To the Editor of the New Zealand Spectator. Wellington, 30th January, 1849.

New Zealand Spectator and Cook's Strait Guardian, Volume V, Issue 365, 31 January 1849, Page 3

To the Editor of the New Zealand Spectator. Wellington, 30th January, 1849.

Sißj-rHavmg observed wjth regret that the election of the Superintending Committee of the Wellington Savings Bank has caused much unnecessary altercation, and needless excitement, I have presumed to trouble you withva few; remarks on that subject. The present Managers were elected at a public meeting of the inhabitants of Wellington, called for the purpose* of forming thatinstitution ; and I believe that the Savings Bank has prospered under their. superintendence, as no, complaints have been made against any of the Managers by' the depositors/ consequently the public may infer that the affairs of- 'the Bank have been conducted to the satisfaction of the par ties principally interested in its welfare.. If the parties who deposit their savings in the Bank are. satisfied of the solvency and honesty of the Managers, *no other persons have any right to eject either of them on the frivolous ground of a mere difference of political opinion. The Savings Bank is a mere commercial affair, unconnected with politics or religion , and as the two gentlemen attempted to be expelled are probably men of as much probity and responsibility as any of their political opponents, their expulsion, if effected on such absurd grounds, would be calculated to inflict a permanent injury on the institution ; as other gentlemen will feel disinclined to bestow their gratuitous services as managers of a public institution from which they may be dismissed at the caprice of any turbulent orators, who, considering themselves a sort of political popes, expect their fellow settlers to bow to their decision- on all occasions, and on every subject, whether social, commercial, political, or religious. If the Managers of the Wellington Savings Bank cannot agree amongst themselves, it would probably be advisable for them to call a' meeting of the whole of the depositors, and, surrendering their authority into the hands of the fundowners. call on them to re-elect a body of managers, with, of course, an}' additions or exclusions that the depositors may deem meet. I see no need of another public meeting, as those who do not deposit cash in that institution can have no possible right to vote as to who is to have the custody or management of funds be-, longing entirely to other persons. I am, Sir, Your humble Servant, A Depositor.