Caja de ahorros

Abstract

The image contains news about a review prepared by the Governor of the province of Bogotá, where he mentions the importance of the savings bank as a crucial tool for the economic and social well-being of the working classes, which promotes savings and foresight, allowing people to accumulate capital to face eventualities such as illness, unemployment or old age. Otherwise, this can lead to moral and economic degradation, leaving workers vulnerable to hardship and dependent on public charity. On the other hand, those who manage to accumulate capital can face challenges with more security and stability, avoiding falling into extreme poverty. Furthermore, he points out that these institutions democratize property and strengthen the social fabric by involving more people in the economic stability of the country. This, in turn, is considered fundamental to the security and stability of the State by ensuring that a greater number of people have an interest in maintaining public order and participating in civic life. News published in El Constitucional de Cundinamarca N° 143, October, 12 - 1845.