The Sun.
London, England, 1837-07-12 00:00:00

AUDITORS.
Professor Ritchie, LL.D. ,F. R. S. I Professor Wheatstone, F. R. S.
PstYstelaN—J. Elliotson, M. D. F. R. S.
SURGEON—E. S. Symes, Esq.
ACTUARY—W. S. B. Woolhouse, Esq., F.R.A.S.
BANK Er. s—Messrs. Wright and CO.
STANDING COUNSEL—W. Milbourne James, Esq.
SOLICITORS—Messrs Webber and Bland, Bedford-row.
LIFE ASSURANCE SOCIETIES hare been so long esta-
blished, their benefits so extensively known and felt, that little fur-
ther argument is requisite to satisfy the provident of every class of
their utility. Such institutions are of incalculable value, in miti-
gating the evils flowing out of the individual uncertainty of life;
and in equalizing to the survivors of a short life, the fruits of a long
one. Their number and progress within the last few years is a de-
cided proof of advancing intelligence.
It must not, however, be overlooked, that the great advantages
they confer are as yet almost exclusively enjoyed by the upper
classes. The great bulk of society, possessed of no certain income,
relying on the exertion of industry for support—however ample for
the present, but subject to the various uncertainties of life—seldom
in any number resort to Life Assurance for the provision of a Fa-
mily: —hence to them the construction of these Establishments is
less inviting than to those of a certain income, however limited.
Again, the occupations and engagements of this class, by far the most
numerous, important, and wealthy in the aggregate, expose them to
vicissitudes, in reality only affecting the few, yet the apprehension
of which, and the uncertainty of continued income, deter them from
entering into contracts for assurance ; where the advantage, being
so remote, is moreover made to depend on the chances of a perma-
nent state of prosperity, over which the most prudent have no kind
of control.
Against the class above mentioned the door of Life Assurance is
at present closed ; few will venture across its threshold, who are
uncertain Gf the future means out of which to make good the pay-
ment of the annual premium, or subject themselves with the loss of
their policy to the mortification of having spent their money in

To remedy the defects of the present system, the application of a
new princ►ple is required; viz. to make the advantage derivable
from an annual saving, or accumulation, contingent on two or
more chanees—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 assured himself at
the very point of permanent or temporary embarrassment.
By the present plan of Life Assurance the benefits arise upon a
single 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 this can only be promised, or wisely under-
taken, by those having a specific and certain income ; and there-
fore, to include all classes, those who do, and those who do not pos-
sess a certain income, that plan of Life Assurance would far sur-
pass all others in utility and attraction, which would convert the
annual saving or premium paid by the assured, either int, a protec-
tion to him in the event of misfortune—the means of promoting,
at all times, his present interest—or a provision for his family at
death.

Compared to the interest an individual takes in himself, the pro-
vision for his family is secondary, notwithstanding the strength of
the latter feeling in the human breast; and it wili be considered by
every one, at least, of equal importance to protect himself against
the occurrence of casualties and reverses while living, as to provide
for his family at death.
By the plan of this Assurance Society, it is proposed to join to-
gether 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 objects:—first, by the payment of the contract on the po-
licy; secondly, a loan-fund, out of which the assured will be en-
titled, under certain guarantees, to borrow equal to two-thirds of
his payments; thirdly. in the event of inability to continue his pay-
ments, such other equitable disposition of his interest in his policy
will be allowed him as he may choose. By this means his apprehen-
sion of great pecuniary loss, in the event of non-payment of pre-
mium, will be removed—a vast class of. society will thereby be ad-
mitted; and every individual, while steadily pursuing one object—
s provision for his family at death—will have, by the plan of this
Society, a door open to his savings, which will never be closed
against his wants or his use.
New facilities will also be afforded by this Society in the accu-
mulation of capital, also through the means of Life Assurance, to
advance Loans on Life Interests.

That no one may incur undue risks at first, the engagements of
this Society at its commencement will be guaranteed by a Capital
of 500,000/., although other wealthy and flourishing establishments
have found this wholly unnecessary : and that afterwards the Capi-
tal may not press on the assured, it is intended to connect with it
the purchase of Reversionary and other Interests, and to enlarge
the capital as the business of both departments increase ; but the
premium on each addition to the Capital to belong exclusively to the
original Proprietors.
In the various schemes of Proprietary Assurance Companies the
division of Bonuses is proportioned to the rate of premium de-.
manded. Mutual Assurance Societies, notwithstanding they di-
vide all profit, demand too high a rate of premium in order to cover
the risk. In this Society, the premium will be as low as the object
included will admit; and as it is intended to divide with the assured
two-thirds of the profits of the Life and Reversionary Interest De-
partments, the inducement to assure with the Society, on this score
alone, will be greater than with those Proprietary Companies ;
while, besides a much lower rate of premium, a compensation will
be offered that may be greater than any advantage held out by
Mutual Assurance Societies.

The Rates of Assurance are calculated from original and exten-
sive Manuscript Tables founded on a law of mortality, which has
been derived by combining accurate theory with the best experi-
ence ; and they effect the most perfect and equitable adjustment of
each contingency to the several periods of human life.
The growth and success of Life Assurance Companies, and the
profit attendant on their operations, will be best understood by con-
trasting the present Market Valise of the Shares of a few of the
principal Offices with the price originally paid for those Shares.

Clerical, Medical,

perPsrihcaere. I Profit per Share.
Shares. ApaTdoul7),

and General ) £lOO I£2 10 £4 10 XSO per Cent.
Law.. lOO 110 26 160 -
National lOO I 5 11 120 -
Proyident -
Rock 2O I 2 6 200
Sun -

The Capital will be divided into 50,000 Shares of 101. each, on
which 2/. per Share is payable immediately on subscribing, and ss.
per Share in addition, towards the preliminary expenses and pro-
jection ; and as the further increase of the Capital will be by the
constant issue of new Shares at a premium, as the Society extends its
operations, the holders of original Shares will be secured the Profit
of each extension of the Capital.
The first declaration of Profits will he made after a period of three
and not more than five years, and afterwards annually ; but in the
meantime the Shareholders will receive Si. per Cent. per Annum
on the paid-up Capital.
The immediate attention of the Directors will be given to the
Establishment of Offices and Agencies throughout the United King-
dom. As a stimulus to the extension of the Society, Committees of
the assured will be formed in each locality, and a separate calcula-
tion made of its success ; and besides the general Bonus of two-
thirds of the profits, the assured in each locality will be entitled to a
separate Bonus, the amount of which will be made to depend on the
value and extent of their own exertions. Such influential indivi-
duals as may be desirous of promoting the principles on which this
Society is founded, and extending its advantages, or those who may
offer their services as Agents in the Country by addressing a letter
to T. Lamie Murray, Esq., the Projector of the Plan of the So-
ciety, at the Office, 69, Cornhill, London, will obtain immediate
attention.

Applications for Shares to be made at the Office of the Society,
69, Cornbill ; or to the Bankers, Messrs. Wright and Co., Hen-
rietta-street, Covent-garden ; o: to Messrs. Webber and Bland,
Bedford-row.

F. FERGUSON CANIROUX, Secretary.

SIGHT RESTORED, AND NERVOUS
HEADACHE CURED,
Under the Patronage of HIS MAJESTY, Her Royal Highness the
DUCHESS of KENT, and the Li RDS of the TREASURY.
GRIMSTONE'S EYE-SNUFF.
Original Letters at 39, Broad-street, Bloomsbury.
To Mr. Grimstone, Broad-street, Bloomsbury.
Ophthalmic Hospital, Chasing-Cross.
SlR,—Perceiving that in one of your bills my name is mentioned in
union with that of my late patient Mr. tatchfield, I beg leave to oonfirm
is testimony, and state the great benefit derived by the use of your ex-
cellent herbaceous eye-snuff in his case, which was one of obstinate
chronic ophthalmia, accompanied by opacity of the cornea, and avarice
state of the conjunctional vessels. his case was the first under my
notice in which the preparation was used ; but, being struck by the ad-
vantageous results, I resolved to lay aside prejudices, and advise its use in
some oases in my practise at this hospital. The benefit was great, and has
led me still further to recommend it, but, unfortunately, the funds of the
hospital are low, and our patients too often cannot afford the purchase of
your snuff, it being, from its price, almost as unattainable to the poor as
patent medicine would he. If it be not asking too much, could you form
any arrangement by which the really indigent patients of this institution
could be supplied with the eye-snuff at a lower price, on producing a re-
commendation to that effect, signed by me. If you oould, I would ask
you to be so kind as to write to me here on the subject ; in doing so you
would perform a great act of charity, and the obligation would be felt, not
only by the poor whore you would relieve, but by your obedGUientT servaHßlEnt,
.1. G. .
Mr. Grimstone has complied with the above humane request of Dr.
Guthrie

Whitehall, March 8, 18'6.
to you Eye Snuff Its
If thinkt
the it
gbt.
euattj justice
benefit I
that
havel sh odueltdivlerfromzy
te
ususe
o acknowledgmentsyour
mast exquisite fragrant compound of herbs, call
action on the membrane of the nose causing the lachrymal
means
so le
gclanadnssitdo
discharge in a manner truly surprising, and by that
the cornea, that my Eycs became healthy, str mg, andpbeirefs(sirinmgetiort_hfeoitr
wonted duties in a manner that 1 have not known the
six years. The renowned Dr. Guthrie recommended me to tiyourhim
Eye Snuff, prior to soy undergoing an operation. Many thanks to _
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not be necessary. Sir, you have my permission to make this known n
any manner you think i
best. I am, Sir, your obedient servant
Is Mr. Grimstone,39, Broad-street, Bloorasbur}j•.. a
. P.S. Be pleased to send to the Thatched-house Tavern, St. James's-
In ,at 411 AA LACHFIELD.
---•--, and two 2s. 4d. canisters.. You can inclose the change
.hae parcel for the inclosed half-sovereign.—J. B. L.
, onlyi t e a
d .genuinestt
e e
t,
Bloomsbury,i s manufactured
and
24, theK i King-street,
g.. sinventor,tree t,ijo NiV,
g.
AGerirme:stLotOnneed'ac.oi:Tn!Crehnrsteers.ignsaottudvein, with the aabtoivse.
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„is at-
tachedand
Se. each. It may be obtained in all the at
towns and. cities. A
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stone's Eye Snuft Foreign nd British
quality. -Snag aria Cigars of she finest