Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1869-06-24
Moderate Houses for Moderate Means

Josiah Quincy writes to the Boston
Advertiser.
In the month Of June. 1889. lust
eighty YEAR ago. an old Boston mechan-
ic. in looking back on a long. useful and
honorable life. and rejecting on the
causes of his success. used the following
language in his will Having been
myself bred To a manual ART. printing.
in my native town, and afterwards as
sisted to set up INV business in Phila-
delphis by kind loans Of money from
two friends there. which wa, the foun-
dation OF my fortune and OF all the util-
ity In life that MAY I've ascribcd To me. 1
wish TO bc useful after INV death. il pos
sible. in forming AID advancing other
Young men that may be .erviceablc to
their country. To effect this he gave
to the inhabitants Of the town OF Bos-
ton one thousand pounds sterling. 10 be-
loaned IN small sums 10 Young married
artlficers under the age Of rwenty-fiye.
Owing in the restrictions in the will and
| the changes in habits since that time.
the object Of the tc>tainr has never been
carried out; and there j. now in the
Hospital Life Insurance Company a de-
post OF over one hundred and thirty
| thousand dollar. which LA. been accu.
| muiaiiug sN"r since the death 81 DIR.
Franklin; and % all appearance will
20 on accommodating iolrver without In
7 the slightest degree htnriiiting the young
mechanics for whom /; wa intended
| Now the Supreme Court. or certainly
/ the Legislature. NAV 80 modify the prn-
| visions of the Will A. 10 carry out The
az "a '"h- 90 'hc t'-tatof Tor the bench;
- Young married arililcer>. The on
- tha"e' f'Iuifcd would u" that the
i'ah li~"an 90 D"ihg Tor ~lNfN pounds
| on a bond. with two respectable citizen.
a. surctIe>. should be- Tor one thou -an a
dollar. with real estate 10 al least doul,-
L. the value a security. And who hall
be the managers let u hear the doctor
views; As il j. TO be presumed that
there viii alway. b. found IN Boston
virtuou- and benevolent citizens will
ing 10 devote parl of their time Ia doing
good To the rising generation b, sut.r-
intending aud managing ihi. institution
gratis. II = {" br hoped that no Part OF
the money Will lie dead. hut BE- cunfiuu-
sllo augmenting by interest
Nothing can better illustrate the ef-
icct produced 'by virtunu, and bcnrvo-
lent citizens. who are willing 10 devote
part Of their time in experimenting aud
managing gratl- the sccumulaiiou- OF
moderate men. than the history of our
savings banA-. One oi the Original
managers 81 the Provideni Institution
told me that Al a meeting Of the board
held III" evening before the lav when
they were 10 commence receiving detn--
IT. a discussion took place a. - their
aspects. Some thought that they
could not inspire confidence enough in
the poorer classes Ia induce them to
trust 20" institution with their money.
"at vi ''oiail Lowe VINO wa- renown-
- 4"i n's enthusiasm and sagaciiy. wa
90 Inherent opinion. and declared that
ne "cHeNed 'hA' tie time would come
"h'h thef "uuid nave The management
OF nj hi>t twenty thousand dollars.
nay Wouid those gentlemen have
,i"ush' u IL hsh Deen Told them that
uhllhs 'h' me ol Their treasurer. the
~" N'herao'. james Savage, there
"u4t DC a hundred millions oI dollars
uep">itEd pt more thAii three hundred
anu elghtN-ihree thousand depo-iiors,
anu 'hat me hanhs 81 Massachusetts.
AFTER paving the -iAte tax Of seven
hundred thousand dollars. had ,Hrisf,.f
"' one ge"F "rer hre "''dions Of doiiaTs
among f'eppfs r moderaie propertg.'
The men OF that generation couGcrr-
Ell an inesiimable benefit on the poor by
enabling them 70 save their money -
The men of this generation can confer
an equal benefit bv enabling them 10
invest il. The descendants of the orig
inal founders OF this institution. Of Gar
diner Greene. Daniel Denni.on Roger.
Thomas Wigglesworth, John Lowell.
Ru-sel >rurgis. Elisha Ticknor. samuel
II. VALLEY aud Others. who inherit The
wealth. the sagacity and virtues of their