a conces' of half or procure the privilege for us & we engage to pay you one thousand dollars with reasonable charges, in obtaining it you however to determine which you will do & write to that effect as early as possible. Although a considerable amount of the ice melted during the three-week journey south, they did manage to sell much of what remained on board for a loss of $4,500 overall. However, this venture became extremely profitable in the years to come. When he returned, Savage continued in the practice of law and was admitted to the bar in 1807. He then served in both houses of the Massachusetts legislature. Savage was also a member of the executive council, and a delegate to the State constitutional convention of 1820, filled several municipal offices, and was a member of the school committee. On December 13, 1816, Savage, as secretary, along with William Phillips, Jr. as president, and James Prince as treasurer, founded the Provident Institution for Savings in the Town of Boston as the first chartered savings bank in the United States, with 961 accounts totaling $76,000.00, on the belief that "savings banks would enable the less fortunate classes of society to better themselves in a manner which would avoid the dangers of moral corruption traditionally associated with outright charitable institutions." 176 years later, in 1992, the bank was acquired by Fleet National Bank of Massachusetts. Savage was elected a Fellow of the American Academy of Arts and Sciences in 1824. Family At the age of 39, Savage married 31-year-old Elizabeth Lincoln, and their only son, James Jr., was born April 21, 1832. James Jr. attended Boston Latin School, and then, just like his father, attended Harvard University in 1849. That same summer, in 1849, Savage's daughter, Emma, married William Barton Rogers, who later founded Massachusetts Institute of Technology with the help of the Savage family. Then, tragedy struck. Savage's wife Elizabeth died in 1851 and then, soon after, their daughter died. Just as James Jr. was finishing up at Harvard, in the summer of 1854, Savage's second daughter died all three deaths were within a three-year span. After the funeral of the second daughter, James Jr. went on a trip to Europe with two classmates, Horace Howard Furness and Atherton Blight. James Jr. studied agricultural chemistry while in Munich and Berlin. James Jr., when he returned to the States,