Tank Banks

Last updated
The tank "Egbert" and crew Egbert (tank).jpg
The tank "Egbert" and crew
The tank "Julian" putting on a show Julian (tank).jpg
The tank "Julian" putting on a show
Pamphlet dropped on Walsall prior to a visit from "Julian" Tankbank1.jpg
Pamphlet dropped on Walsall prior to a visit from "Julian"
The tank "Old Bill" and crew Old bill (tank).jpg
The tank "Old Bill" and crew
Ashford's presentation tank MarkIVFemaleTankAshfordKent.jpg
Ashford's presentation tank

Tank Banks was the name given to a World War I fundraising campaign by the British government. Six Mark IV male tanks toured the towns and cities of England, Scotland, and Wales, with the primary purpose being to promote the sale of government War Bonds and War Savings Certificates.

Contents

History

In November 1917 two tanks took part in London's Lord Mayor's Show. The recent successful participation of the tank in the Battle of Cambrai had fired the public imagination: their appearance in the show proved very popular with the spectators who were fascinated by this new "wonder weapon". The National War Savings Committee decided to capitalize upon this fascination and use the tank to sell War Bonds and War Saving Certificates. On November 26, 1917, [1] battle scarred Tank 141 "Egbert" was brought over from France and put on display in Trafalgar Square. [2]

The campaign was soon extended to the whole of the country, the touring tanks would spend a week in a town or city with two young ladies selling war bonds from a table set up inside the tank. A competitive spirit was engendered between the visited locations; [2] the town or city that invested the most per capita would win the tank "Egbert". The eventual winner of the competition was West Hartlepool, which raised £31 9s 1d per capita (between the period of October 1, 1918 - January 18, 1919). [3] "Egbert" arrived in West Hartlepool on 29 April 1919 and was placed on Stranton Garth, remaining there until 1937 when the West Hartlepool Town Council voted on whether to keep the tank as a lesson of war or scrap the 'relic of barbarism'; with 20 votes to 12 the tank was scrapped. [4]

Programme

A tank would arrive with great fanfare; civic dignitaries and local celebrities would greet the tank and speeches would often be made atop it. [5] The tank would be accompanied by soldiers and artillery guns, sometimes an aeroplane would drop pamphlets over the town or city prior to the tank's appearance exhorting the people to invest. The tank would usually put on a show for the crowds in order to demonstrate its capabilities. The visited town or city would have a fund raising target it tried to meet; the amount raised by each location would be reported in the national press, thus ensuring a strong competitive element, [6] especially between the larger industrial cities. [7]

The six touring tanks were: [8]

Proceeds

Total investments in Tank Banks of over £2million: [9]

Presentation tanks

In 1919 the Treasury agreed to give 264 "war battered" tanks to various towns and cities in gratitude for their financial efforts. [11] The National War Savings Committee decided which towns and cities would receive one of these presentation tanks. [3] Upon receipt, the tanks tended to be sited in parks or commons and due to a lack of funds or general indifference they would subsequently just sit and rust.

All but one of these presentation tanks were sold for scrap or otherwise destroyed, prior to the end of World War II. Only Ashford's presentation tank still survives, mainly due to having an electricity sub station installed inside it in 1929. The tank is now a Registered War Memorial. [12] [13]

See also

Related Research Articles

<span class="mw-page-title-main">Russian Civil War</span> 1917–23 armed conflict in the former Russian Empire

The Russian Civil War was a multi-party civil war in the former Russian Empire sparked by the overthrowing of the monarchy and the new republican government's failure to maintain stability, as many factions vied to determine Russia's political future. It resulted in the formation of the RSFSR and later the Soviet Union in most of its territory. Its finale marked the end of the Russian Revolution, which was one of the key events of the 20th century.

<span class="mw-page-title-main">Airdrie Savings Bank</span>

Airdrie Savings Bank was a small commercial bank operation in the Lanarkshire area of Scotland. It ran three branches throughout the area, with its head office in Airdrie at the time of the announcement of its closure. Total assets of the bank at 31 October 2013 were £158 million with a reported loss of £267,000. In January 2017, the bank announced it would begin closure proceedings on 28 April of that year.

<span class="mw-page-title-main">American Expeditionary Forces</span> U.S. Army formation on the Western Front of World War I

The American Expeditionary Forces was a formation of the United States Armed Forces on the Western Front during World War I. The A. E. F. was established on July 5, 1917, in France under the command of then-Major General John J. Pershing. It fought alongside French Army, British Army, Canadian Army, British Indian Army, New Zealand Army and Australian Army units against the Imperial German Army. A small number of A. E. F. troops also fought alongside Italian Army units in 1918 against the Austro-Hungarian Army. The A. E. F. helped the French Army on the Western Front during the Aisne Offensive in the summer of 1918, and fought its major actions in the Battle of Saint-Mihiel and the Meuse-Argonne Offensive in the latter part of 1918.

<span class="mw-page-title-main">Harry Lauder</span> Scottish entertainer (1870–1950)

Sir Henry Lauder was a Scottish singer and comedian popular in both music hall and vaudeville theatre traditions; he achieved international success.

<span class="mw-page-title-main">War bond</span> Government debt security issued to finance wartime expenditure

War bonds are debt securities issued by a government to finance military operations and other expenditure in times of war without raising taxes to an unpopular level. They are also a means to control inflation by removing money from circulation in a stimulated wartime economy. War bonds are either retail bonds marketed directly to the public or wholesale bonds traded on a stock market. Exhortations to buy war bonds have often been accompanied by appeals to patriotism and conscience. Retail war bonds, like other retail bonds, tend to have a yield which is below that offered by the market and are often made available in a wide range of denominations to make them affordable for all citizens.

<span class="mw-page-title-main">Trustee Savings Bank</span> British financial institution

The Trustee Savings Bank (TSB) was a British financial institution. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike mutually held building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees on a voluntary basis. The first trustee savings bank was established by Rev. Henry Duncan of Ruthwell in Dumfriesshire for his poorest parishioners in 1810, with its sole purpose being to serve the local people in the community. Between 1970 and 1985, the various trustee savings banks in the United Kingdom were amalgamated into a single institution named TSB Group plc, which was floated on the London Stock Exchange. In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB, at that point the largest bank in the UK by market share and the second-largest by market capitalisation.

<span class="mw-page-title-main">Liberty bond</span>

A liberty bond was a war bond that was sold in the United States to support the Allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time.

<span class="mw-page-title-main">British heavy tanks of the First World War</span> Type of combat tank

British heavy tanks were a series of related armoured fighting vehicles developed by the UK during the First World War. The Mark I was the world's first tank, a tracked, armed, and armoured vehicle, to enter combat. The name "tank" was initially a code name to maintain secrecy and disguise its true purpose by making it appear to be a water transport vehicle for bringing water to the troops at the front line. The tank was developed in 1915 to break the stalemate of trench warfare. It could survive the machine gun and small-arms fire in "no man's land", travel over difficult terrain, crush barbed wire, and cross trenches to assault fortified enemy positions with powerful armament. Tanks also carried supplies and troops.

<span class="mw-page-title-main">Mark VIII tank</span> British/American WWI tank

The Mark VIII tank also known as the Liberty or The International was a British-American tank design of the First World War intended to overcome the limitations of the earlier British designs and be a collaborative effort to equip France, the UK and the US with a single heavy tank design.

<span class="mw-page-title-main">Liberty L-12</span> American aircraft engine

The Liberty L-12 is an American water-cooled 45° V-12 aircraft engine displacing 1,649 cubic inches (27 L) and making 400 hp (300 kW) designed for a high power-to-weight ratio and ease of mass production. It saw wide use in aero applications, and, once marinized, in marine use both in racing and runabout boats.

<span class="mw-page-title-main">Battle of George Square</span> 1919 violent confrontation in Glasgow, Scotland

The Battle of George Square was a violent confrontation in Glasgow, Scotland between City of Glasgow Police and striking workers, centred around George Square. The 'battle', also known as "Bloody Friday" or "Black Friday", took place on Friday 31 January 1919, shortly after the end of the First World War. During the riot, the Sheriff of Lanarkshire called for military aid, and government troops, supported by six tanks, were moved to key points in the city. The strike leaders were arrested for inciting the riot. Although it is often stated that there were no fatalities, one police constable died several months later from injuries received during the rioting.

The Canada Savings Bond was an investment instrument offered by the Government of Canada from 1945 to 2017, sold between early October and December 1 of every year. It was issued by the Bank of Canada and was intended to offer a competitive interest rate, and had a guaranteed minimum interest rate.

<span class="mw-page-title-main">National Savings and Investments</span> United Kingdom government non-ministerial department

National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering.

<span class="mw-page-title-main">History of Germany during World War I</span> Aspect of history

During World War I, the German Empire was one of the Central Powers. It began participation in the conflict after the declaration of war against Serbia by its ally, Austria-Hungary. German forces fought the Allies on both the eastern and western fronts, although German territory itself remained relatively safe from widespread invasion for most of the war, except for a brief period in 1914 when East Prussia was invaded. A tight blockade imposed by the Royal Navy caused severe food shortages in the cities, especially in the winter of 1916–17, known as the Turnip Winter. At the end of the war, Germany's defeat and widespread popular discontent triggered the German Revolution of 1918–1919 which overthrew the monarchy and established the Weimar Republic.

<span class="mw-page-title-main">Birmingham Municipal Bank</span>

The Birmingham Municipal Bank was a savings bank in the city of Birmingham, England. It was created as the Birmingham Corporation Savings Bank by a 1916 Act of Parliament on a temporary basis and replaced by the Birmingham Municipal Bank in 1919. In 1976 it converted into a trustee savings bank.

<span class="mw-page-title-main">M1917 light tank</span> Light tank

The M1917 was the United States' first mass-produced tank, entering production shortly before the end of World War I. It was a license-built near-copy of the French Renault FT, and was intended to arm the American Expeditionary Forces in France, but American manufacturers failed to produce any in time to take part in the War. Of the 4,440 ordered, about 950 were eventually completed. They remained in service throughout the 1920s but did not take part in any combat, and were phased out during the 1930s.

<span class="mw-page-title-main">Warship Week</span> British civilian campaign during World War II

Warship Weeks were British National savings campaigns during the Second World War, with the aim of a Royal Navy warship being adopted by a civil community. During the early parts of the war, the Royal Navy not only had lost many capital ships but was facing increasing pressure to provide escorts for convoys in the Atlantic. While there was not a shortage of sailors, ships sunk by enemy action had to be replaced.

<span class="mw-page-title-main">United States in World War I</span> History of the United States in World War I

The United States declared war on the German Empire on April 6, 1917, nearly three years after World War I started. A ceasefire and Armistice was declared on November 11, 1918. Before entering the war, the U.S. had remained neutral, though it had been an important supplier to the United Kingdom, France, and the other powers of the Allies of World War I.

<span class="mw-page-title-main">Schools at War</span> American WWII student program

The American Schools at War program was a program during World War II run by the U.S. Treasury Department, in which schoolchildren set goals to sell stamps and bonds to help the war effort. The program was also administered by the U.S. Office of Education, the Federal government agency that interfaced with the nation's school systems and its thirty-two million students. The Office, however, allowed the Treasury to work with the schools directly as the main objective of the program was raising money.

References

  1. The Times (November 27, 1917)
  2. 1 2 www.bbc.co.uk
  3. 1 2 The Times "Tanks for Towns" (Friday April 4, 1919)
  4. http://www.hartlepoolmail.co.uk/news/nostalgia/last-days-of-egbert-the-tank-1-5878109 [ dead link ]
  5. parchoward.org.uk [ permanent dead link ]
  6. The Times (digital archive)
  7. connectinghistories.org "Birmingham Tank Week" (pdf page7)
  8. "www.friends-of-the-lincoln-tank.co.uk". Archived from the original on 2009-09-11. Retrieved 2010-06-08.
  9. Cited in 'Preston - "Egbert's' Last Day" Preston Guardian newspaper, 26 January 1918.
  10. "Bravo! Aber. Great Week's total". Cambrian News & Merionethshire Standard. 19 July 1918.
  11. Newsreel footage of a presentation tank arriving at Batley, Yorkshire
  12. ashford.gov.uk
  13. monklands.co.uk Archived 2011-07-16 at the Wayback Machine