The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-12-23

THE DAILY DISPATCH.
S1TU7D1Y MOANING DEcEMskA . lss.
T.- 4.y1rae BAkKs.--Aran upon these
,..a;sutions in this city has taken place just
= 4 has In other cities; and the REASONS TOR
y /. many instances. are just a. ill-founded
!. Il The case Of the old lady who went to
The Webster Bank Of Boston, on Monday,
with demand Tor specie, sbecsusc shc had
hard that Mr.. Webster was dead, his estate
fpso,vcut and that his bank must fail!
A. heavy as the run has been, all the banks
have promptly met the demands upon them.
except perhaps the most extensive and best
known Of them all-and that exception is
owing to the large dsposites from the coun-
try. and the heavy demands from the country
depositors, which are SO much beyond their
receipts that Of necessity little time Is re-
quired 10 pay.
These Savings Banks are established upon
shares subscribed by the corporstors. and in
the oldest these shares have accumulated to
very heavy amounts. The capital of the
City Savings Bank is sso,ooo-every dollar
Of which must be lost before the depositor
can lose cent. A similar protection in pro
portion to the magnitude Of the institutions is
afforded by others. -
Their funds are not invested in stocks; but
in discounted commercial paper. Conduct
ing business in this way, we may mention as
proof Of their success as well as the safety OF
their investments, that in secenteen gears the
CITY Servings has not made a single bad
debt. Another old institution has not made a
bad debtin thirty years. There could not
be better proof Of proper management. If a
man dsposites his money anywhere at all we
don't see that he could put IL in safer
hands.
What Bank could stand sudden demand
by bill holders and depositors to pay mp every
claim against III Not one. Time, in such q
run as that, would be necessary; for it is
forcing the Bank to wind up, and renders
necessary the collection of all due it, that it
may pay all it owes.
Many that have drawn their money have
done SO to invest it in stocks; but great
many have putt in their own pockets, afraid
to invest it. They thus lose their interest and
subject themselves to dangers of loss from
money idle by them may be tempted into
speculations or loans that may subject them
to heavy loss. Therefore, we say to our friends
in town and country, that as their funds
are perfectly safe in the Savings Banks of
Richmond, they need feel no anxiety or ap-
prehension whatever with regard to them.
REVOLUTIONARY RELIC.-We have seen
the lst volume of Blackstone's Commentaries
which belonged to Richard Henry Lee, the
Revolutionary Patriot and signer of the
Declaration of Independence. 1t is in the
possession of Mr.. George L. Brent, of this
city, whose ancestor Mr.. Lee was. He de-
signs presenting it to the Virginia Historical
Society. This volume is interesting because
writing, and which indicate the ideas and
principles which then absorbed his great
mind. The book came into his possession
in l772, according to an entry made by him
and in 1885 it was in the possession of Lud- |
well Lee, his son, then at William and
Mary College. Seven years before this book
came into his possession Lee seconded
Patrick Henry in his famous resolutions
against the Stamp Act; and not long after
wards planned and effected an association to
prevent the operation of the Stamp Act;
which association was bound together in their
oh NJ ~ ho1 nd nd ara-
gard to danger or to DEATH
In 1873, on his motion, corresponding COM
mittees of the Legislatures of the Colonies
were established, and at his suggestion Clubs
among the "loyers of liberty were formed
throughout the Colonies. About that time,
it is probable that the notes referred to were
written. We copy two of them:
In the book on the rights of persons the
author is speaking of the Representative
character of a member Of Parliament. He
assumes that every member though elected
by particular district, as soon as he is re-
turned, serves for the whole realm; "for the
end of his coming thither is not particular
but general; not barely to advantage his con.
stituents but the common wealth" "And
therefore. he says "he is not bound, like
deputy in the united provinces. to consult
with or take the advice fbis constituents
upon any particular point, unless he himself
thinks it proper and prudent to do SOL
Mr.. Lee appends to this the following
.nste;
This b not sound doctrine. The general good
Hust result from that Of individuals; nor can the
"iatter ever prevail against the former where plu-
"ralhy Of votes determines every question. A
wide door IL opened for corruption where the Re-
preventative 10 not bound by his Constituent The
declared viii Of the latter being thing Of notore
''ty, but the pretended conviction of judgment In
'the Representative may a. well happen, from
"bribe ~ from reason. RaLKEY
We add one other note from the inside of
the back of the book
Up. -l39-concernipg Roads and l40 No sub;cc,
sof England can BE- constrained to pay any aida or