The Sun.
London, England, 1845-12-01 00:00:00

No. 16,628. LONDON, _MONDAY

'THE SURETY SOCIETY.
I_ Temporary Offices, 1, Wardrobe-place Doctorti-Commons.
(Registered provisionally, pursuant. to 7th and Bth Vic., c. 111).)
Capital 200,0001., in 20,000 Shares of 101. each:
Call 1/. per Share, to be made on complete Registration.
TRUSTEES.
Wynn Ellis, Esq.,M.i'.
John Mastennan, Esq., M.P.
Peter Rolt, Esq.
DIRECTORS.
Thomas Sidney, Esq., Alderman, Chairman.
GcorgeCoode, Esq., Deputy-Chairman.
George Brockelbanke, Esq., Greenwich
Robert Charles, Esq., Endsleigh-street, Tavistock -square
Richard Groticock, Esq., Bow Church-yard
Richard W. Jennings, Esq., Doctors' Commons
Joseph Todd, Esq., Mousley-park, Surrey
James Trail', Esq., Mordin-hill, Blackheath
Matthew Wicking, Esq., _Hilton-street, Dorset-square
•
Robert Wilcoson, Esq., Monument-yard.

AUDITORS.
J. R. Cuffiey, Esq. ; James Walsh, Esq.
BANazas—Messrs. Masterinan, Peters, Mildred, Masferman,
and Co.
STANDING COUNSEL.
Thomas Platt, Esq.; Edward S. Creasy, Esq.
SOLICITORS—Messrs. Newbon and Evans.
In almost every office of trust in mercantile or professional avoca-
tions security is required. The observation applies universally to
the several situations under Government, connected with the collec-
tion of the revenue. In addition, the numerous existing railway,
and other incorporated public companies, are imperatively required
by their acts of incorporation to take security from their officers;
and when it is considered what an increase there has been, and is
certain still to be in such companies the amount of security con-
tinually, and from time to time required to be found by private par-
ties, by some means or other, to qualify them to hold situations of
trust, must be immense.
The insecurity of. and objection to, private suretyship arises from
the difficulty which must alwa vs exist of ascertaining with correct-
ness the real solvency of the proposed sureties at tine time ; and
yen when this fact can be satisfactorily shown then remains the
danger that the bondsmen may not continue solvent. In how many
cases does it not happen that, on defalcation occurring, and on in-
quiries being made as to the sureties. they are found either to have
themselves become insolvent, or.to have died in embarrassed circum-
stances, leaving but little, if any, chance to the principal of reaping
any benefit from his supposed security? -
On the other hand, the evil is not less to the applicant for the
situation or the office. Many a mass, otherwise well qualified, has
, been obliged to forego an advantageous appointment, by not being
able to 'find security' to the large amount required by the regulations
of the particular service or department ; and the very application to
friends is, to a well-constituted mind, painful, seeing that the appli-
cant thereby not only lays himself under personal obligations, but
subjects his friends to serious pecuniary:l446lllV, without any cor-
responding individual advantage.
The object of the Surety Society is to obviate these evils by sub-
stituting the security of a responsible incorporated public company.
In consideration of the payment of a small annual premium, regu-
lated by circumstances, the Society will become responsible for the
fidelity of persons employed in offices of trust, to any extent which
may be agreed upon and stated in the policy, and will thus open to
parties not being perhaps in a situation to obtain private sureties to a
sufficient amount, Nit otherwise eligible, the opportunity of accepting
valuable appointments of trust.
Tire advantages to principals are the responsibility of a public
company, with an ample subscribed capital, obviating the necessity
of personal inquiry into the individual responsibility of proposed sure-
ties, andrelieving principals from the possibility of loss by reason of
the insolvency of the private surety.
The Directors will exercise all needful precautions in entering into
contracts. The ordinary minimum rate of premium will be fixed ;
but special cases will be made the subject of a distinct contract, at an
agreed rate. At the end of three years the experience of the Society
will be examined, and, if found practicable, the premiums on all
existing policies of three years' standing will be reduced; so that
those assurers who have not exposed the Society to loss may reap
the benefit of their established character..
Parties, or their representatives, under personal liability, by bond or
otherwise, for the fidelity of relatives or friends, may be indemnified,
or entirely relieved from responsibility, by contract with this
Society.
The capital requisite to enable the Society to avail itself of the
advantages of incorporation under the recent Joint-Stock Companies'
Act having been subscribed for, the Directors are proceeding with all
dispatch to complete the Registration of the Company, and will be
ready to receive proposals on the first of January next,
The capital is required as satisfaction to the public, but, as in Life
Assurance, the assurers' premiums rapidly form a capital ; the
Directors, therefore, will at present only require the first call of 11.
per Share, reserving, however, the right of making further calls,
should they hereafter deem it desirable. Interest, at the rate of five
pounds per sent. will be paid on the capital; the profits will be as-
certained by the experience of the office at the expiration of every
three years.
The remaining shares will be allotted at the discretion of the
Directors, to parties in mercantile pursuits, or the public service, and
who are personally known to the Trustees or Directors, or whose ap-
plications are certified by a banker or broker. All applications to be
addressed to the Directors through the. Solicitors, Messrs Newbon
and Evans, at the temporary Offices of the Society, 1, Wardrobe-
place, Doctors'-commons, London.
ISAAC HELLIER, Secretary pro tem.
FORM OF APPLICATION FOR SHARES.
To the Directors of" The Surety Society."
Gentlemen,—l request you will allot me shares of 201. each
in this Society, and I hereby agree to accept such shares, or any less
number, which may be allotted to me, and to pay the call of U. per
share thereon on allotment, and also to execute the Deed of Settle-
ment of the Society when tendered to me for that purpose, and to
conform, respects, thereto.
Dated this day of 184 i.

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Place of Business (if any) • • • • • • • • • • •• • •
Residence
Profession or Occupation • • • • • • • • • • • • • • • •
Reference • • ..... ......... •••••• • • • .

LIVERPOOL AND PRESTON, MANCHES-
TER AND SOUTHPORT RAILWAY.
Under the sanction of the following Noblemen and Gentlemeilof the
neighbourhood, and landowners on the lines, viz.
The Duke of Sutherland
The Earl of Sefton
Lord Illford
Lord Francis Egerton
Sir Thomas Joseph de Trafford, Bart.
Charles Scarisbrick, Esq.
Charles Standish, Esq., M.P.
Edward Stanley, Esq.
William Hulton, Esq.
William Gerard Walmesley, Esq.
William Ince Anderton, Esq.
Trustees under the Will of the late Ellis Fletcher, Esq.
(The Undertaking is Provisionally Registered.)
The Capital, 1,600,000/., in 80,000 Shares of 201. each.
Deposit 21. 25. per Share.
PROVISIONAL COMMITTEE.
Thomas Barnes, Esq., Manchester
Reece Bevan, Esq., Wigan
James Branker, Esq., Liverpool
John Ashton Case, sq., Thingwall-hall
John Craven, Esq., Xeighley
John Crosthwaite Esq., Liverpool
Hardman Earle, Esq., Liverpool
Robertson Gladstone, Esq., Liverpool
Charles Pascoe Grenfell, Esq., Belgrave-square
Ralph Greenough, Esq., Southport
Henry Houldsworth, Esq., Manchester
Charles Jacson, Esq., Barton Lodge
James Lees, Esq., Brookville, Manchester
Samuel Lees, Esq., Martindale-lodge, Southport
John Lancaster, Esq., Ince-in-Mackerfleld
Christopher Morris, Esq., Wigan
Richard Pennington, Esq., Hindley
Theo. Woolman Rathbone, Esq., Allerton Priory
Rotheram, Esq., Liverpool
Peter Bothwell, Esq., Bolton
Charles Swainson, Esq., Cooper.hill
William Hill, Esq., Crescent, Salford
Joseph Hornby, Esq., Liverpool
James Hodgkinson, Esq., Monton
John Winstanley, Esq., Preston
• John Woodcock, Esq., Wigan
Herman Walmesley, Esq., Wigan
John Walker, Esq., Manchester and Southport
(With power to add to their numbers).
COMMITTEE OF MANAGEMENT.
Hardman Earle, Esq. Charles Pascoe Grenfell, Esq.
Joseph Hornby, Esq. Henry Houldsworth, Esq.
Robertson Gladstone, sq. • Reece Bevan, Esq.
William Rotherham, Esq. William Hill, Esq.
James Branker, Esq. I James Lees, Esq.
John Crosthwaite, Esq. Samuel Lees, Esq.

-
BArmaits
Messrs. Moss and Co., Liverpool
The Union Bank, Manchester
Messrs. Thomas Woodcock and Sons, Wigan.
sinacrroas.
Messrs. Darbishire and Lewis, Manchester
Messrs. Woodcock, Part, and Scott, Wigan
Messrs. Clay, Swift, and Wagstaff, Liverpool.
ENGINEERS.
John Hawkshaw, Esq. I Edward Woods, Esq.
This railway is designed to connect, by the shortest practicable
route, the port of Liverpool with Preston and other places to the
northward, and with Blackburn and other places to the eastward,
and to supply Manchester, Wigan, Bolton, Oldham, Stockport, and
other manufacturing districts in Lancashire, and the West Riding of
Yorkshire, the advantage of direct railway communication with
Southport and the west coast of Lancashire.
One portion of this railway will diverge from the present line of
the North Union Railway at or near Farrington, and by forming a
communication with the Blackburn and Preston Railway there, will
accommodate the traffic both of Preston and Blackburn, and the
places beyond. From Farrington it will proceed by Ormskirk, and
thence, past Kirby (where it will form a junction with the Liver-
clot and Bury Railway), and terminate at the intended new sta-
tion of the Grand Junction Railway Company at Edge-hill, Liver-
&jot whence there will bo access to the north and south
docks, as NN',ll as to the Lime-street station in that town. This
portion of the natti line will be twenty-four miles In length, and
will bring Liverpdgl within twenty-seven miles of Preston, and
thirty-three miles cf Blackburn. Another portion of the under-
taking will consist of a trunk line from Southport, passing St. John's,
in the village of Burscough, near which it will intersect and form a
junction with the line from Farrington to Liverpool, and proceed
thence through the Dougtee Valley to Wigan, where it will avail
itself of the North Union station in passing through the town, pro-
ceeding thence by Hindley, Atherton, Tyldesloy, Ellenbreok, and
Worsley, it will forma junction with the Liverpool and M
and Bury
anchester
Railway near Eccles, and with the Manchester, Bolton,
Railway in Pendleton.
gy weans of a junction with the Bolton and Leigh Railway at
Alberta, Ma advantages of this line will be extended to the town of
Leigh. The leNth of this trunk will be about twenty-eight miles of
new line, bringing sLOutliport, within thirty-three miles of Manchester,
sixteen-and-a-half of Wigan, and twenty-six of Bolton, and reduc-
ing the time occupied in the journey between Southport and Man-
chester from four hours to little snore than one, and between that
favourite watering-place and other mantllacturing districts in like
proportion ; at the same time Substituting for A dilatory and expensive
means of transport, the dispatch And economy
communication. of A thorough railway
Theline between Wigan and Mancheater will pass through a popu-
lous district, possessing extensive manufactures ; and the coal-field
it will traverse and lay open to the manufacturing districts, as well
as to Liverpool, is second to none in this part of England in richness
and variety.
This railway will also afford increased facilities for conveying the
produce of the abundant agricultural district, lying between the
River Alt and the Douglas, to the manufacturing commtMaies of
Lancashire* and Yorkshire.
Notwithstanding the present uncertain, dilatory, and expensive
means of access to Southport, the numbers resorting thither are very
great, and rapidly increasing, and it cannot be doubted that the faci-
lities and economy in time, as well as money, of a direct railway
communication, would give rise to an accession of traffic far exceed-
ing the ordinary ratio of estimated increase.
The benefits resulting from the construction of these lines will be
obtained at a comparatively small outlay. The country throughout
is easy, and of a level character, rendering the works light, and the
gradients highly favourable. There are no engineering difficulties,
and the advantage of terminal stations, and access to and through
the principal towns, are already provided by the establishments of
the Grand Junction, Manchester and Leeds, North Union, and Liver-
pool and Bury Companies, whose cordial co-operation is guaranteed
by the participation of those *Companies in the capital, and conse-
quently lm the success, of the undertaking.