Northern Times.
Liverpool, Merseyside, England, 1859-08-06 00:00:00

trom January to J u

The CHAIRMAN then intievrd-' that the-
Titherington and Andersoni.be re-elected.
. Mr. SAMUEL Hama, in seconding the motion, saidit did Air.
not rcq-Are a very astute mathematician to say that 171 per the'Bunkruptcy
cent., w.as a problem wbich.was Ye.U7Pieesing to 4well upon. I was according to the Scate
He was strick with "one 'circumstance connected with the Mr. Aspinall, on the part of the defen
reading of the accounts, to Whieli he begged to call the the jury, and contended that: the:o
attention of.the meeting. It was, that there had only been secondary-thoughttond that the-ag•
£22 paid in law.expenses. That was a most extraordinary, work for £5O, £lO of which wr
circumstance.; , There was another -circumstance still more., paid ou account, and £lO had been paid in
extraordinary,. if he. heard 'the, figures aright. The out- Mr. Radcliffe, the defetidant,-was called
standing debts reached the _enormous: sum of £l6: • Ile': having had a disputelvith the cleric, he
made these remarks not for gentlemenpreseut;. but for more and told him that he wished
timid shareholders out of doors:' It was said that the look at: the books, and
higher rate of interest paid, so in ratio was the greaterris ; whole for. He .told-hith to 'name a
this:WAS generally true,!but he w' -"-1 'to "

e corrrt

:kr and
,t

d that

as adautte

is a]
say- what he w

igait . not be any extras, as he .
~-,- , ~ - ~ was xasposeu toti k."......
the Royal Insurance Company was,. to. a- great 'extent; ,an officers, The plaintiff told , him . that
.
exception te.that, general rule:, He had been connected. with, in a very bad state, and' that he must"
the company from its foundation ; and such washis confidence
.' the work, and that if 50 - was not. though,
in it that he would hold his shares, in it as long as he lived,' Would do it for that. With the understar'
and he had effected in it a considerable insurance for one of work was to be done quickly he 'consented"tie
his children. He believed that its principles were sound, , plaintiff complained of his,not, attending as
based upon such a, commercial foundation, managed witb he (defendant) complained of the plaintiff
prndence and with care, that it offered to ,the insurers the reason. He was not aware that the plaintiff .
o on unless he were paid the scale allowed by the coin
greatest protection, while to the:shareholders themselves it g
offered perfect security. He confessed that he felt some tre- The learned assessor, in, summing up,, instructed thWitij
pidation when, in the exercise of the 01, •eater.wisdom of the' that the Whole question' timed upon whether there 'olche
chairman and the other directors, than- he possessed, they understanding subsequent to the first agreenient, that bs,
entered upon the transatlantic risks ; and he knew that many - plaintiff was to be paid. according to the stale allowed
.of the shareholders felt a considerable trepidation when they the court. If .they were
,of opinion that. there was thato;bat
Contemplated the risk in the, ailed States, in -South derstrindin, they would find a verdict for the plaintiff, the
America, and various. other foreign parts. But he was 'if they believed that there was no agreement beyond ~`'.o.
:glad to hear the chairman state tt, the whole amount of firat;. rd., that the plaintiff would 'do the work for 4,`" '
loss .at Valparaiso was only, £22,000,:, and . which had been then they would find for the defendant. a
stated at such an enormous amount as to damage the shares ' I The -jury, after' a:. few -minutes consideration,.. go,' 1
of the company, . They ,must expect occasional losses of an verdict for the plaintiff .for £4O, in addition, to the .£lO Y'r
extraordinary character. He was glad to,.hear the remarks into court. . , . , p
from _the chairman :that they, were going to raise their re- LA-SlrilUND v. Bincti,—The 'plaintiff in this cases.
serveefund to £140,000;' and lie quite agreed with what Mr. William Lashmund, brought an action to, recover X 0 00
Mozley stated, that. they should be content' with smaller seventeen days' demurrage on a fereign vessel' called v,
dividends ; their .present one was 'not to, be grumbled at. Eugenie, from Mr.' James Edward Blech: Mr.- AsPin,t3ho
To,, raise that , reserve fund he 'would go so far as to add who appeared for the plaintiff, 'stated that his• client was, 00
;.C25,000, because it was a very small sacrifice to each share- master.of a vessel which was chartered by the defendaw 0,
holder, and it would give the company increased security. the Bth January ,in the present year.. The question lirt ...,
They must, take the average of years for an insurance corn- whether the ship, which took a longer period than spilt
pany, because. losses 'were, the necessary consequence of the five working. days to load, was detained by the fault of to
establishment of a company like that. He believed, how- plaintiff or the' defendant. The'charter-art 'was. to P;.° is
ever, from having paid some attention to the accounts of the Athenre s, .Constantinople y
': and Odessa.. p
The -11°0.e
company, that the, premiums: would far exceed: losSes contained a. clause ts, the,effect that £4 a.day forcharter dernurifo.,
with; which they should'have to contend, and still would have should be paid for each day after the thirty-five days; aut`ra
ilarge and handsome balance for the benefit of the sharehold- the vessel was not loaded in the time which was named, t'lt
erg. Silently and steadily had that great company proceeded action was brought for the Temurrage-..- For the defeno3 1,
till it had now become one of the eistablished institutions of was contended that the delay in loading was altogether Ors
the land. And he was. sure he spoke the sentiments of jng. to the plaintiff himself,, who' refused to _receive per
every.proprietor in that company 'when lip said, at the same ,of the cargo on board, and closed the hatchwa • - Ultimata
3,5.. . •
time they. were tixankful for that prosperity, they rejoiced the jury found a Irerdiet for the plaintiff.
1 lac
that their labouring sister had progressed likewise in a The court adjounind shortly before six o'clock, uuti4 nine weer. . `,his prosperity showed their judgment o'clock this morning.

)W made w„'",l,-0

ye that

) do it

xequireu, •;„0

!or up —lv
ever refuse!'