The Sun.
London, England, 1815-11-17 00:00:00

(/qe e lEDiTOP: :of the WESTMOALAND ADVERTISER,

Having long been persuaded. that an institution
which would provide for the small savings of ser-
vants, and other labouring classes, on goo secu-
rity) wouhl..promote their_economy, improve
their morals, and thereby render them more useful
members of society, I feel great ssatisfarAion
in seeing, for
.tlfe: first time, by art extract
from the Ediuluag-11— Review, in your paper ..of
the 21st, that such institutions have lately been.
formed in. SCotland, under the appellation of
Savings' Banks':!- The Edinburgh 'ilorigwertt;!.

in noticing some pamphlets which have been writ-
ten on the subject, have clearly explained the plant
and object of these institutions, and recommend-
ed them to- getteral adoption ; and, for inserting:
their Observations in the Kendal Chronicle, and
thus giving greater publicity to the plan, you arc
justly entitled to the thanks of your readers,—
Having signified that such institutions as thosC
already mentioned have Ireeny before now, an ob-
ject of my thoughts, and being desirous of draw-
ing the public attention to a selieme which pro-
m►ses to be of great and general nti:itv, 1 beg
leave to send yon,-as below, the copy of a letter
which 1 transmitted to the Liverpool Coarier, up.
wards of twelve mouths ago (1 do not remember
the date), hu►t Which the Editor declined to insert,
under the idea that the purpose which I proposed
to effect by my plan would be answered by the.
Friendly Sociely,then forming in Liverpool ; flail
he politely sent.ine.ii,printed copy of the Rules and.
Regulations of thiS.Soeiety.
COPY)
lArike.Liverpoul Courier."

a When it is considered that this country is
distinguished above all athers for its benevolent
institutions, and that every plait which is calcu-
lated to promote the Welfare and happiness of the.
labouring classes meets with- encoutagement amt
support, I am not without'hope that the scheme
which 1. beg leave, through the inediUm of your.
paper, to offer to the public, may be thought
worthy of some attention. The scheme whiclk
I have in view has, for its object, the benefit
of menial seralntA, both male and female,
by r
cif :
si lin ii 14:61:t e() f tr.t till rat
halt
tt yof
yeal., s
% dispos-
ingwages,
to accumulate, as,', an annuity, at compound
interest, and to be received by them at some
distant period. From the wages which ser,
vatits now receive they might, Without inconve
nience to themselves, save a small sum annually-.
Sqme might save V., others 51., and some.lii/..
a-year; but having no right notions of increasing
their savings by Interest, or any encouragement
to lend their money on good security they sel-
dom endeavour to save any thing s—and should
one, more provident than the rest,' have a im-
pounds to spare, he, generally puts it,
into the
hands of some cunning or careless neighbour,.
or pretended friend, and frelaently• loses bolt'
principal and interest'. The plan 1 would
pose is thus :—That servants inclined to save a
small sum to lend, should, twice in the year, pay
it into the hands of a treasurer, appointed for a'
particular 'district, and that it should then be in-'
vested in stock, or some government securities,
in which it should remain five, seven, nr ten years,
or some other deiiiiite period, and fresh stock be
purchased witlCthelmerest, and thus accumulate
at compound.
,Interest.!
_By the operation of this
fund their littlg;ity:ims would) , in a few years„.
amount to a sum ‘Atch they have no conception,
of : 21. saved' annually would, in 10 years, at 5
per cent. amount to 251. and in twenty years
to 661. ; 51. saved annually would amount,
in ten years, to 621. ; and in ;t‘venty years
to .165/. and 101. saved annually would amount
in ten years, to 1261: ; in twenty years; to
3301.; in thirty years, to 6641.; and in forty-years, to
12971. Such savings, if received at the end of ai
short period, would be of great service in esta-
blishing them in the world, and if received at ifie
end of a long period would relieve their wants
and neeessitiesi,iit„iolC age.—Masters and 11•1 is-
- should be, requested to reconnnend this
plan, and tolinpreis' the minds of their ser-
vants with the--advantages‘ they would receive
in providing for •it, Which would, at the same
time, encourage them in habits of frugality
and industry, and consequently render them bet-
ter members of the community. 1n this view the
proposed plan appears as calculated to produce
much good, and as the carrying of it into execu-
tion would not re'quire the aid of public subscrip-
tions, or be attended with other expenses, it does
not at present, seem, in the mind of the writer,
liable to any serious objections.

(Sigtted)

~ Iv. F.

These are the few Outlines of the plan :‘‘'lliclt
contemplated sonic years ago, and I am happy to
find that institutions, on principles similar to t hose
I proposed, and for the sarne object, have been,
since formed, and that they are likely to become
eireraL 'lt is _evident' that these institutions,
as described. in the Edinburgh Review; have
many adyantageoo,,f,ecommend them which the
Friendly Societies hilye„Rot, and that they are not
attended with tfi'd' inednyeniencies and disadvan-
tages to whichqrliadEttcndly Societies are liable.
It appears, by an extract, from N e wcast e paper,
inserted in your last, that a plan similar to ,that
adOpted in iicoiland, is notti, forming
:at Ryton,
in the comity of Durham, under the patronage
of the land owners and the rector, which is
the first of the boil every attempted in Eng.
lath!: •TheSe estabrishinerris it may be hoped,
soon recommend themselveS to the notice of the
leading men in the different towns and districts in
the kingdomoinder whose influence and patronage
they may be expected to flonrish. Under proper
regulations, the good is certain, and there }s no.
thing to risk in thf4ci•ioent.
Lime House, near Warliiilgion,
Pct. 43.--r{/CerWaiZtrokivie).

W. FELL.