The Sun.
London, England, 1847-02-26 00:00:00

PROVIDENT T CLERKS' MUTUAL
BENEFIT ASSOCIATION AN!) BENEVOLa.NT
FUND.
The sixth annual meeting of the members of the benevolent
department of this useful association took place on Thursday
Bening, at the Lor.don Tavern, Bishopsgate-street.
IL, °ha Abel Smith, Esq., M.P., the treasurer of the associa-
took the chair, at six o'clock precisely.
";1110ag the gentlemen present we observed Thomson Han-
' JIM, Esq., Mark Boyd, Esq., James Mackidop. Esq.,
tied Smee, Esq., F.R.S., R. H. Jones, Esq., J. W. Welch,
W. J. Jordan; Esq.. A. Dawson, Esq., S. Notley, Esq.,
G. epl33, Esq., W. S. Sawtell, Esq., W. Maitland, Esq., W.
I,.:k.uusen
W. Rennell,
R. Price, Esq., J. Clarke, Esq., J. Lintott,
and W. Rennell, Esq.
• .TROAtas MULLINDER, the Secretary, having read the
irisernent convening the meeting,
ate% J?".-a, chairman of the board of managers, pro-
p..„ .0 read the annual report of the state and
of of the institution, to the evident satisfaction.
Neu satisfaction
members present, many of whom testified
hbu* satisfaction at the rising prospects of the institution
-"'l.l°elld applause.
fa,.`,.0 report set forth that the managers had much satis-
-1;.'.4aal in stating that the amount of patronage which it had
ozu,
been
pleasure to announce at former meetings had not
3.4 ran continued to the association, but during the past
4 been increased.
tso he last annual meeting it had been determined to add
board took
annuitants to those already elected, and that the
rott;',lnek the requisite steps for giving publicity to
.the
laievrs of such an intention, and that at a special meeting,
p. 4 00 the 6th May, at which the treasurer, J. A. Smith,
preside4,,an aged clerk was voted an annuity of
tlll.'d'o a widow of a clerk an annuity of 15/., and that on
tote`uv:Oing of the day of election the event was commemo-
of ,"3' a. public dinner, at which the Right lion. the Ear
pottet'llousie, President of the Board of Trade, presided, up'
roost'' by the Right Hon. Lord J. Russell and many of the
Opeminent merchants and bankers. Above two hundred
61)ot "men were present, and during the evening upwards of
• was subscribed in aid of the Benevolent Fund. The
tqlgers on the present occasion, desirous of carrying out
to Jests of the association to the fullest extent, recommend
db,:w4 meeting that two additional annuitants be elected
fit:4 the present year, the one to be a member, the other
's,"l(l°W of a member.
wii'M report then enumerated some of the advantages
4. had been afforded to members during the past year.
tasalia."-In 1846 the sum of 715/. had been lent
.to
Rea hers in amouuts varying from 101. to 251., and many in-
atteea had come before the managers in which such aid had
Istaii°!the greatest service, and that while the managers had
time: Aretponded to the applications, they had at the ;same
ittpro;ll;u..eavoured to prevent such aid being granted to the
ateb,,-"oent, and the board were happy to state that the in-
n-41ns Were generally punctualy repaid.
rates ThtTITIr-a•—The board during the past year had many
throi,a"rOught before them showing extreme distress,
stato,' sickness and other causes, and they were happy to
laa._''st every one had received assistance according to its
iessities.
titerilin OWN BOOK.—This department bad been produc-
toultj tearr 'such good during the past year, as many members
• kr, 13.
gratubleaL ADVICE.—The report alluded to the continued
of ,uus advice of the medical officers in London, and
Nero umourable conduct of many of the provincial medical
stets Who had followed the example of their London
Nab-p.n. The number of new membrrs who had joined
tai.-beh during the past year was 152, and the income
lc fund was 816/. 18s. 4d.
istrePort then alluded to the annual meeting of the
11444anidLitse Assurance branch, held on the 18th January
quoted the fact announced at that meeting of the
that („Prosperous state of this important department, via.,
latos-- 1846 the number of policies issued had been 374, for
1845,knounting to 69,200'., being more than double that of
1844, Which year's business was more than double that of
ptosLand that such was the increasing prosperity and
44.47t,a of the life department, that a special meeting had
e'd the same evening, Jan. 18, for the purpose of 0b-
„,t01,41)°, wer to extend the arnouut to be assured from 500/.
the Ca which proposition bad been unanimously adopted.
• hl.7ance-sheet showed that the sum of 1,421/. 10s. 6d.
ssiai'vi received during the past year for the Benevolent
altspi., i
' Sod that after paying all expenses there remained a
!og Whin of 475/. Os. 8d on the year's account, without nfring-
IttpaP°. II the annual subscriptions, which had been applied
4111tItilebt of gratuities to members, annuities, loans, &c.,
The c Purchase of 2001. stock.
Pttton report, after alluding to the continued support and
tileo stroZsge of the treasurer and trustees, concluded with an
4PPeal to the members to exert themselves to make
• Principles and objects of the association as widely known
lea'bie, and to endeavour to induce others to join.
at ,
"esiy.,,`aak boan, in proposing that the report. should. be
the directors,
adopted. and printed, according to the discretion of
Sot a-fectors, said—Sir, when I entered this room, I was
to --are
I A that I was to be honoured by having this motion
feltl;:init to you. I am sure that the satisfaction I feel is
cstliatantlaenv.erY person present at the rising nature of this in-
I speak as a director myself of a life assurance
4bler,"alk and the directors of such company, as far as I am
ttitoi'.°Juage, have not been favourable to these kinds of in-
raostlujis generally speaking. I am proud to hear, and it
with a source of great satisfaction to those connected
tali! this institution to know, that it is progressing so satisfac-
aohd• can say that those parties who preside over it are
int
,enieri of knowledge and honeur.,nw4eossawirlyl ontoall occasions
I,,sully promote those interests
air
„7 its
llding. Under such auspices the institution cannoten
ultimate success. My duty is move
adopted,that the report
.ted
sduresep
Which has just been read be receivteed
recording to the discretion of the managers.-(Haenar,-hneanr.)
Mr.
- T 1103ISON HANKET,kin., in seconding the motion, said
fir, I have very great pleasure in seconding the resolution
hulch Mr. Boyd has proposed, and I have greater pleasure in
wering the terms in which it was proposed, by a gentleman
ah..ani I have the happiness to see here for the first time on any
--s'i•.n occasion as this meeting. lam sure, from the expres-
s that he has used to us, he will continue the sup.
li:tand assistance which he has given to us at present upon
Wititture occasions. It is well known to a great many friends.
*4141 see around me, that I have on almost all occasions,
144 T"e meetings have taken place, attended here, and
to say, in substance, the observations I baye. now
R
hir. All that I have now to say is, that the condition of
titution is very much more satisfactory now than it
ess,sZet Sear. I have had to offer this observation on every_
them) upon which I have had to stand in this room, and
rastit. 11 will not dwell upon the subject at the present an-
Lead t also say! that when such a report has been
must j,,,"t1 as has been presented to this meeting, it
ratts-t- source of great pleasure to you, andr
Lear front be be satisfactory to know, that in every e y
'e commencement of this institution untilthe
pros -unient it has not only greatly, but rapidly increased
apply 4PPIy inPPtY. I do not know what milder
blips great
a aasat I say again, that it is
o wan satisfaction to know that this institution _
.taers7urcdeotoos
sad that its p p prosperity is connected with that good
_slist; wnahich, beli nhs- erl
existed and which I believe does
ciaaar,,,nich leNterusast Ishall, always find between the.
,Parin,'-'"' every house and those who carry on the executive
Zltic,-„elt under him. I think that the success of this
"Ilea:- is a strong Proof that that feeling does exist no.
tad imore than in Loudon and among the clerks of Londoars,
atn„think that it is as satisfactory a state of affairs
Lett °O.o can possibly desire to see. I believe v
Zlellatri'enc!pal. of a house must feel how essentiall,
t it is to him and to the welfare of his
char hat the clerks who have the management—so great
kkets.Aheoanuud responsibility as the
.mana.ge.ment of the busi-
Lerftt . .4 feel not only that their principal takes. a deep
h, 1.11 their prospe 't but that they are provided fo.r
table.e°°rts of that prriinyCipal, and secured, as far as preen-
Ihfol e'vgeainst any unforeseen calamities or events which may
than
es„ rY individual and none more likely than those who
'tan it'a.,,ged in trade and' commerce. It cannot be otherwiseow
asta hruarce of great pleasure to every principal to kr_it
is
satisf,4 t4rks are placed in such a situation ; and if
'tierit know, t° him, it must be equally satisfactory to
etch:
Listay a pow, that it is by his own saving, by lus owpinself
alskull,p Provident habits, that he has rendered himself
°f sick dent against the day of calamity ; and, when thel hour.
iletioeadterlteSsh..oramisfortune shall. conwie,ihoie:will not feel, in addi-
b misfortune and the
ink of ecessary calamity
ti; ut°d inflicts upon him the additional sting of know:.
/vlll
a•
ott Own i providence has injured him, and
1.70: :areelti tt t u(!_iipvrceooovei_aseionius that his want of care and
added to
everythose sufferings from
ht hve released him. It. must
sikurv, of illialst,
thatthe ika—hioaown man—to know, in the
prudence which has
1/ttidleauttla his sufferings, 'and which has rendered him the at of unforeseen calamities, and enabled him to feelthat
• sb,lll,,rial God shall take him out of the world, his widow
"(add • "ren will not suffer so severely as they otherwise
wh, not onl f
Cell he rom the loss of the services of the money
tlbenefi.:l3 earning, but from the loss of the assistance. of
rZvet to t,und. That must always be a point of great in-
imAivin ion whose situations place them in the way of
lelneil 6 asst benefit from such an as this. Gen-
,) in harY e
to apologise for againinstitution intruding my opinion
° Luton which I hve so often given, and which I hope
(Che'o give again and again upon similar occasions.—
!talro-o'lek) Fothatr my friendlong as he on my left (Mr. J. A. Smith I
San as is able to perform hoset
'Astjt-',,,: hi
so long will hech he has so essentiallrender y ren
them,dered tond this
~mitt onhis
, a
r'e, will induce others to follow in his
thu aa an humble individual I shall be happy to follow
”Ille,-taMple, and give to the institution that assistance
litittul he has done. I can only say that, as long as the in-
o',,'°n exists, so long, if I am able, I.shall be happy to take
Ii001;fit in anything which can be of service to it. I again
; shore for trespassing upon your time, and, in conclusion,
Nape thank you for your attention to those remarks which
The Made in seconding this resolution.—(Cheers.)
has
Citaanatax then said—lt has been moved by Mr.
uts b' and seconded by Mr. Mulkey, that the report which
drn read should be received, adopted, and printed at
fork
~s,t,'retion of the managers. Before going through the
refers that resoution I am anxious to say one word with
lineatijo to that report. I shall confine myself solely to the
!he moor% af accounts, which are the soul of all business and
.ing at t" all prosperity and advancement. Anybody look
these accounts cursorily, without thoroughly
itittantr•lng the objects and views of the funds of this
otrgo
k ~Ull, would think it very unfair on seeing so
'reach: Portion of the annual expenses of both
Odinof this institution borne by the benevolent fu.nd-
-411 about a half, or very nearly so. My object in al-
taaat,gato.
blishal inVOlvee so
WS subject is because I feel it vital to the advance
completely the principles, of this esta-
tresp,,,t, that it was necessary to take the liberty to
platiet7' upon your attention with a very few words in ex-
to threttm• It would be most unfair and improper, as I think,
tart. ' the weight of these expenses upon tl.e benevolent
Nmle it were nt that the benevolent fund has th greatest
taan o: interest ion
the success of the benefit funde . A cer-
/teisrrtion of the pre& derived from the benefit department
la 4 I.° Create the benevolent fund, the effect of which will be,
fruragle:rndegree, to save the finances of the benevolent fund
to are to g called upon. It is on this principle that I hope
.---4,,,,„.continue. It was because it was to create a. per-
Rota life interest that the benefit fund was established
the the benevolent fund. It was called early in its infancy
It bin, uafit fund, but mead fact a life insurance; and
ttoo`itar Illtiatat, in
.a great. iningea'sul're, success must.
e soh. tad oe obvious to any per,,on thqui.ing into
tipou aJeat, at first sight, that this benefit fund seas framed
until of self-support. It will support itself shortly,
to „„..`Lri, that time it is the interest of the benevolent fund
or ~'-'aatt_thute liberally and fairly to its expenses. Whethet
have succseded in making myself clear I do not
ea7w but I know that if I have ckne so, that there's. not. '
.t gentlern
‘airiltio an present who will not concur with me in
teore_tien gnthmatkt.he managers have used a wise and. solid dis-
ward, rhe a log the benevolent fund pay as it has done
expla;_, expenses of the benefit fund. With the view of
own `,,,"ang that I have taken the liberty of expressing my
ashoti;rra and feelings upon the subject, and I now ask
this ter any gentleman has any observations to make upon
Attel t before I put it to the meeting?
aerratio`":lol,lD Limit; said—l do not rise to make any ob-
have objection to the report, the contents of which
ter me great satisfaction. After the very able man-
r,,,,,raaueli other speaker, have proposed •-ecorni*;(l 11r, *tn.' !here
Intrude upm, our qtte,ltion for a Ntry :=Liort
ticCith. tia alteration has tiken place in the last twelve
la the rules of the institution, which, during thew
last