, 1880-09-12

The British Government has, after SLOW
| processes and long deIiberation. adopted the
policy of affordlng the largest facilities for
thrift The abuses under the private savings
banks system led some years ago to legisla-
ton Of a more rigorous character for the pro-
lection of depo5itors, and also to the es-
| tablishment of savings banks in connection
| with the post-otfices. These postal savings
| banks were of necessity limited to post-of-
| fees Of the larger character, and out OF the
1900 post-ofices in the United Kingdom
not more than 5000 have savings banks at.
tached to them. The increase in these postal
savings institutions has been slow. the addi-
ton not,excecdiE 800 year, At the present
time, the deposits In the British postal say
ings banks Is about S160, ,0o0, 600, and 10 the
old chartered institutions about $40, 600 900,
The. lowest sum received on deposit is one
shilling, or about ~ cents, and the interest
allowed is ~ per cent Il year. The oo-
p0rtunitfes for depositing in the postal
banks are therefore limited, and BY no means
general, and the amount required for de-
posit is regarded as fatal to saving by large
class Of people who might otherwise deposit,
The. new Postmaster General Of England
has directed his etfurts to still further enconr-
age and promote thrift. He wisely argues
that it is better for the masses that the Gov
ernment should by legislation give them
every opportunity to practice thrift, and
thereby become more se1f-dependent, and
to have point towards which they
can work ON their own behalf. than
to deny them such facilities, and teach them
to look to the Government OF private charity
to support them in the future. The money
on deposit In the postal banks belongs to
an immense number Of persons, and the |
smailness Of the deposits is evidence OF how
hard 1t is for them to save at all.
One Of the improvements made by the new /
Postmaster-G General, who is Mr. Fawcett |
(the blind orator and statesman of England),
is to detail clerk to visit nelghborhoods
where there are no postal savings offices and
receive deposits, due notice being given Of
the date of the visit. During the four weeks
since this has been In operation 81, ,450 was
deposited at the thirty places at which a
clerk was in attendance to receive deposits,
This is literally carrying the savings bank to
The depositors, and when it becomes general
[y known much is expected from this AZ
:angement
One great difficulty in the promotion of
thrift has been. with q very large class. the
difficulty Of saving a shilling By accumula-
fons ap,3na+ fho ..,,- ,r,.,;n. o,,x,+o+,., -
A' "e"'Aos .1o ofot -p1eoon@ toiupsos1o1 "
opacco and ale, urged on by the conscious
,ess that tha er,,, rso,,oa 10 ]oec +har +ha .bt1
wv 4@s ~e ouio o"feo - 4e.'o Slta'1 VIC o441t"
u ing g1s needed to make a deposit. Ihe new law
o.ue' ~'~3 Ao1 '"'o' 10y
'egson may obtain tree OF cost blank
Orm: this firm Ia djvjded }nto twelve snacas ]
!: ~. 49, - ~ 49, A0 ~ fo'
acu tue Size Of penny posIage-S1amp. |
Any person having a penny can purchase 4 |
toun ~, - 20 -.
'14P auu paste IL ou one VI loe
PAGES of the card. and when twelve |
fomne orc +h,. ah+,,nod- +ha oo-a ,
'S'opo "lo Illus optalAeu 1do calu VI
0rm can be deposjtel at the postal savings
ank ar rynna.a..s.,.~ eb;jti,, Tb,,.
OK" 0o REPRESENTING sH'tHs' 1hus
aVing OF single penny is rendered ayailar
le tn thosa .uhc hova no n1ora and H. ia I I
=, WV n"'s ~ 1o0' 4 ,
IoMlSeQ Lhat II this be as successful as Is !
xDected the nuYnhar nf efamne needed for a | I
80 80 oeA ~ o'f ~, -, :
eposlt WILL De reduced to SIX lhlS facility |
u saving is offered in opnos}tion tn the fa- ! c
~. - A
:, Or a trona1aa ~ % throananca <north ~ r