The Sun.
London, England, 1847-04-09 00:00:00

"1r E
•
0. 17 022. LON D()N FRIDAY
• -4-
)
_

STATE OF TRADE•

NATIONAL LOAN FUND LIFE ASSU-
RANCE SOCIETY.
OFFICE, 26, CORNHILL, LONDON.
Capital 500,0001. ,
Empowered by Act of Parliament.
The system of Deferred Annuities, originally proposed by the Na-
tional le tan Fund Life Assurance Society, for, the better advance-
meat of the objects of Benefit and Friendly Societies, having received
the approbation of a considerable body cf the active members and
officers of those Institutions, and the Directors of the National Loan
Fund Society having been urgently solicited by them to establish a
Branch Office in connexion with those Societies and the Operative
Classes generally, in which their services might be successfully en-
gaged, a Committee has been sanctioned by the Directors to open
communication with the different Societies, with the view of mere
effectually d sseminating the valuable benefits amongst the indus-
trio-us classes, and a play: has been imposed with that object.
ADDREeS OF THE COMMITTEE.
Many praiseworthy but ineffectual attempts have been made to
bring within the scope and operation of the laws of mortality and
money the savings of the industrious classes, as well as various cal-
culations regulatiwg thei r deAribution, having for their object either
Immediate, contingent, or deferred benefits.
A slight examination, however, will demonstri e that the con-
struction of these associetions or societies is defective; and that in-
stead of affording an easy access and a free choice of investment,
which should be the privilege of every one, they confine too nar-
rowly the channel through which a benefit can alone be secured ;
and, in proportion as their action Is circumscribed and embarrassed,
their utility is imited. For example, it is not to every individual,
or to every class amongst the industrious community, that provision
in case of sickness is an object of such importance as to call for a
pecnniary sacrifice ; wht e to others such a provision appears more
attractiv. , and the loss of employment caused by sickness is a risk
against which they desire to be guarded. For this anomalous state
of things there is an effective and simple remedy ; that is to say,
Instead of covering, by one weekly or annual payment, two or more
contingent or deferred benefits, so to arrange it that each separate
benefit should have its separate contribution.
It is to not having observed this rule, and to the ass:Tiation of
two dissimilar functions, and by confounding a sick allowance and
an annuity fund in one and the self-same payment, that much of the
evils and mismanagement has arisen amongst Benefit Societies.
No mechanism can be so perfect for the management of a sick-
ress-fund provision as that afforded by the constant sectional iseso-
elation and watchfulness of the several members composing it. By
this means a thorough and constant check is ntiutually exercised, and
none but the really sick are likely to become chargeable upon it.
But the sarae perfection, or the same securitT, is seldom attainable
where a fund is to be accumulated throat • a succession of years,
and where results are to bear oat calculi '5, money investment
being in general beyond the experience 14e, . industrious classes.
tor these reasons it is clear that the fa . ed for arprorision in
-iicitnesi should be kept entirely distissat;trobi the fund Intended as a
provision for old age :-
Ist. Because the laws of sickness and mortality, though apparently
connected, do not depend on the same calculation.
2d. Because there are a great number who, in order to secure a
larger provision in old age are willing to take the risk of providing
for probable sickness on themselves.
3d. Because the responsibility of managing a provision for old age,
continued to a distant period is, in a great measure, incompatible
with voluntary associations, fluctuating laws, and individual irre-
sponsibility, and more exposed ti a failure in the performance of
such a contract, that when undertaken on the same principles that
ordinarily govern commercial bodies.
4th. Because the expenses of providing for sickness must, when
welted in the same payment with provision for old age, tend to dimi-
nish still more this provision : nor is it wisdom or good policy to en-
danger the one for the sake of the other.
Impre,sed with these convictions, and with an intimate knowledge
of the discussions passing within the bosom of many of the existing
Friendly and Benefit Societies, the parties whose names are here-
unto attached, have had several meetings, with a view of proposing
or adopting a remedy for these and other evils ; and in this manner
to give an additional force to the principles of brotherhood, unity,
and mutual aid, on which friendly societies are based, by guarding
them from the risks of sudden dissolution.
After much diligent search amon!st the combinations ingeniously
proposed from time to time for the attainment of one of the principal
objects of Friendly and Benefit Societies, they have found none equal
in simplicity and comprehensiveness of design, as well as forethought
and sympathy for the wants of the industrious classes, as the plan.
is
proposed by the National Loan Fund Life Assurance Society. It
true that the author of that plan has furnished an argument against
provision in sickness; but, without concurring in the immediate ex-
pediency of abandoning a provision in sickness, no one can read the
ether pa- t of the plan itself, without being fully sit'isflea that the
conven once and safety of Friendly and leenefit societies will be
greatly secured and consulted, by separating the payment of a sick
allowance from an annuity for old age.
A deputation having waited on the directors of the National Loan
Fund, who met in the handsomest manner the overtures made to
them for the establishment of a separate office for the transactions of
business connected with Friendly and Benefit Societies, and the in-
dustrious clan-es in general, resolations have been entered into, con-
stituting the undersigned as a Committee, with power to add to its
number, for the promulgation of the benefits contained in the an-
nexed prospectu., under the guarantee of the Capital of the Society,
and which, without interfering with the numerous objects connected
wills the institution of Benefit and Friendly Societies, will in their
opinion greatly enlarge their sphere of utility, and afford a protection
to the working classes in old age and adversity, which nothing up to
the present day has adequately secured to them.
Thomas Burthom, P.C.R., Ancient Order of Foresters.
John Fussell, C.lt„ Ancient Order of Foresters.
John H. Gordon, DA, Ancient Order of Foresters.
James Hale, D.C.R., Ancient Order of Foresters.
Henry Hunt, ?.G., 'Manchester Unity of Odd Fellows.
Joseph Nugent, Pro. C.S., Manchester Unity of Odd Fellows.
Joseph Reeks, 8.0. F. Order of Old Friends.
Samuel Timbrell, Ancient Order of Foresters.
DEFERRED ANNUITIES.
Example.—A person aged 24 next birthday, by the annual pay-
ment of 11. us., or quarterly payment of 75., or monthly payments
of Is. 2d., may secure, on attaining the age of 60, the option of re-
ceiving Annuity, 101. 19s. 2d. ; Cash down, 1071. Ss. ; or a Policy
on his Lite, 1371. 17s.
Example.—A person aged 26 next birthday, may secure, on at-
taining the age of GO, an Annuity of 101., with the other options, by
the annual payment of 11.65. 9d., or a single payment of 221.175. 3d.;
or on payment of 61. 14s. 2d. for disparity, he will be entitled to
the same benefits by an annual payment of 18s. I Id., the same as
or age 21.
Example.—A. person aged 30 next birthday, by the annual pay-
meut of 11. 65., or quarterly payment of 75., or monthly payment
of 2s. 2d., may secure in attaining the age of 65, the option of re-
ceiving Annuity, 181. Os. 4d.; cash down, 1481. 125.; or a policy on
his life 1751. 1 is.
Examele.—A person aged 35 next birthday, by the annual pay-
ment of 11. 65., or quarterly payment of Is., or monthly payment
of 2s. 2d., may secure. on attaining the age of 65, the option of re-
ceiving Annuity, 181. Os. 4d. ; cash down, 1481. 125.; or a policy OR
his life, 1751. I Is.

PUBLIC vrio
AUTOBIOGRAPHY OF A NEGRO SLAV 2.
Now ready, in One Volume, post Bvo., price 7s. cloth, with
Frontispiece,
THE LIFE AND ADVENTURES OF
ZAMIIA, an African Negro King, and his experience of
Slavery in South Carolina.
Writ;en by HIMSELF.
London: Smith, Elder, and Co., 65, Cornhill.

MANCHESTER, TUESDAY, APRIL 6.—The m( asures
recently adopted by the Bank of England, and alluded
to in the Guardian of Saturday last, have entirely
changed the tone of our market. The refusal on the
part of the directors to make advandes on the deposit of
Img dated paper in the hands of bill-brokers, having in-
creased the difficulty of discounting or negotiating paper
from hdia, the purchases which were making for that
market have been arrested ; and though prices are
tolerably firm, the demand has been very limited, espe-
cially for yarns, in which the business done has been
xceedingly small. It is understood that some of the
spinners who have been recently working short time are
about to close their mills altogether. Indeed, the recent
advance in the cotton market, unattended by any cor-
responding increase in the prizes of goods and yarn,
places both spinners and manufacturers in a worse con-
dition that at any former period; and unless some fa-
vourable change should speedily take place, a very large
cessation of employment may be expected. At present
there seems no prospect of a decline in the cotton mar-
ket. Indeed, yesterday, there was considerable excite-
ment at Liverpool, in consequence of the arrival of later
news from the United States by way
of Havre; from
which it appears that there had been a decided falling
off in the arrival of cotton at the ports during the week
ending the 10th March. At the close of the preceding
week, the excess of receipts over those of the preceding
year was 58,000 bales; but on the 10th the account stood
thus:—

Just Published, Price Bs. ; with Key, tid.
GERMAN in ONE VOLUME.
C..ntaining:—A Practical Oramn.ar, Exercises, a Reading-
book, and a Vocabulary of 4,500 words, synonymous in German and
English. A Key to the Exercises and Examples on the Expletives
used in German. By F LCK LEBAIIN.
" A book of considerable value tor all German students."—LiterarY
Gazette.
The plan of this book is clear, comprehensive, and practical."—
Atlas.
" We consider this volume to be without any competitor."—Sun.
"It comprehends all that is necessary for well-grounded knowledge
and rapid progress in the study."—Morning Chronicle.
" This is the best German grammar that has yet been pablisbed."—
Morning Post.
Alex. Black, 8, Wellington-street North. Strand.

NEW WORE BY MRS, ELLlS.—March alst,
post Bvo., price 9s.
PREVENTION BETTER THAN CURE ;
or. THE MORAL WANTS OF THE WORLD WE LIVE
[N. l'y the Author of " The Women of England."
Fisher, Son, and Co., Printers and Publishers, Angel-street,
St. Martin's-le-Grand, London.

Now ready, price bs. 6d., the Second Divisloa of
IR ROBERT PEEL: HIS LIFE AND
7 TIMES. By W.Cooks TAYLOR, LL.D. Containing ii Portraits:
Mrs. Peel—Late Sir Richard Arkwrlght—C. P. rimers—Pitt—and
Cann'xig.
Fisher, Son, and Co., Printers and Publishers, Angel-street,
St. Martin's-le-Grand, London.

1847 1,321,204
1846 1,298,189
1845 1,616,713
It therefore appears that the deficiency in the last week's
receipts, as compared with the corresponding week of the
preceding year, was no less than 35,000 bales. The va
riation of a single week seems a rather slender founda-
tion for a revival of speculation; but, in the present sen-
sitive state of the cotton market, very small causes are
,ufficient to produce either an advance or a decline in
prices.
RoesDALE; MortnAT ArikrL 5.--Vie depression in the
flannel market still continues, and the business transacted
in wool has been upon a very limited scale. Some of the
extensive buyers have not attended ; but a few of the
large manufacturers have been purchasing in anticipa-
tion of the Government orders.
HALIFA IC,SATURDAY, APRIL 3. —ln the piece hall to-day,
there was hut a slender attendance of buyers, and few goods
changed hands ; but we understand that there is rather
more doing in the warehouses. There is an improve-
ment in the dema-td for yarn ; and spinners are unwil-
ling to accept contracts for future deliveries, of any
amount, at old prices, though an advance can scarcely
yet be obtained. As to long wool, in super qualities
there is a good demand, with a slight improvement in
price. Low qualities remain as before, though the stock
is coming down in the local markets. Ia short wool
there is no alteration.
LEEDS, Tuesnev, APRIL 6.—There has been a fair
business d iing to day at our cloth halls, and some ex-
tensive purchases were made last week in middle fine
cloth ; so that the improved feeling of our markets in
fully supported. Foreign wools sell easier than for some
Lime past, but prices rule proportionably low. Some ap •
prehen.,ions are en►ertained as to the effect of the last
regulations of the Bank of England concerning the die-
c,iuntino• houses, but it is hoped the discretionary power
of the Beals will not be exercised against bona fide trade
hills, which our merchants have often to draw on such
houses.—Manchester Guardian.

SPLENDID MARRIAGE-DAY OR BIRTII-DAY PRESENT.
THE PEOPLE'S FAMILY BIBLE:
beautifully printed in large type, and profusely illustrated.
Two royal quarto volumes, with 180 Steel Engravings, three large
Maps, a d a Family Register Form, elegantly bound in morocco,
71. 75., now ready.
Fisher, son, and Co., Printers and Publishers, Angel-street,
St. Martin's-le-Grand, London.

BORDEAUX AND CETTE ItAILWAY
CO M PANY.
The Shareholders in the Constituted Bordeaux and Cette Rail-
way Company are informed that the Office Is REMOVED from 31,
Lombard-street, to 6, St. Mildred's court, Poultry; where the
transfer of shares, and other business of the Company, will in future
be conducted, and the holders of Bankers' Receipts In Expeleta's
Company are requested to bring them in without delay, to be ex-
changed for Certificates of Shares in the Constituted Company.
By order,
C. T. MERE, Secretary.
Bordeaux and Cette Railway Office. 6, St. Mildred's-court, London.
London, April 6, 1847.

'LONDON and SOUTH WESTERNLWY.
RAILWAY.
-1-4

The Directors have this morning had their attention called to some
FORGED SCRIP CERTIFICATES of SHARES in the additional
capital created in November last. These Scrip purport to be under
the hands of two of the Directors and the Treasurer of the Company ;
and, so far as the Directors are at present aware, the forged Scrip are
confined to Certificates of one Share each.
The Directors think it right instantly to issue this notice, that
parties dealing in the Scrip may be put on their guard as to the per-
sons by whom, and the circumstances under which, sales may be
offered.
The Directors have satisfaction in noticing that there is every
reason to believe that the forgery has been committed by persons
wholly unconnected with the Company.
Further and the most urgent inquiries will, of course, be prose-
cuted, ~nd holders of the Sce.p des ring information, or abl, to Cam-
municate anything which may aid the Directors, are requested to
communicate with the Treasurer or myself, at this office.

By order of the Directors,
P. L ALT ItEN rz CAMPBELL, Secretary.
Nine Elms Station, April 8, 1847.

TO BRICK AND TILE MAKERS.
r IIHE AINSLIE BRICK .and TILE MACHINE
_IL CO ',IPANY (James Smith, Esq., of Deanston, Chairman).
invite a,tention to their IMPROVED BRICK and TILE MA-
CHINES, which are to be seen at work at Alperton, and at the
Company's office, 193 A, Piccadilly, from Ten A.M. to Five F.M. Mr.
Robert Scrivener, who has been appointed manager in the room of
Mr. ,John Ainslie, will show the Machines at the works at Alperton,
which is within a mile of the Sudbury station of the London and
North-Western Railway, and two miles of the Ealing station of the
Great Western Railway ; also at the Polytechnic Institution, Regent-
street, London.
All communications to be addressed to Mr. William Gordon, Se-
cretary, at the Office of the Company, London, 193 A, Piccadilly.—
April 1, 1847.
These :Machines may also be seen at Mr. Slight's, Leith-walk,
Edinburgh ; Mr. Lawrence Hill, 135, Buchanan-street, Glasgow ;
Mr. Robert Charles, Mill-hill, Leeds; Messrs Finch and Cope,
Penkeridge, Staffordshire ; and Messrs. Drummond and B,...n,Dtiblin.

WHITE CONDUIT HOUSE TAVERN.-
RICHARD ROUSE, with deep gratitude for all past
favours, begs to inform his Frends and the Public, that his
Summer Arrangements for the Reception and Accommodatiox of
large or small DlNl.sfElt PARTIES, are now complete, and most
respectfully solicits a continuation of the hoz.our of their patronage.
The abundant supply and the quality of all dinners provided by R.
Rouse, and his publicly acknowledged superior mode of serving them
up, having given such •en,ral satisfaction to his patrons, he begs to
call the attention of Stewards and Managing Committees of every
public dinner, to the near distance from the 4 'ity, the central and airy
situation, the conveniences and capabilities of the White Conduit
House Tavern, the certainty of cheap conveyances, at all hours, to
every part of the metropolis ; and in the event of unfavourable
weather, more covered ground and premises than any other tavern
in England—advantages certain to insure a more numerous attend-
ance of the friends and supporters of their respective societies, and a
correspeading addition to the funds of their several benevolent and
praiseworthy institutions.

1 RAVESEND STAR and BLACK\VALL
W PACKETS. Boat and Railway included in one Payment,
avoiding the danger and delay of the Pool.
From the Brunswick Wharf, Blackwall, at 9, 10, 11, 12. 1%, 3,
4%, 5%, and 7. Sundays, at 9,9%, 10, 11, 1%, 3,5%, and 7. The
Trains starting one quarter of an hour before each of these times.
New Terrace Pier, Gravesend, at 71{, 13%, 9%, 11%, 1,2, 3,5,
and 6%. Sundays, at 7,7%, PA, 11%, 1,3, 5,6, and 7.
N.13.—N0 other packets call at the Grays or Greenhithe Piers.
Star Office, Gravesend, April 3, 1847.

LIFE ASSURANCE.
Example. —A person at the age of 30 next birthday may secure
the sum of 1001. payable at his death, whenever it may happen, and
also participate in the Annual Division of Profits, by the annual pay-
ment of 2/. Ss. 3d.

Exampte.—A person at the age of 25 next birthday, by the pay-
ment of 4s. per month, or Is. per week, may secure the sum of
1121 ss. payable at his death, whenever it may happen, and like-
wise share in the annual profits of the Society.
F. FERGUSON C kIiROUX, secretary.

BENJAMIN EDGINGTON, Marquee, Tent,
Flag. and Rick Clith Manufacturer, 2, Duke-street, South-
wark, foot of London-bridge. Rick Cloths, with poles, pulleys, and

lines complete.
" No farmer should be without a good rick cloth, for it is certainly
one of the most useful things he can have on his premises."—Gar-
doner's Gazette.
Rick Cloths, both new and secondhand, at a reasonable cost.
Netting, Bunting, and Scrims for fruit trees.
Address, Renjamin Edgington, 2, Duke-street, Southwark. A
warehouse, 208, Piccadilly.

, . , .
4. , .
4.
~N Clrli,
t:..i_kr..,.:42-2,..,,... .
c- .'
. ,
:,.V7::,:.-:;,.;•;.•.."*.-•,-"•-••••• •- • v - ‘.
, -mate Ag:r , ; ...„1---,---, •
~,Ab
, _ ~ ,t. , ,„
- - :,.14..-,,e•it'.;4:‘,. - i
,----- , --, --7> . 1..
~ • r - a - „ „ ,-e 44/15111/. _
• 4... •
.. , • _ !
LN
----, ~ ~. I: , ) ,
?l_c , -Ps i,;,-, -..... z•-•-_,J-, 7 ~ •-- , , -..• • •!. ,C-..1.,.....1-,c,..,. —‘ .-- ~..,,o, , ~- \
--- ' ' •Y: I ~ 4. 1
'i
~,,•'?,.. --Ow"' 1,- --g_4. , ~,...,=-4---).,-7( ,--.......-4.*;ag.4 -
• . + .
i**
kj-V.,,,,,,.%.4; 1, ,W0,',..,4....- ,-- .. , ',V , s;:', 7,....V 1 7•''',.., ' ..... , . ' ` '
, N...
•
~ .z j,.......". ''
7,4,,..
I •,...
..
..... ....
t / ... .. , •
I .•
. I
1 . ..
I , , • .i. .-!-..- ~.S-Z4' •,..'"' .. t'. .
'.'-•„!,1' ~S.-, I,t 4, ---___YZ.... Sr ":. ' -'''' 't X 0; e
,a, 4 ~.,!l
.1. „k,•4 ~,---;> ‘`,.. : 41? ''''' :4--)40, - , •.•••„,„ 0 , ~. , , '''' '4".. .•, , +
.1, \
•
' —. l• 4 ; I -'.-
`,••-.. 11,115- -1, ‘,01.,.. • DIE I ~,,, 'till .•• -'" ..• ,r *..,,, 3A. ' 'l* I) z. () TT ~ ' * 'Ei, ‘, •
______ •
- -- -
.. , _ _ _ __A-..... •