Weekly national intelligencer., 1852-07-03
FROMOUR LOND D0NCORRESPoNDENT.


LONDON, JUNE 10, 1852
We make no professions to be political eceno-
mists, but we think it is incontrovertible truth
that trade or business is prosperous when men are
induced to embark their money and occupy their
time and exertions "a it, For example, take life IN
surance companies How many have started into
existence in this city during the last ten years
The prated circulars and statements, either of the
commencement of new ones or the enlargement of
the business arrangements of existing ones are con-
tinualfy reaching us. We have no statistical re-
turns at hand 10 refer to, do we require any to
convince Cd the amazing extent Of profitable bus-
ness which is transacting in London by institutions
of this kind There is scarcely an accident of any
description which cannot be insured against Ira
yelling by land or by water; by steam powef or
horse power on iron railways or macadamixed turn
pixies, all sre provided for From London to Graves
end by puny steamer; from Dover to Calais by
a mail packet; from Liverpool to New York by a
Collins OF Cunard's floating palace; from the Lon
don docks to Australia, or from Southampton to
Calcutta or Canton by the Oriental Company steam
frigates travel, in fact, you will, when you will
or where you will, you invited to take out po-
lcy of insurance against accident by food, or fire.
steam; and the expense of doing SO is SO compa-
ratvely trAng that it is almost always good policy
70 do Look into what newspaper or periodical You
WILL you scarcely fail Of some
new mode Of doing this company Of the Sort
with directors trustees bankers solicitors actuaries
dors secretaries, &C. all completes and with fresh set
of tables and two three "new principles" to
mend it to the attention Of provident public Does
not the very fact of the multiplicity of these Institutions
witness to their prosperity? Then there the fire
insurance and the marine insurance companies the
mers insurance company against bad harvest and in
cendiarism; insurance against damage by lightning;
against burglars and dishonest in fact would
be shorter list which should enumerae the things which
be insured against than that which should include
the insurable Look upon the splendid buildings,
with the numerous stats of clerks, &c which ornament
every portion of this city, and which be found
far westward Pcady and Oxford these alone
evidences of the prosperity of insurance companies
this great metropolis.
Take again mining companies. These and the parties
engaged in them sufficiently to support
very respectfully conducted weekly paper g The Naing
Journal" The number Of this journal for the present
week contains list Of eighy-one mining companies he
mines being nearly all in the county Of Cornwal in full
operaon of hundred and nineteen other companies
far advanced to have sold ores and Of hundred
and FIVE other companies which have not yet had any
their produce in the market All these three hundred
and five companies, except eight ten have the
ol OpcThuoHs DeVOusnlre ana WAKES
Of those which in full business all but sixteen hold
their shares at immense premiums and large majority
of the quoted considerable advance upon
the amount paid Then there projects for mining of
various kinds in Ireland and for gold mines in Devon
shre the hills Of which county," says the Mining Jour
NAL "seem likely to realize the classic fable of the Col
den Fleece and another Pactolus may yet be found
dering among its secluded ravines"
The Parliamentary proceedings for the week have been
important The civil service estimates have passed the
House of Commons, without any material opposition.
They amount in the whole than G4000 000 and
include public works and buildings; salaries &C. in the
public departments law and Justice education science
and art colonial consular and other foreign services
approximations and charities, and miscellaneous The
Times says:
The best general view Of the subject will be obtained
contrasting with each other the demands under these
heads Thus the largest outlay Of the whole
upon the third class that of law and justice upon which
and we bestow only third Of this sum- viz E470 1872
In like manner salaries in public departments costs
81 032 233 while f621 231 only to be invested in pub
lie works and buildings Colonial and consular services
set in the aggregate e369 316 while superannua
tons and charities take f213 023 and G8l 145 provides
for the miscellaneous objects Of the national expend
ure Over and above these demands is round reserve
of 100000 for civil contingencies constituting with
the items previously enumerated total of ca 1872 9S6
against 948 02 the taken for these services
the last occasion"
We will go little more into detail Under public works
| and huildinOs we find