From Tottenham Quakers "In 1798 Priscilla Wakefield founded the first "frugality bank" in England. This she founded at Ship Inn Yard in Tottenham. It was intended to help people on lower incomes to save money. There were facilities for women and children to save what they could from their income and soon it became a safe and profitable place of saving for labourers and servants. Members paid, according to age, a sum of money each month to entitle them to a pension after age 60 and money if they were sick. Children were encouraged to save a penny a month towards clothing and apprenticeships. The immense success of this enterprise meant that similar "savings banks" spread throughout the country. They were eventually nationalised in 1865 when the Post Office Savings Bank was established. Penny savings banks continued in schools until 1919, when they were absorbed into the Post Office Savings Bank."
This section lists the memorials where the subject on this page is commemorated:
Penny Savings Bank
Commemorated ati
Priscilla Wakefield
Our colleague Alan Patient took a photo of this plaque in 2008 and tells us i...
Other Subjects
Sycamore Laundry
It began as a business run by a Mrs. Buckland, who was said to have collected laundry in a barrow and washed and ironed it at home. In l880, Alexander Leman, married Mrs Buckland's daughter, and he...
Joseph da Costa Andrade
This person's grave was destroyed by a WW2 bomb. The name is on the south-west face of the pedestal. Joseph da Costa Andrade was born circa 1836 in London. He was the fifth of the eleven children ...
Sir Frederick Wigan
Merchant based in Southwark. First treasurer of Southwark Cathedral. He had homes at Clare Lawn, Mortlake, and at Purland Chase in Ross, Herefordshire. This image shows Wigan's memorial in that ca...
World Trade Centre, London - St Katherine Docks
The phrase on the plaque "World Trade Centre, London" is new to us, so we investigated. A World Trade Center (also World Trade Centre or WTC) is a building or complex of buildings used for the pro...
Previously viewed
Heritage Foundation
We believe this group now encompasses Comic Heritage, Musical Heritage, Sports Heritage and Films and Television Heritage. Its aim is to pay tribute to Britain's entertainers and raise funds for go...
Group, Cinema, History, Humour, Music / songs, Sport / Games, Theatre, TV & Radio
Sir Alfred Gilbert
Sculptor and goldsmith. Born 13 Berners Street. Eloped with his first cousin, Alice, marrying in Paris and then living in Rome. Returned in 1884 and became successful and famous, attracting many...
Millbank Prison
The design and construction of this prison stretched from 1799 - 1821 and passed through many hands: Jeremy Bentham, William Williams, Thomas Hardwick (father of Philip), John Harvey and Robert Smi...
Dalston City Partnership
Initially we could discover little about this body but Rocker Ages solved the puzzle - they were a private, limited by guarantee company, in the regeneration business. From Lifelong Learning: "DCP ...
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