First Savings Bank Origin in Ruthwell Scotland and Beyond
The article traces Henry Duncan founding the first savings bank in Ruthwell Scotland in 1810 and explains its mutual, nonstock structure. It notes early precedents in England and Ireland, spread to America, and the Edinburgh and Boston models. It cites statistics on mutual savings banks across the United States and praises their social impact.
MENTIONED IN THIS ARTICLE
Ruthwell
Scotland
Henry Duncan
Duncan
Seocraetioas
Wendover Bank
Joseph Smith
Nehco
Priscilla Wakefield
Iva
Ave
England
Ireland
Edinburgh Savings Bank
Savings
Gratin
Atlantic
Tammany Hall
James Savage
Boston
Teaitite
Baltimore
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
United States
Mutual Savings Bank
Clinton
Savings Bank
How to Cultivate Thrift
Learn to distinguish luxuries from necessities and avoid excessive buying. Track expenses to know living costs and spend wisely. Seek good value, judge clothing and shoes, buy quality materials, and limit pleasure spending. Choose wholesome entertainments at reasonable prices.
Big Men Enlisted in Thrift Campaign Nationwide
The American Bankers Association leads a broad thrift education drive with ministers educators bankers and social workers in more than 100 cities. A national commission including Taft Whitman Willys Lynch and Edison backs the effort as committees form locally under ABA guidance. The campaign peaks in November with an international Thrift Congress in New York City and aims to expand savings schemes and bank finance nationwide.
MENTIONED IN THIS ARTICLE
American Bankers Association
United States
Nationa Commission
Taft
Charles Whitman
New York
John N. Willys
Toledo
James K. Lynch
T. M. Dod
Bethlehem
Frank Trumbull
Chesapeake & Ohio RE
Hugh Chalners
Detroit
RV. Covington
Jacksonville
Fhomas A. Edison
Wiliam A. Scott
University of Wisconsin
Eooc
Simivanus
St. Louis
Mos
William Spronie
Southern Pacific Co
New York City
Savai Wa
Teaching Boys To Save
A father uses a weekly allowance plan to teach self control by constraining spending. One boy receives twenty cents if he saves a dime, another must earn a nickel to gain a dime. The system gives a constant pull to spend and a steady incentive to resist.
MENTIONED IN THIS ARTICLE
Speedway
Corona
Independent
Advancy
Dueetie
Evou Faal
Eas
Jose
Banked lessons: school children learn thrift through savings
The article advocates school savings banks to instill thrift in children, citing Detroit’s 182 banks and New York City efforts. The Brooklyn Plan lets pupils run the bank under teacher supervision, with a student board, roles from messenger to president, and graduation certificates serving as job referrals. The program aims to curb extravagance and teach living within means.
MENTIONED IN THIS ARTICLE
Detroit
New York City
New York Mail
Brooklyn
A. N. Clark
Also Mentioned on This Page
First Savings Bank
Stone Cottage
Twenty-second Street
Philadelphia
Philadelphia Savings Fund Soctoty
New England
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