The National Register.
London, England, 1822-03-24 00:00:00

INSURANCE SOCIETIES.

Si many new Societies fur Insurances hate latels
Waited up—the professions of nIl are SO enticing—the pre•
lei sick of some are so delusive—is bile alt the same time
stability and h•intittr in these institutions are so essential to
the reare of fainiiiiis, aho commit their protection to them,
that areal caution is how, more than ever necessary in the
• selection of alt insurance (Mire. A hoot half a comers. since
t!,ere wits a sjmilar rage for insurance and annuity -themes
Dr. Price said of their !injectors, .• They believe that the
schemes they are supporting will lieit their time, and that
they will be gainers, and as to the injury that may he done
to their buret-so:is or to others—it is at is distance nod she)
c.a., little about it." In the event they till failed, nail from
t race a Welt the projector, of the new societies ere running,
ta t.':e redaction if rules, thew is every reason to expect that
similar result a iii twfal many of the societies of the present
(1;0 Of this the memhere of several have become so well
C 41, after a few years experience, that they have
broken tip, and joined more thriving bodies, The Members
o: tine Birmingham life qffice dissolved their col cern, and
raid upwaids of 20 OWOI. in one sum, to be admitted into the
finny )star Life (Vice. The Lour'em fainnitrcial Life
(Vice also .1 cult ed and paid another large sum to join the
Pit o•toE ST Lifi: (Viet. These Companies were respectably
con.lucted, and the iiianai:yis to procure a sunlit iency
of huline;.B upon adcgtaile premiums, preferred a dissolution
• e.f the Weil ties to dmio a trade upon losinz terms, to pro-
f, net their individual advantage as eflicers. 1 1w l*hilanthropi •
....!..nuity (Vice el a dilferent and struuled upon
hadequate premiums, amid difficulties an.l litigations, until
it terminated In iiisolvelicy, and complete exhaustion. The
Pia:iunat Union has finished its career in n shorter period, in
:Ilse same way; and its parent, the .Viirtriek Union fur mutual
ihmrance, after having blazoned forth its prodijous wealth
in es ery nook and corner of the empire, is °Mixed to tare up
-the ghost, with the confession as exhibited before the Lord
Chancellor, •• Thai INSTEAD OF ICING IS A FI.OURISII-
-156 CONDITION, it (the Noes% icli Union) OA, aEnueets TO
A Si ATE OF (ill e 4 1)1b1it 5505, ineoll•ing the Directors In
conaderohle peril, as 1/1,..y air; primarily liable on the p:ticica,
and Ivail.l hare to seek contributions from the members at large,
. that several henry losses, and sine unfortunate rower:, had
induced the Directors to determine their responsibility, by re.
.fueiag to continue the policies.'
Tat bursting of this bobble was long aro foretithl, and its
trent proves the little credit that is dime to n-stiveratioas ill
ttlrertisenwnte. 'nue managers of the departed Nott wieit
Us id s arc now settle.; n new company, under the old
mime, and contending in I hasicery a ille the members for the
fregineotS of the old i•0I lel). Their new concern merely
is h.il imitation of the plan of the COUNTY FIRE OFF! cr ,
onerly the sultiett of their censure, now of their pi ake, it,
hem,: " an improvement.' of the mutual imuranrc
these terr,i%ertalweits mid hank rupt CieS
patties who were thought to he trust WO1111!. and aftlitent,
-t iie public is ill at length see the necessity of belou,
cautiouit, and of enquiriiir, strictly into the cliiirat tees and
conduct of those who otter them their pi election, before they
t their interests to Lands which have proved unfaiths
GI, or which 'cumin untriee. I ,Sir,
A PIWOUNT MAN.

The tendency of the new Russian Tariff, is un-
•derstood to b‘: so decidedly inimical to English com-
merce, that an attempt is making to impress on the
Board of Trade the propriety of recommending to
Parliament the imposition of a heavy duty on arti-
cles imported from Russia, particularlf tallow, and
the abolition of the excise on soap and candles.—
We believe, however, that the suggestion has not
Lie. with much encouragement from the Board of
Trade, the president of which is said to have de-
clared to a deputation of merchants ttho waited on
him with a memorial in behalf of the measure, that
t.o fitr from imposing any new restrictions cm trade,
it was the wish of the Board, if possible, to remove
those which existed.