Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 312

Samuel Smiles《Thrift》· Thrift · Investing

The exertions of Sir Rowland Hill having given great vitality to the Post Office system, and extended its usefulness as a public institution in all directions, it was next suggested that the money-order offices (which were established in 1838) might be applied for the purpose of depositing as well as for transmitting money. Professor Hancock published a pamphlet on the subject in 1852. In November, 1856, Mr. John Bullar, the eminent counsel--whose attention had been directed to the subject by the working of the Putney Penny Bank--suggested to the Post Office authorities the employment of money-order offices as a means of extending the savings-bank system; but his suggestion did not meet with approval at the time, and nothing came of it. Similar suggestions were made by other gentlemen--by Mr. Hume, by Mr. M'Corquodale, by Captain Strong, by Mr. Ray Smee, and others.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 312 · Verified:2026-10-19 · Verification:Short excerpt

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