The Sun.
London, England, 1852-11-10 00:00:00

EOREIGN.

DEPOSIT AND GENERAL LIFE
ASSURANCE COMPANY.

Railways. Closing Prices. I Business done
this day.
Cent. France (0.V.) all
Charl. & Erquel. all pd i 143/ 1514
Demerara all pd' •••
Dijon & Besancon,4 pd 4% 51/2 p %
Dutch Rhenish... Bl. pd 11
East Indian all pd 8% 9 28%
Gt Indian Penin all p 214 21,4 714
Grnd. Junc. of Fra. 4pd 3% —7% 7 1,4 3/8
Great West. of Canada
Shares pd par 1 p 11
Louv. a la Sambre 7%
Luxembourg
...141. pd 7 7i
Do. (Railway) 10/. pd 5 47/s
Do. 1% pd 11,4
Do. (Canal) _2% pd 1 —1%
Lyons& Avignon, spd 11 13 p
Madras 4% pd 3 7%
Maria Antonia 27% pd
Do. New
Namur & Liege all pd 8 —8%
Do. ox int all pd 6%
North. of France, all poi' 341/2 35% 36 5% 3/4 6 4 1
Do. 201.3 p. c. Bds, all p 1434 15
Orleans & Bor 111. pd
Paris & Lyons 10/. pd 18% 19% p 29 34 8%
Do. Bonds ... 12 pd. ...
Paris & Orleans all pd 68 —7O
Paris & Rouen ...all pd 40 —42 40
Paris & Stras. ...all pd 343 35% 36% 5%
Paris, Caen, and Cher-
bourg... ....... 4pd 6 —6% p 9% 10%
Rouen & pd 20 —2l 21 21
Sambre &Meuse all pd 10 11 10% %
St. Andrew's & QHebec
(A) 4/. pd
Tours & Nantes 17/. pd ..•
West Flanders all pd 43/ —5
West. of France 9/. pd! —8% 18 17i 161 17i
MINES.
Agna Fria all pd - 1,4 p
Anglo-Californian, all p p
Asturian 151. p
Australasian 2/. pd 3 p
Australian 51. pd 1 11/2
Austr. Freehold all pd % 1/1. dis.
Ave Maria all pd % %
Brit. Austr. Gold all pd 14 die. par
British Iron 131. ss. p 61,4 71,4
Braz.lm. (is. sp) 24% 51,4 61%a
Do. Coca. & Cui. all p 2 —2%
Do. St. Joh. del R. 151. 30
Carson's Creek all pd %dis. p
Cobre Copper 4Ol. pd 44 —45
Colonial Gold 1/ pd % p
Copiapo 141 pd 6%
Eng. &Aust. Cop. all p % die.
General all pd
Gold Mountain...all pd % Xl4 dis.
Grd. Duch. Baden, all p
Great Polgeoth all pd 13/s 15/2 p 41
Lake Bathurst all pd % % dis.
Liberty all pd 1% 1112 p %
Lon. & Cal. Gld Quartz
Crushing Corn all pd % dis.
Mariquita.... all pd % p
Mexi. & S. Amer. 9/. p! 414
New Grenada all pd, dis— p
Nouveau Monde, all pdj 543 34 p 13/
Port Philip all pd I 5/8 p 1541 %
Quartz Rock all pd die. par
Santiago de Cuba 103/ 18 131,4 13 %
South Australian, all pd par —14 p
Tin Croft 7l. pd 111,4 1214
United Mexican all pd 71t 8 73% 1,4

Life assurance is daily making rapid strides in public
estimation, but in the multiplicity of new societies that
have been recently established, assurers aro often at a
lose to make a selection. Desirous of availing them-
selves of the advantages which these noble institutions
hold out, they are frequently precluded from doing so
by the want of a guide to direct them in the selection
of an office, and any information which can be collected
upon the subject is always welcomed by the provident
Ipiokretliyo,nthoefretfhoere,cboemmreuandit. with Tinhteerefostll.owilntg will
isarempoorstt
of the proceedings that took place at a large and influen-
tial public meeting of the inhabitants of Riclamansworth,
which was held on Thursday evening, for the purpose
of hearing a deputation from London on the principles
of life assurance generally, and especially in connexion
with the deposit system recently established by
the " Deposit and General Life Assurance Com-
pany," which appears to be conducted upon sound
principles, both scientific and commercial, and has al-
ready began to make great progress in its business
operations. Amongst the gentlemen who were present,
we observed G. Coode, ;Esq. (a near relative to the
Earl of Derby. the Premier), C. Poole, C. W.
Bevan, Esq., W. Prinsepp, E,q., Dr. Codd, Messrs. 1.3.
Matthews, Tracy, Strasburg, &c.
Mr. POOLE having taken the chair, observed that he
had hitherto refrained from entering into any public
company, but he was so convinced that the Deposit
Assurance Company was capable of effecting a great
amount of good, particularly among the middle and
working classes, that he entered soul and heart into it.
The object they had in view was to benefit these classes,
and to benefit society at large, by combining all the
advantages of assurance with a system calculated to he
essentially useful to the working liclasses—viz., the de-
posit system, giving them not only the means of saving
their earnings, but also adding to them a fair amount
of interest. He would call on Mr. Rendall, who would
detail the advantages held out by the present company.
Mr. RENDALL stated that he was glad to have the op-
portunity of saying a few words, explanatory of the
deposit system of life assurance. Savings banks, with
all their imperfections, had long been considered the
most convenient places for small savings ; but he was
able to show, from experience, that the plan he was
about to bring before the meeting possessed still greater
advantages. It was the plan of a company established
to embrace that large and influential class who maintain
themselves by their own labour, manual or mental, in-
cluding as well those who are professionally engaged,
and possessed of a limited income, as those of every
trade or occupation,whether mercantile or manufacturing.
It was statistically true, that only 70 persons, out of a
population of 1,000,000,000, the population of the world,
live to the age of 110 years. Such being the case, it
becomes the imperative duty of man to provide for the
contingencies of the future. He would not now enlarge
on that subject, but would at once proceed to explain
the distinctive features of the deposit system. An
objection frequently urged against the present
system lay in the fact that the assured, by the
contract of assurance, is bound to pay to the assurers a
stated yearly sum during the remainder of his life ; and
should it happen, from alteration in his circumstances or
other causes, that he becomes unable to meet the annual
premiums as they become due, or omits to pay them,
the policy must either be abandoned in the hands of the
assurers at a considerable and unnecessary sacrifice on
the part of the assured, or otherwise declared as forfeited,
along with all the payments made thereon ; but in de-
posit assurance the case is different. It combined the
facilities and advntages of deposit and savings .banks
with the important benefits of ordinary life assurance.
The speaker then explained the peculiar manner in which
the Deposit and General Life Assurance Company con-
ducted its business, and the distinctive advantages which
it was therefore capable of conferring. He also showed
that the Deposit Company was not intended to interfere
with the general operation of savings banks, but that the
one prepared the way for the other. Mr. R. concludes
his observations amid much applause.
Mr. C. W. BEVAN said that it had often struck him
as a singular coincidence that any one endowed with
common prudence should neglect the importance of life
assurance. It was true that persons might say they
have got no money to spare for the purpose. On the
deposit system, a person assuring at the age of 20, and
paying 71. 10s. annually, will at the expiry of 30 years
have paid in the sum of 2251. His policy would be
1394 Ind
hen nee tabs
notadhe
getwo paid.o lodnßebeefsoierdneytaie,t
al
ierfds
ht onh
ih2sBa
pa7l. , being 501. more
worth 5224; and if he were then unable to continue his
nlolisntyhsitsilslirteumataioinna, tahnadn
the same; but with this distinctive privilege, that he
may draw from the company to the amount of 287/. To
exemplify this subject more particularly: by paying an-
nually any sum which at the end of 30 years will amount
to 100/., the sum assured, and which would be payable
in the event of death, would amount to 2471. 4s. 4d. If
during that period the sum of 251. had been drawn, there
would be left a balance which the assurer might draw on of
754 Suppose he were to omit paying for one year or more,
or to stop altogether, his claim would not be forfeited, be-
cause on the deposit system the depositor has entire con-
trol over his capital, and each payment effects a distinct
policy. tie was so convinced of the advantages which
the middle and working classes derived from life assur-
ance, that he was anxious that they should participate
in its benefits; and he was confident that they would not
be slow to avail themselves when they once compre-
hended its practicability, and felt the great importance
of providing against the contingencies of life, from which
none were exempt. (Applause.)
Mr. MATTHEWS, solicitor, next addressed the meeting,
confining himself principally to the advantages held out
to the working classes by effecting an assurance on the
deposit principle.
Mr. BARBER expressed his concurrence with all he
had listened to, and hoped that similar meetings would
take place in other parts of the country, us be was con-
vinced that the plan of effecting insurances on the sys-
tem of deposit was calculated to extend the principle
of those clases who have hitherto been unable to avail
themselves of it.
Mr. COODE moved a vote of thanks to the chairman,
the secretary, and Mr. Rendall, which was seconded by
Mr. CARTER, carried unanimously, and the meeting
separated.

Agna Fria all pd
Anglo-Californian, all p
Asturian 151. p
Australasian 21. pd
Australian 5/. pd
Austr. Freehold all pd
Ave Maria all pd
Brit. Austr. Gold all pd
British Iron 131. ss. p
Braz. Im. (is. 5 p) 24
Do. Coca. & Cui. all p
Do. St. Joh. del R. 15/.
Carson's Creek all pd
Cobre Copper 4Ol. pd
Colonial Gold 1/ pd
Copiapo 14/ pd
Eng. & Aust. Cop. all p
General all pd
Gold Mountain...all pd
Grd. Duch. Baden, all p
Great Polgeoth all pd
Lake B,athurst all pd
Liberty all pd
Lon. & Cal. Gld Quartz
Crushing Corn all pd 7a dis.
Mariquita.... all pd % % p
Mexi. &S. Amer. 9/. p 1 41% —4%
New Grenada all pd, LA dis— p
Nouveau Monde, all pdi —3/, p
Port Philip all pdi 1,4 5/8 p
Quartz Rock all pd die. par
Santiago de Cuba 10% 18 131,4
South Australian, all pd par p
Tin Croft 7l. pd 111/2 121,4
United Mexican all pd 71t 8
West Mariposa all pd dis. par
Yuba 1 paid; par yap
JOINT-STOCK BANKS.
Australasia all pd 59 59% 1
Brit. Nth. Amer. all pd b 7 —5B
Colonial 25/. pdfl 15 161%
Com. of London 20/. pd 29 —3O
London Chart. Bank o
Australia
Lon. & County 20/. pd
London Jt. Stk. 10/. pd
Lon. & Westm. 20/. pd
Nat. Prov. Eng. 35/. pd
Do. New lOl. pd!
Nat. of Ireland 22% p
Orient. Bk. Corp. all pd
Prov. of Ireland 251 pd.
Do. New all pd
Roy. Aust. Bkg. & Gold
Importing Com. Ipd
Union of Austral. all pd
Do. New 21,4 pd
Union of London 101. p
Union of Madrid all pdl
MI.
Austral. Roy. Mail, 4 p
Canada 321,4 pd
Copper Miners of Eng-
land all pd
De. Preference, 7% pd
Crystal Palace ... 5 pd
Eastern Steam...2s. pd
Elect. Tel eg. Ireland Ipl
Gen. Stm. Nay. 14/. pd
Gen. Screw Steam Ship-
ping Company...so/. p
Irish Beetroot Sug. 2i p,
Netherlands Land, 2 pd
Penin. & Or. St. all pd
Do. Do. ...15/. pd
Royal Mail Stm. 60/. pd
Universal Emigration
and Colonization, 21. p

31 - ...

18% - 19%
32 - 33%
45 - 461/2

18% - 20
38 -39
46% - ...
16N - 17%

1 -1%
49; - 50%
6 - 61%
17 -18

CELLANEOUS.
8 - 4
50 -51

36 -37%
29 -30

50% ... x.d
2 —2%
2i —2yB
87 ...
42 4214
79 ...

2 ,~

MARKET NEWS-(THIS DAY.)

THE SUN, LONDON, WEDNESDAY EVENING, NOVEMBER 10, 1852.

Austria, Naples, Sardinia, Modena ; and before tho ex-
pulsion of the Aeurs-do•lys—in France."