The Sun.
London, England, 1847-01-19 00:00:00

SUN LONDON TUESDAY EVENING, JANUARY l9, 1847

the committee..
. . .
Mr. THOMAS said hid net, say that the policy was hot
paid, but that the coriduct of the Secretary, if -persistedjn,
would be not only fctund improper, but unsafe. - He- should
like nothing better than the appointment of the committee
suggested. Such an inquiry was quite in unison with -his
wishes, but he would suggest that the chairman should act
as the sole arbitrator in the matter. -
The CHAIRMAN declined the. henonis ' - -
Mr. J. J. IseirX said, althOugh he had net the slightest
doubt but that the suggestion of the chairman was made
with the view of saving time, and with the very kindest in-el
tentions, yet he thought those present were of opinion that
there, were Rothe specific charges that had heen-made which
ought to be met with the most prompt refutation. -He
would not .deny that Mr. Thomas had zealously devoted him-
self to promote the interests of the institution—(Hear)—
and therefore, when differences unf
itsrtunatelymembers, occurred -be-
tween the head of the board , and. that they
should be settled within the precincts of the board-room, and
they should' be adjusted in mutual kindness and -forbear-
ance.—(Hearshear.), was bound to state that •the
board had paid all ;due attention to Mr. Thomas's -obe
servatioris, who,. in their
,anxiety to promote the inte-
rests of the institution, could • not yield to --hint ; and,
after anxious deliberation with respect to bis resignation,
they had ordered an official reply accepting his offer, but they
had not- felt it-consonant with their duty to accompany that
reply with- any expressions of regret. The statement of-Mr.
Thomas, to the great surprise of the .managers,hadiresolved
itself into an attack on their secretary; he had, however, no.,
objection whatever to rise at once and to defend that most
indefatigable servant of the institution.—(Loud cheers.) He -
would not stop to defend the members Of the board, but he
thought he Might venture on their indulgence whilst he
to clear him from the aspersions which had been.
cast upon him.—(Cheers.) Mr. Thomas had commenced by
stating that t,e secretary had attempted tnresist -the pay-
ment of a policy, and that he had been in consequence-dis
gusted. Undoubtedly the secretary had no power /o resist
such a payment, bat, it was unquestionably his 'fluty:to peint•
Out any flaws or imperfections, and having done that, it thee"
became the province of the board to decide upon_the matter.—,
(Hear, hear.), ore than this the secretary had - not.
done—("Hear, hear," and cheers)—lees than this they must-,
acknowledge he ought not to have done-(Loud cheers.)-
Mr. Thoreas commenced by insuring his life fier 300/., which"
was the qualification necessary for a seat at the board.
was done *hen he was engaged in organizing the insurance,
department. Some time after he applied to have his policy-
increased 2001. More, but he refused to submit to the neces-
sary medical examination.—(Cries of " Oh, al") - -
Mr. Tnostes said that was hicorrect.
Mn hither said, that was the fact, and there were. two me-.
dieal gentlemen 'present to corroborate the statement. flays
ing refused to submitto -'an 'examination, be afterwards did
consent, but he was then declined—(Laughter)—and in the'
,presence of the board,.'and sitting in its capacity as its chair-
-man he tore his Own proposal into fragments:
• Mr. Thames said it was quite true. • •
Mr. Ismaie proceeded. This occurred on the 4th of -February
last year,- and in' en days after -the scene to which he (Mr.
Thomas) had referred in the outset' occurred. On the 14th of
February, when Mr. Thomas was in the board-roonsi at which
the deputy-chairraan (Mr.-Jones) was present, the case, of a
young gentleman, aged eighteen, who had died, came
under considerations He had insured with - the- so-
ciety at the age of sixteen for one hundred pounds.
On that occasion Dr. Mullinder simply discharged a -dutr
'Which was extreinelynatural, and which it would -not have
been right if he had neglected.. He intimated that there was
something like-coneealment during the medical examination,
and the suspicion was not a very chimerical - one, as one of
the young man's brothers died at the same early age of- con-
sumption twb years afteis He believed Dr. Mulllnder had,
received the rudiments of a medical education, arid he was
_in constant communication- with the medical officers, and did
thereby great service to the institution.—(Cheers.) A..boOk
was kept called the ieSelentific Memoranda," in which the
medical gentlemen made private memoranda with respect to
the several cases which came under their cognizance. It was
strictly private and -confidential, as aueli a book should ben,
and was confidedrby them to the card. of. thesecretat y, who
referred to it ip giving the statement with respect to the
policy of this consumptive young man, and upon that Mr.
Thomas insisted upon having the book in his possession and
examining its contents. ,He stated in reply: that it was it
professional book; and consequently strictly. confidential, and
that he could not consent to part with it without the consent &
the medical officers. t -The contents of the book. were only of
a nature for the perusal. of professional men ; nevertheless—he
was ashamed -to be obliged to state it, and he-would not
have done so but for the acrimonious attack which had been
made on the secretary—Mr. Thomas made use of his physical.
strength to wrest ',the book from Dr. Mullinder.— (Cries of
"Oh, oh," and "Shame.") They could express no other
opinion of, such conduct. Since that period Mr. Thomas had
been the avowed enemy id Dr. Mullinder, but the Weed
considered that the secretaryperformed his duty, and was an-
excellent servant- to.-the 'institution, and, they would not
truckle to their chairman and follow his example.-- (Bear.)
They inquired into the charges thus made against him in
respect of this particular matter, and the result was that he.
passed through Ile ereieal,in a most satisfactory manner to'
the board.—(Cheers.) No doubt, labouring under such pro-
vocation, Dr. Mulltnder aid speak and act warmly, butwhen
Mr. Thomas complained of his conduct to the board, he spon-
taneously withdrew and wrote a courteous apology, but -no re-
ply had up to that time been received from Mr. Thomas.
The charges against, the board he would not answer, bee_
cause none of . its members were second to Mr. Thoffias
their exertions on behalf of the institution. 11 he Wished:
to call clap-trap to his aid, he. might say, that during the
last year, in the course of which Ir. Thomas had been re-
peatedly invited to. resume his seat at the board,-but which
tie had refused to do on account of the failure of leis charges,
whilst- his attendances had amounted- to zero, and his en-
deavours to obtain a permanent salary had beensalmost in-
terminable whilst connected with the management, the
business of the institution had more than doubled.—(Cheers.) •
Mr. THOMAS said there were many very plausible speeches
chlivered which told less for the speaker than the person
as-
saulted. The first point to which the
gentleman Wilo hid laSt
spoken adverted was the business ofthe associationwhich had
increased in a greater degree within the last year than-it had
for the four years previous. He wouldremind the meeting that
in those tour years he had done nearly all thelvork ; he could
show that the attendance on-the part of the Othik mabagele
had been very remiss, for while he himse)fi gave 1,400 at-
tendances,-bome of the gentlemen sittingat:the board did not
itthewascorna nmiitntneteedthciantesiuiesnualiy.
give above 50 or .100. In fact,, in. the year • 1844,
whethersat theywas sleßbOuldT7oalolia-
the insurance business, and ho (Mr. Thomas) then suggested
theirbethatrs a st
meetinggi lattib ne,
aiofns
:netrh-de:elr,
ttruslnf
rtteheneelayi
7wwtasobuenedapirl*
nedunpit
sat
fhnnii
itbtbr ane m
wascwthehdii
ntaeohlf
,terrnined to have as public . meeting, which-was-afterwards
followed by a public dinner, and a r,hetolution was passed to
otr roi
ae
the
withntio tnb,tihsaexiivdvaiyeawnt
directed
dteeSmd m.beon.l;
:association,
impetuspubli givingc
givenattentionihe ttohthing
hgvre4
business.transactions. . Then the last. speaker referred-to the
pay given to.. him about three years ago. Many parties in
the management came only to the annual, meeting, with-the
view alone of. 'getting remuneration ;-(".0h, .soh 1")--fie
then being the, only.. one who objected to it.--(Laughter
and.. hisses.) He objected _because the profits would not-
have allowed :it. Again, in 1845, when a resolution was
passed that these gentlemen ought- and were to' he paid, it
was conceded to him that his services were more than equal,
to theirs, and it was agreed that whatever sum might be
voted to the board -of _management, he should receive one-
half. So at- that.tinie. last year, when 300/. were voted- in
recompense of their exertions. ~ he .was declared entitled to
1501., but he would only accept of.loo/. So fat blend thh
payment. • Great confusion, amid,which
The CHAIRMAN rose, and said—Gentlemen, I am sure that
everyone will.do roe the jitstice,.when I say that I did what
I could to .prevent, this. unseemly occurrence, but since this
discussion has been commenced at all, I think it only fair to
heat.all that :51r. Thomas may have to say, although we
should be 'detained from the real. business of the meeting till
to morrow
_morning.
Mr. THOMAS resumed—All that he had asked or sug-
gested in the shape of payment was, that his, exertions
should be brought before the association, that they might fix
en amount, or,decide whether, such services were to be remu-
fnoeir aptacydrnoernnt,o tit; In ed.
beentid nsoait nakt s
he wai
snb
eudn
tuos unusual
s uprreesbsiiinng..
self for 20(1'.,7- shat le did wish to do rwas to insure hiniSelf
for the full amount of 5001., and that was solely with the
view of beriating the institution, and not' himself.—
(Laughter and derisive cheers.). Such was the fact, .but
gentlemen .were welcome to construe it as they best liked:
Mr. EDWARD COLEMAN said, that although feeling that he
had attended at. this: annual meeting foi the first time, be
could not conceal from himself the fact that they might be
tar more ,profitably engaged by • movies that thereport
'of the- managers be, received and adopted, and it
was therefore ,
,with a great deal .of pleasure
that he (not. in any way connected with. the board of
management, but only feeling that they had studied to the
utmost , extent _the interests of the.clerks of London), rose to
do so.. The beard had in the most able manner conducted
the affairs of the institution, and it would be .not only most
unwise, but also most ungrateful, if they (the clerks) were
not to avail themselves of the advantages -offered- for their.
acceptatice.—(Cheers.) Ile had often felt for the•condition
of the clerks of London, that as a: body!they were deffeWin
of attention, and be was'quite convinced that as .d they
would show, by their sump-a of the Provident. Clerks Insti-
tution, how much they
.appreciated it. But he must be al-
lowed to say, abet, however great in tie City, were the means
o: diesetninating information, and of bringing the:prominent
objects of tse.society before every one, these means Were un-
_fortunately too limited in, the extreme . east end,_ and
he would therefore-, suggest, that. some -means be.proposed to
propagate the-objects Of the 'society in the qtiatter he had
pointed out, in order that, by an accession of strength, the
usefulness of the association Might be proportibuably ex-
tended. The meeting was aware that there wer6large-
bailments connected with, and in the vicinity of the test
and West India Docks, yet the fact ,waS, unfortunately;
that scat rely one of the young meu employed in theseesaa.
aware that the Provident Clerks' Mutual Benefit Asseciation
was in 'existence.- -If the report read that evening were
placed in their hands, he would venture confidently to as-
sert that a considerable addition would be found in the year
1847, as compared with the bygone 1846. As regarded the
texplainederested ithe.n iit,
a principlesnd tiithe
re
result
tb thisnd sboeceine t
establishment with which he was himself connected, he had
er
cua t
edi n d
some beenwith
ftahcient
sdiudncesett induced
et-di tooni
the jNvoi nh
Ytii;baejasoteehoef whts3 fet
low-clerics wp arosee-
rcs.lsobi
person connected
firstt it, th,i
en
instance
ang
nod
co.
ed allbi
yn
the case of two or three would equally follow in the of
three hundredsand thus the institution; as well 'as ilieelsreli S,
would be benefited. He trusted that all matters of a personal
character would be kept within the precincts of the board-
room, and not be made the subject of public animadversion;
fur they might rest assured that the course adopted that even-
ing was pregnant -with mischief to the association. - He was
rejoiced to meet so many present, and he hoped 'vet further
to rejoice when he should see more from the east end li-resent:
He therefore called upon the board to lend its assistance .in
the object he had adverted to. The speaker concluded
by
moving the adoption of the report..
Mr. Lowsig, of Norwich; seconded the resolution.
Mr. Guises begged, hefore the resolution was put, that the
secretary Weald give a brief outline of the receipts, the expen-

cries
of " It has been aka
t -the
"- e-CrialitalAN.2uggcstel that d
.re h
'Aituri,:ftner the beige foarythretetalv
.)ttyear.—(Laughter,
4aGic.,eolkiuese,tttnke. j(tikoe
e Would alai any and:every information
v
office at any time,.
financialft,Sluian 1:171 sea
fterneorntiPel e-thaewtec(nC:'snhtasitntaedprepdri att°,?gAxelprl 1 it...
Dsirineed,7if. th.., At if, 17., Gilles w.ou d app.lyai :the
heAde
—The books were open for him at any
timATenhheotechnisfelgiDhirmititeexhar„.lo.o_oeferG.
re-
- port be received rind adopted, has-been moved and seconded.
to calls .
Gentlemen, the resolution, that "the
`lt' has been moved 'a a speech of Singular usefulness and
_honour of seeing
believe me, krequire no prompting or . pressing in
.putting
:discretion by a._ gtellsomigahntotnormthye left,fir twirem.
13 ehnatvl eemtehne,
the resolution, because I-am most anxious title it
toh should
meet your unanimous approval, but lam cold esi-
tate for a moment -while, I offer to your notice
one observation. I -will- only trespass on your patience
iefstlvolniena3tbheetwqueeenstiltorin iTs
hpoumtc asnadniat
tshheoublodithrae
ciharursiefdar,,iltilleaqtu
of de
orotphs .e—t
t(fCah:Nyrs.).
further-I tohib
snekrvaitt
iofoasi r
art
eo
tgoivbee
thatannoatigeeemnConw;t-
made we may. hear them, ratter than stop them after the
time, that you will be doing .wisely and well in putting an
report shall Kaye been received, but I think, at the same -
i
end at once to this discussion. by adopting the motion of. Mr.
-Coleman. Lain sure (and I-an permitted to express .my
individual opinion), -that-- in all the charges brought, agalnst
the board there is nothilig tb interest you, one way or an-
other. The,opli single point: that can by pny ingenuity be.
twisted into anything like interest is that which regards the
conduct of your secretary. That point. has been denied: ,and
it "is with you to say- what faith you place in that denial.-..
(Lend cheers.) - I will say not one word more; I cannot pre-
lend to' 'deciae: en:the respective -merits of the question,
but I may be allowed: to suggest that these difference.s
and discussions do nothing but,mischief. I congratulate you
on the -present satisfactory- state of the institution, and
beg to propeee;that the- report- -be received and adopted. --
.The-reoolution was carried unanimously.
The. CsimeatAN said, that as this was a most iniportant
vote he begged the _meeting _clearly to understand that, by
their rules they-were required to have 'the sanction of-three,.
fourth; 'of 'the -members assembled. To avoid discussions
afterwards, he would, therefo"r"e„ ask if any gentleman in the
room dOnbted that three:fourths of the meeting hid-agreed-
to receive the-report: .
No answer baying been returned, the resolution was., de-
-elared carried. • - „
SAwTEra, then rose to move That Mr. John Clark,
Mr. Charles Lloyd, and Mr. John White Welch, be re='
elected managers; and- that Mr. Alexander Dawson .and
Mr. James- Lintott be elected members of the association."'
' Mr. JoRDAN-secondedthe resolution, which was carried.
Mr. R. H. Jonas begged •to propose the usual vote of
thanks to the trustees, •Thomas Raring, Esq., M.P., ThOmi
KM flanker, Esq., W. G. Prescott, Esq., Baron Rothschild,
and. J. A. Smith,
M.P.; for their • joint assistance and
support.
• The resolution was seconded by• Mr. H. TARRANT.
The CHAlRMAN—Gentlemen- have plagued you so very
-lately, that I might say but few Words now, but I think it
due to the other gentlemen who are. associated with me'•iii
your vote of thanks, to assure you all of the deep interest
e
e
utehsfousefulness
Institution.
beneficialnulfatonhl
reasnistus:lppnfgi
this
support.
eoseu
which they take in the, prosperity of the Provident Clerks'
With-regard
institution,alw ato myselfcl he tI
°le
assistno
nees need say
e irno
itaftheistartt::on::.t—ah:ilraSeat alike
ssftßiemocpi
ta tiiso totno
bei thes
yazbaeeodmueotp_iltnooy.
nhbr
be
extendingnl ise
tohfi ihge Mmt6ohrt
shallti
lish a
means have
ebirto;gohftLboenfodmonth:pesubtlaicb
•oand the employed. I may not have another eppbrtunity
Teedate:li :sir the.
chilrdren of clerk, a matter which I consider of not
a lessei importance than the institution which
provides for the support' of the clerks themselves.
It will soon be made public, and I hope it will receive that
support from the clerks of London which will prove to their
employers they ate not unworthy of the benefits'which are
offered to thern.—(Chears.): With regard to this institution,
of which 'I witnessed the birth and struggles of its early
days, and with which I have rejoiced in its successes in after
times, I can only say that I look forward with increased hopes
to increased -prosperity under the auspices of those at our
board.' These gentlemen have my fullest confidence—l hope
they have.yours.---. (Cheers.) I think the present aspect of
this meeting may satisfy them that this is the case.—(Con:,
-- tinned cheers.) hope that Mr: Thomas, even-if he joins a
rival establishment, will still look back ,with. a feeling of.
, complacency to the period when he assisted in our exertions,
and
.that he will view with -satisfaction,ahe continued success
of nur association,. I feel that when some time has passed
this difference will be forgotten, and we shall look back upon
them only. to wonder that -they should ever have - existed
even kir a Moment—(Greatecheering.)
Mr. HONEY said that- it had been his priVilege, some
years before, to propose that- some remuneration should be
granted to. the board of management for their .indefatigable
and zealous exertions to promote the interests of the society,
but he had on the first occasion been unsuccessful in his
object. He -had' renewed-his application after Wards, and
'succeeded. It was now again , his privilege - ao--- renew -the.
motion, and he IniPed it would meet with the concurrence of
all present. He proposed that the sum of 3001. (a similar
amount to that voted last year) should be given to the
chairman, the deputy-chairman; and the board of manage-
ment for their services throughout the'past year. ` •
Mr. HOOPER seconded the motion, which was carried with
but two dissenting voices. . .
Mr.- R. JoatEs, the, chairman, on behalf of himself and
colleagues, wished that: the vote had been unanimous,
but in so large an assemblage the thing was-of the less con-
sequence. It was a matter of congratulation for them that
'their success had been so marked in the past year ;
and as far, as the present month might be con-
sidered an augury of the future, they had every
reason td be satisfied. Already that year they had
granted 28-policies, to the amount of 7;600/., they had accepted
fourteen proposals, amounting- to '2,t00/., and twenty-eight
Were waiting. examinat ion amounting to 5,p501.--(Cheers.)
For Mr. Thomas
.he had always had the utmost respect-and
, the proof was to be found in his (Mr. Jones's) endeavour,
• during the past year, to reconcile the differencea existing
with his other colleagues,,, so as to bring matters to an
amicable settlement—,(Cheers.) • . •
: Mr. IsEriai washappy to propose a resolution on which he
did not anticipate the alightestdifference of opinion. It was,
" That the -cordial thanks of the meeting be presented to the
medical officers both in London and in :the country,- to the
' local agents and committees, to the 'consulting actuaries and
honorary solicitors, for their,vainable services during the past
'year." The institution had only paid as claims at present to
the amount of 600 L, and if they considered a business extend-
ingover a period .of six years they would find it impossible
nottoetimit that merit which these gentlemen would not
claim for themselves-e(Cheerii)—the exercise, namely, of the
highest professional skill, alike heneurable to themselves and
most beneficial to the association.
The resolution was _seconded by Mr. PRICE, and: carried
amid acclamations. -
Dr. MTJLLINDER, in a speech replete with wit and humour,
said that he' rose to - propose the following resolution
" That the thanks of The meeting be presented to the gen-.
tlemen of the Press for their able advocacy during the past
year;" but _before he entered upon a description of what
this powerful college of preceptors had done, he would say,
with the poet—
If, unhappily de&ived, I dream,.
And am too weak for such a noble theme,
Let, charity forgive me the mistake '
That zeal, not vanity; has chanced to make."
• _
He would assume tWo fieta-'—firstc that education was im-
portant ; and, secondly, that the press was' the great pro-
moter of it. In -1840, when the little infant in which they
were' all, so interested was ushered into the world, and re-
ceived the name -of the "Provident Clerks' Mutual. I3enefit
Association," before that infant could utter a word or plead
its own cause, th.e press wait the first to do so.--(Cheers.)
When the .infant grew_ somewhat older and stronger,
it was •. determined to educate it, and the first
branch of -that education was necessarily -language.
--(Hear.) "It now spoke- English tolerably well, knew a•
little Scot h, Irish, Welsb, German, Italian, Spanish, and
Hebrew, but it had only atteßiPted. three words of Latin,
which it Was. continually repeating " Tuti,quiProvidi." The
next step was geography, and it now could'point out nearly,
all-the principal towns and cities-in the kingdom, and from
the great pains taken by Lta preCeptors, it would not be long
before it, could
,point out the geographic position of every bank
and counting house in-the. kingdom. It had learned to draw
well, and had drawn charming Sketches of happy homes and
smiling families. In-musieit had not only learned to finger
the notee, but had taught-many Widows and orphans to sing
for, joy. Dancing was not one of ;its accomplishments, being
too firm
.011 its legs .to juhap. about or - wheel 'about.
In arithmetic it was a proficient. In simple addition it had
in the past year added 374 to its' numbers; in compound,
2,700/, to its stock. In subtraction, fortunately, it had little.
'experience, having only been called upon to subtract, during,.
its existence, five from its :members, and 6001. from its capital..
In. multiplication it was. gradually improving, both in the
-number of its friends and the means of serving them:- In
reduction and division, it would not attempt until 1848, when
it came to the profits. On New Year's-day it commenced the
rule of three, with a question which for many months would
puzzle all the mathematicians and -actuaries to :solve, but
which he (the speaker) most, earnestly called upon the mem-
bers to assist in working. out, -but, in order that, they; the
,members; mightbe aide to to do, he would at once state the
:question. "-If the year 1846 produced 374 members. what
ought the year 1847 produce 7"--(Continuedcheering.)- • -
`' Mr. JE'PPS could not add one word to the subject which had
been so ably coiiimeiiied on by their esteemed secretary, Dr.
He _would rest__contented with seconding the
resolution. - • • •
Mr. GOSBELL said he rose lb discharge one of the most
pleasing duties he had ever undertaken. When he looked
,back to the, period when the society was in its infancy, he
traced the rise and prosperity of the society to their able se-
cretary's connexion with it, and. he therefore hoped that all
in the room would cordially second his proposition, " That
the best thanks of the meeting are due to Dr. Mullinder for
his zealous and effective services, and as a proof of the esti-
mation in which he is held, he is recommended to the con-
. sideration of the board, for that remuneration his services are
deserving of." - •
Detiara-forTii -Seconded the resolution. '
•Dr. Mtn.eratneß-said-I.svill only. 'detain you with three
ordi... high 'CompliMent has been unsolicited, unasked
for, and undeserved.--(Cheers-)
The meeting was then declared dissolved.

SPECIAL MEETING. "
Mr. R: H. JONES moved that Mr. John Abel Smith take
the chair, which having been carried,
The Sticurr.i.riv read the.requisition calling a meeting for
the purpose of altering so much of the 23d rule as limited
the amount of assurance to 5C01., and to give power to the
board of .management to receive proposals and issue policies
for sums of 1,00(1., if it should appear advisable' -te:tkena,to

(16-°
Alir.: JONES .5-aid that he wasabout:io propose a resol
themiutio IV;
ttit
rsarmesepeeeffteeedt
sriesetrhe
tetil, noticena
,namely;
healtyihad that
and n readgtl.
giving`
go
thee ain.ount
of the: sum assured be raised to 1,0001.,
the manager& power to take I,OOOL, in lieu of the 5001., as at
present limited. He hoped that after what they had heard
of the prosperity of their society in the past year, they would
have no hesitation in coming to the conclusion with himself
—a conclusion which by thtir managers was deemed essential
for the benat of the association. In the beginning of the
last year a meeting was called for the same purpose, when
they were defeated by a majority of three and a half.—
(Laughter.) On that occasion a gentleman got up and ad-
vocated the alteration of the rule, but at the close voted
against it. Two friends of his own came with the intention!
of voting with the board, but one gentleman got frightened
and frightened his friend also. Another gentleman fell asleep
during the proceedings,
and when he awoke inadvertently
voted on the wrong side.—(Laughter.) He (Mr. Jones)
could assure the meeting that, in order to ascertain the
general opinion on this matter, communications had been
opened with the agents in different towns, and they had
their unanimous consent to the propOed new arrangement.
Ile.had a communication from Bristol, where at a meeting
held those present were unanimous for the alteration ; so
at Norwich. He. bad also a letter from their indefatigable
agent at Liverpool (Mr. Lee), who 'said that during the past
year he *might have secured several 1,000/. policies it the
hi*her inanrance could have been taken. He had also a long

distAnameairam gentlemenconnected viith, and reaident in
Louden, all expressing theiretviishthat tins might be aiffecled
as somas possible. .
' -Mr: Ism-ix-ha& great ,pleaoire in seconding-the resolution.
bece4ehe b.elieyed i wc tad contribute to Vile welfare °Me ,
society. He. had rn t liaathogooci3ortune vreseilt at
the, last ,discumionCal_this sablect, haviiig been tiny"
miles away-from London. at the time, but hettelieved. that -
the opposition then exhibited had given place to more ma-
tured reflection. .'The beard of management exercised a pru-:
dent control, and as the meeting . had reposed confidence in
them heretofore he thought that in this case they would be.
fully justified in doing it again. He could not,.indeed, see
'how any additional risk-could ever be contemplated as arising
from this alteration. The board of management knew that
by a section oft he last census it was shown that from 60,000 .
'to 80,000 were employed in London, and this excluded
those engaged in the retail trade, and shopinen. There
could be no question that out of this immense nUmber some
men would be in the -receipt of 2001. annually, and there .
could also be no doubt-that some of* these, men with these
salaries would cheerfully pay 201. or 231. per annum, in order
to secure 1,0001. at death. That they might look forward to the
certainty of being,applied to for assurances of 1.0001. might
be sufficiently proved by the fact that they had already re-
fused several ; and, again, they Would, instead of appealing.
too frequently to the liberalitY of the merchants of
London in' aid of their. benefit institutions, be enabled
to provide an independent fund for that purpose.
The persons who could assure for 1,0001 would be a higher
character than' those who from their hard earnings -endea •
voured to assure for 100/.,t0 /00/. or even: mere. Their able
actuary, who was. in the remit; would demonstrate to.their
satisfaction that there was no possible risk, that, in fact, there
was everything to gain by the change, and, nothing to lose.
Mr.' RarritaT (Actuary) stated,• that it was quite clear
that inthis case it was the object of the board of, manage-:,
ment to procure a large btisiness, and it was equally positive
that it was Only by a large business that large profits. could
be secured. The matter on which he was called- to speak
was simply this, could they make this change with safety ?-
There could be no doubt of it. - The board of 'management
were not compelled to grant 1,0001. policies, they might issue
policies for 6001. or 7001., and so were in a position. to get
themSelyes a good Average,' Many Offices in Scotland took to
the extent of 36,000/, giving away sometimes 200 or 300
to other establishments, and securing themselves by- taltibg_
to the same amount in return. Their boarkcould do the-
same. He-had fortified himself by the opinion of the eminent
Mr. Davis ; 'he had plaeed certain detaila before him, and
that able gentleman's opinion coincided with his own. The
speaker then remit from a statistical document theopinion of
the learned actuary, which:was in effect thesame aa expressed
by Mr. Rattray and the preceding speaker, _ -
After a few remarks' front the CHAIRMAN, the following re-
solution was read by the secretary, and it was -ca reed
unanimously. • • '
" The assurances granted by this association shall be as
follows, viz.;--
"A provision for the payment of a sum of money, of not
less than 501., nor exceeding 1,0001, at the deceits.; of a
member. * •
"A provisicn for a deferred annuity of not less than 101,
nor exceeding 50/. per annum ; said annuity to, commence at
not less than fifty.five years of age, and to continue forthe
remainder of-life. • .

-7-Aprovision---for a similar annuity to the above, the whole
of the premiums to be returned (without interest) in the
event of a member's death before attaining the specified
age.
A. provision for an endowment for children, not _exceed-
ing 1,0001., on attaining the respective ages of fourteen, or
twenty-one years.
" A provision for a similar endowment, the whole of the
premiums to be returned (without interest) in the event of
the decease of the party before attaining the age agreed on.
" A provision for an immediate annuity not exceeding 501.
" A provision for the payment of a sum of money of not
less than BOL, nor exceeding 1,000/., at the decease of a party
A, provided another party B be then living.
" A provision for`the payment' of" a sum of money of not
less than 50/., nor exceeding 1,0004 on the decease of either
of two lives that may be naraed•
" A provision for any other contingency whereof the oc-
currence is susceptible of calculation by way of average.".
Mr. Jo:um then moved a vote of thanks to Mr. Smith, for
his able and impartial conduct in the chair, which was
r.
thci carried rksiose:dt
he
saidat aynm society;
amid
thati
being
wasdge deafening
fnaewtt nnhi
`chile
nothingsd eecheers.crgrorhnedehowever
onbAuyli dn m gMi iT
hi
nm
slightly,or greateremtassre'nfivanl ngtdo pleasuret
same time conscious that these exertions were beneficial to
himself as well as to them, lie was extremely gratified that
Mr. Thomas,bad seconded the vote with which they_ had just
honoured him, and he would be most happy to find him re-
new the old feelings of friendship and intercourse which had
been• for a time interrupted. He thanked them sincerely for
the kindness they had just shown him..
The Hon. Member then retired, and was greeted with
three hearty cheers. . The meeting then broke up.