The Sun.
London, England, 1869-10-09 00:00:00

THE EUROPEAN POLICY-HOLDERS•

On Friday afternoon a meeting of the policy-holders jo
European Assurance Company, and the companies Wally
mated with it, was held at the London Tavern. Mr. 5.,j;
Low took the chair, and was Leginning to art y,
there were cries of " Whitmore, Whitmore t

chair."
Some one arose and said that as Mr. Low was chairlllbo9
of the Naval and Military policy-holders, he ought t° -
in the chair.
After a great deal of confusion and unnecessary vi°t°of

time, Dr. Wetmore took the chair.
Mr. Low, amidst some confusion, asked the Ineetil4
to guarantee him the expenses of the room. heel
Mr. COLLETTE said that if the directors bad -
asked, they would have called a meeting, and Mr. Loa'
eg
responsible for the expenses of the meeting.
The CHAIRMAN said they had met to consider what IAI
the best for the whole body of shareholders, and net
ill:
particular section. He asked the meeting to be order,,,i
and give attention to each speaker. He came there if
4. policy-holder, and they ought to remember that the;
represented thousands who were not able to be present',
winding-up of any company was always disastrous, an° la
was doubly so when a society was compelled to do s°'
it was afterwards found that it could meet its liabilW".
(Hear, hear.)
Mr. S. M. Low said his only object was to protect P" 34)
other persons interests. If the company was able t° f;;
its present and futuro liabilities (a voice : "It is
he would give them a helping hand. He told ",i-f
directors that if they could show him that they had
the value of the surrender of policies he would make:ci
affidavit in the Court of Chancery to the %ft
that he was satisfied. There had been rill° bi
about the stability of the European. (A voice : " es'Y
~a
wreckers.") He had made application to the directorol. '",
they refused to purchase the surrender of policies,rhlitiii
letter dated the 20th of September. ("Quite right.")
statement seemed to him tantamount to an act of bankrurc/
to
(" Oh, oh," " No," and confusion.) He consulted the solicit°l
the Naval and Military Company, a meeting was
committee-appointed to wait on the directors of the ado,
pean, and they saw the deed of settlement with the 1/to,
the at'tho
pean, Mr. Low then proceeded to repeat
ment made by him at a meeting °f
Naval and Military policy-holders last Mond* op
published in our columns on the succeeding day' hi' ir•
Low was proceeding to quote some figures when the e-00
man said they must deal with the matter delicately. of
did not think that figures before the Vice-Chancollorth
fit for discussion). Mr. Low said he meant to conclude oot-
a resolution to the effect "that, in the opinion of this fold
held, sn
ing, it is desirable that the proceedings in Chancery a";„,- to
be suspended, to enable independent persons to inv.°9"l" et
the affairs of the company, and report to one.
meeting."
sheet
The CHIEF ACCOUNTANT said Mr. Low's balance" of
was the one that was presented before the nieetingoi
shareholders—(hear, hear)—and not the one that

before the Vice-Chancellor. ci
,te
Mr. Low was then proceeding when he was int°l'-e
with cries of "No" "Yes" and confusion. When
was restored, Mr. Low said that there was invely%ell
Consols, &c., £42,500. He believed the Government
£30,000 as the security from the guarantees. T
x.°" f°,,,ret:
bonds there were invested £41,000 which, he WO 1u1P'"4000
say, he believed were good and worth 1:3".' eit
In colonial securities there were £6,650. Then tb°,oo- fig
item was a most important ono to consider—£26d
the value of the business bought. Loans on policies to"
of
premiums, £106,000. Then there were premiums in C 0 1/11t
payment, £83,000. The speaker then referred t° 1-00$
figures, stating that £549,000 was put down as eal'i°'
11
called up; but a few months since a call of 50. per
was made, which was valued at £78,000, and a onlY br°7oll'
in £50,000. Mr. Low said that he believed that gr•till O,O
ford was willing to let the petition stand nfor
investigation was made. (Cries of "No; a Olintii
He would, therefore, move his resolution, and suggest
the mooting bo adjourned till after the investigation. 00,
Mr. O'MANNEY seconded the motion. If they welll it
out of every pound paid over the counter as a 10°1114,4 Pi
would be paid out again, instead of 18s. of it being P
as a reserve fund.

General Garibaldi is about to appear as a 0/131170
His work, which has been published by Messrs. tied off
founded on facts, and bears largely on the WO
clesiastical condition of modern Italy. ' • 0 jtvA
A. NF .W ORK BY MIL. DARWIN —WO 111"'-
learned that Mr. Darwin is preparing a' new work,
etesf
the main conclusions arrived at in his " Origin of S,Pro bi
and accepted by most of the younger naturalists tm--„ugobl
out Europe, will be applied to man. The work, t° be,fo
lished next year, will consist of three rert"--,lq. "C")
Descent of Man ;" 2. "On Sexual Selection," and o el°
Exydreenscseiown oillf
btehme
aEinmloytidoinasw.'n'
flrnomth first of
ae
eoniparisotoll;i
the
evi Jn
structure of man with that of the lower an
ad
and from the facts of embryology; the more generldwici
ments from the laws of geographical distribution - 110,
geographical succession being here inaP licable•
difficultof
question of the gradual development %)(
mancharacteristicfrom
lowernmoraltypaenad
will
ltellalecstn to ualatbtrriiebalesciolecinl
sieci
ler con"
With respect to the races or 9crca
elusionse of man, Mr. Darwin has been led to the ta nt.
that sexual selection has played an inarci,,r 031
part. This principle depends, on the one hand)
rivalry between males of the same species for the 'to
the female; and, on the other, 00100,--
choicesession of
by the females of the more attractive Ina 00
combined in each case with the transmission te,4{.
offspring of the characters of the more successfttl;llo
viduals of either sex. This part of the work 113 tarp
illustrated. by copious details. In the supPlein I'oo
discussion on the expression of emotions bY twee
through muscular movements of the face and lira*
owed
questions will come under nc,tice. (a). How far is wan ellciotioss I
with muscles solely for the purpose of expressing ell/ diffri
(b) how far the same expressions provail among the •
04
rent races of man; and (c) in what manner the
animas exLikit Sheg Motiallet-fho Aicackmv.