Dr. Henry Duncan - Week of Savings Banks Token 1960

Country ** Tokens ** (Souvenir Tokens - United Kingdom)
Type: Token
Composition: Bronze
Year: 1960
Weight: 16.3 g
Diameter: 30.04 mm
Thickness: 2.69 mm
Shape: Round
Grade: AU/MS
Orientation: Medal alignment ↑↑

Obverse:
Head facing left.

Lettering: Dr Henry Duncan The Father of Savings Banks

Engraver: Christopher Ironside

Reverse:
Castle in Elipse lettering below.

Lettering: Trustee Savings Bank 1960

Edge:
Plain

Comments:
Henry Duncan FRSE (8 October 1774 – 12 February 1846) was a Scottish minister, geologist and social reformer. The minister of Ruthwell parish church in Dumfriesshire, he founded the world's first commercial savings bank. He was also an author, publisher and philanthropist.

The first savings bank was instituted at Ruthwell in 1810, and Duncan was unceasing in his efforts to promote the cause throughout the country. His influence was used to procure the first act of parliament passed to encourage such institutions. By speeches, lectures, and pamphlets he made the cause known far and wide. The scheme readily commended itself to all intelligent friends of the people, and the growing progress and popularity of the movement have received no check to the present day. Great though his exertions were, and large his outlay in this cause, he never received any reward or acknowledgement beyond the esteem of those who appreciated his work and the spirit in which it was done.

In 1810 Duncan opened the world's first commercial savings bank, paying interest on its investors' modest savings. The bicentenary of this event was celebrated with a conference held by the Centre for Theology and Public Issues at the University of Edinburgh. Speakers investigated Duncan's legacy in light of current social, financial, and religious dynamics. The Savings Bank Museum tells the story of early home savings in Britain.
Wikipedia

Quelle : https://en.numista.com/catalogue/pieces3...

Sammlung : Exonumia