The Sun.
London, England, 1854-04-05 00:00:00

No. 19,197.]

LONDON, WEDNESDAY EVENING, APRIL 5, 1854.

SEVENTH EDITION.

_mow ready, in one vol , with numerous .strations, 7m. 6d. bound.,
THE MARVELS of SCIENCE, and their
TESTIMONY to HOLY WRIT.

R
H'S
inclAudLingßiEhe BTER NSEASIFIOTII AND°aNndTtheBSILMAPLOC'
hl N
THIS EVENING, and Every Evening at Eight o'Clock, (except
Saturday) ; and Tuesday, Thursday, and Saturday Mornings, at Two.
Stalls, 3s. (which can be taken at the box-offica every day from 11
till 4 ; area, Is.; gallery, Is.—Egyptian Hall, Piccadilly.

PREPARATIONS FOR WAR

We learn from Gibraltar that, on the 2.1.
draughts of the 41st and 47th Regiments had arrived
there, under the command of Major Farren, of the 47th,
after a very good passage of 5 days from Liverpool on
board the screw steamer Taurus. The ship being placed
in quarantine the officers were unable to go on shore,
but the troops were in excellent health and spirits, and
the arrangements on board had given entire satisfaction.
The Taurus, after taking in coals, had proceeded the
same day at 1 p.m. on her way to Malta, where, it is
announced by telegraph, that she has arrived in safety.
The Lords of the Treasury have intimated to the Com-
missioners of the Customs, by letter, dated the 24th of
March, that copper, pig iron, bar iron, hemp, flax, pitch,
tar, resin, turpentine, and oakum may be exported with- '
out any bond being given, but their lordships reserve to
themselves the discretion of requiring bond hereafter on
the exportation of these articles, should they see cause
to do so.

A. Popular System of the Sciences.
fij S. W. FULLOM, Esq.
Dedicated, by permission, tc the Kin; or Hanover.

"The skill with which the sciences are treated is not the least
marvel of the volume. Such a book is more than a literary trium,,h.'

NOTIC E. CONSTANTINOPLE. The
Lecture accompanying the GRAND MOVING DIORAMA
of CONSTANTINOrLE is now delivered on Wednesdays and Satur-
ays by Mr. J H. STOQUELER, when the progress and localities
of the War will be more particularly explained; and oa the other
thys, as usual, by Mr. CHARLES KENNEY. A very clear and
excellent Map has been added to the illustrations.—Daily at Half-
past Two and Eight.—Admission, Is.
EGYPTIAN HALL, PICCADILLY.

Hurst and Blackest, Publishers, successors to Henry Colburn, 13,
Great Marlborough-street.

Mr. LEVER'S NEW WORK.
This day, Svo., cloth, 215.,
rHE DODD FAMILY ABROAD
By CII.ARLE, LEVER,
Author of " Harry Lorrequer," " Knight of Gwynne," &c.
With Forty Illustrations, by IL K. BROW NE.
Also, Nos. 19 and 20, completing the work, price 2s.
London: Chapman and Hall, 193, Piccadilly.

REE EXHIBITION.—The EXHIBITION
IL' of PAINTINGS, &c., purchased for Distribution among the
Members of the Art-Union of Glasgow, is NOW OPEN, at the Gal-
lery of the New Society of Painters in Water Colours, 63, Pall-Mall.
—Hours of attendance 11 to 4, and 7 to 9.

NAVAL APPOINTMENTS.

LAURENT'S CASING, ARGYLE ROOMS,
(Lessee, CHAS. C. LatraENT, Onslow-house, I'll..lam-road),
—The above Rooms are now OPEN FOR THE SEASON.
and will continue open every evening, with LAURENT'S
g'ELEBRATED BAND. Two Quadrilles on subjects of Meyerbeer's
Opera—L'l• toile du Nord; &so, by H. La•srent, the following Waltzes
La belle Frangaise, Leonora, Villikics and his Dinah, and L'Etoila
du Nord Polka. Admission, Is. Doors open at half-past 8. Dancing
to commence at 9 o'clock, and terminate at half-past 11.

A new steam mill for army purposes has just been sent
out to Malta, which had been constructed in this country
in compliance with an order from Odessa, but the ex-
portation of which had been stopped by the Royal pro-
clamation. It was much required at Malta, the Admi-
ralty steam mill there being unequal to the pressure
upon it, and the old niule mills of the Knights of the
island not being suited 119,,the requirements of the pre-
sent age.

ROYAL POLYTECHNIC INSTITUTION.
PATRON—H.R.H. PRINCE.ALBERT.
DURING LENT, a POPULAR LECTURE on ASTRONOMY,
SPLENDIDLY ILLUSTRATED, by Dr. BACHHOFFNER, on Wed-
nesday and Friday at three, and at eight o'clock in the evenings.
MAGNIFIED PHOTiOGRAPHIC PICTURES, and a NEW SERIES
O.4S.iCtioVING VIEV
LE PURE by -3.. it.sq., on PAPER MAKING and Its
DECORATION with COLOURS.
LECTURE by Dr. BACHOFFNER on WILKINS'S NEW PATENT

From the Baltic fleet at Kiel a letter written on the
28th states, that sinclt. e eparture from England the
officers on boaA »thVai ships hadnot communi-
cated with each other, nor did there seem any prospect
of their being able to do so until they got into some har-
bour. The entrance to Revel is said to be commanded
by a strong fortress called Owesland, constructed of
granite, and on which there are three batteries mounting
800 guns. It is also said to be garrisoned by a large
force.

UNIVERSAL ELECTRIC TELEGRAPH.
DESCRIPTION of RUST'S PATENT TUBULAR PIANOFORTE,
and of TRESTRAIL'S PATENT METHOD of RAISLNG
SUNKEN VESSELS.

Open Mornings and Evenings. Admission, Is.; Schools and
Children under Ten years of age, Half-price.

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and was immediately taken into the basin, to be ready
to receive one of the detachments of Captain Thomas's
field battery of Royal Artillery to-day.
' The Marquis of Lansdowne visited Woolwich dock.
Lord
yesterday, during the time the horses of the sta Lord Raglan were embarking. His lordship wasac-
companied by Commodore Superintendent John Shep-
hard, and went over the Royal Albert, 131, to witness
the advanced state that fine screw steam-ship is now in.
She will be ready for launching by the end of the present
month, by which time her engines of 500-horse power on
Penn and Sons' patent trunk principle will be ready to
put on board.

The Princess Alice arrived at Woolwich yesterday, to
be prepared to proceed to the Baltic.

Captain Erasmus Ommanney (1846), Deputy Con.
troller-General of the Coastguard, is appointed to com
mand the Eurydice, 26, commissioned this day at Ports
mouth.

Captain G. N. Broke (1845) has commissioned the
Gladiator steam-frigate at Portsmouth.
Lieutenants—Mountford S. L. Peile (1841), from the
Arrogant screw steam-frigate, to the Gladiator steam-
frigate, at Portsmouth ; William H. Hood (1846), from
the Coastguard to the St. George, 120, for service with
the Baltic fleet ; Hon. Thomas A. Pakenham (1844), to
the Algiers, 91, screw steam-ship, now ready for com-
mission at Devonport.

Master C. C. Scott (1854), to the Gladiator steam.
frigate at Portsmouth.

Clerk Edward Faulkner (1847), from the Impregnable
flag-ship at Devonport, to the Gladiator.

[PRICE SD,

the close of the second year. Indeed, they had been
only 18 months at work, during the first three of which
their business was merely nominal, so that they really
obtained the large income they possessed in about 15
months, and they had every reason to expect that next
year it would be very considerably increased. He be-
lieved that they were now fairly established, and that
their expenditure, which had hitherto been large, would
not only be reduced relatively in accordance with the
amount of their business, but actually in amount. One
disadvantage of a proprietary office was, that they had
comparatively thin meetings of shareholders, but he
hoped some arrangement would be come to in the course
of the summer by which they might have a meeting of
policy-holders to hear the progress making by the com-
pany. in conclusion, as he saw Mr. Neison present,
he should be happy to hear his opinion on the position
and prospects of the company.
Mr. NEISON said that the report laid before them that
day suflicienctiy evinced that a large business had been
done. There were few instances of a new office snaking
such rapid progress, and he could not look upon their
prospects as. other than of a most encouraging descrip-
tion. Mr. Knox having alluded to their large expendi-
ture, he might be allowed to repeat what he had said
elsewhere, that it was better to spend 10,0001. at once
to obtain a large business than drag it over four or five
years to obtain an equal amount of businose--all experi-
ence proving that the "slow and sure offices," as they
were called, could not obtain a business under that
amount. Of course, when he spoke of a large expendi-
ture, he meant that it should be also, judicious, and that
it was so in this case_was_ehown. by the largo fruits it
had borne. With regard to the extension of their loan
business, he believed they could not do a better thing,
as it was both commercially profitable and beneficial to
the community generally.
The report was then' adopted, the dividend approved,
and the retiring directors re-elected.
The same remuneration as last year was voted to the,
directors, while 151. 15s. each were voted to the audi-
tors.

Mr. BEVAN remarked that the auditors had well earned
the money, inasmuch as for several days they had been
engaged in the office up to twelve o'clock at night
investigating the accounts, and taking care every item
in the balance-sheet was checked and proved.
Mr. PEINSEP proposed a vote of thanks to the medi-
cal officers for the great care bestowed by them in se-
lecting heal* and sound lives. The success of their
selections was shown in the few casualties which had
attended the operations of the society.
Mr. R. A. RIDDELL seconded the motion, and bore
his personal testimony to the attention which the medi-
cal officers had devoted to the interests of the company.
The motion was carried unanimously.
Dr. SCANLAN returned thanks, and stated that the
compliment was as much due to the medical referees in
the country as to his colleagues in London. (Hear.)
A vote of thanks was then unanimously passed to the
chairman and directors for their past services.
The CHAIRMAN, in acknowledging the compliment,
assured the meeting that he had always taken a great
interest inithe welfare and proceedings of the company.
He spoke not only as chairman and a director, but as a
shareholder and policyholder also, and to show the
confidence which he had in the stability of the concern,
he need only mention that ho was insured with the
company for the sum of 4,000/., and therefore the pro-
prietors might rest satisfied that in furthering their in-
terests he was only promoting his own. (Cheers.)
A vote of thanks was then proposed to the country
agents, which was responded to by Mr. Davies, of Man-
chester.
Proposals for assurance were handed in from Oldham
for 2,850/. ; Manchester, 2,722/. ; Bristol, 4,2001. ;
Derby, 2,200/. ; and Birmingham, 4,400/. ; making a
total of 16,3721.

Mr. POOLE took the opportunity of passing a warm
eulogium upon the business habits of their noble chair-
man. He was sure the company ought to be very much
indebted to the gentlemen who had introduced him to
them, for greater aptitude for administrative detail could
not be found more strongly developed in any gentleman
in the city of London than it was in the noble lord, who
had worked hard in the service of the company, and
took care never to miss an opportunity of promoting its
interests. Like the noble lord, he held 500 shares, be-
sides being insured in the company ; and he should now
be delighted to double his shares. (Hear, hear.)
Mr. KNox moved a vote of thanks to their worthy
and indefatigable secretary, Mr. Bevan, and ob-
served that during the last twelve months the zeal and
energy of that gentleman in promoting the success of the
company had been most untiring. His exertions were
beyond all praise, and could not be too highly valued ;
for however persevering the board of directors might be,
it could do nothing without the assistance of an able
secretary, who was the right hand of the administra-
tion of the company. (Hear, hear.) Mr. Bevan had
displayed wonderful knowledge and activity in establish-
ing country agencies, and to him more than any other
man was due the credit of having brought the company
to maturity. (Hear, hear.)
Mr. POOLE bad very great pleasure in seconding the
motion, and agreed with the mover that the great busi-
ness which the company had done was attributable to
the energy and activity of Mr. Bevan, whose readiness
for work at all times was quite astonishing. (Hear.)
Mr. PRINSEP hoped the meeting would consider that
the motion was seconded by every member of the board.
The services which Mr. Bevan had rendered the company
were certainly most valuable, and not only the directors
but the proprietors and policy-holders owed him a deep
debt of gratitude. (Hear, hear.)
The CHAIRMAN, in putting the motion, said it was
hardly possible to add another word in praise of Mr.
Bevan ; but he yet thought it right to state that he con-

curred most heartily in every—word which had fallen
from his hon. colleagues. (Hear, hear.)
The motion was carried by acclamation, a proprietor
wishing to add, by way of rider, that a bonus of 1501.
should be presented to Mr. Bevan ; but, at the request
of Mr. Bevan himself, the proposal was not perse-
vered in.

Mr. BEVAN was exceedingly obliged to the proprietors
for the kind manner in which they were pleased to ap-
preciate his services, and he declared that this flattering
mark of their esteem and approval would be an addi-
tional inducement for him to go on extending the influ-
ence and operations of the company. (Loud cheers.)
He hoped by this time next year the company would
have doubled, if not quadrupled, its business, but of this
the proprietors might rest satisfied, that it would neither
be his fault nor yet that of the directors, if that result
should not be attained. The interest of the shareholders
was closely looked after by the directors ; so closely, in-
deed, that there was hardly a day in the week which
had not its allotted board or committee meeting, and
no opportunity for furthering the interest of th com-
pany was ever allowed to escape the vigilance of the di-
rectors. (Hear, hear.) Again he thanked the meeting
for the heartiness with which they had recognised his
services, and he assured them that this remark of re-

spect came with the more pleasure now as to-day hap-
pened to be his birthday. (Hear, hear, and laughter.)
This closed the business of the ordinary general meet-

mg. _
Viscount Drumlanrig being compelled to leave to at-
tend his duties at Buckingham Palace on the address
from the Houses of Parliament being presented to her
Majesty, the chair was taken by Mr. Prinsep. The
noble Viscount retired from the room amidst the echoing
cheers of the assembled proprietors.
The advertisement convening the extraordinary meet-
ing was then read, after which,
The CHAIRIIAN reminded the proprietors that they
had now to consider a most important subject, namely,
that of increasing the capital of the company which
was peculiarly a proprietor's question, but at the same
time he was bound to state that the directors thought
it was essential for the interest of the company that they
should be armed with a larger amount of capital than
they could now command. They must either decline the
loan business altogether, or have the means of increasing
it. Well, then, it was proposed to increase the paid-up
capital, by the issue of new shares, in preferencevereo
making calls upon the existing shares as they
of‘ created, for the purposes not of making loans, but
se-
curing to the public a life guarantee fund. (Cheer.).
elolasi
The loan business was not only profitableyi ng. a.r
granted
point of view, but it served to extend the life assurance
connection of the company. The company
from 501. to 500/., and hitherto the applications for loans
had averaged four a-week. Title moaneydae thegeaude u
vrniatt. yesncced
Triwhte
before
securities
amply secured, and repaid quarterly,
med
n
were investigated by
a. bweull t.o'f each
pretty well knew the value
the money was advanced_, in addition to the secu-
rity, the borrower generally insured his life for double,
sometimes treble the amount borrowed, and therefore,
t
after the loan was repaid the company had still the
advantage of the premiums on the policy. (Hear,
hear.) There was very little risk about this descrip-
tion of business ; and, since it was profitable to the com-
pany, and exceedingly beneficial to the shareholders,
he had no hesitation in moving a resolution to double
the amount of capital, and to offer the new shares to the
proprietors of original stock at par up to the 10th June,
1854, after which any remaining will be offered to the
public at premium of not less than 2s. 6d. per share, at
which price, it was stated, transfers of original stock had
taken place.

Mr. KXOX seconded the resolution, and stated that it
was the wish of the directors that these new shares
should be distributed in small numbers of say 25 or 30
over the whole country, so as to increase the connection
of the company. The shares would be offered at par in
the first instance to the agents and existing shareholders,
and then they would be issued to the general public at
the discretion of the directors, leaving them to deter-
mine the number to be so issued, and the premium to
be charged upon them. (Hear.)
The resolution was then put and carried unanimously.
Thanks were then voted to the chairman, and the
.meeting terminated.

DECREASE OF PAIIPERISM.—The number of poor re-
ceiving relief at present in St. Pancras parish, with a
population of 170,000 is in-door 1,476, out of the house
5,511, total 6,987. For the corresponding period last
year the total number was 7,157 ; decrease 170. There
are in the Holborn union at present 613, 'while for the
corrisyondifig period of 1853, the number was 647.
For the last three months the number has been gradually
dtcreafaizig.