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A POLITICAL AND LITERARY REVIEW,.. MERCA...
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VOL,. IX No. 449.] SATURDAY, OCTOBER 30,...
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PATENT DERRICK COMPANY
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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Transcript
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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Jzmpit Ftp If K^ R \Zj
JzmPit ftp If K ^ r \ ZJ
A Political And Literary Review,.. Merca...
A POLITICAL AND LITERARY REVIEW ,.. MERCANTILE JOURNAL , AND RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MINES , SHIPPING , & c
Vol,. Ix No. 449.] Saturday, October 30,...
VOL ,. IX No . 449 . ] SATURDAY , OCTOBER 30 , 1856 . Price { SS ^ . ™; JJgg ^ F ""
Patent Derrick Company
PATENT DERRICK COMPANY
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( Limited ) . Offices—27 , CORNHILL , LONDON . Capital , 100 . 000 Z . In Two Thousand Shares of 50 ? . each . directors . W . E . Durant Cumming , Esq ., Lloyd's . Thomas Moxori . Esq .. 29 , Throgmorton-street . Joseph R . Croskey , Esq ., S 4 , Kins William-street . City . Captain M . J . Cnrrie , R . N .,. Vernon-terracc , Brijrhton . ¦ William Barter , Esq ., 12 , Langbourn-chambers , Fenchurclistreet . Lewis Hope . Esq ., 4 , Bisliopsgate-ohurcliy . ard . Captain James Rawstorne , R . N ., Abingdon-villas , Ivensing-Albert D . Bishop . Esq ., 9 , South-crescent , Bedford-square . Solicitor—Charles Walton , Esq .. 30 . Kueklersbury . Bankers—London and Westminster Bank , Lothbury , London . This Company ' s Derricks are eminently adapted , by their great power , to raising sunken and recovering stranded vessels . The average number of Wrecks upon our coasts , alone , exceeds 1000 annually , comnrisinff upwards of 150 , 000 tons of shipping and steamers . The estimated value of tins loss , taken at 15 / . per ton for vessels and cargoes , amounts-to 2 i millions sterling . A large proportion of these vessels maybe recovered by tho Patent Floating Derricks , at a guaranteed * rate of salvage , ranging between 25 and 75 per cent . An agreement has been entered into with tho Marine Insurance Companies ,, and Underwriters of London and Liverpool , which secures to this Company 75 per cent , of the net salvage proceeds ( after deducting working expenses ) from an vessels and cargoes , suiik prior to tho date of the agreement , that may bo recovered by means of tho Patent Floating Derricks . In tho United States , two of these machines , belonging to tho New York Derrick Company , have raised and saved over 400 vessels . This Company commenced by paying its shareholders half-yearly dividends of 10 per 09111 . ; but , since July , 1857 , lias regularly paid quarterly dividends of the like amount . The Directors of tho Patent Derrick Company and their friends have taken and paid up in full , shares to the extent of 40 . 000 J ., in order . to construct , and submit to the Public , one river and ono sea-going Derrick ( rocoutly launched ) , prior to soliciting co-operation towards tho highly important and promising enterprise ; for which the Company has boon established . Tho Directors are now issuing to tho Public further Shares of 50 / . each in tho Capital Stock of tho Company to tho extent of 20 , 000 / . Thoso Shares are required to bo paid as follows :-i—10 / . por Share on Application , and tho remainder by Calls of 10 / . each , at intervals of 0110 Month between each Call . - Forms of Application for Shares , and Prospectuses , may too obtained at tho Oillcos of tho Patent Derrick Company . 27 , Cornhill , London , E . C . G . J . SHARP , Soc .
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IMPERIAL LIFE INSURANCE COMPANY , jl , OLD BROAD STREET . LONDON . Instituted 1820 . DIRKOTOUB . MARTIN TUCKER . SMITH , Esq ., M . P ., Chairman . GEORGE WILLIAM OOTTAM , Esq ., Doputy-Clmlrman . Thomas George Barclay , Esq . Goorgo Hibhort , l'lsq . James O , O . Boll , Esq . Saumol Ilibbort , Esq . Jamos Brand , Esq . Daniel Mlldrod , Esq . Charles Oavo , Esq . Thomas Newman Hunt , Esq . Goorgo Henry Cutler , Esq . Frodoriok Pattlson , Esn . « n ° ™ ' W ^ tV * Esqi - William It . Robinson . Esq . George Field , Esq . Newman Smith , Esq . SECURITY .-Tho existing UablUtlos of tho Company do not exceed 3 , 000 , 000 / . Tho Investments aro nourly l , 000 . < 00 / ,, in addition to upwards of 000 , 000 / . for which ttio Hiaroholdors aro rosponslblo , and tho income is about 120 000 / por annum , ' PRO ' FITS .-Foun-FiPTna . or Eighty por cont . of tho Profits , aro asslgnod to Pollolos ovory nfth year , Tho next appropriation will bo mado in 18 < U , and persons who now olloot insurances will participate rat ably . BONUS , —The additions to Pollolos Uavo boon from 11 . 10 h . to 03 / . 10 s . por oonfe . on tho original uuins insurod . OLAIMS . —Upwards of 1 , 200 , 000 / . has boon paid to claimant a uudur pollolos . Proposals for insurances may bo made at tho ohlof ofTloo aa above 1 j at fcho branch ollloo , io , Pall Mall , London 1 or to any pf tho HKonts throughout tho kingdom . SAMUEL 1 NGALL , Actuary .
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FIDELITY GUARANTEE . ALBERT LIFE ASSURANCE AND GUARANTEE CO 3 IPA . NY . Established 1 S 3 S . This Company grants policies of guarantee for the integrity of managers , secretaries , agents , commercial travellers , clerks , and others in positions of trust , at moderate rates . Every description of life assurance . Chief office , 11 . Waterloo-place , Pall-mall , S . W . ; branch office , 63 , Mooryrate-streot , E . C . HENRY WILLIAM SMITH , Actuary and Secretary .
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ALBERT LIFE ASSURANCE AND GUARANTEE COMPANY . Established 1 S 3 S . Principal-Office . li . Waterloo-place . Pall-mall , London , S . W . City Branch . 03 , Moorgntc-street , E-C . DIRECTORS . Rear-Adm . the Rt . Hon . Lord GEORGE PAULEf , C . B . Capt . Thomas Porter , R . N . Swiufen Jervis , Esq . William Peattie , Esq ., M . D . William Kinsr , Esq . Capt . the Hon . S . T . Car- George Goldsmith Kirby , negie , R . N ., C . B . Esq . Licut .-Col . James Croudace , j James Nichols . Esq . H . E . I . C . S . ' George Raymond , Esq . Assurances , Annuities , and Endowments granted , arid every other mode of provision for Families arranged . Half the Annual Premiums for tho first live years may remain on credit for aiiy period until death , on Pay mo 111 of Interest at live percent , per annum . Parties alllowed to go to , or reside in , most parts ol tno world , without extra Premium . Naval and Military Lives , not in active service , assured . at the ordinary rate . Policies forfeited by non-payment of Premium , rcvivable at any time within Six Month * , on satisfactory proof of health , and the payment of a trilling Fine . No charge for Policy Stamps . Reversionary Interests in every description of real or personal , property purchased . Security to Timploycrs , Guarantee for Fidelity in situations of trust . , Forms of Proposal , with every information , may bo obtained at the Ollico or tho Company , or by letter , addressed to HENRY WILLIAM SMITH , Actuary and Secretary . MUTUAL LIFE ASSURANCE . THE WHOLE PROFITS DIVIDED AMONGST THE ASSURED . THE SCOTTISH EQUITABLE L 1 ITE ASSURANCE SOCIETY . Instituted 1831 . Incorporated by Special Act of Parliament . THE NEXT INVESTIGATION into the 1 AFFAIRS or tho SOCIETY , in order to tho Declaration of a Bonus , will bo mado nt 1 st MARCH , 1830 , when all Policies then of FIVE Years' oudumnoo vyill receive Additions . Thoso Additions may , in the option of tho Assured , bo applied Uius : — 1 . They may bo added to tho sum payable at death j 2 . They nmy bo commuted into a present payment ; or , ! J . They may bo nppliod in reduction of tlio future Premiums . . Tho following waa tho position of tho Socloty at 1 st March , 1858 : — Amount of Existing Assurancos ... £ 1 , 037 , 1-11 Annual Rovonuo 18-2 , 717 Accumulated Fund 1 , 000 , 400 Copies or tho Inst Report may bo had at tho Hoiul Odlco , or from any of tho Sooloty ' s Agents . Head Ollico , gu , St . AndrowrHqimro , Edinburgh . ROUT . CHRISTIlC Manager . W AI . 1 'IXLAY , Secretary . ' London Oflloo , 20 , Poultry . AR 01 I . T . RITCHIE . Agont , ! l
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AUEJNTB REQUlltj )) 1 'Qll Til IS MAGNET LIFE ASSURANCE SOCIETY , Established 1801 . Omni ? Ovviom—ii , Moorguto-strool , City . ProBpootuHOH , proposal forms , and ovory Information for © fl'octliiff Polit'lon mny ho obtained by luttoi * , or personal application at thoUhluf Ollico , or to any of tho Society ' s Agonts throughout tho Kingdom . lulluoutlul pormma dotilroiut of talcing Agonclos whoro appolntmonta aro not already uiado , cim apply for tonus , « o ,, to tho Managor , 8 . l'OTT . t
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LAW PROPERTY AND LIFE ASSURANCE SOCIETY . 30 , Essex-street , Strand , London . Capital ,, 250 , 0007 . DIP . ECTOaS . Ralph T . Brockman , Esq . . Folkestone . < Etlward Wm . Cox , Esq . 3 G , Russell-square . George Frederick Fox , Esq ., Bristol . E . 13 . P . Kelsey . Esq ., 'Salisbury . J . Mead , Esq ., 2 , King ' s Bench-walk , Temple . H .. PaulUEsq ., M . P ., 33 , Devonshire-place , Portland-place-EIGHTY PER CENT . OF THE PROFITS divided among the Assured-At the first division of profits in May , 1845 , a bonus was . declared , varying from Two to Eleven per cent- , on . the amount assured , and amounting , in many instances , to upwards of Fifty per cent , on the Premiums paid . At the Second Division of Profits in 1 S 58 , an EQUAL PRO RATA BONUS was declared . " " * * Every description of Life Assurance business transacted . EDWARD S . BARNES , Secretary .
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ACCIDENTS OF EVERY DESCRIPTION . £ 1000 IN CASE OF DEATH , OR A FIXED ALLOWANCE OF £ 6 PER WEEK IS THIS KVKST OF ISJUBT , May be secured by an Annual Payment of £ 3 for a Policy in the RAILWAY PASSENGKRS' ASSURANCE COMPANY . A special Act provides that persons receiving compensation from this Company are not barred thereby from recovering full damages from the party causing the injury ; an advantage no other Comncwi / can offer . It is found that ONE PERSON in every FIFTEEN is more or less injured by Accident yearly . This Company has already paid as compe'is-ition for Accidonts 27 , 9 SSJ . Forms of Proposal and Prospectuses may be had at tho Company ' sQllU-. es , and at all tho principal Railway Stations , where , also . Railway Accidcntsalonomay beinsuredagainst by tho Journov or year . NO CHARGE FOR STAMP DUTY . Railway Passengers' Assurance Company . Olnces ,: 3 , Old Broad-street , London . E-C . WILLIAM J . VIAN , Secretary .
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LOANS AND INVESTMENT S . WELLINGTON LOAN & INVESTMENT ASSOCIATION ( Limited ) , 3 , Chatham-place , Ulackfriai's , London . Deposits received at 0 per cent . Interest , payable halfyearly . Loans granted at moderate rates Particulars of CHARLES W . ROE , Secretary . N . B . Agents required in town and country .
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QOUTH AUSTRALIAN BANKING O COMPANY . Incorporated by RoyalChartor , 1847 . LETTERS of 011121 ) IT and BILLS issuod upon Adelaide , Port Adolaido , anil Uawlor . Approved drnl'tu negotiated and sent for collodion . Kvory description of Banking business is also conducted direct with Victoria , Now South Wales , ami tho oihor Australian Colonies , through tho Company ' s Agents , Apply at 01 ., Old Uroad-strcot , London , E . C . WILLIAM PURDY , Manager .
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B ANK OF DEPOSIT , Established a . d . 1844 . 3 , Pnll-Mnll East , London . Partloa desirous of 1 NV 13 STINU MONEY aro ruquostod to examine tho Plan of tho Bank ov Dkj'osit , by which a high rnto of lnlorosfe may bo obtnlnvd will ) ammo security . The InU'rosit is payable in January and July-PETKlt MORRISON , Managing Director . Forms for opuulug Accounts sent free on application . DEl'OBIT AND DISCOUNT JJAN ^ CTO . 'Vj' - 17 » 1 VJ 3 PER CENT , is paid on a \ L & uMti rqQQiM ^ I ? on DEPOSIT , inu-rowt lmld Imffjoittfe ' . ^ :, " ' ,, ' { Tho Rih'lU Hon . tho Earl of J ) KVOIkjpii /» Mnftyl * ' - ' , ¦ ' } (( . Ll . ffifj . WfifafQW (^ Otlluos , 0 , Caiinon « str « otM ' ost , E . C ( ' •* : ^^ ' ^ V ^^^ i ~ Z
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WU 18 KlKS--EQUAIJtfATiqN OT j ™« g ; T . TI 10 olmlooKt Rcloh and irl-li f « W i ^ L * WO ^ ' ^ Ballon .-OWiiN niul Co ., 7 A . l . " . vt-r ' 1 ' j M *^ W * S «&' - ' Ti ! . O ., opnoslLo lliu Custom Jloiiio . \^ lil | OlMFV »/; Ww % suppllod . NC ^ ) \ V ' / V
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Citation
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Leader (1850-1860), Oct. 30, 1858, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_30101858/page/1/
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