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Updated: May 25, 2025
The ordinary palliatives suggested were little to the taste of this remarkable Radical. The man who approved bull-fighting and supported the slave-trade naturally sneered at 'heddekashun, and thought savings-banks a mean device to interest the poor in the keeping up of the funds. His remedy was always a sponge applied to the debt, and the abolition of taxes.
He'd heard that I had some money in the savings-banks over at Bridgeport payin' me only three and a half per cent., an' he wanted to borrow it an' pay me six per cent. His generosity surprised me. It was not like Sam. "'What's the matter with you? I asked. 'Is it possible that your profits have all gone into gasoline an' rubber an' silk an' education an' hardwood finish an' human fat?
Antoine take the time to come and ask his advice. It seems to me he can make fireless cookers out of almost anything. Antiquated wood chests, hat boxes, and even top hats themselves have been utilised in his constructions. "These are real savings-banks for heat" he explains pompously for he loves to tackle the difficult even adjectively.
This bill was to give to savings-banks the authority to lend money to communes, a proceeding which would take from Montessuy's business houses their best customers. "Berthier," asked the financier, "are you resolutely hostile to that bill?" Berthier nodded.
Pelle was obliged to admit the truth of that. "Raise a loan," he advised. Lasse did try to do so. Every time he was in the town he went to the lawyers and the savings-banks. But he could not raise a loan on the land, as on paper it belonged to the commune, until, in a given number of years, the whole of the sum to which Lasse had pledged himself should be paid up.
In England, in most branches of trade, the low rate of wages renders it impossible for the operative to save any portion of his earnings; and even when he is able to do so, he can rarely obtain a higher rate of interest for his money than that which the savings-banks offer. Economise as he may, his hard-won savings seldom are sufficient to afford him a provision in old age.
The cash chests of the Admiralty, of the charity houses, of the manufactures, of the savings-banks, of the working classes, the funds of the prisons, the relief meant for the infirm, the chests of the refuges, orphanages; and of the hospitals, were all seized.
This bill was to give to savings-banks the authority to lend money to communes, a proceeding which would take from Montessuy's business houses their best customers. "Berthier," asked the financier, "are you resolutely hostile to that bill?" Berthier nodded.
In March 1825, a truly patriotic young merchant, Frederick Hagedom, junior, of Libau, in Courland, perceived the advantage of savings-banks in other countries of Europe, and the disadvantages of the system pursued by his poor countrymen. He resolved, therefore, to institute a savings-bank in Libau.
This tendency to thrift is strongest in boys, and both sexes often show the tendency to moralize, that is so strong in the early teens. Much of our school work in arithmetic is dominated by the money sense; and school savings-banks, at first for the poor, are now extending to children of all classes.
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