The Sun.
London, England, 1849-09-05 00:00:00

IRELAND
To THE RIGHT HON. LORD JOHN .RUSSELL, ALP., &c.
LETTER 11.
My Lord,— I stated in my last " that the surplus
Yells and profits should be divided every ten 3 ears' "
but I should have added until the 70th year had
elapsed, when such division should be annual.
No teas, nable person would require that the exact
benefit a shareholder would receive should be stated,
but is not difficult to make a fair estimate, and with
the view of doing so in the most intelligible mode, I
Will suppose class A, instead of being filled by shares
of different values, to be divided into 10,000 shares of
1001. each.
Looking at the present condition of the land, and
.its certain increased value after it had been improved,
trust your Lordship will concur with me in think-
ing that five per cent. is a very moderate estimate on
Which to found calculations of the probable advantage
to the subscribers.
Five per cent upon class A would :be 50,0001. per
annum, and supposing the annual interest of this sum
sufficient to cover the expenses of management, the
decennial division would be 500,0001. net.
It is, of course, impossible to say exactly what
number of lives would reap the benefit of this decen-
nial divisor' at each period; but by a table now before
ale, the accuracy of which can be tested by a refer-
eflee to the insurance tables, the following would not
be far from the result
At the end of 20 years, the proprietor of every existing life
would have received 10 per cent.
more than the original sum of his
subscription.
70 „ the proprietor of every surviving life
would have received £1,144
80 „ the proprietor of every surviving life
would have received
84 „ the proprietor of every surviving life
would have received £5,479
And the next year would have an
estate worth 1,0001. per annum.
Surely, this is a sufficient inducement, not for men
like , at'd dozens besides who have not yet
beep detected, and who never enter into such under-
takings except with the view of plundering the public,
but for men with children or relatives for whom they
are desirous of providing, and who can spare 1001., or
Sot, or 251., or even 121. 103 —for each of which
sums they would receive a proportionate benefit.
Do quietly compare this mode of introducing the
necessary capital into Ireland with any yet proposed,
,9)r I feel confident that the result should be its adop-
"4, This comparison I will undertake in a subse-
t !11lent letter; but if you should approve of the plan,
'lnept it, and pursue a course similar to this.
Suggest to her Most Gracious Majesty the expe-
diency
of permitting the tontine to be called " The
Victoria Tontine," taking the first share for the Earl
,of. Dublin, and one for each of her other pets. Ask
ma Royal Highness Prince Albert to become the
Patron, the Earl of Clarendon, the Duke of Leinster,
and Lord John Russell to be trustees. Request Sa-
rnuel James Loyd (whose currency doctrines I
believe most pernicious), as good a man as breathes,
to become the managing director, and let him choose
half .a-dozen other City men as like himself as pos-
sible. Let the following appear in the London Ga-
zette, dated Balmoral:—
THE VICTORIA TONTINE FOR THE BENEFIT
OF IRELAND.
PATRON.
His Royal Highness Prince Albert.
TRUSTEES.
The Lord Lieutenant Earl Clarendon.
The Duke of Leinster.
The Lord John Russell.
DIRECTORS.
Samuel Jones Loyd, with those he may appoint.'
Letthe the above appear heading such a statement as
e directors would propose, and within a month
411111! & would be filled, and there would be a
TAn of money for the purchase of land, and for
Providing profitable employment for the people.
ay Suggestions occur to my mind, with which
n:aswepfriltie
otantrouble your Lordship at present. A most
qua One would be allowing proprietors of half, and
d eighth shares, who possessed sufficient
~ I al' to become tenants of land of that annual
,alg ;
en,,.and in the event of their nominees being
I.tled to a prize, let them take the farm which they
had rented as their share.
Such persons would then, in addition to the
ordina
rY inducements of a tenant, have those of a
Prospective proprietor to make his improvements of a
termanent character, and cultivate his land in the
es
permanent
Possible manner, the only mode of providing
employment for the Irish peasantry.
That would be the colonization of a statesman. Sir
Robert Peel's was the proposal of an empiric—first
Protesting he would not prescribe until regularly
Called in, and he had received his consideration, then
thrusting his placards, interlarded with great names,
Lnto the hands of every passenger—a political Dr.
'4otrison.—l have the honour to remain,
Your Lordship's most obedient servant,
Corwar, Sept. 4, 1849. RIGBY WASON.

IRELAND.
DUBLIN, SEPT. 4.
We regret to state that the cholera, which had to a
considerable extent subsided during the past wk ek, has
aeain broken out amongst us here with increased malig-
Tl'Y• At an early hour on Monday morning, Maj
urner, Master of the Horse to the Lord-Lieutenant,
attacked with the disease, which terminated fatally
alter a few hours. Major Tut ner was in attendance on
tintls Excellency on Sunday, and as one of the officers of
e Viceregal Household, attended Divine service in
e C little chapel.
,I)EA.TII OF WN. MURPHY, &Ca —Mr. William Mar-
tnY, the wealthiest and most eminent of our merchants,
the
attacked some days ago with cholera, and although
ne orst symptoms ot. the disease had yielded to medi-
cal tr
eminent, he rfmained in a very precarious state
h Sunday evening, when he gradually sunk under ex-
lietlt.:tne4Allr. Murphy was for many years identified with
thin party. and took an active and influential part
political conflicts of the day. Hs was a Catholic
Caliginn, and as such became an active Member of the
o!ic.Association, :lad subsequently of the " General
i"sociatton of Ireland." He hid the repution of being
Lint,
his 4y rich while living, and now that he is dead,
Wealth has been estimated at nearly half a million.
f„,t, Nrtr- STREET, POLICE-OFFICE, YESTERDAY.—Atter
pittiT investigation of the charge, brought against Mrs.
Cr 'of absconding with 1.8001., the property of the
dltors of her bankrupt husband, Doctor Kelly, the
sidingPteb,
h magistrate, ordered the prisoner to be dis-
„ edged, on the ground that no case of felony be
been
f", e °nt rgainst her. Mrs. Wall, however, had scarcely
fet "Jo police-office when she was arrested by a bailiff
OM the Bankruptcy Court.

qq; -t'"CHESTER TRADE REPORT.—There was a
tun'tr market yesterday than there hart been for some
to-" ast, and on the whole hut little business has been
%through during the
operations has had an influence in check-
g ''Xtensive transactions for the home market. The
co
iminued firmness in the raw material market is also
ttil_
tut.' oPerating as an extensive check, both to manufac-
to errs and buyers. None but those who are compelled
-eillace stock or to complete positive orders, are at
the'ent doing nay thing in the market. There is not
th,art buoyancy in the home trade which it was expected
e would be. Heavy goods, though nut so much de-
IS.(i4ed as some time ago, are still heavy on the market.
d tt'rs keep actively engaged. There has been consi-
derable fluctuation in the prices, but on the whole they
'e Yet exceedingly firm.
On Monday a concert was given at the organ
"-istanuFactory of Messrs. Bevington and Sons, 48, Greek-
req, Soho- square, for the purpose of displaying the
!!inahilities of a splendid new organ built by the Messrs.
Bevington, for the Music Hall, Nottingham. A numer-
-2," company, who had beet, favoured with private in-
Titations from the talented manufacturers of the instru-
//lent. availed themselves of the entertainm, ut so kindly
Provided for them; and a variety of selections from the
Compositions of alosArt, Beethoven, Handel, and other
great masters of song. were performed on the occasion by
Mr. E. J. Hopkins on the organ. The trial proved a very
aluxessful one ; and the and itory,including several excellent
judge's of musical instruments of this description, evinced
the highest approbation at the richness of tone and
e power of the organ, the introduction of which into
l'''ldttinzh must constitute a new epoch in the musical
history-orn that important borough. Some slight idea of
the initrument way be gathered by tho,o versed in such
tatters from the fact that the total number of pipes in
the great, swell, choir, and the pedal organs of the
instrument is no fewer than 2.309; and there are 10
ec4nPosition pedals to shift the stops by the feet; and
couplia,,,, movements to e,,nnect the 4 organs together.
rr
sale,
Case designed by the builder, is 27ft. high, 18ft.
-t1(le, 16 feet deep and is constructed in the Grecian
1111:3:;', being adorned with four elegant lonic columns in
f,„.errT SEwEits COMMI:SION.—The annual holiday
th— one month, of the Commi,sioners appointed to carry
h t:i 1' City of Loudon Sewers Act" into operation
-tvn,F now terminated. Mr. Daw, the principal clerk,
h,,je,'""d yesterday at the Council Chamber in ihe Guild-
-1:". for the purpose of filling up the summons °s calling
t"1 the Commissioners to attend for the dispatch of
o:Lness on Tues Any next. During the rece:s the sani-
-47 work of t'oe comini,sion has been transacted by the
11,,,Avd of Health the inspectors and police having acted
this Period,
the directi'on of the medical officer. Perhaps at
th Period, jut before the reiumptien of the sitting of
4,eornmissioners for the ensuing year, it may be as
' to inform the public of the fact, that in case of any
n'Pltint being made as to inefficient drainage, or the
hif of attention on the part of any officer of the court,
,10Qt all applications may be addressed in writing ice,
DaW, ~ the principal ceik, Sewers-office,
the.4hall, or the same may Ise made to the inspectors dot
*cveral districts throughout the City. In all such
a: the complaints are investigated, without delay,
to orders given for the removal of the same, according
e Provision of the Act of Parliament, intituled the
,-Ity of London Sewers Act, 1848."
weii4 U. Powell, the famous steeple-chase rider, so
Known in the sporting circle of Cheltenham, was
dij.ught before the magistrates of Plymouth, on Tues.
o.°ll a charge of felony pre‘erred against him by a
ptain 11. Hayes. The accu,ation arose nut of a betting
Wh, 'action which had taken place the previous evening,
h Mr-P
ww'
hit(' fairly loln. pocketed five pounds wtich he alleged
oeno,This !rumpery case occupied the
Jo some hours, and is report, din the Plymouth
11, ;;noel at three columns length! The magistrates re-
-444
adjudicate, and very wisely dismissed the owe.