The Sun.
London, England, 1837-11-06 00:00:00

Mr. MURRAY had intended to enter more into the work-
ing of other Institutions for the protection of other indi-
viduals, to show by contrast the main points of advantage
in his own ; but he would conclude with referring to Be-
nefit Societies, which, in themselves, were associations to be
looked upon with interest. Parliamentary investigation
had, nevertheless, proved men to possess very questionable
advantages. The Southern and other Benefit Societies, he
might say, were founded on good principles ; but after all
the foundation was very selfish. One hundred or more per-
sons met in those Societies, saying they would protect the
infirm and sick amongst them. This was a fallacious ground,
because the infirm should be thrown on society at large,
instead of on the exertions of a few individuals.—(Hear.)
By it the sick man would draw on the profits of the healthy
man ; but in the institution he (Mr. M.) proposed, the sick
person could draw from the Society, and if he could not pay
the sum lent, provided he paid interest, the Society could
merely deduct the amount paid to him at his death. He
had been asked by some persons if the Agricultural and
National Banks did not afford these loans. He had a deep
stake in the National Bank ; but this new Society would
rather be an auxiliary to such institutions, and carry im-
provement further. It would not enter into competition
with them, as the accommodation afforded by banks must
be for short periods. His plan afforded to the members
the use of two-thirds of their money paid up, and which
could be held in profitable use for any given length of time,
the interest being regularly paid. The more the poor man
became a participator in the advantages of capital the better.
The acquisition of capital was the one thing necessary to
improve the condition of the industrious classes. The more
the productive portion of society were encouraged to form a
capital, the more their condition was capable of improve-
ment, and the country improved.—( Hear.) There had been
no difficulty in accumulating °0,000,000 of money in the Sav-
ings Banks. Now, if that sum were paid into his (Mr. M.)
Society, it would represent 100,000,000 for the uses of the
people. And what would be the advantages derivable from
such a sum spread over society ? By his design it would
be seen the means of the people were not locked up from
their use—no, the farmer, the artisan, and trader might
have their capital in profitable employment. If the farmer
would insure a life in his lease, he had the means of placing
himself in better condition, and he (Mr. M.) trusted that
if an institution of the kind were formed in Tipperary, it
would be as successful as it was in other towns where the
system was adopted.
Mr. AUSTIN CHADWICK begged to be informed as to the
amount payable on each share.
Mr. MURRAY answered that the shares were limited to
101. each, and the payment on each was `21.55. Od. Out
of 50,000 shares a large quantity were taken up in London
and other places. Th plan agreed upon by the Society
was to distribute the shares in each town, and three hun-
dred were all that could be spared for Tipperary.
Mr. RoE asked if the amount at present payable on
shares was to meet, Parliamentary costs ?
Mr. MURRAY replied in she negative. A Bill would be
obtained for 1,0001., and they were aware that an Act of
Parliament only enabled them to sue and be sued. With
regard to the privileges and advantages to Irish subscribers,
he should say a few words. Although the Society was
formed in London, because there should be a nucleus, and
there would have been a difficulty in providing a sum ade-
quate in Ireland, still all money received in Ireland should
be used in Ireland, and would all go into Irish securities.—
(Hear.) Each locality would have the first claim for loans
on the Society. It was not proposed to take money sub-
scribed in Ireland out of that country. As regarded the
shareholders—the shares were 101. each, and they (the
holders) were entitled to one-third of the profits. The
Society guaranteed five per cent. on the capital, and if
they went on as they had been going, there could not be
any doubt of their being able to realise extraordinary profits.
Mr. Murray then proceeded to remaek on the constitution
of different Insurance Societies, and the immense profits
which they realised for a few, and contrasted the beneficial
tendency of his Institution, which would be the means of
spreading its funds over a large surface of society. Ten
pounds were to be the engngement, and the possessor of
five shares would have a vote—the Irish holder to that
amount to be entitled to vote by proxy. The dividends were
to be struck every year according to the calculation of emi-
nent scientific men. For the first three or four years, sub-
scribers were insured five per cent., the remainder of the
profits to be added to the policies of the assured. (Hear.) Lo-
cal boards would be established which would have the power
of veto, in not accepting a life,• the staff of each to consist
of a medical man, and four or more Directors. The claims
on the Society would be discharged with promptitude, and
litigation avoid&.—( Heir, hea -.) Mr. Murray, after thank-
ing the meeting for the marked attention with which they
had beard him, resumed his seat and was warmly cheered.
The CHAIRMAN expressed his full conviction of the great
advantages which the Society possessed over other institu-
tions of the kind, and begged his name might be put down
for as many shares as would qualify for a Local Director.
JAMES ROE, of Roxborough, Esq., proposed the tilzt
resolution, expressive of the meeting's confidence in the
efficacy of the proposed institution ; and in so doing, took
the opportunity of remarking how deeply indebted the coun-
try, and the town of Tipperary in particular, was to Mr.
M u rray.—(Cheers.)
AUSTIN COOPER CHADWICK, of Damerville, Rol., se-
marled the resolution, which passed unanimously.
The next resolution was• propos,'d by JAMES SADLIER,
Esq , of Brookville, and passed with acclamation.
I Mr. MURRAY returtr,!(l thank. _ _

Mr. J. SADLIER being appointed local agent for Tippe-
rary, at the request of several gentlemen, opened a list of
shares, which was soon filled with several most respectable
names, and the meeting shortly after separated.

HAYMARKET.—A mimic combat at this theatre
was on Thursday night on the point of being converted into
a serious affray. The piece was The Pilot, and two sailors
in the pit had for some time excited considerable attention
by the deep interest which they evidently took in the pro-
gress of the performance. At length, in the scene where
Long Ton► Coffin is attacked by the American soldiers, one
of the jolly tars, who had evidently got rather more canvas
aboard than he could conveniently carry, made a rush for
the stage, cleared the orchestra at a leap, and flew to the
rescue of his brother sailor. The uproar in the house may
be " more easily conceived than described." A whole regi-
ment of Yankee heroes were routed in an instant, and Mr.
Gallot, who enacted the part of the sergeant, received
sundry solid tokens of Jack's zeal for the honour of the
British navy. The poor fellow was immediately secured
and marched off to the station-house ; but we understand
there is no intention on the part of the manager or anv of
the actors to press the charge against him. Mr. Gallot,
we hear, received rather a severe blow in the neck, and Mr.
T. P. Cooke was likewise hit in the scuffle. Jack tried
hard to get hold of a sword, and could he hare succeeded
he might perhaps have done mere serious mischief. Jack
was brought up on Friday before the magistrates at Marl-
borough-street, and was fined ss. for being drunk. He was
then allowed to depart.

TREATMENT OF A PAUPER.—A poor womiu
of the name of Yates, who had been, it is alleged, removed
from Hull in a state of great ill-health, wits taken so ill at
Gainsbro' as to be incapable cf proceeding forward, and, on
being removcd to the workhouse, died there on Thur::dav
last.—Doncaster Gazelle.

AGE.—There are, at this time, twenty individuals
in the Workhouse, whose united ages amount to 1583
years; being 79 years on an average. Out of the above 20
there are 10, whose united ages amount to 821 years ; be-
ing 82 on an average. The total number of persons in the
house, including men, women, and children, is 78, for 27
parishes.—Northampton