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435
Her Majesty's Mails
·
William Lewins
338
There
can
be
no
doubt
that
the
state
of
the
law
is
still
most
anomalous,
and
that
the
great
majority
of
the
people
of
this
country
are
under
the
impression
that
there
is
Government
security
for
each
deposit
in
every
savings'
bank.
Year
by
year,
changes
have
been
proposed
in
the
Legislature
for
giving
more
security
to
depositors,
but
the
body
of
managers
have
hitherto
been
successful
in
their
opposition.
Whilst
legislation
is
thus
deferred,
the
risks
to
the
provident
poor
still
continue.
In
the
report
of
a
Government
Commission
appointed
during
one
of
these
annual
discussions
"on
the
savings
of
the
middle
and
working
classes,"
several
well-known
authorities
in
such
matters,
such
as
Mr.
J.
Stuart
Mill,
and
Mr.
Bellenden
Kerr,
expressed
decided
opinions
of
the
insecurity
of
savings'-bank
deposits.
Mr.
J.
Malcom
Ludlow
spoke
to
the
feeling
of
the
working-classes
themselves:
"I
should
say
the
great
reason
why
the
working-classes
turn
away
from
savings'
banks,
is
the
feeling
of
insecurity
so
largely
prevailing
amongst
them."
Mr.
J.
S.
Mill,
when
asked
for
any
suggestion
on
the
subject,
said:
"I
think
it
would
be
very
useful
to
provide
some
scheme
to
make
the
nation
responsible
for
all
amounts
deposited.
Certainly
the
general
opinion
among
the
depositors
is,
that
the
nation
is
responsible;
they
are
not
aware
that
they
have
only
the
responsibility
of
the
trustees
to
rely
upon."
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