Online Encyclopedia

Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.

SAVINGS BANKS (Fr. caisses d'epargne;...

Online Encyclopedia
Originally appearing in Volume V24, Page 243 of the 1911 Encyclopedia Britannica.
» Make a correction to this article.
» Add information or comments to this article.
Spread the word: del.icio.us del.icio.us it!

SAVINGS See also:

BANKS (Fr. caisses d'epargne; Ger. Sparkassen) , institutions for the purpose of receiving small deposits of See also:money and investing them for the benefit of the depositors at See also:compound See also:interest. They originated in the latter See also:part of the 18th See also:century-a See also:period marked by a See also:great advance in the organization of provident habits in See also:general (see FRIENDLY See also:SOCIETIES). They seem, however, to have been first suggested by See also:Daniel See also:Defoe in 1697. The earliest institution of the See also:kind in See also:Europe was one established at See also:Brunswick in 1765; it was followed in 1778 by that of See also:Ham-See also:burg, which still exists, in 1786 by one at See also:Oldenburg, in 1790 by one at See also:Loire, in 1792 by that of See also:Basel, in 1794 by one at See also:Geneva, which had but a See also:short existence, and in 1796 by one at See also:Kiel in See also:Holstein. In Great See also:Britain, in 1797, See also:Jeremy See also:Bentham revived Defoe's See also:suggestion under the name of " Frugality Banks," and in 1799 the Rev. See also:Joseph See also:Smith put it in See also:action at See also:Wendover.

End of Article: SAVINGS BANKS (Fr. caisses d'epargne; Ger. Sparkassen)

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click, and select "copy." Then paste it into your website, email, or other HTML.
Site content, images, and layout Copyright © 2006 - Net Industries, worldwide.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.

Links to articles and home page are always encouraged.

[back]
SAVINGS BANKS 		[next]
SAVOIE

Site © 2006 - Net Industries