Thanks Gordon, I guess it is possible that my grandfather was an agent for the bank in which he had invested some of his money. I wonder if the one that he was involved went "belly up" a his money lost? Kind regards, Don ----- Original Message ----- From: "Gordon Dewhirst" <gordon@dewhirst.ca> To: "Don" <dreynolds@netspace.net.au>; <ENG-YKS-BRADFORD-L@rootsweb.com> Sent: Thursday, February 13, 2003 10:06 PM Subject: Re: [ BRAD] Bank Crash > Don: > My ancient Britannica (1911) says with respect to Penny Banks: "These banks > have a twofold object: one to provide facilities for putting by extremely > small sums for those whose means are very limited, and the other to attract > children in their earliest years so as to train them to habits of thrift > and the realization of the importance and use of even quite small > savings." The article goes on to say such banks were to be found > throughout the country and while there were no statistics there must be > tens of thousands in operation. One of the largest was the Yorkshire Penny > Bank with 858 branches and deposits of UKP16 million. Many Penny Banks > were established in schools. The Penny Banks had a close association with > the Post Office and many children, upon leaving school, transferred their > accounts to the Post Office system. The article in Britannica would have > been written about 1908-1910. > > Regards, > Gordon in Ottawa > > At 09:25 AM 13/02/2003 +0000, Don wrote: > >Hi, > > > >My father (Joseph Hanson Reynolds) was born in Manningham in 1877, his > >father was a successful Stuff Merchant and Insurance agent and the large > >family lived quite comfortably. > > > >About 50 years ago dad told me that his family fell on hard times > >following a "bank crash" in the 1890s. > > > >I have not been able to identify any "bank crash" that he could have > >referred to. I do know, however, that his parents ran a penny bank for the > >poor, is it possible that it was this that he refered to > > > >Can anyone advise me on an event that could be described as a bank crash > >at this time. > > > >Also, could anyone give me a description on what a penny bank was and how > >it worked. > > > >Thank you, Don in Oz > > > > > >==== ENG-YKS-BRADFORD Mailing List ==== > >Its expected that all subscribers to the list have a virus detection > >program installed. If you dont have one then please install one > >immediately. ***** You Know It Makes Sense ***** > > > >============================== > >To join Ancestry.com and access our 1.2 billion online genealogy records, > >go to: > >http://www.ancestry.com/rd/redir.asp?targetid=571&sourceid=1237 >