Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-08-13

............. 81 SIS, 505 81
The gross earnings for the previous year
were $685. 9I 50, showing an increase for
1s69-70 of 500, $40 so, OF about p per cent
The gross earnings of the company for tho
fiscal year ending 30th June, 1868 1.-THE pc
Rod from which the present Board dates
its management, were only S960,479 70,
showing an increase for the year just
closed of y4lS,s05 SO, or about A per cent,
nearly nine-tenths of which were secured
from the freight department, notwith-
standing the strong competition will
which we had TO contend.
A FRENCH EXPERIMENT IN LIFE As
SURANCE.
The Spectator gives an account OF q
curious experiment in life assurance now
being tried in France, the results Of which,
though not involved in much doubt, Will
he watched with interest. A law pro-
viding for the general insuring Of agTi-
c~ulturists and artisans was passed in 1865,
and it was hoped that a large number OF
persons i'm these classes would avail them
selves of the earliest opportunity offered
10 claim the benefits Of its provisions.
The ages Of the insured is limited between
sixteen and sixty. No medical examina-
tions are required, but policies are issued
TO every applicant on the somewhat IN
usual condition that, if a policy holder is
so incoDsiderste of the interests to the
cOmpan as to die within two years of
the date of his policy, his claim to the
sum for which he insures is forfeited, and
such premiums as he may have paid are
returned TO his heirs, with interest at four
per cent. per annum In most other re-
spects the system conforms to that gone
rally adopted in this country. No single
life can be insured for more than $500,
and, when policies lapse through the nom
payment of premiums, a paid-up policy is
issued for such sum as the premiums
paid in will purchase. All policies are
granted upon the simple life principle,
and calculations are based upon four per
cent. tables. The New York Bulletin re-
marks upon the above that the object
sought by the projectors of this enterprise
is certainly c~ommendable, but whether
it will be possible to p%opularize assurance
hAARLk ~ ItbAGA - III III w Il
this or any Othor process, is considered
more than doubtful. We trust, however,
that the new system will DO tested fully
and fairly upon its merits. II pauperism
can be prevented, or the evils of poverty |
among those left unprotected by death Of
those upon whom they had depended can
be mitigated by the operations of a beneh-
cent system OF life assurance adapted to
the working classes, the experiment now
being tried under favorable circumstances
will rave accomplished good results.
But so few of those whom the system is
designed to beneft appear to take an in
terest in it, that the prospects of the en-
terprise are not encouraging. The'ques-
tion Of adapting the principle of life as
surance to the wants and limited abilities
of the poorer classes is, however, still an
open one, and, like many others, may yet
he left to the skill of our actuaries and
the enterprise Of our capitalists to answer
satisfactorily.
SOUTHERN MANUFACTURES.
Although not very large, yet the eXhi-
bition of Southern manufactures at the
Cincinnati Exhibition of Textile Fabrics,
was highly creditable-so pronounced by
Western and Eastern manu-
~facturers. A correspondent of the New
York Bulletin, writing on the occasion,
says: 1.-THE quantity Of goods on exhi-
bition from the Southern States is con-
sIderably inferior to that of the Cincin-
natl Exposition. 1t is, however, only in
quantity, for such goods as are here are
creditable. The Eagle and Phoenix
Mills Of Columbus, Ga, have made a inc
contribution in the shape of c~Ottonales,
denims, checks, stripes, and other cotton
goods. These mills also exhibit a fine as
sortment of " truck for trowsers," and a
number of good samples of brown sheet
ing. h Augusta Ca Cotton Mills and
the Macon Mills make a good showing of
brown sheetings and drillings. The Syl-
van Mills, Shelbyville, Tenn, and Annis
Mills, OF McMinville, Tenn, have
a good line of brown sheetings. The
Graniteville Manufacturing Company, Of
South Carolina, contribute samples of
sterling brown sheetings. The Columbus
,Gs.) Manufacturing company also make
a very creditable showing of brown sheet
ings, as do the K%ennedale Manufacturing /,
company of Kennedale, Ala.
MANUFACTURES IN ENGLAND.
The annual returns, moved for by Nj. !
Baines, as to the cotton, wooden and
other clothing manufactures in the
United Kingdom, have just been pub 5
lished. The general summary shows 4
that the total number of factories is GIG, Z
The number OF combing machines, H. !
number of spinning ~spindles, 4l,ll7,-
Dg4, number Of double spindles, 1885, {
3g7, and number of power-loOms, $40, sos. :
Of these, England has by far the largest {
share, the humble of factories there being ;
j69S, in Scotland, 507, and in Ireland 2lI.
spinning spindles alone England has !
81, 943, Ala, against 2,l23,93 3 in Scotland, 4
and !, 049,7 3l in Ireland; and of power ;
England has 4Sl ,3Sl, against 81 ,32S !
In Scotland, and $3.50 in Ireland. As to '
persons employed, the total is S45, 0G6, of 9
whom S5,22l, or o~ne-tenth, are children
half male and half female) under eleven r
years OF age; 1854 are males between
thirteen and eighteen; 2l7,707 are males 4
above eighteen; and no less than 473,624 /
are females above thirteen. OF the three !
cnuufriog England amnIOVg $50 ga mar