Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 311
Samuel Smiles《Thrift》· Thrift · Investing
Many suggestions had been made by friends of the poorer classes, whether it might not be possible to establish a more extended system of savings banks throughout the country. As long ago as 1807, Mr. Whitbread introduced a Bill into Parliament for the purpose of enabling small deposits to be made at an office to be established in London; the money to be remitted by the postmasters of the districts in which the deposits were made. The Bill further contemplated the establishment of a National Assurance Society, by means of which working people were to be enabled to effect assurances to an extent not exceeding two hundred pounds, and to secure annuities to an amount not exceeding twenty pounds. Mr. Whitbread's bill was rejected, and nothing came of his suggestions.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 311 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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