★ Find a new page on our Untranscribed Manuscripts list.
31 Aug. 1800 + Note
1 A Abstract
Ch. XVI. Advant
2(v)
The Frugality
BANk recommended
in the Authors
plan of provision
for the Poor, and
adopted it
G Increase
Company would
be superseded with
advantage by the
proposed paper
Note (a) to p.202 continued
In the Outline of a plan of provision for the Poor In a of papers as ated in Youngs Annals
as printed in Youngs Annals of Agriculture relative to the Poor, among
the collateral uses purposes deducible there mentioned as deduci
derivable
from the proposed system of Industry-
there proposed, is that of their affording, each of
them to its neighbourhood, a Bank for the reception
and improvement of the producepart of Industry
and Frugality on a small scale, under the
name of a Frugality Bank. In the plan prospectus
that was handed about of the plan of
the then proposed Globe-Insurance Company,
since established by Act of Parliament, + among
the uses mentioned as proposed to be made of
the Stock of such Company, is that of adapting
it to the carrying on the business such a Frugality
Bank, as suggested with a reference to the suggestions
---page break---
given in rotation to it in the above
papers.
Were the proposed Annuity Note paper to
be emitted, Every poor man might be his
own Bankers: every poor man might, by givingthrowing
his little hoards into this shape, make Bankers
profit of his own money. Every man poor
countrymans Cottage, every little Town LodgingTenement might, Import
of Frugality
the
it is a
to mans
other virtue
with this degree of profit, and with a degree of security
till now unknown, be a Frugality Bank
. End of Note
