The Sun.
London, England, 1846-05-18 00:00:00

EDINBURGH, MAY 13,

STOCK E X.O ANG E. The sales are--Banffshire, 18s. 6d.—Cale-
donian.e6d.—Carnwath and
ws-11°1re' lea —Direct ort Extension,hier ,40 30..
8. 6el. East Indian Rail
way, 16s.—East Lothian Central and Tyne Valley Junction, 235.
.t iNtneown: al
Edinburgh and Leith Atmospheric, 255. 6d. --Edinburgh and North-
ern, 6/. 16s.—Ditto, Lochgelly, 21s.—Edinburgh and Peebles, 28s.—
Forth and Clyde Junction, 325. 6d.—Glasgow, Dumfries, and Car,
lisle, 435.--I thtsgow and Dundee Junction, 345. Inverness and Elgin,
20s. 61—North British, 30/. IN.—Ditto, Extension to Carlisle, 495.
6d.—North Statfordshi, e, 71. 25.—North Wales Mineral, 15/.—South
Midland, 86e.

GLASGOW, MAY 14.
I STOCK Excneyoz.-The sales are-Airdrie and Bathgate, 545.-
Ayr and Galloway. 395.- British and Irish Union, 40s. 6d.-Cale-
donian Extension, 375. 6c1.-Caledonian and Dumbartonshire Exten-
sion, 338.-Caledonian Direct Northern. 335.-East ludian Railway,
158.-Edinburgh anti Peebles, 295. - Forth and Clyde Junction, 345.
6d.-Glasgow, Kilmarnock, and Ayr, 74%--Glasgow, Dumfries. and
Carlisle, 425.-Glasgow, Kilmarnock, and Ardrossan, 395. 6d. -
Glasgow Harbour Grand Junction, 235. 6d.-Glasgow Harbour
Mineral, 275. 6d.- Great North of India, 4s. 9d, - Inverness and
Elgin, 20s. 6d.-Kilmarnock and Ayr Direct, 365. - 3lanchester and
Southampton, 455.-Perth and Inverness, 335.-Perth and Crieff,
325.-Scottish Southern, 365.-South Midland, 785.-South and Mid-
land Junction, 225. 6d.

CAPTURfo. 4sl? A SELF-ACcUSED
PUBLIC AND PRIVATE ROBBER, MUR-
DERER, &c.
In 2lie Sun some time since appeared an account of a
young man, named Henry Norman, aged 27 years, clerk
to Mr. W. Hoof, the extensive builder and railway con-
tractor at Kensington, having absconded, stealing and
taking with him the sum of 57/, in gold and silver, the
money of his employer. Also of his having sent a letter
to Mr. Hoof, to Dr. Pallen, of Barnes, Surrey, at whose
school he was educated, and also to another gentleman
to whom he was known, accusing himself of having,
" while in the Customs at Jamaica, before he was 21
years of age, robbed the revenue of thousands of pounds,
and afterwards, while in the United States, having
at New York robbed a pawnbroking and silversmith's
store of money and property to the value of 1,0001., and
committed numerous other crimes, not even hesitating
at murder." In another part of his 16tter he distinctly
stated that " he had committed more than 1,800 distinct
robberies, and had been concerned in five murders,
besides many other atrocities." At first, the confession
was considered by many persons as the emanation of a
fevered and excited brain; but from the inquiries which
have since been instituted into the truth of the state-
ments contained in the letters, it has been found that
Norman did at the time stated fill an important
situation in the Customs at Kingston, Jamaica, which
he eventually resigned, being at the time a defaulter
to a large amount. On his return to England, he offe' ed
as a reparation to lay open the villainous proceedings of
others connected with the same department, and was for
several days under examination by the Custom House
authorities, but on his statements being submitted to
the Attorney and Solicitor-General and other law offi-
cers of the Crown, it was found that they were so loose
that no reliance could be placed on them, and he was
suffered to go at large, his defalcations being paid by
those whose duty it was to have more sti ictly overlooked
n l m
dins cd
preventedvered h
at
hhisis
statement dishonest career.
respecting It
thashe also
been
rob-
bevy
New York iscorri-ct, such a
robbery
time stated by
him, and a true bill has been returned against him
t) t a
jeweller'sh av g
palta cSe
at
the New Turk Sessions. Suspicions Lave also
within the last two or three days since arisen that he
was concerned in the murder and robbery committed
about eight years since, at the premises of Mr. Richard
Westwood, the watchmaker, in Princes-street, S,h
which has ever since been enveloped in great mystery.i'
It is known that he was in England at that time, and it
is believed that he was staying at the house of his father,
who was at that time a respectable pawnbroker and
Mr.
silversmith in Princes-street, a few doors from
Westwood's house. Ever since his absconding, the
police have been indefatigable in their endeavours to
trace his retreat, but without effect, until Friday last,
when information was received by letter from Liverpool,
that a young man answering,
ely was to
particular, the
cdietsyc.ripAtionn
officere Henry
,asiyNmoremdiaat, idsispinatccuhsetdodtyo inLivtheart
non% and the prisoner will be brought up to London
forthwith.

rvet/'
DE eE
HOF THE LNCH CONSUL AT EDINBURGH.
The evAller de Soire, Knight of the Legion of Ilcnour,
died at
114 PO ill Iknatiftli-rm early la tfin ptwaat weok.
.

E ACi.;UNIULATI EorDEPOSIT
ASSURANCE . SYSTEM INTRODUCED BY
THE CITY OF LONDON LIFE ASSURANCE
SOCIETY.

The inestimable blessings which have been conferred by
life assurance compsnies--the valuable periodic extensions of
the principles of annuities and reversionary payments, which
have been made by mathematicians of the highest order—and
the consequent adaptation of the theory of contingencies to
meet the requirements of society in all the intricate rela-
tions of purchase, sale, and investment, would seem to have
closed the door against the possibility of any further ex-
tension.
A perusal of the statement which has been drawn up by
the directors of the City of London Life Assurance Society,
explanatory of the new system of accumulative or deposit
assurance introduced by them, and which we are confident
we are hut• anticipating the wishes of those of our readers
who are interested in the extension of jhe principle of life
assurance, in inserting at length in our present number,
will convince them that the accumulative or deposit plan of
that society is eminently adapted to increase the usefulness
of life assurance, and to make it subservient to the wants of
those who have hitherto, from the peculiar feature of the
usual system of life assurance, been deterred from resorting
to it.
The recommendations of the accumulative plan of the
City of London Life Assurance Society, which are likely to
obtain for it so large a share of popular favour, are that it
combines the benefits of an assurance- on life with those of a
deposit bank ; that for young healthy lives it offers ad-
vantages, on attaining the higher ages, incommensurably
superior to those which can be obtained by the ordinary
mode of assurance ; and that for the young tradesman or
artisan, whose necessities or liabilities render him incompe-
tent to incur a fixed annual payment, in the shape of a pre-
mium, to secure an unvarying sum, which an office would
guarantee to pay on the failure of the life assured, it offers a
mode of operation under which a policy can never become
lapsed ; with other additional advantages, clearly pointed
out in te statement.
We would particularly direct the attention of parents and
guardians to the opportunity now afforded them, by the City
of London Life Assurance Society, for making provision,
either for the future wants of children, or, in the event of
their premature death, for the repayment of all charges in•
curred for their education and advancement.
The superior advantages offer ed by the City of London
Life Aisurance Society in other cases, might also be pro-
minently alluded to ; but the annexed statement will be
found, on perusal, to contain so clear an exposition, and such
convincing examples, of the value and importance of the
principle of the Society's new system to the public generally,
and of the easy manner in which it may be carried out, that
each reader of it will not fail to be struck with that portion
which may apply more especially to his own individual case.
The tables adopted by the City of London Life Assurance
Society having been prepared by Mr. Rainbow, to whose
abilities as an actuary we hare, on former occasions, borne
willing testi iiony, will be deemed a sufficient security for the
safety of the peculiar plan of the Society, end the accuracy of
the calculations upon which their tables have been founded.
The system of accumulative assurance, while it renders
life assurance available to a large number of persons who have
been hitherto virtually excluded, offers such great and pecu-
liar benefits to parents, and all interested in the welfare of
young persons, that the Directors of the City of London Life
Assurance Society, in introducing it to the public as a new
feature in the great principle of life assurance, more valuable
and efficient than any which has of late years been suggested;
feel called upon to offer some explanation of its principles and
working, and to adduce some examples of its results.
Under the ordinary mode of life assurance, as is well known,
by the annual payment, during the whole existence of the
life assured, of a fixed premium, proportionate to the age of
the life at the commencement of the assurance, an unvarying
capital sum is guaranteed to be paid by the office, whenever
the life so assured shall fail. Thu-, a person at the age of
s 0 may, by the annual payment of a premium of 201., ensure
to his family the sum of about 1,0001. he benefit thus
gained is the immediate creation of a definite capital in the
event of death, however soon that event may follow the
opening of the policy.
By the new plan, the premium may be varied in amount
each year, to suit the convenience of the party assured,* or
after one, or any greater number of payments, it may alto-
gether cease, and not only will the assured not lose the-benefit
of what he may have heretofore paid, bat be will be allowed,
on giving due notice, to withdraw the whole, or any part of
the amount so paid, together with the increased value which
the policy may have acquired, by a participation in the
profits of the company which, at every period of division,
will be given in strict proportion to the then existing interest
of the parties assured.
Upon the first payment, a capital sum equivalent to the
amount paid, according to the age of the life at the time of
payment, is guaranteed on the failure of the life assured,
and upon each succeeding payment, a further sum is in like
manner guaranteed and added to the former ; and thus the
assurance becomes, as its title imports, " accumulative."
Taking, for example, the life before instanced, aged 20, pay-
ing a like premium of 201., the result would be as follows,
viz.—on payment'of the first premium, he would be assured
for
during the second year, on renewing the pre-
mium, the amount would be
in the third year
in the fourth year
in the fifth year
and so on, increasing with each successive premium to the
utmost limit of his term of life. The Accumulative Assu-
rance would be, at the end of twenty years £BB4
of thirty years
of forty years
of fifty years
while, if at any time the premium should remain unpaid, the
only consequence would be, that the sum now assured would
remain unaltered, or the premiums paid would be returned;
that is to say, if the premiums were discontinued at the end
of twenty years, 8841., or forty years, 1,5001., would remain
the sum assured, without any further call in either case for
premium ; or should any circumstance arise to render a con-
tinuance of the policy unnecessary or undesirable, the whole
of the premiums, without deduction, would be returned to the
assured, together with the increase in value'before alluded to.
The table adopted by the City of London Life Assurance
Society, and of which an extract is appended to this
paper, shows the amount which, at any age between
seven and sixty, would be assured on payment of a single
sum of 100 L, and from it may be ascertained the amount
of the Accumulated Assurance of any given number of years,
by merely adding together the amounts respectively set
opposite in the table, to the age at which each payment may
have been, or is to be made :—say, for example, that 1001.
is paid 4t seven years of age, the sum immediately assured
is stated in the table to be
100/. at eight, the sum in the table is ...... 271 4 9

fAccutrui tted Assurance in eye year...£542 4 9
[OO/. at nine, the sum in the table is .... ..... 270 12 5

Accum nlated Assurance in two ye3r5....£812 17 2
and so on toties quoties, it being brrne in mind that the
annual premiums need not be of one uniform amount, but
may be v.tried, or altogether omitted, as before explained.
Should the premium in, any year be greater or less than 1001.
the sum assured by it will, of course, bear the same propor-
tion to the amount stated in the table as such premium may
bear to 1001.

The peculiar advantages offered by the " Accumulative"
mode of assurance, will be found to be applicable to an ia-
finits variety of cases ; for instance, parents and guardians
may make provis4m either for the future wants of children,
or 'in the event ot their premature death, for the repayment
. of all charges incurred for their education and advancement.
Let a case be adduced in which it is determined by a parent,
• to lay by 50/. per annum for the benefit of a child now ten
years of age, aELd to expend 751. per annum on his education
and entrance into life. By electing an Accumulative As.
surance the case would stand thus :-501. is mtnediately
deposited for the assurance, while the 75/. is devoted to the
purposes of educivion. If death should occur in the first
year, the Company would pay 134!. 18e. 3d., which would
restore more than both premium and cost for education. On
, the payment of the renewal premium -1 501., the sum as-
sur,:d would become 269/. Bs. 3d. in the event of death during
the sect nd year, and thus with each -met &sive payment this
SUM would commensurately increase, so that in the
3rd year it would be £4OO 9 6
4th
4th
6th
7th
••• 914 0 11
Bth • 1038 14 8
9th..
10th
llth 1403 16 5
showing that, in any interval from 10 to 21, there would have
been the repayment, in the event of the child's death, of an
amount exceeding the whole of the premiums and charges for
education, and in the event of his living, the refunding of all
the premiums paid as a capital wherewith to engage in bu-
siness, or the guarantee of an assuram e of more than 1,4004
either increasing with every succeeeding premium, or remain-
ing stationary should no such premium be paid.
Again, by it a policy for any increa:ing• amount assured
could be opened at an equable premium. payable either dur-
ing life, or for a limited term of years; and toe City of
London Life Assur tnce Society, in conn.xion with this
branch of their business, propose to graft such increasing
assurances, either with or without permissim to withdraw
the whole amount of premiums paid.
And further, it frequently happens that it is desirable
in the case of survivorship annuities and contingent
reversions, to assure the opposite risk to that on
which the annuity or reversion is dependent. By
the accumulative plan, the successive premiums and ac-
cruing interest on the total outlay may be provided for is
the cheapest and most perfect manner; while in
all
where a present annuity is payable as the pnrchase
years, the
deferred, either for a given life or for a termpf
mode of assurance now suggested is the only one which can
of the case.
be made to meet accurately the requirements
may
be corn-
for one
The accumulative principle of assurance
healthy
lives in par-
ticularmenced at any age, but to
't to be preterreby
many 0
n that
payment of an annual premunn of 100/.
ac-
count alone to the ordinary sta
will no
idtocuffblscaauseproispect
.3'ofouldsneugocf::usslutirmanactee. advantage, as
will—
a ot twenty on

,238
1
:923258 14 5
At 59
At 29 be assured for
1
At
4399
54
At 69
8,583 1 5
At 79
while by the payment of the same amount of premium Oa
the same life, upon the ordinary system, the amount insured
from first to last will be 5.2211. lOs.
As this last application of the accumulative principle is of
so much importance, the following further example showing
the accumulated sum which will have been assured by the
payment of 10/. per annum at various ages, commencing at
seven up.to sixty years of age. may not be superfluous
Age. Aci

Age. ' Accumulated I Accumulated Accumulated
Assurance. Age. e.
Ag
Assurance. Assurance.
------------
_____ _____---.
X s. d. £ s. d.
7 27 2 9 20 362 1 0 45 866 7 9
8 54 410 25 477 14 5 50 946 0 9
9 81 4 9 30 585 17 2 Z,5 1019 13 9
10 108 5 5 35 686 11 1 60 1087 19 0
15 238 17 2 .40 779 19 8

Accumlated Assurance at sixty £1,087 19 0
Ordinary Assurance, from first to last 584 0 0

It is not attempted to be denied, that, to the creditor who de-
sires to secure his debt ; to the assurer whose arrangements re-
quire the immediate creation ofan unvarying sum in the event
of death ; arid to thdse who, assuring late in life, have already
arrived at the maximum of their responsibilities, the ordi-
nary method of assurance presents obvious advantages ; but
it is submitted that to young and, healthy lives, and to per-
sons who, from uncertainty as to their means of continuing
through life the payment of afized annual premium, have
been hitherto virtually excluded from the benefits of life
assurance, there can be no plan presented so extensively be-
neficial as the one now proposed. Before their responsita7
lities commence, or their means fail, they are able to secureu
noil
press
an increasing fund, and as their engagements

* No renewal of the usual urtitleate of health will be required'
unless it is proposed to increase the amount of premium beyond that
of the previous year.
t With a proportionate char© of profits on mob periodical divisicall