The Sun.
London, England, 1869-09-25 00:00:00

THE ALBERT ASSURANCE COMPANY.

PROSECUTION OF THE DIRECTORS THIS DAY.
This morning, at Marlborough-street Po
court, was fixed for hearing the summonses taken
out by Mr. Lee, a shareholder and policy-holder,
against the directors of the Albert Life Assurance
Company, charging them with conspiracy and
fraud.

The summonses were against Dr. W. Beattie,
M.D., Dr. Peter Hood, Mr. J. W. Johns, Mr. G.
Goldsmith Kirby, Mr. E. Vansittart Neale, Dr.
Nicholls, the Right Hon. Lord George Paulet, C. 8.,
Mr. W. Page, Mr. T. Phillips, Mr. T. Stevenson,
and Mr. Robert Whitworth, directors of the Albert
Life Assurance Company.
Mr. Straight, the barrister, then proceeded to
state the case against the defendants, and in the
course of his speech he read a number of documents
to show that the company, after being hopelessly
insolvent, continued to carry on business, and to
issue false and delusive statements of the financial
position of the company.
Mr. Edward Lee, of 55, Lancaster-road, Not-
ting-hill, said in the early part of the year, having
a few hundred pounds, which he was desirous of
investing, and, after looking about where to in-
vest it he was attracted by an advertisement of the
Albert, stating the half yearly interest of the com-
pany was iu course of payment, lie also saw
reports of the company for 1865-6, and made
inquiry respecting the association, and he was
led to believe the concern was a safe one
for investment, and that the documents were a fair
representation of the position of the company, and
he gave directions to his broker, Mr. Edward Smith,
to purchase shares in the Albert for him. He got
199, and paid ss. 61 for some and 289. Gd. for others.
The shares were of different values, and his liability
on them was unlimited. lie paid altogether for
sh res about £l2O. Ile had had other shares bought
for him, but the company stopped before he got the
certificates. lie continued buying from Feb. to.lune.
lie firmly believed it to be a good investment fur
his money. Ile had, whilst buying shares, called
at the office in Waterloo-place, and made inquiry,
but the secretary being out of town, he saw the
accountant, and from what was told to him he
bought some more shares. He executed and
lodged the transfer of the shares, and after a con-
siderable time he received the certificates from
the office iu Waterloo-place. He first learned that
the company was in trouble in July or August
from certain publications in the newspapers. After
that he received a circular and attended the meet-
ing of shareholders ou the 28th of August, iu
Waterloo-place, Mr. Niell was in the chair, and
Mr. Kirby, the manager, was also present. He
saw Mr. Price there, and heard him read a report.
Assuming that between 1867 and 1868 that over a
million loss had been made, he should not have in-
vested his money. If there had been a loss of
£lOO,OOO in the ledger and he had known it,
he should not have invested his money.
By Mr. Metcalf—He believed undoubtedly that
the company was iu a safe and solvent state, al-
though he bought shares £3 paid for ss. 6d. He
thought the shares were depreciated through dul-
ness of commerce. He did not look at the contract
at the tune he bought the shares to see the amount
of his liability.
After some further evidence had been given the
hearing of the case was adjourned.

BPDFORD MEETING.—The various events to be run

for at this meeting have closed as follows :—Ouse Nur-
sery I'late, 26 subscribers; Bedfordshire Stakes, 13;
Elston Stakes, 33; Trial Handicap, 12; Stratton Park
Nursery, 29 ; Scurry Handicap, 32 ; Southill Stakes, 20.
GIFT HOESES.—At Hendon, on Thursday, Minotaur
(2 yrs) was given by his owner to J. Potter, the Epsom
trainer, and Claribel (2 yrs) was presented to Mr. War-
ner, of the Welsh Harp. The first named is engaged
in the Derby, but Mr. Warner's filly has not been nomi-
nated for any of the great three year old races.
lIAWTHoRNDEN.—This Derby colt has for some days
been altogether absent from work at his training quarters.

We hear that next session it is contemplatedtopresent

to Parliament, through an influential member, a petition,
signed by some hundreds of gentlemen of position, praying
fora measure to legalise betting, and to award licences to
commission firms, upon guaranteeing by sureties their re-
sponsibility and solvency.
THE KINGSCLERE HORSES.—Sir Joseph Hawley has set
an example to owners of horses by sending eight of his
team already to Newmarket to meet their engagements.
These comprise Ambitious, Siderolito, Blue Gown, Rosi-
crucian, Lictor, The Palmer, Pero Gomez, and Madame
Eglentine filly. They are all fit and well, and are located
at Godding's stables.

TEAMP.—This horse, after reigning first favourite for
the Cesarewitch for some time, has gone to almost any
price. Whether he is " lame," after the manner of Bloss's
horses generally, and whether, after all, he will come
again in the betting, and win the race to boot, a la
Knight of the Garter, must, of course, be left to time to
prove. It certainly is anything but a bad sign when
horses from this team are knocked out, incongruous as
that may seem.
LAD VERTlSEMENT.j—lienceforth no one will doubt the valuable
properties of Du Barry's health-restoring Revalonta Arabica
Invalids' and Infants' Food, since to the thousands of blessings
it has already received from Invalids whose position had been '
now add that of his Holiness the Pope,
whose deemed
health hopeless,has
been we m
pa y
perfectly restored by it after thirty years of
unsuccessful medical treatment. We quote from the "Gazette du
Midi," July 25th :—" Rome, July 21, 1866.-The healthallotherof th
rn
eHeoiley_
Father is excellent, especially since, abandoning
dies, he has confined himself entirely to Du Barry's Revalenta
Arabic°. Food, of which he consumes a plateful at every meal.
It has produced a surprisingly beneficial effect on his health, and
ehxistrilacotliane fewss
cannotout o f n o
praisere t thans
6eBx.ocooe cures:—Cure unrt efso:o—d too Cure highly."
0g.h51378,2"161, Vo
of
the Marchioness de Brohan, of seven years' liver complaint
wasting away, debility, nervousness, with a nervous palpitation,
all over, had digestion, constant sleeplessness, and the most in-
tolerable nervous agitation. Cure No 1,771: Lord Stuart de
Decies, Lord-Lieutenant of Waterford, of many years' dyspepsia.
No. 49,832: "Fifty years' indescribable agony from dyspepsia,
nervousness, asthma, cough, constipation, flatulency, spasms,
sickness, and vomiting.—Maria Joly." Cure No. 46,270: Mr.
James Roberts, of Frinaley, Surrey, of 30 years' diseased lungs.
spitting of blood, liver derangement, and partial deafness. Im-
portant Caution—Beware of the many unsavoury and more than
sloppy imitations to which, without authority, Baron Liebig's
name is most audaciously attached.
In tins, at Is lid; 1 lb 2s 9d; 2lbs 1s 6d; 51ba lls; 12 lbs 225;
21 lbs 405,—A150 Du BARRY'S REvA.LENTA AEAMEA CHOCOLATE
POWDER is packed in tin canisters: for 12 cups at 55, for 24 cups
at 5s 6d, for 48 cups at 6s, for 288 cups at 30s, for 576 cups at 558
—being about one penny per cup. The 30s and 55s tins are sent
Prod of carriage in England on receipt of Post-Office Or ler.—
BARRY Du ataxy and Co., No. 77, Regent-street, London; and
aLl9r9cera and Cheztiets