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488 TEE .LEADER. [No. 426, May 22,1858.
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IRELAND. Limerick Election.—Pending the ...
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AMERICA. TriK President and several sena...
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CONTINENTAL NOTES. That narrow and unchr...
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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The People's Lm4ov1dknt Assurance Socikt...
617 U . 9 s . Cd . per annum , and adding to this the revenue accruing from policies of other companies now in course of exchange , the Society ' s present income may be fairly estimated to amount to not less than 70 , 000 / . " The balance to tlie credit of the Society on the year ' s transactions in the guarantee department , after .. paying claims , amounts to 4658 J . 18 s . 3 d . " Your directors have to state that after dischai-ging the various claims made on the society from death , re-ass urance , and other causes , and also all expenses of management , with interest on the society ' s paid-up capital , there remains out of the receipts of the fousiuess for the past year a surplus of 13 , 192 L 7 s . 9 d . " Your directors , deeming it a good opportunity to invest a portion of your available funds , subscribed for 20 , 000 ? . of the new Indian Loan , the future calls upon which , as . they fall due , will be provided for by the ordinary accruing revenue of the society . '
" They have also to state that they have invested a further portion of their available funds in the acquisi . ion of the business of three assurance companies , on terms which they consider beneficial to your interests , and to the consequent extension , of the influence of the society . " Notwithstanding this increase of business , your directors are enabled to report a reduction in the expenses of management exceeding 10 per cent , as compared with 185 G"Conformably with the provisions of the deed of settlement , James . Davidson , Charles I- ' or . ster , M . P ., llictiard Francis George , James Edward M'Council , and Charles \ Villiam Reynolds . Jisqrs ., directors ; and Frederick William Goddard , Esq ., one of the auditors , retire from oftiee , tout being eligible , offer themselves for re-election . "The foregoing statement will , it is hoped , justify an unabated confidence in the success of the society , and tlie best efforts of your directors will continue to be applied to the extension of its business , with a due regard to tho interests of the proprietors and policy-holders .
" By oi der of the Board , •' WILLIAM CLELAND , Manager and Secretary . " In addressing the meeting , the Chairman , said : — - " I stated , gentlemen ^ last year , that your aggregate income at the « nd of the year 1856 was 47 , 900 ? . ; our aggregate income on the 31 st of December , 1857 , instead of being 47 , 900 ; ., was 58 , 687 & , showing a manifest improvement of upwards of nearly 9 , 0 OOZ . more than in 1856 . I will turn next to the revenue derived from life policies . In the first place , I am perfectly warranted , in saying that the condition of our life policies will be found to be satisfactory . I am happy to say that the yearly premiums upon new assurances are greatly increasing , ¦ whilst assurances for small amounts are decreasing . The average amount assured . by each policy which , is mentioned in the report , shews our increase of about
twelve per cent ., another indication of the same kind . I ¦ will now , gentlemen , refer to the guarantee department . In the year 1856 the income derived frora our guarantee policies was 72817 . Is . 6 d ., and the claims in respect thereof were 3132 / . 7 s . lid . In 1857 the receipts in respect of our guarantee department were 7372 Z . 3 s . 9 d ., and claims 3319 / . 18 s . 5 d . We have revised our scale of premiums with reference to guarantees , and whilst there 3 ias been an increase in premiums there has been a diminution in our risks of 64 , 540 / . I am also happy to state , that we have obtained the co-operation of several large public institutions , banks , and amongst others , the Corporation of London , which must prove a satisfactory source of profit to the society . In conducting the business of the guarantee department caution , is undoubtedly necessary , and tlie exercise of sound judgment with reference to all the circumstances connected with each
application ; but , when judgment is exercised , the guarantee business is a safe and profitable business . And indeed this is proved by our having realised more than 50 per cent , upon it during- the years 1856 and 1857 , the difference between the receipts and claims of which is all clear profit . " The Chairman announced a considerable diminution of expenditure , notwithstanding the large increase of business . Every farthing had been paid up to the time specified , and there had been no keeping back of payments to make the result appear better than tlie truth would warrant . The directors had
discontinued the finance committee ; and the saving thus effected had gone to the credit of the society . Notwithstanding the disturbances in our Eastern Empire , there had been no loss whatever on their Indian business ; not a single claim had arisen . " Gentlemen , " continued the Chairman , " I will merely state , in conclusion , that we havo purchased tlie business of other companies during the last year at a very satisfactory and profitable rate to the society . These businesses will not only materially add to our income , but are in a vari . ty of wava hicrhlv beneficial . " " fa *
Mr . W . Hill , of Ashton-under-Lyne , in seconding the adoption of tlie report , said ho did so with great pleasure , from th « fact of having had an opportunity while ha had been there of going over the papers , which their esteemed secretary had given for their information . He had examined very carefully Mr . Clcland ' s detailed report , and must say tlmt a more gratifying one could not possibly havo been presented by die boartl of directors . The r « port wus unanimously adopted ; Lho retiring directors and auditor were then re-elected ncm con . ; and Dr . Klmoro proposed , and Mr . llcckwith seconded , a voto of thaiiKa to the directors . This was unanimously carried , nftor which the Chairman returned thanks .
Mr . W . Hill proposed a voto of thanks to Mr . Clelund , secretary and manager , and said : — " Tho way ho baa conducted our afi ' airs lias been in a manner \ yh icli is deserving of gratitude , and merits our most cordial thanks And , I can only say , that , if Mr . Cldiuid continues to conduct tho affairs of tliis society in tho w « y ho has
done , under the auspices of such an influential board as we have obtained , I am sure that nothing can prevent the society attaining a future success—a success such as we desire and aim at . " ( Cfteers . ) Mr . Thomas Palmer had great pleasure in seconding such a motion ; and the Chairman , previous to putting
the in otion , bore testimony to -Mr . Cleland ' s valua-ble services , observing : — " We should be departing from justice if we were not to offer the strongest expression , of out gratitude for the admirable judgment which cur manager has exercised in reference to the affairs of tlie society . It is impossible that you could have a more zealous and efficient "officer than he is . ( Hear , hear . " ) Therefore , it is with the greatest pleasure that I put the resolution . " It was carried unanimously . Mr . Cleland briefly returned thanks for the expression of approbation and confidence shown to him , and declared that his energies would always be devoted to tlie promotion of the interests of the society , and was convinced that , aided by the shareholders and agents he saw around him , they should be able next year to submit a report even more satisfactory than that presented that day ..: '
Dr . " Watts then moved the following resolution :- — " That , in accordance with tlie practice hitherto adopted by tlie society , and in order to remove all doubts on the part of insurers , it is hereby declared that a policy shall not become void on account of the premium not b eing paid within the days of grace allowed therein , notwithstanding the death of the assured shall have happened within such days of grace ; " which , having been seconded by Mr . Nelson , of Leeds , was carried unanimously . The following resolution was also unanimously adopted : — " That the thanks of this meeting be given to George Alexander Hamilton , Esq ., not alone fox the attention given to the interests of the society , bu . t for his attendance this day , and the urbanity he " has manifested therein . " The Chairman briefly returned thanks ; and , a special vote of thanks being voted to the agents , and duly responded to , the meeting broke up . The meeting-was numerously attended by the shareholders and agents from various parts of the kingdom . .
488 Tee .Leader. [No. 426, May 22,1858.
488 TEE . LEADER . [ No . 426 , May 22 , 1858 .
Ireland. Limerick Election.—Pending The ...
IRELAND . Limerick Election . —Pending the election , some ruffians from the Irish-town have been creating great disturbances at night . The windows of those who support Mr- Spaight , one of the candidates , bare been broken with sticks and bludgeons ; but several of the rioters are in custody . . UxiVEnsrrr Refokm . — A circular lias been addressed to the electors of Dublin University , bearing the signatures of the Kev . Dr . Stanford , incumbent of St . Thomas ' s , Dublin , the Kev . Dr . " Willock , one of the junior fellows , and Mr . Henry Carleton , A . M ., acting as secretaries to a movement at present in progress for effecting certain reformations in the University . The Pkinck of Walbs has just forwarded a donation of 60 Z . towards the erection of a new church at Klllanie } ' .
America. Trik President And Several Sena...
AMERICA . TriK President and several senators have received a May-day compliment on the passing of the Kansas Bill . They were serenaded on the night of the 1 st inst ., and made speeches in response . The House of Representatives has ordered to be engrossed tlie resolution calling on the President to take steps for the abrogation of the Clayton-Eulwer treaty . Mr . Clingmnn . has made a report on that part of the President ' s message relative to Commodore Pnulding ' s seizure of General Walker , in effect condemning it , but declaring that no proceedings were necessary on tlie part of Congress . In the Senate , tho Paraguay resolution has been taken up . Tho amendment striking out the clause authorizing the President to use force was adopted by 31 to 19 . The whole subject was then laid on the table .
The nature of the last Kansas arrangement is thus described by tlie New York correspondent of the Times : — "At last I am able \ o announce that Congress has , so far as its action can do it , sent the Kansas agitation back into Kansas . It has been admitted under tho Ijecompton ( or pro-slavery ) Constitution , subject , however , to a popular vote of tho inhabitants of the territory upon certain grants of public lands to tho new State ; the acceptance of the proportions to operate at once o . s an admission , and their rejection to operate as tho defca ' tho Locompton Constitution , and to restore Kansas to the chrysaliH territorial state . Thus , tho Southern politicians can sny with truth to their constituentswhen
, they are obliged to render an account of their stewardship , that they havo not assented to any bill wliich provided for the submission of tho Lecompton Constitution to the people of Kansas for their acceptance or rejection . On the other hand , tlie Northern members cim tell their Hupportora that they have secured tho passage of a bill which does , in fact , give tho people of Kansas an opportunity to reject the pro-shivery constitution by the indirect voto upon the I » ud grant , if the weakness of human nature will allow them to vote down s <» largo n gift . Tho contest is now transferred to tlio territory . Federal officers nre to bo appointed to superintend the elections . The boat Congreasionul orators arc to be
The ship Majestic , from Liverpool for Charlotteston was abandoned at sea on the 29 th ult ., o-ving to afire on board . The crew and passengers were taken into St . John ' s . Boston has suffered from a very severe fire in Federal-street , during- which four persons ( hj . eluding two firemen ) were crushed to death by the falling of walls . The damage is estimated at 250 000 dollars . An auti-tax riot took place at Quebec on the 26 th ult ., and the military were called out to suppress it . The full effects of the flooding of the Mississi ppi have not been ascertained ; and a second and more serious overflow is apprehended . The frost of tlie 27 th of April is reported to have done considerable damage all the young cotton being killed . The ' weather continued changeable . ,
poured into the territory by the waggon-load to inc ' the people to resistance or acceptance . " Messrs . Stanton and Walker , the late secretary and Governor of Kansas , are about , it is said , to go to that State , in order to commence an . agitation against the bill which lias just been passed .
At Jsew lork , on the 3 rd inst ., the principal changes in commercial affairs were a considerable rise in forei ga exchange , and a more active inquiry for Bank sharesthe quotation on London for leading bills was 109 J , at ' which the market was firm . The advance had risen from the scarcity of Southern and commercial bills . Th « New York ' Times has published a ' statement with respect to the Mormons by a Swiss named Loba , who with his family , went to the Salt Lake City under tlie impression that he should there find a race of sainted . and godly people . After a while , he discovered the fulness « f Mormon iniquity , and . made his escape , though with the utmost difficulty , arid under circumstances o £
great hardship ; and subsequently he was joiued b y his family , whom for a time he had left behind him . He repeats the assertions which have already been so frequently made , -with respect to the excessive profligacy of the " Saints , " and asserts that secret murder is constantly resorted to in the case of persons Tho have made disparaging remarks concerning the head of the chutth , Assassination and robbery seem to be as common as polygamy ; crimes are committed with impunity ; and thoso who are caught attempting to escape , are treated with remorseless savageness . A Mormon lady , however , has given in a letter an account of Mormon life quite the opposite to this .
I'lie revolution in Venezuela has terminated without bloodshed . General Castro entered Caraccas on the 2 cHb of March at the head of ten thousand men , and was proclaimed temporary head of the Republic- The elections for Congress were to be proceeded with at once .
Continental Notes. That Narrow And Unchr...
CONTINENTAL NOTES . That narrow and unchristian feeling" is to be condemned which , regards with jealousy the progress of foreign nations , and cai-ea tor no portion oi the human race but that to -which itself belongs . JDlll ' -AMSOLD .
KKANCIS . The Government has done its best to obtain the defeat of its former favourite , M . Migeon , who , having completed his term of imprisonment for illegally wearing a decoration , has stood as a . candidate for Uellbrf in the department of the Haut-lthin . The Ahacien newspaper publishes the following singularly impudent letter , ¦ written in reply to an old military friend who asked his former commanding officer what way he should vote : — "Ministry of the Interior , Paris , April 28 . —My clear Koll , —It is the Emperor himself who lias designed M . Keller-Haas for the electors of the 1 laut-Khin . This
year , as last year , attempts are made to deceive the electors . The Emperor reigns and governs . Xotliing good is done in France without his consent , and , if he had preferred M . Migeon , the administration ( Wai authorities ) would not have been permitted to patronize any other candidate . I authorize you to show my letter to your brave fellow-citiz . cus . A thousand compliments . —Ksm . na . s 8 k . " M . Keller-Unas was also patronized by the clergy ; but , despite all these tremendous influences brought to bear against M . Migeon , he has been elected by 15 , 700 and odd votes to 14 , 350 gh-en to M . Keller-Haas .
A lamentable duel has been fought in tho l ! ois lie Vceinay , near St . Germain . M . Henry dc Tone , a veil luiown press writer , had given oflence to the military officers at tlie latter placo by sonio remarks which he had made in Fiyaro , Accordingly , a . sub-lieutenant challenged him : they fought with swords , and the military gentleman was wounded in the wrist . About t-wenty other officers were present , ami oius of these stopped forward , and said , " Now , sir , you will hu \ e to fight me . " M . do l'eiie at once accepted Hie challenge . liaa
though it wna very evident that tho twenty ofHcers come out with tlie intention of fighting their eni'iny till they hud killed him ; iinil , in a few second * , \ w was run twice through tho body . Several accounts of tlii * <'' ' gracuful afljiir have been put forward , tliuerinjj ; in * of the details , but aubnUutiully agreeing with the foreyoing . It is said that tlie second challenger wan at nrflt met with a refusal , mul that ho tlien insulted M . « c Pine , and struck him in the face . Tlio fir . sL adversary liad previously shaken liuuds with , and comi > lii" « lltcl '»
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Citation
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Leader (1850-1860), May 22, 1858, page 8, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_22051858/page/8/
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