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THE DAILY dispatch. SATURDAY MORNING, DECEMBER 185 THE SAVINGS' Banks.-Aren upon these Institutions in this city has taken place just as it has in other cities; and the reasons for in many instances, are just as founded as in the case of the old lady who went to the Webster Bank of Boston, on Monday, with a demand for specie,'because she had heard that Mr. Webster was dead, his estate insolvent and that his bank must fail! Às heavy as the 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 deposites from the country, and the heavy demands from the country depositors, which are so much beyond their receipts that of necessity a little time is required to pay. These Savings Banks are established upon shares subscribed by the corporators, and in the oldest these shares have accumulated to very heavy amounts. The capital of the City Savings Bank is $60,000-every dollar of which must be lost before the depositor can lose a cent. A similar protection in proportion to the magnitude of the institutions is afforded by others. Their funds are not invested in stocks; but in discounted commercial paper. Conducting business in this way, we may mention as proof of their success as well as the safety of their investments, that in seventeen years the City Savings has not made a single bad debt. Another old institution has not made a bad debt in thirty years! There could not be better proof of proper management. If a man deposites his money any where at all we don't see that he could put it in safer hands. What Bank could stand a sudden demand bybill-holders and depositors to pay up every claim against it? Not one. Time, in such a 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 a great many have putit in their own peckets, afraid to invest it. They thus lose their interest and subject themselves to dangers of loss from robbery and fire. Others again having 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 apprehension whatever with regard to them. REVOLUTIONARY RELIC.-We have seen the 1st volume of Blackstone's Commentaries which belonged to Richard Henry Lee, the Revolutionary Patriot and signer of the Declaration of Independence. It is in the possession of Mr. George L. Brent, of this city, whose ancester Mr. Lee was. He designs presenting it to the Virginia Historical Society. This volume is interesting because of a few foot notes in Mr. Lee's own hand writing, and which indicate the ideas and principles which then absorbed his great mind The book came into his possession in 1772, according to an entry made by him -and in 1785 it was in the possession of Ludwell 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 afterwards planned and effected an association to prevent the operation of the Stamp Act; which association was bound together in their objects "at every hazard and paying no regard to danger or to death." In 1773, on his motion, corresponding committees of the Legislatures of the Colonies were established, and at his suggestion Clubs among the "lovers 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 a particular district, as soon as he is returned, serves for the whole realm; "for the end of his coming thither is not particular but general; not barely to advantage his constituents; but the common wealth." "And therefore" he says "he is not bound, like a deputy in the united provinces, to consult with or take the advice of his constituents upon any particular point, unless he himself thinks it proper and prudent to do so." Mr. Lee appends to this the following note "This is not sound docirine. The general good "must result from that of individuals; nor can the "latter ever prevail against the former where plu"rally of votes determines every question. A "wide door is opened for corruption where the Re "presentative is not bound by his Constituent. The 'declared will of the latter being a thing of notorie. "ty, but the pretended conviction of judgment in a "the Representative may as well happen, [from "bribe as from reason. R. H. LEE." We add one other note from the inside of the back of the book Boads 130 MD
