"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 £1600 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 it was not till after the 1st of August, 1838, that Jamaica had either savings banks or savings. These institutions for the industrious classes came only with their manhood. But why came they at all, if Emancipated industry is, or is likely to be, unsuccessful?--In Barbados we notice the same forwardness in founding monied institutions. A Bank is there proposed, with a capital of £200,000. More than this, the all absorbing subject in all the West India papers at the present moment is that of the currency. Why such anxiety to provide the means of paying for labor which is to become valueless? Why such keenness for a good circulating medium if they are to have nothing to sell? The complaints about the old fashioned coinage we venture to assort have since the first of August occupied five times as much space in the colonial papers, we might probably say in each and every one of them, as those of the non-working of the freemen. The inference is irresistible. The white colonists take it for granted that industry is to thrive.

It may be proper to remark that the late refusal of the Jamaica legislature to fulfil its appropriate functions has no connection with the working of freedom, any further than it may have been a struggle to get rid in some measure of the surveillance of the mother country in order to coerce the labourer so far as possible by vagrant laws, &c. The immediate pretext was the passing of a law by the imperial Parliament for the regulation of prisons, which the House of Assembly declared a violation of that principle of their charter which forbids the mother-country to lay a tax on them without their consent, in as much as it authorized a crown officer to impose a fine, in a certain case, of £20. A large majority considered this an infringement of their prerogatives, and among them were some members who have nobly stood up for the slave in times of danger. The remarks of Mr. Osborn especially, on this subject, (he is the full blooded, slave-born, African man to whom we have already referred) are worthy of consideration in several points of view. Although he had always been a staunch advocate of the home government on the floor of the Assembly are now contended for the rights of the Jamaica legislature with arguments which to us republicans are certainly quite forcible. In a speech of some length, which appears very creditable to him throughout, he said--

"Government could not be acting fair towards them to assume that the mass of the people of this island would remain in the state of political indifference to which poverty and slavery had reduced them. They were now free, every man to rise as rapidly as he could; and the day was not very distant when it would be demonstrated by the change of representatives that would be seen in that house. It did appear to him, that under the pretext of extending the privileges of freemen to the mass of the people of this country, the government was about to deprive them of those privileges, by curtailing the power of the representative Assembly of those very people. He could not bring himself to admit, with any regard for truth, that the late apprentices could now be oppressed; they were quite alive to their own interests, and were now capable of taking care of themselves. So long as labor was marketable, so long they could resist oppression, while on the other hand, the proprietor, for his own interest's sake, would be compelled to deal fairly with them."

Though it is evidently all important that the same public opinion which has wrested the whip from the master should continue to watch his proceedings as an employer of freemen, there is much truth in the speech of this black representative and alderman of Kingston. The brutalized and reckless attorneys and managers, may possibly succeed in driving the negroes from the estates by exorbitant rent and low wages. They may succeed in their effort to buy in property at half its value. But when they have effected that, they will be totally dependent for the profits of their ill-gotten gains upon the free laboring people. They may produce what they call idleness now, and a great deal of vexation and suffering. But land is plenty, and the laborers, if thrust from the estates, will take it up, and become still more independent. Reasonable wages they will be able to command, and for such they are willing to labor. The few thousand whites of Jamaica will never be able to establish slavery, or any thing like it, over its 300,000 blacks.

Already they are fain to swallow their prejudice against color. Mr. Jordon, member for Kingston and "free nigger," was listened to with respect. Nay more, his argument was copied into the "Protest" which the legislature proudly flung back in the face of Parliament, along with the abolition of the apprenticeship, in return for Lord Glenelg's Bill. Let all in the United States read and ponder it who assert that "the two races cannot live together on term of equality."

Legislative independence of Jamaica has ever been the pride of her English conquerors. They have received with joy the colored fellow colonists into an equal participation of their valued liberty, and they were prepared to rejoice at the extension of the constitution to the emancipated blacks. But the British Government, by a great fault, if not a crime, has, at the moment when all should have been free, torn from the lately ascendant class, the privileges which were their birthright, another class, now the equals of the former, the rights they had long and fortunately struggled for, and from the emancipated blacks the rights which they fondly expected to enjoy with their personal freedom. The boon of earlier freedom will not compensate this most numerous part of our population for the injustice and wrong done to the whole Jamaica people.

The documents already adduced are confined almost exclusively to Jamaica. We will refer briefly to one of the other colonies. The next in importance is

BARBADOS

Here has been played nearly the same game in regard to wages, and with the same results. We are now furnished with advices from the island down to the 19th of December 1838. At the latter date the panic making papers had tapered down their complainings to a very faint whisper, and withal expressing more hope than fears. As the fruit of what they had already done we are told by one of them, the Barbadian, that the unfavourable news carried home by the packets after the emancipation had served to raise the price of sugar in England, which object being accomplished, it is hoped that they will intermit the manufacture of such news. The first and most important document, and indeed of itself sufficient to save the trouble of giving more, is the comparison of crime during two and a half months of freedom, and the corresponding two and a half months of slavery or apprenticeship last year, submitted to the legislature at the opening of its session in the latter part of October. Here it is. We hope it will be held up before every slave holder.