ord Belmore with so much truth declared never would be developed
_until slavery had ceased_. She has her Banks.--Give her, in addition,
her Loan Society, her Marine, Fire, and life Assurance Company, and some
others that will shortly be proposed, and capital will flow in from
other countries--property will acquire a value in the market, that will
increase with the increase of wealth, and she will yet be a flourishing
island, and her inhabitants a happy and contented people."

Now men desperately in debt _might_ invite in foreign capital for
temporary relief, but, since the _compensation_, this is understood not
to be the case with the Jamaica planters; and if they are rushing into
speculation, it must be because they have strong _hope_ of the safety
and prosperity of their country--in other words, because they confide in
the system of free labor. This one prospectus, coupled with its prompt
success, is sufficient to prove the falsehood of all the stories so
industriously retailed among us from the Standard and the Despatch. But
speculators and large capitalists are not the only men who confide in
the success of the "great experiment."

The following editorial notice in the Morning Journal of a recent date
speaks volumes:--

SAVINGS BANK.

"We were asked not many days ago how the Savings Bank in this City was
getting on. We answered well, very well indeed. By a notification
published in our paper of Saturday, it will be seen that L1600 has been
placed in the hands of the Receiver-General. By the establishment of
these Banks, a great deal of the money now locked up, and which yields
no return whatever to the possessors, and is liable to be stolen, will
be brought into circulation. This circumstance of itself ought to
operate as a powerful inducement to those parishes in which no Banks are
yet established to be up and doing. We have got some _five_ or _six_ of
them fairly underweigh, as Jack would say, and hope the remainder will
speedily trip their anchors and follow."

We believe banks were not known in the West Indies before the 1st of
August 1834. Says the Spanishtown Telegraph of May 1st, 1837, "_Banks,
Steam-Companies, Rail-Roads, Charity Schools_, etc., seem all to have
remained dormant until the time arrived when Jamaica was to be
_enveloped in smoke_! No man thought of hazarding his capital in an
extensive banking establishment until Jamaica's ruin, by the
introduction of freedom, had been accomplished!" And