Show FATHER OF SAVINGS BANKS rev henry duncan acol scotch ach presbyterian was the first man to inaugurate au system the one hundredth anniversary of 0 tile the founding of 0 the first savings sav nga bank will take place this year and all pres byte rians will be entitled to front seats in the centennial celebration said a michigan an banker the founder of tile the first savings vank bank was a scotch presbyterian domitile dominie one of those blue presbyterians rians ou read about lie he was the rev henry duncan 0 of the church at ruth nell scotland distressed at seeing the of 0 the laboring pc pic in his parish in fit 1810 he ofin iod d to pay five per cent interest to anybody who woud aoud leave savings with him the cloi had thi ih fin financial ancla I 1 genius g to nin ina i e a go of his now new project and was able a rew few eats eais later to lecola in a pamphlet A parish bank a remarkable betterment of economic conditions in his neighborhood less fr drinking inking and more thrift the pamphlet attracted wide attention the experiment was imitated elsewhere and the vast savings bank system or of the civilized world sprang from this humble beginning ruthwell erected erect cil it a public monument to the ha memory of mr dincau in fit SIG |