The National Register. — London, England, 1818-12-21 00:00:00

(--9'" / , , I ' it.c'_'.€l_ -C_s 0 a ( id i f 7 T/ d a- C /l e? • • Sation k 1 1 ik Our Mug, Conititution a iltatvg• No. WT.—Vol.. XI. MONDAY, DEi R 1, 1818. , • POLITICAL DISQUISfrION. NORIVICII UNION, INSURANCE SOCIE•TE ON THE CORN HILL. On Friday a meeting of the London insurers in this Society was held at the City of London Tavern, fish opegate-alreet, to receive and take into consideration the final Report of the Loadon Cotnaittee, and• for other special affairs. T. Bensley, Esq. was called to the Chair; oo which he observed . , that *he Committee which had been appointed, encoureqpid by the favourable reeve i tint. of their former Report, in September last, had . 1 since then continued their litbours, and were now reedy to lay their final Iteport before the meeting. He trusted the meeting would bear it witir patience, and also would g ye their attention to every gesittemain who should offer his sentiment upon it, whatever they 'sight be. The motion was then read by the Secretary. It was divided into three parts. That lint related to the ar rangements .which had been made respecting the re_ maininl claims upon the Society; the second, .to the tae of the funds; and'the to.the constitutions of the S teiet y, and the alterations which the Cousin', tee' suggested to be made in them. .On the' subj. ct . 01 7 the constitutions of the Society, and the alterations which mi A lo be male, and which had Ire n suggested; the report gave a long correspondence between the Lon don Committee, and the Norwich i earl of Direittors, and also of the .cummu ketions of the former swith a deputation from the Norwieh BoarcL From these it appeared that the Board of Dir ctots'at Norwich fully ;approved of the coodu . ct of the; general ineetiog which bid reso'ved that Mr. Bignold, Sen. should be dis ; charged from his situation ; mud it was added, that Ise should be requested to deliver up his hooks, and all documents belonging to the Siciety. It the,. noticed a project which the London Committer haeldraon up, of having the principal mnuagement of the Socleiy con ducted in I,fool o o. But the most important part of it was that which lodated to the determination of the Board of Directors at Norwich CO separate the Loll dote branch of the S.wi..l ) . hi the parent-stock. 'lids it was alleged, was done in .e of the answers to some queries which had been submitted for the opi nion of counsel. From there opininee the report :totes, the Norwich Directors heel come to the deter of not considel beg the Lonitna insurers any leii4er as mem!)e rs of the Swiety, further than the time to which it present unexpired policies i.e. tended; and it added, that notice had been served on all those whose polities were to expit• et Chriatnv. that they would not be renewed ; but, at the same owe, that the L insulters - email, for the time they ;mil liloo.;eit to the Society, receive all aliquot put of the profits as well as the comory members. Toe Report further stated, that the sum iisoired in the are department th's year, above the amount of la,t year, was live millions; and that the losses in the fire sod fife deportmeitt were much below eirit could be peeted. 11r. Alderman Pattison, of Norwich, moved, that the Report be received, abed printed for the toe of the' members. • WE learn that subscriptions continue to be sclicited to the petitions for • raising the importation price of grain. We warn those who are concerned in this anti national and inhuman proceeding, to desist. Govern ment, it is said, will not lend them its support : but they expect to carry the measure by surprise ; and hence it is that no meetings have been called by them, but that they enlist partisans secretly. They cannot, we should in candour hope, conceive the full wickedness of their conduct, or the public injury which is likely to resultfrom it, if they shrinld be successful ; our firm persuasion is, that not only would they oppress the na tion, Ibut likewise injure themselves ; for if bread is raised to a price not easy attainable here, the conse quence . will inevitably be, that 'men of large and small incomes will go where it is cheaper : einigra lion to the continents both of Europe and A:aerie:l will increase, and the consumers will be diminished at home. 1k it observed also, that the temptation to t.:* migrate will . be the stronger, be ca u se as b rea d rises in price here, (except inleed in the case of an universal scarcity), its relative value will be likely to be less abroad, on ac count of the export to this country being prohibited, or the price at which it is allowed raised to un exorbi tantly high amount. The first pressure of the injury of raising the im portation price of corn would of course be felt by the manufacturer. He must in the sante proportions raise the wages of his jottrucymen, to enable them to hoy bread; 'the manufacture] articles must then be sold dearer; and the &reign dealers would in consequence no longer come hate to make purchases in the same numbers; and if the landholder supposes tout such is state of things will nut ultimately and by re-action affect him us the primer! cause of it, he is grossly mis taken. He will first lose many of the native consumers by emigration ; and he will secondly drive away the foreign consumers, who invariably flock in great num bers to those countries where manufactures flcurish, and commerce is most free. In a few words, it appears that we have those among us who, if they hal their will, would not suffer us to derive the advantages which we might otherwise do from being at peace.— They are making war upon U.S in 13aonaparte's very method, by endeavouring to exclude us from the con tinent. They are prohibiting, so far us they are able, the use of our numaCietures throitgliont the states of Eumpe. Some of us indeed may, - as we have above stated, seek a refuge on the other side of the Channel, in the way of emigration ; but that liberal intercourse which nature and Providence intended to subsist among men of different languages, tier the common advantagcN and from which we, by our s. - :ierior spirit and enter prise, have always derived mare than un equal share in good, they would actually intercept. The question being seconded, w *bout to he put, when— 14.00 k addrecceil the tynnelityr... I-fe sail, he (amid not agree lu the it hol-, of the R. port, though r • w,te some par ts of It in i hich he aid concur. l't.e only important hart of it wat that wltkit cour.rn. ed the London injurer. ; IMO oh that loin he should y. di it the D.rectors a N orn icli had not act-d a, hr have oi•h.11 They thuil l: lit to ' , hake Of the London insurers, and thi4 tin y did upon tilt., °pull in., of tt ree learned geniis of the law. /1.., however, for one, d d nut ilikk the tfp.ty on from the Nor nich eittletnen out il hr a great IJ4s, for lie trtiA. al th• re *nal be lotus.' ginit'when in Lonloa fu'ly ade quate (tithe 'num.:einem, orti.f• i mratt•c4ncere, (krai. ; , I that, hr iruNted •vuuitl take place. He blamed the I lire tor, fur in a king such rri (went re femme to the n Dine of one iii•liesdual ; fur, of the Unetiora pr ~,rr Rift), there the matter should his n tine should nut he ttruttlit forrtartl on , ,) ls if to tuner the errors of titbits. lie a.lii•tett tu tlii• 11.1a1P of Mr. Sen. the Lite Sr ereitt , y C the tilted at mt. proprit ly of another met for the parpthe tot estatto li,tiog a Society in I.o.iduts upon a similar prits‘yie to t hat of the N • Nit.. Ilan) in strong lei tas condemned the c-niluet o. the Norwich Dire tori, tlbo, h- Obi rrctl , had .; 1 PAULTAStiNTAIII" A NF:Cllo r Sir Robert Walpole wanted to carry at question in the [loose of Commons, to which he knew there would to ~r cat . opposition, and tVild disliked by some of his men e lepeadants. As he was passing through the Court of Itevests, he met a member of the contrary party, whose avarice he ima gined would not reject it large:bribe. Ile took hint aside and sail , " Such a Tie/atm comes on this day ; give me soar vote, and here is a hack bill tin. '2,000'..," which he put into his hands. The member made him this answer Sir Robert you have lately served stow: of rtly particular friends ; $lllll WIWil HIV Wire WAS last at court. the King. was very gr.ei pus to her, which most have happened at your iustan,:e. I there. fire think myself very nu e :redid (putting the bank hill into his picket) if I were to refuse the favour you are now pleased mask me." Among the rumoured changes in Administration, it is said that tie Martinis of Buckingham will suLeved Lord Melville as Fie: Lord of the Admiralty. tittr+ PRICE 9.1 d. taken their money of, and made their 'profit by, the .London instil ts„ and then shook them off. Mr. Middleton contended, that Rule Norwich U:. -teetors were toblame, it was in nothing wore than to so long 'having tolerated Mr. Higneld, Sen. - Mr. Lockwood, who Metal himself to be one of Cie Society's agents at Bury St: Edmunds, defended the conduct of the Norwich Directors, and said that front his own experience he knew the condo., members were dissatisfied at the admission of London insurers. • Mr. Bignold, sen. defhnded his conduct and motives ' in the management of the Society's affairs, and insisted that he lind always acted with a view to the best inter• eats of the .society. He added, that tire conduct of certain individuals who were opposed to him, and who had induced his own sons to act against him, Battering them with the promises of being his successors in office, was governed by a desire of withering the grape Amin another man's vine. (Mr. BiJtold was proceeding , but the opinion of the Meeting being expressed in very , strong terms against him, he was obliged to sit down.) Alderman Thorp spoke in favour of the repott ; though he said it was not altogether such as could be wished, yet it was such - as the nature of the circuits. , • stances under which it was drawn up would admit at The most important part he conceived, and indeed the ' wily part in which the Meeting were data • terested, was that which concerned the ,cat insure . ers ; and if the report had been confined to that, it might have been sofficient. On the vibule,he hoped it would • be received and agreed to.. . • Mr. Ilignold, sea. said, that Mr. Thorp Was a di+ rector of another insurance oompany. Alderman Thorp said it wag true he lees ; &although that company shared some thousands, he could say that he never had brought a single insurer to it. In fact, he was engaged too much in other affairs, M was well known : but the insinuation which was meant to be. conveyed by the mention of the circumstance, he treat ed with contempt. Mr. F. Kemble defended the conduct and. 160tives of the Committee, which he maintained were most ho nourable. The Committee had acted in the discharge sit an important trust which.had hem cunt:nitwit to theta ; and in doing that they had looted outward to the oakr reward Which they at first anticipated—the conscious , nem of having perf wined their duty. After a few words front Sir. Bontghton, the question was then put, And carried unanimously. After this, the Chairman, to whom a written paper hail been handed from the centre of the room, carat' the attention of the meeting to its contents. They were—What were those London insurers to 'lo were now no longer looked upon as members of the society) who had polities of insurance . or (1 years cf which were unexpired ? Mr. S. Bignold, jun. answered that they heti to apply to the directors as befitre ; that they were to bit considered as members of the society, so far as se;ear:ey than loss and share of profits were oncerned, •inti! their radicles were aspired: but that, if hetilre that time they should think fit to withdraw them, they w:eed receive their whole premium, deducting only the pen fur that part of their term which had expired. '1. , . le was to be considered as applying to all polieiea„whethee their expired term was months, 6 months, a year, r 6 years. [This answer, which was coiridcred tory by the greater part of the meeting, drew :iv a Mr. Bignold a number of other questions, scale relx:eg to the state of the funda, and seine to other ma!tcrs; but they came in such quick succession, and the atee•ers to trimly of them, particularly those which related to the Balances in the hands of agents, iv.:re of so gr:terai nature, that we do not wish to haraol any report them.. We answer alone arc except ; that was, to a iucstion whether the separation of t e Loudon s Iron' thaw in Norwich applied to t h e life its well as ia the lire department—the reply was, to the fire 11cp.,rz. ment only. A motion was then proposed 1w Nil-. Th. t the. prem_att Chairman re:quested to call as meg:6ll4 Immlon i+eltrers iu tk: N.prwich Uttion Fire Jliti limaraticc :•;taLty. and alter inhabitant housdlohlcr-, to c ausitler the propriety of establi.shine. a Nation. 1 Ueion•Fire awl Life beu-rates:, on the principic mutual-interest awl mutual risk, and that such tt4:cii. g be 1, 4 111aa the City of London 'Levens, on Wednesde , du; JOla instead." • fliir w i ts carried in the affirmative. roanks mcre then vu d w ti Clidainrn, and the inceting ad jourutA 1. ........ r • I. 4 .- > • V 7.44 . 4, 4 • i 1 li 111 t. it 4 A v....N. -. 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