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
Bella Burge
Bella was married to boxer (and bank robber, see OldTimeMusicHall) Dick Burge. They took on the lease of the Surrey Chapel, an ex-chapel which had become a boxing ring in 1910. Renamed "The Ring"...
Burlington Arcade (Association)
Lord George Cavendish, the future Earl of Burlington, commissioned the architect Samuel Ware to design this covered shopping arcade. He also founded the Burlington Arcade Beadles, recruited from hi...
Dairy Supply Company Limited
Establihsed by George Barham in the late 19th century to sell milk-related things, such as the milk churns which Barham had invented.
Andrew Gibb
Ship-repairer and philanthropist. Born in Glasgow. After serving his apprenticeship in shipbuilding, he came to London to ply his trade. He was deacon of St Mark's Presbyterian Church in Greenwich,...
The Bell, Carter Lane
From this inn, on 25 October 1598, Richard Quiney wrote a letter to William Shakespeare. This letter, the only one addressed to Shakespeare that has survived, is held by the museum at Strafford. Th...
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