Gerle János: Palaces of Money - Our Budapest (Budapest, 1994)

Mercury (BY MaRÓTI) OM THE FACADE OF THE FIRST PEST DOMESTIC Savings Bank

The same faokde featuring a Hungarian warrior from the period of the Magyar settlement of Hungary and a model

OF THE 1880 RECONSTRUCTION PLANNED BY FRIGYES ScHULEK

of the Church of our Lady (Matthias Church) in Buda's Castle District

whose founding in 1816 was one consequence of the downfall of Napoleon. It was England again where the innovative methods of crediting and cheques were introduced for the first time in the late 18th century to replace payments in cash, thus fundamentally changing the shape of banking operations. The most decisive step towards 19th and 20th century banking procedures was taken in England and Germany by making the deposit of the little man’s savings in the bank a profitable venture as well as a service providing safe keeping. The flourishing of banks and savings institutions was due to the fact that through institutionalised and legal interests the entire population had been made into customers. From the 19th century on, banking profitability has played a determining part in the entire

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