'Sir Rowland Le Grand', 1864. Britannia crowns Sir Rowland Hill with a laurel wreath. Sir Rowland founded the present postal system when, in 1840, he suggested that all letters should be prepaid, and introduced the postage stamp. It was his initiative that led to the introduction of the Post Office Savings Bank. In the background can be seen all the people from home and abroad who had benefited from these changes. From Punch, or the London Charivari, March 19, 1864.