Illustrated London News (02/Nov/1889) - The Late Sir C.W. Sikes
THE LATE SIR C. W. SIKES.
The honour of knighthood was conferred, in 1881, on Mr. Charles William Sikes, managing director of the Huddersfield Banking Company, in recognition of his services to the country by introducing Post-Office Savings Banks, for which he devised the plans that were submitted to Sir Rowland Hill and officially recommended to Mr. Gladstone, and that were carried into effect by Act of Parliament. This gentleman, who died on Oct. 14, was born in 1818, son of Mr. Shakspeare Garrick Sikes, banker, of Huddersfield, and in 1833 entered the service of the Huddersfield Banking Company, in which he continued throughout his active business life. He first promoted, in 1850, the establishment of penny savings banks in connection with the Mechanics' Institutes in Yorkshire, which were readily accepted by the local managers and members of those institutions. He wrote pamphlets and delivered lectures and addresses on the subject, and was thus led to conceive the idea of Government Savings Banks at all the post-offices in the United Kingdom. It has recently been shown by Mr. Harold Perry, in his able Report as Commissioner of Inquiry on the frauds in the Macclesfield Savings Bank, that very many of the old local Trustee Savings Banks are in a very insecure condition ; and it is expected that Mr. Goschen will propose stringent legislation respecting them in the next Session of Parliament. The Post-Office Savings Banks have in some degree superseded the need for their continued existence.