History of Banking, National And State Banks, National-Bank Supervision ...
History of Banking, National And State Banks, National-Bank Supervision ...
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It developed into a savings bank in 1798. It was about this time that the savings-bank idea had begun to attract more than local attention. In 1786, the Duke of Oldenburg established, in Germany, an institution for receiving small savings. In 1787, the government of Berne established and endowed a savings organization; and a private one was established at Geneva in 1789. The savings-bank §5 SAVINGS BANKS 3 idea was disseminated in England by the writings of Jeremy Bentham, whose advocacy of "fr...ugality banks" appeared in 1797. In 1799, the Rev. Joseph Smith, with two neighbors, established a savings bank in his parish at Wendover, England. This organization offered to receive weekly sums of not less than two pence and to add a bonus of one-third if the deposits remained untouched for a given period.
SAVINGS BANKS IN ENGLAND 3. From these early movements, the savings institution spread over Europe and to America, adapting itself to local conditions wherever it took root. We are, however, more concerned with its growth in England than on the continent, inasmuch as the savings bank, as we understand it today, is a development of the English idea.
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To quickly assess the difficulty of the text, read a short excerpt:
It developed into a savings bank in 1798. It was about this time that the savings-bank idea had begun to attract more than local attention. In 1786, the Duke of Oldenburg established, in Germany, an institution for receiving small savings. In 1787, the government of Berne established and endowed a savings organization; and a private one was established at Geneva in 1789. The savings-bank §5 SAVINGS BANKS 3 idea was disseminated in England by the writings of Jeremy Bentham, whose advocacy of "fr...ugality banks" appeared in 1797. In 1799, the Rev. Joseph Smith, with two neighbors, established a savings bank in his parish at Wendover, England. This organization offered to receive weekly sums of not less than two pence and to add a bonus of one-third if the deposits remained untouched for a given period.
SAVINGS BANKS IN ENGLAND 3. From these early movements, the savings institution spread over Europe and to America, adapting itself to local conditions wherever it took root. We are, however, more concerned with its growth in England than on the continent, inasmuch as the savings bank, as we understand it today, is a development of the English idea.
What to read after History of Banking, National And State Banks, National-Bank Supervision ...?
You can find similar books in the "Read Also" column, or choose other free books by International Correspondence Schools to read onlineMoreLess
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