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

111107T-2,M'c 1-1 - '`-ra -aTr''-"T"‘
BENS I 1 re6.leo()l,elleele tel,eeN
s The sixth annual meetieg of the members of the beneeelei t
uepartment of this useful association took place on `la ursday
evening, at the London Tavern, Bishopygete-street.
„aohn Abel Smith, Esq., M.P., the treasurer of the as,ocie.
, took the chair, at six o'clock p;ecisely.
I,..al.a,injoheng,tthsegg,entlemen present we phase veil Thomsen Hen-
Mark Boyd, Esq., James alackilep. I!q..
red &nee, Esq., F.R.S., B. H. Jones, Esq., J. W. %Vetch,
8), W. J. Jordan, E,q., A. Dawson, Esq, S. Netley, Esq..
rms, Esq., W. S. Sawtell, Esq., W. Maitland, E-q.. N‘ W.
"aticfn, Esq., R. Price, Esq., J. C'arke, Esq., J. Lintoit,
Ha
and W. Rennell, E.
Itiliver..Thosess IJII7LLINDIII, the Secretary, having read the
tweed Jots
convening the meeting,
twee' J°llEir, chairman of the boird of managers, pro-
toprucew read the manual report of the state and
af !(_litigS of the institution, to the evident satisfaction
their satisfaction
members present, many of whom testified.
bsatisfaction at the rising prospects of the institution
load applause.
Te
hetih . Port set forth that the manaers had mch satis
• on rin stating that the amount of pagtronage which it had
711 their pleasure to announce at former meetings had not
,_Y been continued to the association, but during the past
•',ar had beeu'increased.
the last annual meeting it had been determined to add
hcoZr.,,Tueorraeoainnuitants to those already elected, and that the
reetiails took the requisite steps for giving publicity to the
such. an intention, and that at a special meeting,
l° on the fah May, at which the treasurer, J. A. Smith,
2,5-9011•Pe Presided, aged clerk was voted an annuity of
thel and a widow of a clerk an annuity of 151., and that on
t4tereelling of the day of election the event was commemo-
• paiZY a.public dinner, at which the Right Hon. the Ear
Peetewenne, President of the Board of Trade, presided, sup-
teen' bY the Right Hon. Lord J. Russell and many of the
gem, eminent merchants and bankers. Above two hundred
.600/ eaten were present, and during the evening upwards of
reaolWaa subscribed in aid of the Benevolent Fund. The
the :era on the present occasion, desirous of carrying out
to thjects "the association to the fullest extent, recommend
deri e meeting that two additional annuitants be elected
the lig the present year, the one to be a member, the other
The of a member.
ethic: had
then enumerated some of the advantages
aad been afforded to members during the past year.
tneet:B*--, In 1846 the sum of 7151. had been lent to
ateecre, in amounts varying from 101. to 251., and many in-
been 0/ Id come before the managers in which such aid had
reedit tae greatest service, and that while the managers had
time resPunded to prey applications, they had at the
.same
rondeavoured to pent such aid being granted to the
eralL vident, and
the board were happy to state that the in-
Zia 'trete generally punctuaay repaid.
coats .tr)tirrits.—The board during the past year had many
statthroe hrought before them showing extreme diatress,
e ft, sickness and other causes, and they were happy to
nee • eVery one had received assistance according to its
minim
rlasA.,
tive of .luwk Boos.—This department had been produc-
could t-•leu good during the past year, as many inembera
, es%
maw •
icAL
gralliiious 'Lull"- —The report alluded to the continued
of the h advice of the medical ,officers in London, and
referees honourable conduct of many of the provincial medical
brethr.' WllO had followed the example ot. their London
this b `ll' The number of new members who had joined
of thiteanch
during the past year was 152, and the income
furid Ives 816/. 18s. 4d.
iltstuaal'rePort then alluded to the annual meeting of the
hen_ Life Assurance branch, held on the 18th January
.loghillud quoted the fact announced at that meeting of the
that iY4Pruclaerous state of this important department, via.,
sums 846 the number of policies issued had been 374, for
1845, mounting to 69,2001., being more than double that of
Year's business was more than double that of
tr,.,1 and that such was the increasing prosperity and
--P•
irts a the life department, that a special meeting had
• taiteneeld the same evening, Jan. 18, for the purpose of oh-
-I,l4)hir`i/P°., wehrict.oh extend the amount to be assured from 5001.
proposition had been unanimously adopted.
had i'.lelaneeesheet showed that the sum of 1,421/. 10s. etas.
had received during the past year for the Benevolent
uponand that after paying all expenses there remained a
f 4751- Os. 8d on the year's account, without infring-
le pe the annual
topesubscritions, which had been applied
alattlinent of gratuities embere, annuities, loans, &c.,
e„_ c purchase of 200!. stock.
Da`ruoe report, after alluding to the continued support and
eeenfage of the treasurer and trustees, concluded with an
the appeal to the members to exert themselves to make
a4r„r:iiscpies and objects of the association as widely known
71‘,1nee and to endeavour to induce others to join.
directors,
B:2siin.r,ip. reposing that the report should be
the-"ela adopted, and .rinted, according to the discretion of
when 1 entered this room, I seas
to • are that 1 was to be honoured by having this [melee
f *Omit to you. I am sure that the satisfaction I feel is
eit -
IWiture
ell person present at the rising nature of this .
isu. speak as a director myself of a life assurance
-lane
40a.0.an! ; and the directors of such company, as far as I am
au," wjudge, have not been favourable to these kinds of in-
eelliana generally speaking. lam proud to hear, and it
be a source of great satisfa.ctian to those connected
with this institution to know, that it is progressing so satisfac-
n• I can say that those parties who preside over it are
rntlernen of knowledge and honour, who will on all occasions
steadily promote those interests necessary to ensure its
sta. nding. Under such auspices the institution cannot despair
°, ultimate success. My duty is to move that the report
Which has just been read be received, adopted, and printed,
according to the discretion of the managers.-( Hear, hear.)
M.T. THOMSON HAMLET, jun., in seconding the motion, said
'-eSir, I have very great pleasure in seconding the resolution
which Mr. Boyd has proposed, and I have greater pleasure in
Whorlma.-ermg the terms in which it was proposed, by a gentleman
I have the happiness to see here for the first time on any
Inch occasion as this meeting. lam sure, from the expres-
Lama that he has used to us, he will continue the sup.
71. end assistance which he has given to us at present upon
occasions. It is well known to a great many friends
vawhhe-a--,..lsee around me, that I have on almost all occasions,
Buds Teals meetings have taken place, attended here, and
i:1-`1% must say, in substance, the observations I have now
thinake• All that I have now to say is, that the condition of
e Institution is very much more satisfactory now than it
"Ita last year. I have had to offer ervation on every
?seasion upon which I have had to stands in this room, and
therefore I will not dwell upon the subject at the present mu-
bleat. I can also say, that when such a report has been
it
n
read to you as has been presented to this meeting,
14 ti.st be a source of great pleasure to you, and
It must also be satisfactory to know, that in every
rear from the commencement of this institution until the
Present moment it has not only greatly, but
.rapidly increased
prosperity. I do not know what milder. term I can
me
in such a case,—but I say again, that it is. a source to
-sa of great satisfaction to know that this institution does
tlnive, and that its prosperity is connected with that goods
e
fte,ing which I believe has existed, and which I believe doe
-Ault, and which I trust 1 shall always find between the
principal of everyhouse and those who carry on the executive
department under him. I think that theLccess of this in-
' .atution is a strong proof that that feeling does exist
London
Where more than in London and among the clerks of Lon«n ,
abtl I think that it is as satisfactory a state of affairs
era one can possibly desire to see. I believe !hat,
Principal of a house must feel how essential!)
Wo is to him and to the welfare of his
re, that the clerks who have the management —so grea.t
.
icultrge and responsibility as the management of the deep
ilta-eilaould feel not only that their principal takes. a t_eoir
b rest in their prosperity, but that they are provided f
the efforts of-that principal, and secured, as tar as practi-
cable; against any unforeseen calamities or events which may
oval every individual, and none more likely than those who
thangg in trade and commerce. It cannot be otherwise
„a Source of great pleasure to every principal to know
eati"ssuis clerks are placed in such a situation ; and it it is
"actory to him, it must be elnally satisfactory to the
ce,rk to ir
le -now, that it is by his own saving, by his own eco-
I aiTY and provident habits, that he has rendered himself
ti 87Pendent against the day of calamity ; and, when the hour
lion ckbe,sa or misfortune shall conic, he will not feel, in midi
hauo.ctnat necessary calamity which miafortune and the
I ti• 0, God inflicts upon him the additional sting of know •-
• that his
own improvidence has injured him, and
laws be conscious that his want of care and
Whichi" have added to those sufferings from
b.a little providence might have released him. It must
dour of to the clerk—to every man—to know, in the
eueuvr. f illneas, that it 'le his own prudence which has
the d
his sufferings, 'and which has rendered him hide-
/Tale of unforeseen calamities, and enabled him to feel that
,lar hand of God shall take him out of the world, his widow
~„;:l.,Vaildren will not suffer so severely as they otherwise
;T?. not only from the loss of the services of the money
'3l he was earning, but from the loss of the assistance et
rt7etbevilin
ef;tanfuyed. That must always be a point of great in-
.`_:ere, to those whose situations place them in the way of
benefit from such an institution as this. Gen-
etusen, I have to apologise for again intruding my opinion
stoat opinion which I hve so often given, and which I hope
ie liovelyto:i;:e a and again upon similar occasions.—
C 8
heera•) For my friend on my le.tt (Mr. J. A. Smith ), I
n
th as long a s he is able to Ai.e
'services which at
he has so essentially renderederform thee
to this
itiatitution, so long will be render them, and his
ample will induce others to follow in his
s that example, and give to the institution that assistance
which he has done. I can only say that, as long as the in-
stitution exists, so long, if I am able, lehall be happy to take
Illy part in anything which can be of. service to it. I again
Vologise for trespassing upon your time, and, in conclusion,
Shall thank you for your attention to those remarks which
have made in seconding this resolution.—(Cheers.)
The CHAIRMAN then said—lt has been moved by Mr.
°PI, and seconded by Mr. Hankey, that the report whi..ll
has been read should be received, adopted, and printed at
ther discretion of the managers. Before going through the
louremofti.hat resoution I am anxious to say one word with
reference to that report. I shall confine myself solely to the
question
of accounts, which are the soul of all business and
the secret of all prosperity and advancement. Anybody look
;nognaidaetthgese accounts cursorily, without thoroughly
rin
Instiu; the objects and views of the funds of this
eree -am, would think it very unfair oo seeing so
1),." a portion of the annual expenses of both
~,;,atiches of this institution borne by the benevolent fund—
InTch bears about a half, or very nearly so. My object in al-
ding to this subject is because. I feel it vital to the advance
hi!ut. and involves so completely the principles, of this este-
treitehillenr, that it was necessary to take the liberty to
birrasa upon your attention with a very few words iu
.ex-
ie-ilation• It would be most unfair and improper, as I think,
fu 4d,
the weight of these expenses upon tee ee de benent
4d, if it were not that the benevolent fund has the greetest
possible interest in the success of the benefit fund. A cer-
eetn_n portion of the profit derived from the benefit departineet
I^nent to create the benevolent fund,the effect of which will be,
'1.04 great degree, to save the finances of the benevolent fund
being called upon. It is on this principle thst I hope
e.°_are to continue. It was because it was to create a. pe:(-1
rwent life interest that the benefit fund was established
trhain the benevolent fund. It was called early in its infancy
it Lse,elit fund, but meaning, in fact, a life derived
frere'7 ar that, in a great measure, success must be
the-e,;,,ts It must be obvious to any person inquiring into
apon"uJect, at first sight, that this benefit fund was framed
and earaPrineiPle of self-support. It will support itself shortly,
te 11 that time it is the interest of the benevolent fund
contribute liberally and fairly to its expenses. Wliethet
l'jtio notvr I have succeeded in making myself clear Ido not
one ' but I know that if I have dune so, that there's not
tlaieegentleanan present who will not concur with me in
es .iung that the managers have used a wise and solid
etlon
etev.„...aiar.do
themaking the benevolent fund pay as it has done
expenses of the benefit fund. With the view of
07,,X: in jog that I have taken the liberty of expressing my
whetl'lletewB and feelings upon the subject, and I now ask
th,_ _ r any gentleman has any observations to make upon
I;irreport before I put it to the meeting?
aereati°_ 3310241) LEWIS said—l do not rise to make any ob-
euve an in objection to the report, the contents of which
un-r In given me great satisfaction. After the very able ntan-
re other speakers have proposed and seconded the
tritl;rrs I shall intrude upon your attention for a very short
r.,,„'„ An alteration has taken place in the last twelve
'."111 in Vas :tiles of the institution, which, during the last