Original Correspondence. SAVINGS' BANKS.

New Zealander, Volume I, Issue 49, 9 May 1846, Page 3

Original Correspondence. SAVINGS' BANKS.

To the Editor of the New-Zealander. Sir, — It M-as for a long period the weekly cuslom of your late co temporary, the Auckland Times, to advocate the immediate institution of a Stvings'.Bcink, and he certainly never exercised his pen more judiciously or temperately, although, to the regret of many, without corresponding success. It has, frequently, been cause of great surprise to in} self that so laudable, useful, an institution, to the working classes, in every community, should have been so long neglected and delayed in the rising, flourishing city of Auckland; and 1 can ascribe the circumstance, but to that apathy and absence of union and unanimity which I have observed, I regret to state, on many other subjects, affecting the geneial interest and welfare, to exist among the inhabitants of this

district. In Wellington, Sir, there has been, during the visit of ihe Governor, established asavings' bank, and his Excellency, to mark his approbation, and to promote its beneficial success, undertook to guarantee the interest on the deposits. The Manager of the Union Bunk, voluntanty, came fonvaulas temporary secretary and treasurer. To dilate on the advantages, and tendency to the moral, and social linpiovement of the working classes, which savings' banks, have pioducecl throughout Great Britain, would be seperfluous. It is well known that savings' banks and tern-

perance societies have excited a truly beneficial influence in (he improvement of the habits of many of our countrymen. There must be something wrong, I conceive, in the constitution and elements of society in Auckland ; or, otherwise, its inhabitants of every giade, would not, for such length of time, have neglected to establish an institution so peculiar to the habits and feelings of Englishmen. Let me then entreat you, Sir, to imitate the example of \ our late cotemporary, and cease not in your exertions, till you arouse the settlers of higher classes in this district, to a proper sense of their duty to those of their fellow-countiymen whose thrifty habits may be useless, from being without safe depository for their savings, as well as from being exposed to sudden temptation to mis-apply their hard earnings. I am Sir, yonr's &c, FRUGALITY.

[We sincerely concur in the sentiments of our correspondent; but we do not precisely perceive the necessity of those, who are really anxious for, and who would avail themselves of such an institution, wailing for others to commence. We would advise the working classes to meet and discuss the subject— then to apply respectfully to such gentlemen as they may particularly desire for committee, &c, — and we doubt not the institution would be very soon satisfactorily and permanently established. — Ed.]