The New York herald., 1869-10-11


from it-or. rather. Il Is done on principle and a
very bad principle too II Cuba was annexed 70
the United States Tomorrow, and u you gave that
isand as free government aud as free Institutions
as you enjoy yourselves, and II. after five or SIX
years rebellion against the states was TO raise It's
! head In Juba the sympatnes of England would be
ali with the rebels. It seems 70 be our nature or
rather, the nature OF our public press, to sympa-
tDZe with all those who raise the standard OF revolt
/ IN any part OF the woSd, always excepting those
who try and shake of the most CALLING OF all tyran-
| MES, which Is what we suffer from ia England,
/ namely the tyranny OF class,
since my last letter another insurance 01sce,
| namely the European has come TO grie, aud the
| consequences are that every man who has insured
his life Tor the benefit OF his family Is frightened
i lest when he dies his policy may turn out so much
waste paper Or the failure oil tue Albert have
| than enough about 1t In the English papers. But
1 the case OF the European ls, If possible. more
scale than its predecessor in rascalify This ONCE
owes at this moment upon policies that have lapscd
and are about to become due about $500. 900. For
these money has or will have to be found during
the next TWO months, should say that the money
oughs to be found; but the whole OF the assets OF
the company amount TO about Sl50000, although
until within the last few weeks It has advertised
itsei az having S5ooo.ooo Invested in government
securities. Now, Ia not that a fraud or the most
outrageous description II some poor, unfortunate
mechanic, perhaps with SICK vile and large fam
receipt OF fortS dollars week IN wages ~ il This - was
untrue, II he had but ten dollars week and the
strength Q! bis misstatement obtain credit for twenty
doiiafs waat would be the results lie would be sum-
moned before the magistrate, sent for trial To the
Sessions, condemned to hard labor for months, como
bis caarea Would W % oe OS'' sent to ' the p1 WORK
house, his home be broken up and he end,
INTO crime But now arc the Hs srectors Of ae Aner;
and European Insurance COMPANIES treatedt They
nave agaln and again signed their names to what
they knew at the time were faisehoods-iivect will
ful lies-oy whch thousands of persons would be
injured for fe and yet they are IN the enjoyment of
tney give and are given the best OF dinners they eat
drlnk aud are merry, and no doubt go regularly TO
cuufCh and when the commandment ''Th0u shalt
not steal Is read out by The minister they respond
most deyoaty. Lord have mercy upon US, and
incline our hearts TO keep this law"
The misery which these insoivent assurances have
created 10 England among the hard working pro-
Iessiolai iaen - deplorable. Every DAY cases are
brought To my knowledge OF men VINO have for years
stintet themselves IN every way to pay up the pre-
MUM upon their life policies and thus provide for
are dead and their families lett paupers. /
know o one case in which the father OF large fam
iy, clergyman IN the Established Church, never mad
during Ills lifetime more than f400 per annum III the
way or income or this, by the greatest possible
se-denia he used every year to put by $50 and pay
death He died a few months ago. and 8 matter
OF course the sum for winch he had insured his life
his death. The widow had gathered wnat little
belongings she owned about her and was
ABOUT ABOUT 70 go to the island OF Guernsey, as
merely waiting TO receive the money Que to her
from the Albert. when the office failed aud she was
lett penness utterly destitute. and only saved
from the workhonse. which IN CHRISTIAN England Is
but another name for he'll on earth, Dy a score OF
literary men who had known her husband, subscrlb-
Ing among them small sum- out Of which she ana
her seven young children were supported until her
brother. an officer out in India, could be written TO.
Another case, far more depiorable Is that OF old
gentleman eighty years OF age who for thirty
years had paid large sun OF money every year 10
the Albert in order to his life the benefit or
his wife and poor bedrdden sister, who has been
ior half century depending upon her brother. This
gentemans income dies with INN; but he had SO
lar stlnted himself that he was sure he would leave
his wife and sister well OIL But the Albert faiied
all he had paid upon his policies il lost and this so
preyed upon his mind, added TO the fact that at his
age ne could not insure hls life again, that 1t
Killed hln. HIS wiuow and his sister IN the
workhouse. But might I'LL the whole OF the HERALD
with anecdotes OF like KIND. see IN this days Norm
ty f0St statement 10 the effect that the outStand
ing policies OF the European Insurance COMPANY
may be reck0ned at upwards OF 60 00O 600 steriuR
and this fact alone VIII show you how great must be
the misery caused throughout the land II the com
pany breaks "a II IS sure to do, although the drec-
tors nave put forth circular stating that the affair
Is all right and that the policy holders not he
AFRAID OF their money But ! an sorry to say that
mercantile fraud, financial cheating, and CONNER
cial swindlng form the rule far more than the ex-
ception IN england ~ the present day. and this Is
the real reason why trade is sagnant and there Is
50 much money locked up at the present time in
TINS country
Oceanic Telegraph Company, uas been issued this
morning. fhe capital wanted 20 carry out the
scheme Is only 5000 900 sterling. The object OF the
company is stated TO be to provide cheaper anl
Europe and America. A cable Is to De laid between
The southwest coast OF Ireland and Sable island.
Tue company have based their calculations upon
getting as much 10 do as the French and English
cables together nave now, and thus they certainly
make matters look very pleasant indeed-on paper.
There - an old saying that ne who tries 10 prove too
much often ends By proving TOO little. On the list Of
directors do not see single wekn0wn name.