PENNY BANKS.
[TO THE EDITOR OF THE "SPECTATOR."] SIR,—As you close your notice of the Yorkshire Penny Bank, in your issue of September 8, by the question, "What would not such banks, if diffused all over the country, add to the capital of the nation?" I think you will be glad to hear of what has been done by the National Penny Bank (Limited), which was founded only a year and three-quarters ego by the able and indefatigable exertions of Mr. George C. J. Bartley, who is its manager, and may be said to be the animating and directing spirit of the whole concern. This is the record 1 find in the August number of the Penny Bank News, also started and edited by Mr. Bartley :-1. Sixty-two branches have been opened (within the Metropolitan District). 2. £55,323 has been deposited. 3. £30,284 has been withdrawn. 4. £25,039 is the balance in hand. b. Above 450,000 deposits have been received. 6. Above 64,000 withdrawals have been made. 7. Above 59,000 persons have opened accounts. 8. As no other facilities exist by which the greater part of this money could be saved—for very little could, by existing rules, have been put into the Post Office or elsewhere—the larger part would no doubt have been wasted, if not spent mischievously.—I ern,
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