Penny Bank for Hoppers (1878)

Post date: May 27, 2018 9:37:0 AM

Extract from The Graphic - Saturday 19 October 1878

TAKE CARE OF THE PENCE

The Hon. Edward Stanhope, M.P., Under-Secretary of State for India, whose work among the hop-pickers is well known and remembered in the districts where they are employed, has taken great interest in the movement to promote thrift among them, through the agency of the National Penny Bank, of which he is the chairman and one of the most active supporters. The scheme which is being tried is to open penny banks in the hop-gardens at the time the wages are paid, so that any hop-picker who can be induced to become a depositor will, on reaching London, find his money credited to him at any one of the seventy-three Branch Penny Banks now in operation. Our illustration represents an interesting gathering which took place on Sunday, the 22nd ult., at Buffalo Farm, Mereworth, near Wateringbury, when Mr. George C. T. Bartley, the manager of the National Penny Bank, delivered an address, pointing out in a popular manner the advantages of care and thrift in money, and the benefit of making the most and best use of everything we have. We may add that the work of the National Penny Bank is divided into three distinct branches the penny Bank, the sale of Government securities, and the loans to assist in purchasing houses.

Note: in Kentish Oasts;their history, construction and equipment by R. and I. Walton the associated graphic is reproduced (page 194).