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From Benevolence to Business: The Story of Two Savings Banks

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  • Davis, Lance Edwin
  • Payne, Peter Lester

Abstract

This comparative study deals with objectives, administration, and portfolio policies of two banks that were among the earliest institutional lenders in America. Founded to assist the “frugal poor,” both banks faced the handicaps of provincialism, capital immobility, and regulation in their efforts to enlarge their services to the community. Both contributed much to a growing public understanding of banks and banking.

Suggested Citation

  • Davis, Lance Edwin & Payne, Peter Lester, 1958. "From Benevolence to Business: The Story of Two Savings Banks," Business History Review, Cambridge University Press, vol. 32(4), pages 386-406, January.
    • Handle: RePEc:cup:buhirw:v:32:y:1958:i:04:p:386-406_00
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    Cited by:

    1. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," Working Papers id:11352, eSocialSciences.
    2. Vittas, Dimitri, 1995. "Thrift deposit institutions in Europe and the United States," Policy Research Working Paper Series 1540, The World Bank.

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