SMALL LOANS FOR POOR PEOPLE.
[TO THE EDITOR OF THE "SPECTATOR." J
Sin,—As you attached sufficient importance to Mr. Batty's letter and to the article in the Economist on the popularisation of Consols to make them the subject of a leading article in your issue of July 4th1 it might interest you to know that I founded some time ago an Association with the primary object of encouraging small investments (as opposed to Savings Bank deposits) among the large number of persons who are at present outside the pale, so to say, of investors, and by logical consequence of being helpful to persons of that class who might be in need of temporary assistance, which is of inestimable value when wanted, and useless, to whatever amount, when not required. I got as far as registering the Association with a capital of £200,000. feeling confident that the soundness of the scheme and the worthiness of its objects would secure for me the financial assistance required to start it. I miscalculated, and the Association remains in a state of suspended animation. I carried it as far as I could carry it alone, and there it is waiting to do the work which I have felt for many years would be a boon to the public, whom I longed to try to rescue from the shoals of sharks who now prey upon them with such success.—I am, Sir, &c., 74 Grosvenor Road, Highbury, London, N. D. N. SAMSON.
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