Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-07-10


~A>---- ~ So
OAvIu00 BANK. s \
Some weeks ago we brought to the
attention Of citizens the nsoessity ios .
eavisgs Bank. We have ~ yet hessd
a 10 movement for the osgani,ation Of
such IN institution, which Il he more
% be regretted because II ire incren-
ing necessity for sach I bank. Ith
but . Bank Of Deposit aaa loss, aid
oil otjectioas % thss score arc svoidcd
Il would soea bseons he Sasies Of the
poor, who have BOW no simulsnt 70,
accommodating money BY ANAL deposit..
There are hundreds Of poor girls and
boys and lsboring msu, who would
take pride and pleasure IN studying
economy, thss hey might dspo {,
sbsis odd shilliags in he Bssk., Those
who bed made deposits would boas,
Of Il to their lt;eadA and . commenda
be rivalry would spring up, - u
which should save the must 1t the
yean ed. This would stop the little
Ssahases Of the pockets Of the poor, and
pat N cad 70 many vicious and un-
prU6tsbls hsb'ts smoking, chewing, and
ds,ak,ag beer ssd spir,suous liqucss.
The beginning Of . reformstion among
lsboring men would commence and the
foundation Of many fortunes be laid,
BY the influence Of such q Savings
Bank. We believc that n much real
vice end crime il caused in society, di
rectly through habiA Of careless prod
igal'ty, on the part Of the poor, AZ
FROM any other cause. Earning but .
SEATED sum and that only by manual
labor and not by speculation, the
young srtisan or servant girl, takcs no
thought Of the future, but only calcu-
lases how many little indulgence they
Can have ont Of the money they earn.
They ssy TO themseIves that they can
mot hopc TO get rich out Of their wages.
and therefore they will not try. This
b aad mistake. A few dollars right
y invested, often leads TO the accumu
latiou Of vast fortunes; and fortunes
acquired BY the poorest and humblest
member Of society give them certain
social position gratifying to the feelings
of those Who arc thus elevated. Wealth
u desirable only when honestly obtain
ed, for i multiplies the means Of graf
flying refined tastes and indulging 10
charitsbls gifts TO the needy. None
can estimate the influence Of individual
economy and frogality, upon Society.
It bsgsts industrious habits regard for
Law and order, without which all prop
srty 10 insecure, and stimulates kind
Of territorial attachment which is con-
ducive TO patriotism and . love Of al,
that elevates and enables manhood.
A man has higher appreciation Of
what constitutes true liberty, II be owns
soms Of the coil Of the country in which
be lives. He is better citizen; M re
virtuous and has greater respect for
law. Every encouragement should be |
given to that which will aid the poorer
CLASSES 70 rise from their poverty to the |
lightly Of landed proprieton. The
'swsr the number Of poor persons in q
Republic, the moro perfect is the social
Intelligence, refinement and love Of law
md order. We have laws for che dis-
'ribution ofdecedent estates made with
be view Of dividing up real property
'mong the greatest posable number.
A Savings Bank will contribute much
. carry out this general policy Of en-
'ouraging the acquisition Of pre- perty.
Who will take the initiative in this
natter ! The stock holden Of Savings
Bank could not fail Of being largely
enumerated for their labor. We hope
o zee such IN institution speedily or
yanised.
TRe TesasToaY or UrAH.-The