Transcribed by unknown author unknown author
Edition: February 3, 1844 February 3, 1844
Accounts from all parts of the country state and almost universal increase in the deposits of savings banks, during the past year, one of the consequences that necessarily follow from the improvement in the condition of the working classes, but some portion of the increase is to be attributed the high price of the funds, and the higher interest consequently paid by the savings banks.
Hence it seems generally to be anticipated, that during the next session, some reduction will be made in the interest paid to depositors in these institutions.
Otherwise, in the aggregate, it must entail a considerable loss on the government.