100 



we had finished the task we had set ourselves. The North- 

 ampton Savings' Hank therefore, was, I believe, the second 

 vrhich was established in England. 



I was the first person who suggested the idea of en- 

 grafting on the Savings' Banks, deferred small annuities, to 

 be obtained by small monthly sums being paid into the 

 Savings' Banks. An act has been passed for tins purpose, 

 but it has completely failed, as 1 felt assured it would, from 

 the depositors being allowed, at any time, to withdraw their 

 deposits. My proposition was, that deposits should not be 

 withdrawn, and that if the depositors died before the time 

 that their annuities were to commence, all the amount of 

 their deposits were to lapse into the annuity fund. With- 

 out this chance of benefit of survivorship, tempting terms 

 to depositors could not be held out. I feel assured that 

 every one who will give his attention to this subject, will be 

 convinced of the great benefit which would result to the 

 public, if numbers of the lower orders were to become 

 annuitants, by which means their private interest would 

 become inseparably connected with that of the state. 



It has lately occurred to me, that it might perhaps be 

 practicable to make arrangements to add to the present 

 system, a Naval Savings' Bank, that Captains of ships 

 should be enabled, on the wish expresssed of those under 

 their command, to transmit, from time to time, such part of 

 their pay as the sailors should be desirous of depositing in 

 any Savings' Bank they might fix on. I give this idea, 

 without entering into further particulars, for the con- 

 sideration of those who may think it worth notice. It is 

 quite distressing to hear such frequent accounts of sailors, 

 on their return to their country, being robbed of their hard- 

 earned wages. If my suggestions could be carried into, 

 effect, these poor fellows would not have to receive from 

 their commanders, on their return home, large sums of 

 money to be robbed of; or, encouraged by the harpies by 

 whom they are surrounded, to be in a state of beastly 

 intoxication till all their money is squandered away, and 

 they become poor destitute beggars, until they can get out 

 to sea again. 



I have often heard it said, "that farming is yet in its 

 infancy," meaning, as I suppose, that such great improve- 



