Posts Telegraphs Past And Present With An Account of the Telephone And Phono
Posts Telegraphs Past And Present With An Account of the Telephone And Phono
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Gladstone, that we are indebted for the introduction of the Post Office Savings Bank. With regard to the practical working out of this scheme, and its adaptation to the machinery of the Post Office, the public are chiefly indebted to Mr. Scudamore, C. B. , who first became famous on account of the services he rendered in this matter, and to Mr. Chetwynd, who was the first Comptroller of the Post Office Savings Banks.
Though, as a general rule, the old Savings Banks were in a sound condition, ye...t, through the frauds of the actuaries and managers, it frequently happened that one or other of them was broken up, which in- flicted severe losses upon those who were least able to bear it. There were also many places (more espe- cially the rural districts) where Savings Banks did not exist, or, if they did, where they were open only for an hour or two, once a week.
It was thought that, by establishing a system of Savings Banks connected with the Post Office, any person might open an account any week-day, and his money would be safely lodged with the Government.
What to read after Posts Telegraphs Past And Present With An Account of the Telephone And Phono?
You can find similar books in the "Read Also" column, or choose other free books by William Tegg to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Gladstone, that we are indebted for the introduction of the Post Office Savings Bank. With regard to the practical working out of this scheme, and its adaptation to the machinery of the Post Office, the public are chiefly indebted to Mr. Scudamore, C. B. , who first became famous on account of the services he rendered in this matter, and to Mr. Chetwynd, who was the first Comptroller of the Post Office Savings Banks.
Though, as a general rule, the old Savings Banks were in a sound condition, ye...t, through the frauds of the actuaries and managers, it frequently happened that one or other of them was broken up, which in- flicted severe losses upon those who were least able to bear it. There were also many places (more espe- cially the rural districts) where Savings Banks did not exist, or, if they did, where they were open only for an hour or two, once a week.
It was thought that, by establishing a system of Savings Banks connected with the Post Office, any person might open an account any week-day, and his money would be safely lodged with the Government.
What to read after Posts Telegraphs Past And Present With An Account of the Telephone And Phono?
You can find similar books in the "Read Also" column, or choose other free books by William Tegg to read onlineMoreLess
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