The Sun.
London, England, 1853-02-07 00:00:00

ON THE ORDINARY SYSTEM.

The sum the ordinary
The sum the Life Offices would give
ordinary Life him if he were unable
Offices would to pay, or if he omitted
At the His give him for to pay his current
end of policy the surrender annual premium of
Annual thirty at that, or sale Si. 6s. 3d. after he has
11 Premium yearswhen age, of his policy, paid into their coffers
to assure the party in case after thirty 2491.78 6d., and which
5001.* is fifty of years'payments they have had the use
years old, death amounting to of at compound
hewill have will be 2491. 7s. 6d. interest,t or, in
paid into worth which theyhave the event of his death
the office. had the benefit one hour after such
of at compound omission or inability
interest. to pay.
ttle more
201 81. 6s. .3d 2491 little
I• 7s 6d. SCOI. than 801. NOTHING.
•
perhaps 901.

ON THE DEPOSIT SYSTEM.
If unable to pay, or not
desirous of paying or
omitting topay,th e Po-
licy would still remain
of its FULL value,
522/.25.7d.ti1l death, if
20 years after, no fur-
titer pay ment beingre-
qutred. If however the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hehas
put in, viz., 2251., but
20 7/.los 011 225/. 5227.287,1 287/. 23. 9d, a certain bonus of 62/.
2s. 9d. in the bargain,
which is more
than one-fourth of the
whole of b is payments,
or he could either draw
out a part, 20!. or 50!.„
diminishing the Policy
only by the assured
value of the sum se
drawn out at the age
when withdrawn. See
pagess and7in detailed
pamphlet, by
F. G. P. Nelson, Esq.
* The rates here selected are those adopted by the English and

The rates here selected are those adopted by the English and
Cambrian Office, and advertised in its distinctive features as low
rates of premium, and professedly for the lower and midd ing classes.
In most offices, particularly the older ones, such as the Scottish
Equitable and the Globe, these rates would be much higher. In the
former of 101. Is. lid., with 10 shillings per cent. entrance fee, would
be the rate to insure 5001. at 20 years of age. In the latter Si. 13s 4d.,
to insure the same sum. The higher the rate the more in favour of
the DEPOSIT system.

f Money laid out at comp und interest DotratEs ITSELF every MUT-
teen years.
On comparison of these two tables it will be seen that a person
under the novel system of DEPOSIT assurance can secure the tollow-
ing advantages, viz., Ist. For a less sum, paid annually, he can assure
a larger rum in case of death than under the ordinary system.
2ndly. In the event of a desire to surrender his Policy he can receive
in this Company, by the above example, which applies to all ages,
THREE times as much as on the ordinary system. 3rdly. In the event
of inability or omission to pay, his policy remains still his property,
of the same value as it was, though he cease his current payments
for any number of years; whereas on the ordinary system, he gets
nothing. 4thly. Should he require to increase or decrease the
amount of his policy he can do so at pleasure. He can, at any time,
by giving a fortnight's notice, withdraw any part from 1/ up to the
Whole amount of his previous payments and with interest. After he
hie withdrawn part one year he can, by a single payment, three
Years, or any time afterwards. raise his policy to a greater or even
is former amount ; and by this system he can at all times regulate
his annual savings by his annual expenditure, with the facility in the
bargain o (having a fund to fly to in case of necessity, the same as
in a bank, with this palpable advantage, however, that he gets inte-
rest for has money, and in case of death his family receive more than
the amount of his savings. In ordinary Life Offices t e can do no
such thing, but his policy at once lapses or is cancelled the moment
he ceases to pay his current premiums, and, instead of having any
Lind to Ay to for aid, all his hard-earned savings become forfeited to
the society, and his misfortunes serve to benefit the pockets of his
More fortunate co-assurers.

Such a system is too equitable and too striking to be overlooked
and DEPOSIT assurance is the only system of assurance which can be
universally recognized and adopted when the principles are impar-
tially canvassed, and its palpable benefits become widely diffused. It
confers greater advantages than a b,nk because it allows a fair rate
of interest in case of withdrawal, and g:ves twice the amount in the
hands of the Company to the representatives of the Depositor in
easelof death, thus combining the
ADVANTAGES OF A BANK WITH THE BENEFITS OF
AN ASSURANCE COMPANY.
In case of endowment as urrances the advantages of the DEPOSIT
system are still more striking.
ADVANTAGES OF THIS COMPANY UNDER THE ORDINARY
LIFE ASSURANCE BRANCH.
To those who prefer this branch Policies are granted from 201. to
5,000/. on every known principle thereof.
Lives in all but the worst stages of disease, and such as have been
rejected by other Offices, are taken at rates equivalent to the parti-
cular disease.
Loans from 50/. and upwards granted on every kind of security,
real or personal, on the most equitable terms to the borrower
Annuities of every description granted on very favourable terms.
Non-forfeiture of a Pau —ln case of inability to pay the currant
Premiums, the Directors will eitner purchase the Policy at a fair
market value, or give a new one in lieu thereof, less 5 per cent., inte,
rest corresponding in amount to the whole of the previous payments
Which have been made.
Detailed prospectuses with tables in further illustration of the De.
Posit system, and any further information may be obtained on appli-
cation to the Agents in the country, or to
CHARLES W. BEVAN, Resident Secretary.

N.B.—Azents wanted In all part., of the World.

R. CO LVERWELL'S NEW WORKS.
To be Lad of Sherwood, 23, Paternoster-row, Oarvalho,
147. Flea-street , Mann, 39, Cornhill. Price One Shilling each; b
Post, is 6d.
_ _ _

ENJOYMENT OF LIFE.
" Health, Recreation, and Rational Use of Time."
CONTENTS : Early Rising—Spring and Summer Mornings—Ex_
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about the Environs of London—The Parks, Lanes, Hills!
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.._riP! and Rambles—The Sea - London at Night—Evenings at Home
!Ittsle—The Drama—Cn Eating, Drinking, eleeping, Bathing, Air,
4est, Ease, Occupation, &c.,

FRAGMENTS:FROM THE FOUNTAINS. Two Vols.

Vol. L
VISIT TO THE LAKES; SKETCH OF EDINBURGH. &C.

Vol. 11.
THE LAKES OF KILLARNEY ; REMINISCENCES OF

DUBLIN, &c.
•
WHAT TO EAT, DRINK, AND AVOID,

" That three score years and ten our course may run."
A popular review of almost every form (cause and cure) of ner•
vously-debilitate d health and enfeebled constitution that harasses
the 3 oung, besets the man of pleasure, business or study, and em-
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IT.
THE PASSIONS.
.4 What passions hurt the body—what improve,
Truths as refined as Athens ever heard."
SUBJECT :=Life's pilgrimage, from infancy to old age. Tho ad-
vent 01 the nassions. Chastity and its inf-ingement. The casualties
of licentiousness and dissipation, with illustratt no, graphic,
narra-
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T.
THE MARRIAGE STATE.
To be or not to be, that's the question."
Paw/Lamm :—Laws and obligations of nature, society, and reli-
gion regarding marriage, to be observed by either sex. Time and
choice, on both sides, as to age temperament, complexion, and
figure, to secure healthy offspring, with the art of rearing them.
Physical defectiveness and Its removal. Sterility and its conversion.
Cases, &c.
(18
By It. J. CULVERWELL, M.D. (1841), M.R.C.S. (1827), L.S.A.
24). Twemy•Sve years Medical and Forensic Referee in these
'natters.

Price ls. each; by Post, Is. 6d. AA-
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terwell, M..
v.D
10, Aro-If-place. Regent-street, who may be consulted daily from
Taa 11 .11 Ewe, and BeTelt till Nine!

IMPORTANT MEDICAL AND SURGICAL WORKS,
Just published, by R. Ratifiers, 219, Regent-street, London.

No I.

gm, in cloth, price 53. by post free, 53. 6d.,
with the & FALSE SPERMATORRHCEA,
is-
TRUE
View,. o the Correction of wide-spread Errors
to the Treatment and Cr -e of Sufferers from Debility of the
prelal:Tion
aapoanchoofndDrira.
itenerative System,
aiPsICKFORD
Sexual
Translated from alGliel
"Dr. Pickford '.s known
al contributions to German
no English readers by his frequent preen-
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ime, he infoi ins as, that he h medical literatml3. This is the first
cal reader. We ?rust this as
ath'essed himself to the nos-medi-
cal
any other 1'
evrily
flt.mn.ay not be the last, if be shall
..iwer to correct."—London ~riret eci which it may be in his
"We tromised in a former numberdierl
Ge-iette. May 30, MI.
iv irs, m order to exhibit 1,,
aimmore that we~ should recur to this
with great sevei:ty the impostors clearly. The author lashes
on the ciedulity of the public. who
The tribe
ate a livelihood by preying
and ' liiedicri Friends,' are mercilessly of
' Quiet.symathisers.'
ci uld find its way into the hands of those who ; and if this book
plaint of which 't tre its, we are satisfied that° suffer
fr
'rn
th eons.
se saved much needless suffering of body and trinrY hundreds would
less importance, though it is that which the ' ndi and what is of
much ti oney......This volume is well qualified
qturacks most prize--
empirical system of treating Spermatornima, and yid an end to the
treat-
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likely to do much good."—Medical Circular, June 16, 1882. i
therefore,
No. 11.
Bvo., in cloth, price 3s. 6d., by post tree, 45,,
THE CURE OF STRICTURE OF THE URETHRA, On prtn,
.
o!es at once Simple, Sate, and Efficient, in even its moat Inveterate--
and apparently Intractable Forms.
BY F. B. COURTENAY,
Member of the Royal College of Surgeons of England.
"In proot of his views he (Mr. Courtenay) has given
he history of a great many cases successfully treated, as bad
as any which Mr. Syrne adduced, and on which he had operated.
;itch are cases ix., xl., xii.. and xvist. No. ix. had resisted, for a
_serial of twelve years, the treatment by dilitation, and was finally
emoved in as many weeks. But cases xviii. anti xix. appear, both
In duration, seventy, and complication of symptoms, of a more ag-
gravated character than any detailed by Mr. Syme, and yet ths
treatment adopted by Mr. Courtenay proved eminently saccessful."
—Professor Lizars on the Treatment of Stzleture.

The Right Hon. R. DISRAELI' BIOGRAP ay of Lord GEORGE
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AUTOBIOGRAPHY °ran ENGLISH SOLDIER In the UNITED
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AUSTRALIA AS IT IS: Its Settlements, Farms, and Gold
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The BARONESS D'OBERKIRCHE'S MEMOIRS : Illustrative of
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_ XI.
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The MARVELS of SCIENCE, and their TESTIMONY to HOLY
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XI.
Miss PARDOE'S LIFE of MARIE DE MEDICIS. Second Edl-
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XII.

ADVENTURES of the CONNAXGHT RANGERS. Sec 'lid Series,
By W. GRA.T ris N, Esq.,. late . Lieutenant Connaught Barters.

TO THE EDITOR OF THE SUN.

SlR,—Your remarks on the Income Tax, both to-
day and at various times, deserve some thanks
from the public. Deservedly you praise Mr. Farr.
He has done much for the common-sense view of
the question. He has gone a good length—a good
deal further than most of his brother accountants ;
but, sir, will you allow me to say he does not go
far enough. I don't, I can assure you, mean any
kind of pun. lam not writing to Diogenes. He
does not go far enough ; and, as you permit, I have
reason to believe, freedom of discusion, I have no
doubt you will allow me to tell you why I think he
does not go far enough.
In to-day's letter, Mr. Farr estimates the proper
capitalisation of income from professions at 13
years' purchase. In his last letter before this
(an admirable letter as to the principle of the
thing), he valued them, and showed they could
not, on an average, be worth 7 years' purchase.
Don't, I beg it of you, blame me, or call me the
Quixote of the party, if I venture to say I can
prove that a professional income is, in real verity,
worth no years' purchase at all. lam not going
to assert this only—l mean to prove it; that is,
BO far as our limited experience of such matters
gives us the power.. Let it be practically tried,
and it would prove itself.
Mr. Farr estimates professional income at 7
years' purchase ; but his assumptions for this pur-
pose are all arbitrary ; vary them the least, and
the 7 years may become 6,5, 2,1, 0. If it was
possible to farm the Barrister business (excuse the
oddity of the idea, it is not my fault, but forced on
me), would it not have been done The reason it is
not done is, that it would not pay at any price.
Indeed, I grant, if it was possible in the limits of
humanity that you could train up a Thesiger or a
Cockburn in a state of slavery, and by (forgive the
idea, it is not mine) applying the lash of the negro
to his shoulders, then you might farm the business,
and every other business too ; you might farm
the Bishops, and even the Premiership. But
when you really cannot, why should you suppose
—why should Mr. Farr suppose—we can ?
Well, then, you ask me, are you prepared to say
the whole class of Barristers—many most wealthy
men, with enormous incomes—are to escape, are
to pay nothing for the protection and many privi-
leges they enjoy ? Are medical men, our Coopers,
and all the rest of them, to pay nothing ? Should
you think me, sir, the Quixote of the party if
said I don't think they should on anything but
capital. If they can take their business, whatever
it is, into the market, and sell it for so much, then
I say let them pay on what they could sell it for.
If they have money saved, let them pay on it.
triaesetcinl h: iee
allsav these men,
y i
me tacnr i,s ,
their
while
I am singular, perhaps, in saying this is the only
fair principle ; but I conscientiously, after long
and
, and
will ewv2i
aoedn,eoft souutonautlddl
hyyao-bioydefeeafitro. the
to
found
a
question,
tueissetocso.t
)oleAny, , believe
payments,pays
on it ? Escape, no ; I didn't say so. If they are
not taxed directly, they are indirectly. The in-
come from any profession, by those very gentle-
men's admission, is regulated, in its total amount,
sources. by the incomes derived from other so Re-
duce those incomes which in
reality stand between
Government and prolssio Ina incomes, and you re-
duce indirectly all professional, or what we may
call secondary, incomes. If the capitalist has 11;5
income reduced by taxation, he finds he can't pay
his surgeon
or his lawyer so much. His surgeon
or his lawyer, in fact, don't requi •re so much.
What an infinite intricacy would such a principle
(if our wise men could only be brought to consider
it) save us from. Intricacy in taxation is a
national evil.
I did'nt intend to be so long, but a subject
grows on one.
Your obedient servant,
Feb. 3, 1853. FARTHER.
P.S.—lf any one questions this, I am ready to
meet him in your columns, soli permittenti. If he
questions it elsewhere, ten to one I don't happen
to see it.