Star.
London, England, 1825-04-18 00:00:00

•
1. C4SMIN,
- . •
. .
;. •TcoivijtVialPlo6,_-or
I Stara* Ties At*. e( Deeember 4, HAW lbw
,AVAPS4IIIIDO stateinkati =dims refiecdoss rein ins to the
,_afrajea of
ran above SOcimporand we, there's**, beg ea
state in four °alumni Ismi.— that as insurers to the
amount of some thousands, we have felt no little dim's:
pointmeut at therisult of the late proceedings of the
.Directors. In the soundness of the principles and ets;‘
:gene./ of the arguments announced by their Report
(which is an echo of the venerable Actuary's address),
with it view to-the safety and prosperity of the Society
•we entirely acquiesce; but it appears to UV that with.,
00 entering, on any complex reasoning or laborious
calculation, -a simple and. easy scheme might be
adopmd, which in leaving the stability Of the institution
'itself sufficiently sectrre, and the rights of ell its members
unimpaired, Might be,essentiallileneicial to a number
of them. Mr. Morgan, in his address, adverts with rri.
ion and some degree of triumph, to efforts made al
former periods, 1195 and 1805. to appropriate si part
of its capital; efforts which were perhaps as wisely as
successfully resisted ; whether she authois of theni
might be justly accused of imitatienotor not is a quer
Lion of little moment; MT the wisdom and propriety
of alterations in the masa ement of any concern,, must
be determined *by existing circumstances—even pru-
dence, care, and caution have their limits; and it is ob►
vino: that the same measure which was deemed rash
and imprudent at one time, might be reasonable and
expedient at aninhea. The capital, at the periods above-
mentioned, did not amount to a f urth part of whet it
does at present.' To adopt then,yound numbers, let us
suppose it to amount (as you have stated), to ten millions,
and let us take the members. or partners is this concern
at ten thousand ; let us suppose also, each member upon
an average to have already contributed a thousand
pounds towards the capital, making in the whole the
sunt-bf ten millions—might not two millions, rlr two
mil:frins and a half, i.e. 90 or 85 per cent. be allotted to
the sum insisted, with the additions upon it now due to
each member respectively. according to what he has
adwily paid, and not according to the tate of what his
policy will entitle him to receive? Should the mania
paid by the insurers be found to exceed ten millions,
either the per tentage might be less in proportion, or
more than the sum of two millions and a half might be
abstracted from the general fund ; but in either case
there would remain a capital of about eight or severs
millions and a half—a sum fully sufficient, one might
imagine, to guard the institotion against aq possible
risk, especially as this appropriation of two nullifiers
and a half would take place only gradually, er (as it
were) by driblets, as the policies became payable, so
that the interest arising from the capital would not be
materially injured by it.. 13.4 let us admit that, from
some unforeseen and extraordinary occurrence', the
capital Were to be reduced one halfor mote from what
it now is, a remedy might be provided for this m•schief
'by its own petiodicil regulations in 1830, when the
usual additions might be diminished or wholly suspended
for an indefinite time. We conceive that by the above
scheme, Mr. Morgan's objection ct affecting the rever-
sionary interest of the new members since 1816 vvuld
be obviated, since they would come in fora proportionsite
share, according to what they have paid, with the rest—
and not an individual would have any just cure to
complain, whilst those 'oho:olives will drop &Jai .1:9140;
(and what Member can say that he rir ry not be on* of
them?) would be materially benefiteJ ; at the sanie
time this measure could not be regarded as an aboli-
tion M. subversion of the Bye-law passed in 1816, re-
lative to the 5,000; it would be only a partiil devia-
tion from it justified by circumstances, or the present
highly flourishing condition of the Society.
' Should this suggestion meet the ideas of other mem-
: bets, new and old, plain matter-of-fact men like our-
' selves, might not an Especial General Court be sum-
moned, and the sense of the Meeting be taken on the
subject'?—We are, Sir, your's, etc.
' Bath, April 15, 11125. . CAWDIDI.
We might add, that amidst flattering lodgements held out to
Insurers by other Societies, the adoption of the proposed scheme
' might help the Equitable to maintain its wonted pro-ensiposce, a
since a proof would be given that even the newest members had
chance of some advantage wins warranted by prudence—should
their Policies become due before obey arrived to be of the form-
; -nate 5,000; on the other hand, in case of too numerous applications,
rules might be easily adopted to select from among them by
ballot or otherwise—and thus the& an avidity which might bolo.
convenient. •

• The prieeding replation might have been adopted in the
Quarterly Meeting, on Deminber g, when there was some ani-
mated discussion; at any ram k should now be applied mall who
have died since January h,1•11.5, became nese od themmentsd
such are as yet made—and that period will be WIN
since the last additions took pbee, in lUD.

' MARRIED. a
By special license, Sir Marcus Somerville., of Sonsonille Bow
In the county of Meath. Bart. to Elizabeth, eldest daugluir iE
Piers Geale. Esq. of Gloucester-place, Dublin.
At Kik*lia Church, canary of 'Kerry, Litstenaga-Colonsl
&rick Jones, of the Mt Regiment of Fob; to Arabella basher
of the late Richard Blesmerhasse4 Esq.