The British Press; or, Morning Literary Advertiser.
London, England, 1826-10-04 00:00:00

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The CHAIRMAN Vitcht.ii to know whether there was any Oen,ie.
Man present who required any further infi,rtuation respecting the
&fairs of the Asowiation.

• A pause firewane downtimes].
A PHOPILIETOII. then Yes!, and spoke in the highest terms of
Deprobatioxi of the contact of Mr. It. lienumont. lie considered
the chs"ges hmught forwent by Mr.._ ottrell to be wholly un.
worthy of notice, and that the failure of the undertaking w,s alto.
,;ether to he attributed to other cause; than the conduct of the Di-
rector% and Trustees. As to what :lleCottrell had said. any wronger,
ithout going 111701.11 the world. might have tiumped up similar
nrctiggions, and he was sati.lied there was no foundation for them.
Pe then moved the thanks et the meeting to the 'l'mwees and 1)i.
'actors, for the unexceptionable and honourable manner in winch
they had gratuitously performed the arduous duties of their otiice.
iir DuccirrT %poke in the warmest remit of commendation
of 'be energy and punctuality displayed by Mr. Beaumont in busi.
11,1114 It was the conlidence he had in that Gentleman's the-meter
that had induced hint to become a Trustee and large Shareholder
in the undertaking; and that confidence led him to hope that the
ailkirs of the cnrrerii would be ultimately wound up without much
has to the Shareholders.

__.
The modes, heir; seconded, was carried unananously.
Dinnowott returned thanks, and said their conscientious and
honest exertions shuck! not be wanting to conduit the affairs or the
Assorist ion.

Id he had been eqncerned in various. though
not many, Institutions tor 25 years, and h td nev.A. yet had occasion
Invert fFom his colleaguea or constituents, without having to re-
ceive their approbation. Ile had, however, been held up by a
portion of the ;white pros al a person connected with the 1,060
Bubble Companies. This assertion he had !rpml toe person who
was formerly his citric, and who was connected with the press, and
whom he had been obliged to discharge for miaconthict. Ile had
furthrr claim on the part of the public than tint of ing au use-
ful, honor% straight-forward man of business. I. wan not just in
the press to attack a person so unfairly RS it had him. There were
enough of characters open to attack, to satisfy the depraved ap-
petite of the lovers of slander; but they were not noticed. He
had r.eser been connected with any Companies whatever but this
and another, which was the most successful of any—the County
Fire Office. It was an extraordinary and curious circumstance,
that among those who applied to him during the bobble mania
was the son of the proprietor of the Times, who wished
lam to join in a Burial Ground Company, and also in a Funeral
Corrpany. (Laughter.) 31r. Beaumont then charged the Times
of having been the great promoter of .lolr.t Stork Companies, and
rend the following extracts from the leading articles of that journal,
in support of this aasertinn. The Alliance Assurance Company
was the first of the speculations that were set on foot.
Extract from the Time, Feb. 23, 1824.
- -

" A new Insurance Company is about to be (proud, at the head
whicli will he one of the first capitalists in the C:ty. It will be
one of the advantages of this institution, that. through the influence
and connexions of the t•toie in question with the Continent, and the
general pence likely to prevail it will be enabled to extend its
trrivrations gradually over the whole of Europe. The details of the
plan. which only transpired a few days an have not yet been sr_
ranged. The gentleman who originated it has received tenders of
capital to an almost unlimited amount."

Extract from the Times, March 1.1, 1824.
t` The shams In the new Insurance Company arc already at a
rituiuna of 101., and numerous ordersitere been received from the
Continent, particularly from Germany."
Extract from the Times, March 18, 1824.

" ALLIANCY Mgt:NANCE COMPANY.—The shares in this
new institutian, to which we have before alluded, are now distri-
buted among the different persons who loth made application to
become shareholders, and bear a regular price in the market among
the different securities for the investment of capital. As the mag-
nitude of the undertaking, and the extensive channel through
width its object. are proposed to be attained, separate it widely
from any ',Millar one which before existed, and give to the project
a certain degree of public importance, a sketch of the plan, as far
1114 it has hitherto transpired, may not prove generally uninteresting.
The capital of the Company is 3,000.0110/. sterling, to be divided
into .ki,ollo ',hares of 1001. each, and its concerns are to be conducted
by) fire Presidents and sinteen Directors, who will unitedly form a
of Direction. Theis persons have been selected from the
principal mercantile and banking firms of the City. In addition to
the usual übjecnt of such institutions, namely, Fire and Life As.
summers, it is intended that this Company shall also grant bite
Annuities, Endowments for Infants, and Benefit Policies, in all
CURS connected with lite contingencies; neither will these transac-
Cone b: confined to Orestßritain alone, but, through the connexion
with the Continent of therm merchants with whom the plan his Ori•
itinated, will be grwlually extended over the whole of Europe, in
the greater part of which the advantages arising from Societies of
this partite are entirely unknown. The shareholders have been
railed upon for a deposit of 101. on each share, and it is further in.
..meted that, In all probability, no other demand will be made ;
tut, in or.ier to excite the proper exertion on the part of the share-1
Folders, in promoting the general prosperity of the concern, it is
stipulated that each of them shall eii'vet an insurance equal to the
aw.ount of his subscription. No individual, with the exception of
the Presidents, Directors, and Amigo's, is pemiiteed to hold more
titan firl shares, until atter the 25th Match, 1825.
The annual profits, it is proposed, after payment to the Pro-
prietors of not less than three, or more than five per cent. per an-
num, by way of interest on their deposits, grail be applied in the
following manner, via. • stint equal to five per cent. thereon shall
he laid out in the purchase or redemption of shares, provided they
Lan be purchased or redeemed at or below a premium of 901.
share; and a farther sum, equal to LS per cent. thereon, in paying
up the remaining 90 per cert. on the shares until the whole capital
shall be rehired ; the remathing 60 per cent. to be invested io public
securities, in the names of trusters. and divided every five years be.
t weep the Proprietors and the holders of Polities.
." The gentlemen with whom this plan originated are, we on.
darstand, Mr. N. M. Rothschild, and his brother-in-law, Mr. M.
Aiontefiore."

Oue thing which the Times did, and which had nev,r been done
be:ure, was to pm. the price of the shar,s or 'lie Alliance Insurance
Company among the Public Funds. The T;10% f. he wonhl assert,
vi'ea t a great way indeed in producing those things that lately had
b:fallen the country, and it ought not to attempt to redeem itself
by attacking those with clean hands. He had a high respect for the
talent of the notes, and he knew its power ; but he felt justified,
in answer to their insinuations, to bring a few facts before the
A GENTLEMAN intimated to the Chairman that Mr. IValter
Ira, toe principal proprietor of the Tims.
The CHAIRMAN said he dial not mean that Gentleman, but a
Mr. Cudan, wl,ose name appeared in the books at Somerset
House.

Thanks were then vuted to tin: Chairman, and the fleeting
separated.

We are requested to state that the Br. Mitchell men-
tioned in our Mansion•house report of yesterday, in Mr.
NVitio's case, is not Dr. Juhn Mitchell, of Gate-street,
Ltncolit's Inn-fields.

'the Huntingiloeshire Agi ieoltural Association have
convened a meeting fur the I6th instant, and earnestly call
uw every owner and occupier of land to attend it.

We have been informed, by a letter rcc:ivcd from
Ireland, that area of the persons engaged in the atroci-
ono murder of Mr. Hume, near Athlone, have been
erreatel, and are new in safe custody iu Roscommon gaol,
Economy and Elegance combined, at H. L. Cooper's
splendid UpLobitiry Establishment, t)3, Bishopsgate-
street Within, where the Nobility and Gentry are respect-
ully invited to view a rich assortment of Cabinet IVork,
Lpholatery, Looking Classes, and every description of
ornamental decoration suitable to. the simpleat or most
magnificent style, and at prices extremely reasonable. Best
Iktotttla Carpe'ing at 4s. Gd. per yard ; saper Kidder-
minster ditto, 3a. Gd. per yard.-93, Bishopsgate-street
Within.

We regret to state that a breach of the peace occurred
in this city on Saturday last, by the ship-carpenters, who have been
roe sonic time OM of employ. It was nut attended with any great
violence; bat if the parties assaulted had been more powerful, or
there bad been any thing like a parity of numbers, a serious and
dangerous breach of the peace 'night have occurred. It seems that
same limo ago the master shipwrights wished to reduce the wages
their journeymen Is. a day ; the turn would only submit to a
redaction of sixpence. As neither party would concede to any
Wing further, the men struck, and several advertiscnieuts have ap-
paved the papers front both parties. So far each acted In the
spirit of the laws peeved on the repeal of the Combination Lows.
Lac masters eambi:ted to fix a nut.: imens on she wages they would
give, art the journeymen combined to fix a miniattim of the wages
racy would receive. It seems that three men had given great urn.
lamp to their fellow.walunen, by accepting the reduced wages ;
they therefore watched their lodgings, and on Saturday morning,
airout six o'clock. succeeded in intercepting one of them in his way to
hie work. They immediately elevated him on their shoulders, and,
crm ing themselves into a processor', paraded through the streets
of the city, and the parish of ficeimimter, for two or three More.
omv le of this kind ought not tu hare been iolerated for a
moment. The journeymen are greatly misinfiumed if they think
that the repeal of the Combination Laws simply removed die int.
pediments to their assembling to agree to what rate of wages they
woultil receive; It also gave any single journeyman the power of
etassot;nl from their regulations. It love Wm the power of selling
lebour at whatever price he chose to accept ; and it specially
protects those who take leas than the regulated scideof wages from
any interference or violence on tie part of their fellow-labourers.
Vire journeymen must not think we entertain any unkindly feel.
fags tuivrrile them because we deprecate their using acts of violence
towards ceeli other. Unless outrages of this description are
repressed, not only is the liberty of the subject violated, but, what
is of more consequence, the peace of society at large is endangered.
/Seth arc under the protection of the Magistrates, who have laws
fur the rule of their conduct towards offenders of this description.
Eat we have another motive for reprobating their violence; it is to
election them against giving those who betrayed so mach jealousy
at the repeal of the Combination Laws any handle for applying to
the Covcrnment for the rwenactment of them. Evidence of rio.
leoce like that on Saturday would deprive their best friends of
vane of the strongest arguments they have hitherto used in their
favour.—Btistol Mantry, Oct. 2.