The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-01-30 00:00:00

DIVISION OF PROFITS

The continued prosperity of the Society has enabled the Di-
rectors, at the annual meeting held on the 10th of May, 1848,
to declare a Sixth BONUS, varying from 27 to 65 per cent. on the

'remiums paic

on each

EXAMPLES

Bonus I

Permanent ISum the

ro .9 5 T,'"'":"'"
,„?-•-•: addition in
-.0 55 V, rremalm. c to Sum Cash
Assured.

of may Bor
Annual row on
Premiums. Policy.

£s. d. £s. d. s. d.l £s. d. .4's. d.
11278.0 14
15
6108121 15 1411 20 0 0
4945 1
810
18391211 18 6 95 16 91 14 17 7 445 0 0
60 10°0174 3 4
1124411 t 844 7151 '55 10'1 11l 19 316121 31
1842.139 2 6 58 17 G 8 19 10 29613 4
1813' 84 11 837 10 0 514 2 247 4 5

RRED ANNUITIES,

he same principles, the Society is enabled
plan of DEFERRED ANNUITIES far
in any hitherto offered, whereby an in-
bution of a very small annual, monthly,
secure either a com:Ortable provision for
ge, or, at his option, a large sum of mo-
family at his death ; while by giving to
time, the power of borrowing two-thirds
its, it removes all risk of forfeiture from
premiums, besides affording an ample
us and want of employment ; and should
re arriving at the stipulated period, two-
; will be returned to his representatives.
is a specimen of the great and varied
judicious application of a small saving
s Society :

By the operation of t
to afford to the public
more advantageous tha'
dividual, by the contrit
or weekly saving, may f
himself in advanced tip
ney, or a policy to his I
the purchaser, at any ti
of all previous naymen'
inability to continue
resource during sicknei
the purchaser die befor
thirds of his payments
The following Table
advantages which the
can secure through thin

I. BENEFIT

11. PREMIUMS.
To secure,
the age o on attain- AnnuityXlo 100
'emium of ing the age Cash .. 82 10 0
of 65, the Policy.. 97 S G
option of
ta4
g Paya- Payable Payable
'ble An- in one for I)is-
-1-4 q
7...1
nually. sum, parity.
I

Secured, on attaining
65, by an Annual Pr
£2 128.

- -
Annuity, Cash

R s. d. R s. d.I I
s. d. 3 Rs. d.I as. d. Rs. d.
20 47 16 6 394 11 0466 0 0. 20,0 10 11110 0 10 0 0 0
30 26 15 10,221 0 0 261 0 0 300 19 6;16 7 1 7 311
40,1319 9115 8 0`136 6 0 40k1 17 327 3 1119 410

IMMEDIATE ANNUITIES are also granted by the Society on
liberal terms, as will be seen by the following extracts from
the Tables, showing the annual amount of annuity upon every
.4100 deposited :
Age 50, 7 As. I Age 60, £9 14s. 3d. I Age 70, £l4 2s. 2d.

The Annual Report, with Tables of Rates, &c., may be had
at the Office, or any of its Branches in the Country ; or, on
application, will be forwarded post free.

W. S.B. WOOLHOUSE, Actuary

AGENTS.
LIVERPOOL—JAMES IRVINE, 6, COOK-STREET.
Manchester—Messrs. Duffield and Lofthouse, and Whit-
worth, 12, Princess-street.

FOR CHILDREN CUTTING THEIR TEETH.
Mrs.JOHN SON'S AMERICAN SOOTHING SYRUP.
THIS infallible Remedy has preserved hundreds of
Children when thought past recovery from Convulsions
arising from painful dentition. As soon as the Syrup is rubbed
on the Gums, the Child will be relieved, the Gums cooled, and
the inflammation reduced. It is as innocent as efficacious,
tending to produce the Teeth with ease; and so pleasant, that
no Child will refuse to let its Gums be rubbed with it. When
infants are at the age of four months, the Syrup should be
rubbed on the Gums; and Parents should never be without the
Syrup in the Nursery `there there are young Children ; for if a
Child wakes in the night with pains in the Gums, the Syrup
immediately gives ease; thereby preventing Convulsions, Fe-
- &c.—The great success of this Medicine d.•-• - the last

viers,
Twenty-five Years has induced unprincipled persons to imitate
it, under the name of American Soothing Syrup, and copying
parts of Mrs. Johnson's Bills, &c. Parents will therefore, be
very particular to ask for JOHNSON'S AMERICAN SOOTH-
ING SYRUP, and to notice that the Names of BARCLAY and
SONS, 95, Farringdon-street, London, (to whom Mrs. Johnson
has sold the recipe,) are on the Stamp afAzLecllo each Bottle.

Ferguson, W. Wagstatt, T. Haigh,
Robberts, Burden, I{. Claypole, P. M
ton, Macdonald, J. Morris, Dr. Collins, and Mr. J. Finc
and in the body of the room a great majority of the trades.
men of Liverpool, and many others of our most respecta-

Rev

ble and influential townsmen of all denominations in

politics, The hall was well tilled, and the whole proceed-
ings were marked by much unanimity and enthusiasm.

The Hon. CHAIRMAN then came forward to address
the meeting, and was received with renewed cheering,
which continued some time. He commenced by observ-

him, since

'tat it had been a m
they did him the honour of appointing him as their presi-
dent, that he had not had an opportunity of meeting the
society before, and he owned that he should have come
forward with considerable doubt in his own mind to grap-
ple with the great question the National Confederation
had in view, were he not convinced that if they could only
became united Success must attend their efforts. (Loud
cheers.) They did him the honour of electing him their
president, and he felt it a high compliment, because itcame
from men to whom he might say he belonged—men of his
own class of society, who were well capable of estimating
what a man was really worth, and therefore he esteemed
the compliment the more highly. (Hear, hear.) He saw
men step forward to proclaim that they, the middle classes,
were determined they would no longer submit to the vile
system now carried on in_ raising the taxes of thd country ;

and instead of having the present unequal and unfiiii
system, they would adopt the old golden rule of doing to
others as they would wish to be done to, and take care
that every one should pay hip fair share and no more.
(Applause.) Before, however, he proceeded further, be
considered it due to them, as well as to himself, to say
that when he consented to become their president, he did

it with the distinct understanding that lie should 'onlv be
called upon to grapple with the great

.
question of local taxation, situated as he was with respect
to matters on the other side of the water. And, if they
did him the honour to re-elect him their president, with

go on in his endeavours to convince the people, both in
the House of Commons and out of it—(and they only
wanted convincing to bring about a change)—that the
mode in which the taxes were raised was based upon the
worst principles, and therefore that it was necessary a
better plan ought to be introduced. (Hear, hear.) When
he entered the House of Commons he did not go there for
the purpose of making a figure before the public, but more
as a schoolboy for the purpose of being taught, and what
did he find ? Why, that there was a system in existence
of robbing the poor man for the purpose of supporting a
lot of lazy drones. (Loud cheers.) He quietly made an
analysis of the composition of the house; but in making
the statements he was about to do, he begged it to be
understood that he did not mean to take any poli-
tical view of matters. He was quite aware that the
National Confederation had determined to sink all poli-
tical and religious differences; and therefore, if it became
necessary for him to diverge from the course marked out,
he did not do so for the purpose of supporting one
party and condemning the other, but for the purpose of
exposing the existence of a system detrimental to the true
interests of the country. (Cheers.) Well, having time
upon his hands, what did he behold in the House of
Commons ? He counted one hundred and forty-tl_
members who were receiving pay from the Government
either in connexion with the army, navy, or ordnance.
(Hear, hear.) He found 150 more who were connected
either by blood or marriage with the 143, thus making
one-half. of the House of Commons directly interested in
the present vicious system of taxation, and if it was con-
tinued they must expect more to be sent there. (Hear.)
What was to be done to counteract this? Why to agree
upon a great principle, and that was upon the principle of
doing to their neighbour as they would wish their neigh-
bour to do unto them—(applause)—to act upon the prin-
ciple propounded by Mr. Smith, that every man should
contribute to the exigences of the State according to the
means which it has pleased the Almighty to place within
his reach. (Hear, hear.) Now, what did the poor man
pay according to the present system ? Instead of paying
one shilling out of every ten, he was compelled to pay—
nay, he was robbed, of three shillings and sixpence. The
same system prevailed among the middle classes, but to
go on to the wealthiest classes, they would find that nearly
the whole burden of taxation was thrown upon the
industry of the country at large. (Hear, and cheers.)
This must be altered, and it could only be altered by
opening the eyes of the country at large, and that could
only be done by disseminating knowledge as they pro-
ceeded. How was the trade and commerce of the coun-
try crippled by our revenue and excise laws ! Not less
than six or seven millions a-year were wasted in the
maintenance of those laws. (Hear, hear.) During the
last session, Dr. Bowring had succeeded in obtaining, by
a majority of one, a return showing the amount of re-
venue which did not go directly into the exchequer; but
now he had gone to Hong Kong, and they would hear no
more on the subject, unless some other member had pub-
lic spirit enough to take up the question. If no other
member did so, he (the hon. member) pledged himself to
do so. (Applause.) But look at the effect of these fiscal
regulations on our trade and commerce. First of all, they
were bound to prove that they were honest men. Ask a
saner manufacturer, and he would tell them that it cost

hiin ten per cent upon the manufactured article, in order
to show that he had not been a rogue. (Hear, hear.)
Take the merchant. He was subject to all the fiscal laws
which shackled commerce, and prevented its expansion.
But remove those laws, and what would be the effect ?
Why, they would make a man as free to act as be

'stern 0

and ilxcise duties, now mainly ielied upon for raising the
revenue. This indirect taxation increases the price of every
commodity on which it is levied, is delusively and insidiously
!lasses; and tt
It exacts from

tons on every other clasi

le working people

~.
of their means to purchase home and foreign productions.
This large abstraction from their bard-earned means, limits,
to an almost incredible amount, what would otherwise have
been the consumption and sale of every article of trade. The
Customs and Excise duties are collected at an extravagant

cost, and necessitate we expense of keeping an army and navy
of revenue guards.
"Tlie customs and excise duties also grievously fetter and

and:unnecessary cost to every trading transaction, which they
And let it be remembered, that economy of time

encumber

" Thus trade, commerce, production, and the employment
of labour, which are the true and only sources of wealth to
every class in the kingdom, are all paralysed by this most im-
politic system. The wealthy are kept less affluent, and labou-
rers are, by it, thrust down to abject poverty. The number of
paupers, through its effects, are daily on the increase, through-
out the length and breadth of the land. The field of commerce
and trade does not extend proportionably to the increase of
population, in the rising generation ; and young men, of
every class, find from this cause every department of trade sur-
charged with competitors.
" It is high time that the nation should he roused to a sense
of the impending ruin into which indirect taxation must, if
_ _

persisted. in, inevitably engulph all classes of society. The
work, therefore, that your Association has so well and so exten-
sively commenced, is one of paramount importance. It is
philanthrof is as well as p,litic. It seeks the welfare of all, and
it will accomplish a great beneficial revolution in the fiscal
policy, not only of this, but of every country. Our foreign
neighbours and customers, will sce the success, prosperity,and
wealth which will accrue to our country by the emancipation

•ce from customs ant

policy and hasten t. follow in our wake

with which you are pursuing the noble work you are engaged
in, and to express my ardent hope for, and belief in, your final

success

yours truly,
" LAWRENCE HEYWORTH

" Mr. John Ferguson. Chairman of the
" National Confederation."

The report of the council referred first to
NATIONAL TAXATION,

and stated that at the period of the formation of the con-
federation, in December, 1847, the public mind had not
been directed to the subject, and that the confederation
were conscious, from long experience, that indirect tax-
ation was at the root of the national poverty and distress.
The opposition offered by the confederation to the attempt
of the present government to increase the income tax,
gave the first impetus to the demand for a change in the
system of taxation, and for economy and retrenchment,
and from that time to this the movement has made rapid
progress. The report then goes on as follows :

Mit it must be quite evident to all who reflect for a moment
on the subject, that a mere reduction of expenditure, and say-
ing of the national means by that expedient, good as that mea-
sure may be, is no remedy for the wrongs which the industrial
population of this countryhat:eto endure under the present

system. It will not repair the injustice inflicted on the people
by indirect taxation. It will not alter the relative positions of
industry and wealth, as they are now affected. It will not pre-
vent the labouring millions paying more than their just share
e I of the national obligations. It will not compel the possessors

of realised property to pay their just share. it will not enforce
the payment by each man according to his means, and his stake
in the country, but it will leave the present vicious system to
.