Note 100 — Chapter V

The trustees of the principal Savings Banks again petitioned against the bill. The petition from the St. Martin's Place institution prayed your honourable House to pause ere you pass such an Act as would assuredly compel your petitioners, and, in their view, all parties similarly situated, to resign the charge which they have hitherto had so much pleasure in fulfilling, and, as they may venture to assert, with entire satisfaction to the parties pecuniarily interested. In their opinion considerably more importance has been attached to the terms 'Government security,' and 'Government guarantee,' than the facts of the case would require.