling expenses) 300 ” 500
Accountants or chief-clerks 160 ” 210
Cashiers 160 ” 210
Clerks 80 ” 160
Apprentices 30 ” 50
At the head-office in London, where there is a special scale, the
city-manager would receive from £1,000 to £1,500 a year, and the
chiefs of departments from £300 to £1,000, according to the importance
of the department, while the salaries of the ledger-clerks would be
raised £10 each year until the maximum, £300, had been reached. The
maximum for clerks is £180. At the metropolitan and suburban branches
however, the salaries are the same as those set out in the foregoing
list, and the managers would receive from £300 to £800 or so a year
in proportion to the business done at the branch. Very few of the
joint-stock banks would pay a higher scale of wages than this, and the
great majority of them, especially the purely provincial companies,
would pay considerably less, while the Scotch banks are niggardly in
the extreme--a little national characteristic. It is on record that a
clerk in a certain Scottish banking company, whose head-office is at
Aberdeen, was receiving £30 a year at the end of five years’ service.
In a fit of unaccountable generosity his salary was then raised to £50
per annum, but the recipient remarks that he showed his gratitude by
promptly moving to London.
Adverting to our list, we can see that a youngster entering this bank
at the age of, say, seventeen, gets £30 a year, out of which he has to
pay certain subscriptions. At the age of twenty his salary would be
increased to £80, and £10 at the end of each year’s service would be
added until the maximum for clerks, £160, were reached. He would then
be twenty-eight, and there he would have to wait for the bank to make
him either a cashier or an accountant before he could proceed to the
next step. A few men remain clerks all their lives, but the percentage
would be a very small one, and in every probability the clerk might
count upon being promoted at the age of thirty-three or thirty-four.
With good luck, or should he chance to have a friend at “court,” he
might gain this step at thirty.
Public-domain text, read in full here on John Shaqi.
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