The Sun.
London, England, 1837-06-05 00:00:00

PRICES Or STOCKS THIS DAY AT ONE O'CIA,CIs.
.s3ank Sr,ek.
3 pc, Cent. rte.; ,-!;11J,,,, ,m to 11,,,,,,
3 tier Ccmt. Cons . -- Sort}, Sea !•,nck -
3,, prt Cent. ..... .................V7,,i 44 Ditt Aniraitiei :,.- Ditto II..:-,1 .....
New--
3ji pe• ::cut.... „ —: 5 per Cry& AnrikiiiieS, 1751...
15.1 cw 5 icr '.:.‘nt....
Bang I.r•!.gA6,iiitte,tnexpire .I*.ritto
Jan 5, I 9.1) 145.1 '7.16 Ditto 1, :all
Oct. iu. r 451.1 - ' Ditto C0mmercia1....,,... . —Pm
Jan. Ir. 'Be'r 1414 11-16. Ditto Advertktil — —Pm
Jam 3, Izit+' ..... — Bank Strict l':-.I• ACccunt.... ..... 204
A'.ril .), 1,,,5r. — India Stock for Account...
3a''. 5.. 1,171.... — 'Coniol. for Accomit ...... 90 14 I 20%
°minim pm..

31 :37 1,;,-;

PRICF.S OF FOREIGN FUNDS THIS DAY Al' ONE O'CLOCK.
Austrian Bonds .
—, Ter vi. Bonds .. —
Belgian Bonds
—, Ditto Account ............. ..... »-
Ditto Accout,t .--, Portugueseßonds.....-..... ......
Brazdiari Bonds .:., — Ditto Account ..... ..
D,tto Account ......... ........ Ditto Ntst: Roll IS ........... .423 la
Buenos
Ayres Bonds ' Ditto. Account 424 l'A Ditto Account ..
ChilV.n 'Bonds.
~ _
C'.i.to Acct.: —I Russian lionela, If'Q't ............
olumbian Bonds ......... ..... ... •
--' Ditto Accos,nt
Ditto Accout.i. . .,,
—: Ditto Metallic
Csilurnoian 13onds, '824 Spanish i1tind,........,,, ..•....
Ditto Account 'O% I ' Ditto Ac,ount — Danish Bonds ........ ............ Ditto Winds, 1%31 21-74 2
Ditto Account
Ditto
Greek Bonds.,
French, 5 per cent.......... —:".
Ditto Bonds, 15.9.5 ...... - ——:
--. 4 per cent. ...... .... --1. r. •-•—c.
Acs:ount -- 3 pzr cent...... ..... —f. —c
Mexican Honda, 5 per cent —' -- Exchange —f. —~. Ditto Account
Ditto, 0 per cent - ............. L Ditto, 5 *der cent. 9974
Neapolitan —' Ditto Account —
_...
____

_- -
PRICES OF SHARES THIS DAY AT ONE O'CLOCK.
Birmingham and Derby Railway Companyr, Pa
10 id.Stare
Pcr %
Gr •at Western Railway Com 7 . 4O 45% 65%
Brighton (Reapie's)
3 IA
Landon and 13Trmingharo..dallway Company B5 125
London and Greenwict, ?tallwar Company 2O 13% 14
London and Croydcr, Railway Company l5
Manchestvr and Lteds Railway Company
N trth Midland Rallyay Company l5 11,3(1,6
Colonial Bank
'2
..?1%
National PrJrincial Bank of England (N. w) li) 7%

PRICES OF IRISH STi
3 Pe, k:eitt. Consols 89%
'Atte Reduced
3ocr Cent. Stock 9611
9itto New, 1830
8!4 per Cent. Debentures 89%
13 ink Stork
Royal Canal Stock
Grand Canal Stock ,

)CKS, DUBLIN, JUNE 3.
Grand Canal Debi, 6 per cent 8714
Ditto, 4 per cent 59 th
Hibernian hank
City of Dublin steam Co. 101!4
National Insurance Co
City Debentures, 4 per cent 7B
Ballast Office Debentures, 4
tier cent

MAILS.
Arrived. Due. Arrived. Due. Arrived. Du
0 America.......... 0 2 France .. ._ ....... 0 0 Lisbon I
0 Brasil ............ Cl I Ouern. &Venal 0 0 Malta 0
0 Buenos Ayres.. 0 0 Hamburg ...... .. 0 0 Mexico I
0 Carthagena...... 0 I Holland ...... .... 0 0 Ostend 0
2 Dub1in............ 0 0 Jamaica ... . . ..... 0 0 Sweden... ...... , 0
2 Fianders 0 0 Leeward Islands u 2 Waterford 0

HIGH WATER AT LONDON BRIDGE TO-MORROW.
Morning... ...... 59 minutes after 3. Evening......l6 minutes after 4.

Just reak, in 2 vols. Bvo., with Portraits of the King and Queen
Wof Greece, and numerous other illustrations,
ANDERINGS IN GREECE.
By GEORGE COCHRANE, Esq.
Late of Queen's College, Cambridge ; Knight of the Royal Mili-
tary Greek Order of the Saviour, &e.
Henry Colburn, Publisher, IS, Great Marlborough-street.
' Orders received of all Booksellers.

NEW NAVAL STORY by the AUTHOR of "BEN BRACE."
This day was published, in 3 vols. post Bvo.
TH E AR E THUS A.
By CAPTAIN CHAMIER, R.N.
AP!thor of " Ben Brace," " Life of a Sailor," &c.
" One, of the best sea-novels. It is a very clever, and a very
enter4..ining work."--Literary Gazette.
" Adventure crowds upon adventure in this work, forming as a
whole a vivid picture of a seaman's life."--Sun.
The lover of narratives of the sea will find abundant matter of
the most exciting kind in this work."—Naval and Military Gazette.
Richard Bentley, New Burlington-street.

The publication of THE SUN NEWSPAPER commenced this day
at 20 minutes past Three o' Clock.

CO
J
ee.

'33,p,

-_-. .

LONDON,
MONDAY EVENING, JUNE 5, 1837.

Notwithstanding the great advantages which Life
Assurance Companies offer to persons of a limited
but fixed and permanent income of securing to their
surviving relatives the fruits of their industry and
economy, it will be readily conceded that they have
hitherto conferred little or no benefit on the humbler
classes of society. The reason of this is obvious.
Men depending for daily subsistence on the labour of
their he cannot calculate with certainty on a conti-
nued income of more than what maybe absolutely neces-
sary for the support of themselves and families ; and
therefore they are deterred from insuring their lives, by
a prudent apprehension that they may not be always
able to pay up the premium. They may dispose of
the policy, it is true ; but where the sum insured for is
small, the policy, after twenty payments, will not bring,
half its intrinsic value. Therefore for persons to in-
sure their lives under such circumstances—their income
depending on the continuance of a precarious public
employment, forfeitable in the event of ill health—
would indicate presumption, not prudence. The
class of society between the rich middling class and
the poorer class of industrious artizans, has hitherto
had no safe depositary for its savings. The savings
banks were not open to it; and the Life Assurance
Companies offered no eligible investment for a small
and precarious annual surplus. It is, therefore, with much
pleasure that we announce the formation of a Com-
pany to be called, or rather called " The National
Loan Fund Assurance and Reversionary In-
terest Society," having for its especial object the se-
curing to that class exposed to the chances of dimi-
nished income, the fruits of its economy when stricken
in years, or suffering from sickness, and a loss of em-
ployment. For this institution— which, if supported
as we consider it well deserves to be, will confer tile
greatest benefit upon authors, physicians, artists,
clerks, and a very numerous body of tradesmen—the
country is indebted to the indefatigable exertions
of Mr. T. LANIIE MURRAY, who has long laboured
to carry some project of this kind into operation. We
copy from the Prospectus of the Company the follow-
ing condensed view of the principles upon which it is
proposed to conduct it.—Having referred to the in-
applicability of the established Life Assurance
Societies to the circumstances of persons in the imme-
diate enjoyment of a precarious income, uncertain as
to the future, Mr. MURRAY thus developes the
scheme of the New Company To remedy the defects of the present system, the application
of a new principle is required, viz., to make the advantage de-
rivable from an unusual saving, or accumulation, contingent on
two or more chances—death, or misfortune during the lifetime
of the party assured. In the one case, the benefit would reach
the survivor ; in the other, it would commence in favour of
the, insured himself at the very point of permanent or tem-
porary embarrassment.
By the present plan of Life Assurance the benefits arise on
one contingency—the death of the party assured ; and this,
again, contingent on the regularity in the payment of the
annual premium. But it has been shown that this can only be
promised, or wisely undertaken, by those having a specific and
certain income ; and, therefore, to include all classes, those
who do, and *Nose who do not, possess a certain income, that
plan of Life Assurance would far surpass all others in utility
and attraction, which would convert the annual saving or pre-
ni hail paid by the assured, either into a protection to him in
heeverit of misfortune—the means of promoting, at all times,
bit present interest—or a provision for his family- at death.
t:ompared to the interest an individual takes in himself, the
?rovision for his family is secondary, notvri:hstanding the
strength of the latter feeling in the human breast ; and it will
be considered by every one, at least, of equal importance to
protect himself against the occurrence of casualties and re-
verses while living, as to provide for his family at death.
By the plan of this Assurance Society, it is proposed to join
together these two strongest of human motives, and by this
means to give the most powerful encouragement to lay up
a provision for the future. It is therefore proposed that
the fund arising out of the premiums paid by the assured,
will be made capable of fulfilling two or more ob-
jects :---first, the payment of the contract on the policy ;_
secondly, a loaa-fund, out of which the assured will be en-
titled, under certain guarantees, to borrow equal to two-
thirds of hit payments ;—thirdly, in the event of inablity to
continue his payments, such other equitable disposition of
his interest in his policy will be allowed him as he may
choose. By this means his apprehension of great pe-
cuniary loss, in the event of non-payment of premium, will be
removed—a vast class of society will thereby be admitted;
and every individual, while steadily pursuing one object—a
irovision for his family at death—a/ill have, by- the plan of this
Society, a door open to his savings, which will never be closed
against his wants or his use.
These views are just, enlightened, and benevolent,
and the proposed measure for carrying them into effect is
worthy of universal encouragement. It combines all
the advantages of a Savings Bank and a Life Assur-
ance. Company, and is just such an institution as is
most wanted in a commercial nation, where men of
business are constantly exposed to sudden and unfore-