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  5. Postal savings system

Events on August 5 in history

1874Aug, 5

Japan launches its postal savings system, modeled after a similar system in the United Kingdom.

Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor.

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Events on 1874

  • 28Feb

    Tichborne case

    One of the longest cases ever heard in an English court ends when the defendant is convicted of perjury for attempting to assume the identity of the heir to the Tichborne baronetcy.
  • 15Mar

    Second Treaty of Saigon

    France and Viet Nam sign the Second Treaty of Saigon, further recognizing the full sovereignty of France over Cochinchina.
  • 27May

    Gert Alberts

    The first group of Dorsland trekkers under the leadership of Gert Alberts leaves Pretoria.
  • 7Nov

    Thomas Nast

    A cartoon by Thomas Nast in Harper's Weekly, is considered the first important use of an elephant as a symbol for the United States Republican Party.
  • 25Nov

    Panic of 1873

    The United States Greenback Party is established as a political party consisting primarily of farmers affected by the Panic of 1873.