Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 325
Samuel Smiles《Thrift》· Thrift · Investing
The letter was received with general approbation. The committee of the Yorkshire Union of Mechanics' Institutes gave their cordial sanction to it; and Penny Banks were established in connection with nearly every Mechanics' Institute in Yorkshire. Mr. Sikes personally conducted one at Huddersfield; and down to the present time, it has received and repaid about thirty thousand pounds. In fact, the working people of Huddersfield, doubtless owing in a great measure to the practical example of Mr. Sikes,--have become most provident and thrifty,--the deposits in their savings bank having increased from seventy-four thousand pounds in 1850, to three hundred and thirty thousand pounds in 1874.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 325 · Verified:2026-10-19 · Verification:Short excerpt
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