The Sun.
London, England, 1854-06-10 00:00:00

ARE YOU GOING TO THE HIGHLANDS
THIS SEASON ?
If so,you must visit the T titrAN a..d TWEED WAREHOUSE,
12, High•sireet, Inverness, where you WI I flint the sp endid speci-
mens of Highland Manutactwe whieh &nod tne Prize Medal In the
Gre4t Exhibition In 1,51, and the INDUS MY and 'eRODUC (lONS
of the HIGHLANDS of SCOTL %ND, and CI; ,THI NG of every
kind for DEER.ST I KING, GROUSE- HOOTING, and for Ladies
and Gen.lemen TOUitl,Ts' Wear, with an unrivalled selection of
Plaids, shawls, and Ladies' Tartans, Tweed, and L,n4ey Wo.,lseyS,
&c , &c. D. MACDOUGALL.
Inverness.

NI'D. and all Ma Patterns may be seen at 19A, Golden-square,
London, trom 2 to 6 o'clock, un►il let July.

Office.
Wm. 14.. Brooke, Esq., Lincoln, Deputy Chairman, of the Lincoln-
shire Fire Office.
Win. fly. Adams, Esq., Boston.
Wm. Foster, Esq., Canwick, near Lincoln.
Wm. Marshall. Esq., Lincoln.
Jno. Rawson, Esq , Boston.
Jno. Geo. Stapleton Smith, Esq., Lincoln.
Thos. Winn, Esq., Lincoln

Directors of the Lin-
colnshire Fire
Office.

With power to add to their number.
BANKERS.—Messrs Smith, Ellison, and Co , Lincoln.
SEcEETARE.—Nr. Wm. Andrew, Lincoln.
TEMFORARY OFFICES.—The Lincolnshire Fire Office, Cornhill,
Lincoln.
in placing the Prospectus of the MIDLAND COUNTIES
INSURANCE COMPANY befora the Public, it may be well
first, briefly to glance at the Insurance Companies at present
existing in those counties. IVarwickshire has two the Birming-
ham Fire and the District Fire. Notingharnsh4e and Derby-
shire one--The Nottinghamshire and Derbyshire Fire and
Life Office ; and Lincolnshire one— fhe Linco'nshire Fire Office. It
wi 1 be noticed three of these are Fire Offices only. The two Warwick-
shire Companies are both of them highly respectable and well-
established Companies, but limited in their operations to Fire In-
surances, and doing the bulk of their business in their own
localities. The Nottinghamshire and Derbyshire has maintained,
for many years, a most respectable position ; but it may be fairly
asserted, without any intention of underrating the t .ffice, that it
does . ot hold that rank amongst Insuran 'e Comps let which is n -
cessary to render it so profitable to the Shareholders, or extensively
useful to the public, as It might be. Leicestershire formerly pos-
sessed a local linurance Office, but it was abandoned and sod to the
Sun Fire Office some years ago, although parties, well acquainted
with the Leicerershire °file i. have asserted that it only required
energy and perseverance to h Ivo maintained its ground success-
fully. Nof thainptonshire and Rutlandrhire never possessed any in-
surance company of a heir own.
The Lincolnshire Fire office is one of more recent o' igin, but con-
nect, d with one of the largest counties in the singdom. It was
established in 185 , is cm-posed of 495 shareholders, resident in
Lincoln ur Line inshire, and although the business of the Company
has been almost exclusively confined to the city and county of Lin-
coln, it has in three years insured nearly Two MI lions of Property.
The who 'e of the pail up capital of the Company is entire, and in-
vested upon securities ; and out of actually realised profits during
the last three years, all Fire Los es have be• n paid, a 1 manage-
ment expenses, Five er Cent. esch year to the shareholders
upon tie paid up capied, all the charges connected with the
forinati n of the Comp
inY. and still there is asurpiusof nearly I,' 001.
ps a reserve fund. This, in so limited a sphere of business opera-
tions, a.din so short a time, shows w hat ht be done upon the same
principle, by combinations throughout the whole of the Midlano Coun-
ties taking, too, into account, that by such a c imbieation the per
centage of working, expenses would be considerably reduced, and the
amount of local interest brought to bear, renders success certain.
The shares of the Lincolnshire Fire Office have attained a pre-
mium or ce.a. per cent up• n the paid up capital. The Office
was originady intended to have been a Life, as well as Fire Office ;
but it was decidi d first to try its working as a Fire 0111, e
before under ailing Life risks. The success of the office has now,
however, la en so great, that it is determined by the shareholders to
undertake Life, and alas Hail storm Insurances, in addition to the
Fi e business, and to extend the bosiness to the whole of the Mid-
land Counties, with a body of shareholders in each county. This is
proposed to be done by the dissolu' ion or the Lincolnshire Fire-
office, and the form ition of as entirely new Commas , to be called
" The Midland Counties Fire and Life and Hail Storm Insurance Com-
pany." The books, papers, nd business of the Lincoins ire-office to
be handed over to the new Company upon the following terms:—
The sharehol les in the Lincolnshire office to recei • e in shares (not
in money) 30s. per sh ire prem urn, as the market value of their
interest in the Company. To raise a fund for this pur-
pose, so as to keep the Capital of the new Company untouched, the
new Shares are to be allotted at a Premium of 2s. ad. per :shire,
which will raise a fund amply sufficiew for the purpose. This 2s.
8,1 Premium will, of course, not be charged upon the Shares allotted
to the Lincolnshire Fire Office Shareholders in lieu of their present
Shares.
To ensure a permanent resident Proprietary, the Shares of the
MIDLAND COUNTIES are proposed to be divided into sepa-
rate Stocks for each County, the shares in such several County
Stocks not being capable of being held other than by par-
ties resident in such several Counties; and to ensure a Pro-
priety having an undivided interest in the prosperity of the
Company, no person, whilst holding Shares in this Company, Is
to be allowed to hold Shares in any other Insurance Company.
These restrictions may at first sight appear stringent, but they
must and will ultimately tend to promote the interest of the Com-
pany inflni, ely more than an indiscriminate holding of shares by
parties riot resident in the Midland district, and possessing such
shares merely as an investment; or who, from conflicting interests
in other cornaanies,cannot give an undivided support to the Company
of which, as shareholders, they profess, and ought, to be the sup-
porters.
As to the Life Business, the district of the Midland Counties com-
prises a population of between two and three millions, entirely
destitute, except as to the Nottingh imshire and Derbyshire Office, of
any local Life Office, and offerinz to the Midland Counties Company,
ample scope for a mo-t profitable business in that department of In-
surance, and still in so doing to promote a great public benefit, as
every well c•inducted Lite Office undoubtedly is.
As to the FIRE BUSINe.• S, the disaict ot the Midland Counties
is most favourable, the experience of all the existing Companies in
those counties shows.
As to the HAIL --TOR .7,1 INSURANCE, this has not been added
to the Life and Fire business without careful consideration, and
upon details obtained from sources which may be relied upon; and
the union of these three branches of lniuram e in a district so good
as the Midland Counties, combined with careful and energetic ma-
nagement, may well he expected, ere many years pass, to enable the
Midland Counties Company to take its stand as one of the most in-
fluential Insurance Companies in the Kingdom.
According to the arran;ement entered into with the Shareholders
co' the Lincolnshire Fire Ottice, they will take 12,000 of the 17,000
shares forming the Stock of the Midland Counties Company, in Lin•
coltishire, thia-efore, there will be only 5000 new shares to allot. at
the 2s. - d premium, stall, although, it any of the Lincolnshire office
Shareholders have a eiairn to he allowed to Increase their amount of
shares, yet the l'rovisional C, mmittee will vi w with great plea ure
and carefully consider sppiications for shares from parties of influ-
ence and standing, who are not at present shareholders in the Lin-
colnshire Office. .

......._...._ „.........
No person can hold more than 300 Shares in the new Company.—
The Head Office is proposed to be held in Lincoln, with local hoards at
itiroringliain, Leicester, Nott ugh Am. Derby, and Northampton.—
The board of Directors to be comp sed of 25 Gentlemen, chosen as
follows : -
Lincohrhire .. ••.. • • ........ 5 Leice,tersht e ..... • .... ..... 3
Warwickshire • • ............ 5 N •nit .mpt ,nshire .• • ........ 3
Derbyshire .• • .............. 4 Rutlandshlre .. • ..... • • .•• • • I

Nottinghamshire • • •.. • • •• 4I
Three of the Directors to be paid by salary, and exp^cted regu-
larly, if possible, to attend the Board Meetings, so as always to form
a quorum for business ; the remainder of the Dir ctors to be unpaid,
but to be a lowed their 'r vel ing experts s, when they eho ,se to
att nd Board Meetings. at the Head Office.-0 he Chairman of the
Board of Direct rs to eex coal io, a tnember of all the loci boards.
The Annua Meeting of the Co tip= to I.e held alternately, at
Line In, Birmingham, Derby, Nutt ngham, Leicester, and North-
ampton
The Provisional Committee will proceed to allot the shares com-
pr's ng the L neoln stoil, but do not prop se to allot shares in any
of the to. her counties until some influential gentlemen connected
with those connties have applied for shares, and whose advice and
direction In local corn tees may be rendered avai able in the se'ec-
lion of-proper parties as shareholders, as it It n: ,t intruded to allot
the shares at random to any one applying, but only to such parties
as, by the r position, are likely, not only to advance the interests of
the Company by their Insurances, hut by their association with it
to give the public full contidence on the soundness of it . foundation.
It should also be stated that no deposit will be required upon the
llotment of shares, as is general y the Caie, tor all applicants for
shares will be held perfeetiy c ear of all individual lialtilit) or ex
pense, as when the Company is venially and legally fr,rm.d, (which
it is sure to be), then the expense of its fautatiou will be paid out
of the funds of the Codipany.
This is a brief sketch ef the proposed Company, but influential
agents will s ort'y be appointed in every county town in the M(cl-
laud distri t, who will represent the Midland Company for that
county as reg.aels its limn laden, and public meetings will be held
in all th , principal towns in the s-verai cowries to explain more
fully the principles and details of the Company, but it is confidently
bell ved that a Cempany formed ai this is proposed to be, and com-
prising proba,ly bete,. en 2,000 and 3.000 influential shareholders,
cannot fail to prove most creditable, and a profitable investment to
all connected with it
While thus advocating the formation of a new Company it ought
not in fairness to be forgotten that half a century ago, the enter-
prise, intelligence, and capital of the Metropols, promoted and
formed Insurance Institutions, which have been, for years, and are
still amongst the proudest and wealthiest of our National Institutions,
and supplied tor the provinces of the Kingdom, at that time, what
they were not then in a posit on to supply for themselves. But this en-
terprise has been amply rewarded long ago by profits almost beyond
belief ;in many cases anti, the pale-up capital has increased to ten
and twelve times its original ansount, and now by the development
of various national improvements, the Provincial Counties are
as well able to found these Institutions for themselves, as the Capi-
talists of the Metro olis were in former years; and in confirmation
of this, reference need only be made to such offices as the Norwich
Union, the West of England, the Yorkshire, and other local offices.
It has, for many years, been admitted that investments in well-
established Insurance r ompanies are the most profl, able, permanent,
and least hazardous, that are ever offered to the public; and it is
believed that many will read this Prospectus with doubt and hesita-
tion, who, in after years, will regret tor themselves and their families
that they did not throw a small amount of their capital, and the
whole of their influence, into the promotion of this Company.
Power will be taken by the Deed of Settlement to increase the
capital of tt.e Company to two millions by the issue of 80,000 fresh
shares, upon such terms as the existing shareholders of the Midland
Counties ompany shall determine. This is provided for the pur-
pose of meeting any arrangement which may hereafter be thought
advisable for the junction wish the Midland Counties Company of
any of the Insurance Companies which at present exist in those
counties.
Printed Prospectuses, and forms of applications for Shares, will be
Lincolnshire Fire Offichyef,abtmLheeipnatpcoAop:lo,neiann:
appointed
deso
droo
rio4lftt:
ißaeanit
nrymi
ao:
Birmingham,
dathnhoateitm,
whose
gho
Nottingham,
ettt sti
ieno gf
Com-
panyh thatan
out in a few days, and may be had upon application to me at the
Cpoenirbpy;a, nwLyheiiocoe
swr,
itolelfr
,sahxnoyorrt
appoint-
ment notices will from time to time appear in the provincial papers.
-By order of the Provisional Committee,
WM. ANDREW, Secretary.

Lincoln, 7th June, 1854.

THE LONDON. AND NORM-WESTERN
RAILWAY AND THEIR ENGtSL-DRIVERS..

SETTLEMENT OF THE DISPUTE.

Yesterday afternoon a meeting of the directors of the
London and North-Western Railway Company was
held in the board-room at Euston station, for the pur-
pose of considering the recent dispute which has arisen
between the locomotive authorities and the engine-
drivers employed on the southern division of the line.
Captain Moorsom, the deputy-chairman, presided, and
Captain Huish, the general manager ; Mr. J. E. O'Con-
nell, locomotive superintendent ; Mr. J. P. Bruyeres,
general superintendent, and others of the head officials
of the line were present.
A deputation from the engine-drivers of Birmingham,
Rugby, and Camden stations, appointed by the men,
were in attendance, and were received by the directors
in the most courteous and friendly manner.
The drivers entered into a statement of their grievances,
and the reason of their hostility to the contract system
of working their engines, as a compulsory measure. The
main point of complaint was that a demand -had been
made upon every engine-driver to put down his name in
terms of the contract, and that those who did not do so
were threatened with dismissal. They also made state-
ments to show that if the contract system was made
compulsory upon them they would be great losers.
The directors, having deliberated for a considerable
period, ultimately came to the following resolutions :
" The directors having considered the representations of
the engine-drivers, resolved—
" That the trial of the contract system by the engine-
drivers must be entirely optional.
" It was proposed, under the expectation that it would
work beneficially both to the men and to the company ;
and if any constraint on the subject has been exercised, it
has been quite contrary to the orders and wishes of the
directors.
"The directors, therefore, wish the men to be informed
that such as prefer it may continue to work on wages as
heretofore, while such as prefer working on contract may
do so.
" With this explanation to the men, the directors have
only further to state that on comparison of the scale of
wages on the London and North-Western railway with
the wages given on other lines, they do not find that there
is any fair ground for complaint.
(Signed) "C. E. STEWART, Secretary."
The drivers were called in, and these resolutions were
read and a copy furnished to them. They expressed
their perfect satisfaction with the conclusion come to,
and, as a proof of the good feeling between the directors
and the men, those of them who had come from the
other end of the line had their passage-money refunded
and free return passes ordered them.

A VOICE FROM THE PROVINCES.-I,Vrio OUGHT TO
BE MINISTER OF WAR ?—The first Minister of War,
the creation of which office may be held as settled, has
not yet been appointed ; but if the public voice and ex-
pectation are to have weight, Lord Palmerston will be
the man. Any other appointment, however high the
claims of the person from abilities or from his present
office, would undoubtedly be received with disfavour.
—Sc ,tsnian,.
[ADVERTISEMENT.] ASCOT RACES. -- SPORTS-
MAN.—Her Majesty's Royal Letters Patent, for valu-
able and extraordinary improvements in the most
powerful and brilliant Telescopes, Camp, Racecourse
Opera, and Perspective Glasses, to know the dikis
tances of objects viewed through them—of great im-
portance to the army, navy, and others. Messrs. S. and
B. Solomons, opticians, 39, Albemarle-street, Piccadilly.
Observe—opposite the York Hotel.--Those telescopes pos-
sess such extraordinary powers that some, inches, with
an extra eye-piece, will show distinctly Jupiter's moons,
Saturn's ring, and the double stars ; with the same tele-
scope can be seen a person's countenance three miles
and a half distant, and an object from 12 to 14 miles.
They are of larger and all sizes, with increasing powers
accordingly.— The Royal Exhibition, 1851. Valuable,
newly invented, very small, powerful waistcoat-pocket
glass the size of a walnut, by which a person can be seen
and known 1 A mile distant ; they answer every purpose
on the race-Course, at the opera-houses, country sce-
nery, an_l ships are clearly seen at 12 to 14 miles. They
are invaluable for shooting, deer-stalking, yachting, to
sportsmen, gentlemen, gamekeepers, and tourists. Opera,
race-course, camp, and perspective glasses, with wonderful
power ; an object can be dearly seen from 10 to 12 miles
distant. Newly-invented Spectacles ; immediately they
are placed before extremely imperfect vision, every
object becomes clear and distinct; the most aged, de-
fective eight is brought to its youthful, natural, and ori-
ginal state. Deafness—New Discovery--The Organic Vi-
brator, au extraordinary powerful, small, newly-invented
instrument, for Deafness, entirely different from all others,
to surpass anything of the kind that has been, or pro-
bably ever can be, produced. Being of the same
colour as the skin, is not perceptible ; it enables deaf
persons to hear distinctly at church and at public as-
semblies ; the unpleasant sensation of singing noises in
the ears is entirely removed ; and it affords all the assist-
ance that possibly could be desired.-9, Albemarle-street,
Piccadilly- Observe. opposite the York Hotel.
[ADVERTISEMENT.]—The Earl of Aldborough and
Holloway's Pills.—An astounding cure by this miracu-
lous medicine after every other means had failed. See
extract from his lordship's letter, dated " Villa Messina,
Leghorn, Feb. 21, 1845. To Professor Holloway.
Sir—l beg to acquaint you that your pills have effected
a cure of a disorder in my liver and stomach, which all
the most eminent of the faculty at home and all over the
Continent had not been able to effect—nay, not even the
waters of Carlsbad or Marienbad. (Signed) Ald-
borough." These wonderful pills will cure any disorders
of the liver or stomach.--Sold (also Holloway's oint-
ment) at Prosessor Holloway's Establishment, 244,
Strand, London, and by all medicine-venders through.
out :he world,