Together with the mayor of the city of Innsbruck, Felix Adam of Riccabona, in 1822 he initiated the founding of the "Sparkasse Innsbruck" (now Tiroler Sparkasse) as the second bank in Austria (after the First Austrian Savings Bank).
Already the first statutes of the new institution had advanced content, "the progressive formation of the nation in general and in detail, especially the awakening and revival of interest, the products of nature, art and antiquity.. " and the publication of a science-based journal.