Identifier: robinsoncrusoesf00gree (find matches)
Title: Robinson Crusoe's father : the projector of savings banks /
Year: 1910 (1910s)
Authors: Greene, Charles T.
Subjects: Williamsburgh Savings Bank Savings banks Banks and banking
Publisher: Brooklyn, N.Y. : Eagle Press
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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originalancestor of our modern savings banks was set up. TheGermans saw virtue in Defoes scheme, and so after thinkingabout it for fifty years or so, they established a savings bankin Brunswick. This one proved so successful that otherssprang up in other parts of Germany and in Switzerland;but it was not until 18 10 that a savings bank was actuallyput into operation in Great Britain. It is true that in 1797 Jeremy Bentham had revived Defoesscheme and, with some improvements, proposed the establish-ment of frugality banks; but it was not until the Rev. HenryDuncan, of Ruthwell, Scotland, became interested in the sav-ings bank movement in 1810 that the English-speaking peoplewere afforded a safe place in which to invest their small sav-ings, and to pile up a surplus against the proverbial rainy day. By the year 1 8 1 7, the movement had spread so rapidly andso many institutions had been set up that the British Parlia-ment passed laws to encourage the further development of fhemovement.
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AN INTERIOR VIEW Robinson Crusoes Father, the Projector of Savings Banks

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