Leader (1850-1860), 11th December 1852, Edition Town of 2, Page 1196, Untitled Article

TRAFALGAR LIFE ASSURANCE ASSOCIATION . OFFI CES—40 , PALL MALL . rll HTT 1 Sp / wnii AnTlTlpi TVTppfin 0 '< Yp fhlS AsaUranPft '" F- With regard to tho attacks made upon them , he considered thi » t Mr were all engaged . They would , he believed , carry home with them fi « , i I « OeOOna -a- UnUaime eH US / OI J ; *" -a-SSmninoe ^ ^ ^ b . n r had ^ mo&e } Me posjt : on . There was in « . of amore exalted kind u p ^ n the nature of liife assurance tb * Tth ™ ' |_ Company-was held On Tuesday , the 30 th Ult ., at twelve a vast difference between the three united institutions—the "Trafalgar , " the with which they-entered the room . They were not afraid , and Jb £ m o ' clock , at the Offices , Pall-Mail . GBORGB BbbMINGHAM , Esq ., " Professional , " nnd the " Waterloo , "—and the older established societies , afford to despise the attacks of Mr . Christie and others , for he consider ^ the Chairman of the Board , presided . The meeting was very with respecttolthe principles upon which Aej » wereembodied ; and in defend- no trne man who wished well to his fellow-creatures , and who vet 5 11 offl ^ oJl ing these institutions hi /( the Chairman ' s } impulse would have been to strike spoke against life assurance based upon principles like those offered to Ihl Jolly attenaea . . . in return , for he thought hard attacks deserved a hard repulse . It was said public by the " Trafalgar , " deserving of aught else than condemnation it The CHAIRMAN observed that it was at all times highly interesting to also that they had no capital . No assertion could be more gross and more was , perhaps , better , however , that such persons should be met with tirin watch the progress of a young society , particularly one which , like the calculated to impose upon public credulity , and the persons who said so muBt ciples such as they had heard enunciated to-day , that they should bn " Trafalgar , " had been established under certain difficulties , and at a period De aware that they were telling a falsehood . They had only to apply at the asked to confront the advocates of the new system fairly and openly af when , perhaps , some degree of doubt was thrown upon institutions of that office to see thedaily account there , to know that they had a capital of half a forded a fair opportunity , if they dared avail themselves of it , to exhibit description . "With this observation , and also with the strong conviction that million nearly untouched —( hear)—for they had only drawn 12 , 500 / . from it . the position and expenditure of the offices witt which they were connected the " Trafalgar" would become the most flourishing institution of the kind j n conclusion , he appealed to the position of the association to refute these at the same age as that of office ! such as' the " Trafalgar ; " and he would In the metropolis , he would , without further preface , call upon the Secretary attacks , which he . considered most unbecoming . then leave it to dispassionate men to say whether the principles offered bv to read the report . ' Captain J . W . Doniiny , ot Poole , as the representative of upwards of 100 any other office were more calculated to benefit the locial condition of man Mr . T . H . Baylis Cthc manager ) then read the following report ; shareholders , holding 3000 shares , had much pleasure in seconding the kind than thoBe of the "Trafalgar . " ( Hear . ) The old offices were esta 'The directors feel they have just cause to congratulate the shareholders adoption of the report . He expressed his satisfaction at the prospects of the blished for life assurance only , offering no collateral advantages : and " and assurers at this their second annual general meeting , on the solid success association , and was sure that if the proprietors would put their shoulders to moreover , imposed restrictions upon their customers which tended to that continues to attend the operations and progress of the institution . They the wheel they could bring a thousand policies to the institution every year . retard and confine , within a narrow circle , the practice of life assurance have to announce a very large increase to the income—the formation and con- Mr . JOHN Smith , of Liverpool , felt happy at having the opportunity of The difference between the old offices and the " Trafalgar" wa » this that solidation of many very valuable agencies in various parts of the country— supporting the motion for adopting the report , which he had read through whereas the former gave but one advantage for the premium of 1 / . li 0 . and the continually increasing confidence of the public in its principles and with the greatest attention and care a care which he had exercised in other . 2 / . 10 » ., -whatever the Bum might be , the latter gave five advantages management . In order to illustrate practically and forcibly the foregoing cases—and hud arrived at the conclusion that it ought tube unanimously ( Cheers . ) He hoped they would all take a copy of the repot t with statements , the directors beg to submit the following abstract of the business adopted . The report which had been laid before them showed the amount them , and show it to their friends . He assuredthem—and any director transacted during the first two years : of business which they hart done in the second year of their existence to be clerk , or other person employed in the office would bear him out in POTTflTS COMPLETED really astonishing , they having so far overtopped the first as to have in- what he said—that there was not one item that had been incurred in ¦ ¦ creased the number of their policies from 325 to 892 , and he believed that the whole course of their transactions , whether favourable or Comparison of the First No o f A . Producing next year the number would be more than double what it was at present . He unfavourable , that was not to be found in the financial statewiththe policie Amoun * in annuaf f .. un < I that their revenue from premiums now amounted to 9137 / ., and he ex- ment that hid been furnished . ( Hear . ) And in detailing the nature and Second Year ' s Business issued . assured - premiums . pected that by this time next year they would be at least 18 , 916 f ., or double extent of their operations during the past year , they had aot had recourse i what they now were—in fact , that the business of next year would produce as to any glowiug or evasive language , for there was no BtatEment tharein £ £ i d much as the two first years put together . Should that be the case , they that was not borne out by actual tacts . ( Hear . ) In the first place , they 1 st Year —From 24 th Nov . 1 < , „ , Q . . „ ., anao . _ o would not only have passed the " Rubicon , " but obtained a crowning success . gave an aceount at the business transacted during the first y » ar , against 1850 to 24 th Nov 1851 f 325 9 a '' 83 309215 9 If their balance-sheet were founded on the model of those of some of the old wh . ch they set the business tran . acted in the second ; and he need not 2 nd Year — From 24 th Nov \ cl ~ r , M ora cooi i <* offices , it would contain items which it was now altogether free from . Thus , direct their attention to the large margin exhibited , denoting the great 1851 to 24 th Nov 1852 . f 5 G 7 186 ' 8 G 3 838 ' J 7 in a balance-sheet of the « Provident , " one of the most respectable offices , to progr .. ! , they hacl made in the second year as comparjd with the fim . ' I I which he wished all success , issued in J 847 , there was an item amongst the ( Cheeis ) That they had more than doubled their income in the . econd Excess of Second Year ' s ? „ , „ -, „ , ftQn o , aa kia available assets , "balance in agents' hands , 16 , 1 \ 0 l . " They had no such item year must be highly gratifying to all who had heard the statement . They operations overFirs ; .... £ 242 101 ' 0 S ° 8288 5 ' ° in their balance-sheet , strange as itmight appear . They were not so impru- went , howev . r , farther , and gave the exact amount of their losses j and operations o > er first .... , > ^^ ^ ^ ^^ ^ ^ , ^ B . ^ ^ ^^ agent 8 > paying n 0 intercst to he would veuture to assert that the directors of very few of the old o ffices tt ,, tW « it i « « h « . wn that new nremiums -. mounting to 6381 / Is 7 d have been the company ; but all their funds were made available to earn something for would furnish the full amount of their losses in each year , unless called By this it is shown that new premiums amounting to uasu . ls . / a . naxe oeen nrnrTriotnrs ( Choral If a unrioro » n vounir as theirs could afford so upon to do so by the inexorable voice of their shareholders . ( Hear . ) Thev added duringthe last twelve months to the former income of the association , " ^ JP ™^; , t P , «!? A " usses and a / the ^ ame t ' me punctually and had also furnished a financial statement from the time of the closing of arisln ^ lT ^ CnturabTmeet ^ r ^ claiiu tat came ^ gains ^ hem andke ? f a ' baTanVeat the year ' s account * to the SOthcf . September last , but they must bearSn ^ V g ^ T , hn 7 th , rnrpe ' tor , attain from n ^ kin ^ arrv comment uDon it In their bankers , surely they were not fairly open to the attacks which had been mind that the whole of the 8 , 8001 . set down as the amount of the losses , rX ^ c / to their Zew * agents tledirertor ^ arr ^^ tifie ^ mbeine ™» de upon them b y the old offices , ( dicere . ) He believed that the public was not all made known up to that date ; , n fact , up to that period they reference to tneir numerous agents , tlie directors are gratinea in Deing ¦ " ¦ , I „„_ . ¦ , „ „ , ; ., »„ „„„„ rn _ n » w coniDanies at their proper had only received official information of . losses to the extent of 1 , 5007 . SwTthXeh ^ ^^ Know ^ d " ^ {^ . l ^ . ) AB ^ o ^ ever . t ^ J ^ nei ^ I ^^ xl ^ U ^ frZ tten ^ Tcr ^^ SS ^ feSfr ^^ ^ ° ^^^^ Tl ! l ^^ w 2 S&W ^ ^ rdia £ \ & ^ Sr ^ A V % ti % ZS ^ 3 S ^'^ ^ .. g SJ 3 F 1 SS Sw ^ e ^ v * £ t ? feable ^ bXn ^ t ^ SSSSSSSSH-SEf ^ SSrS ^ S ^^ SB ^^^ r ^ ss ^ r ^ f ^^^^ rJ ^^^ r ^^^ , ^ ivithout expressing tneir convictron , tn » t oy means ot experienced ami ener- s V . ( l Aii : ' , 1 ,, -i ... rOheers and lauehter ) Further- from all he knew , and having a firm reliance in thb excellency of the ma-= s HS s ; ssHSS air ^ 3 , HS : ^ i .: H :=. ; fe :: s ssssi—s-sa ^ ssjKria 'S SH ^^ ££ iu ^^ , ns = ; -ife = » .. ^^ a = ^ swsasr ^ sisa sa £ ^ £ riSSlaHS 55 . ^ 5 Hf £ linrlcrstniul from the fact that the sharrs arc not now to be obtained except ven and a half per cent . He found a company with a capital of fi , 000 , 00 ( li . the most untavouraoio nnanciai stateinent iney *! 1 UU 1 U ° . . . , , . at atargepremh . nl ^ Thc ^ mmber of -licieB lapfea b " deathts "" assuring , »» d bm ' M 0 ' Paid UP' « ivi » B * ° 5 t « proprietor . » return of fifteen per cent ., upon to issue . Tlu . s they were enabled to « k ^ Je ™ i ^ omS nex " year in the aggregate , 3300 / ., which H . un , being deducted from the premiums re- whilst the « Trafalgar" had only . 2 , 500 / . paid up so that they would see freely answered It had ^ n p . ognosticated that t ^ e r ... come year ceived , leave ? a large balance in favour of the association . The directors re- that the fifteen per cent , ill the one in . tance would be equal to 300 or 400 would be 20 , iMH ) f . Thm ua « doubtless a bold statement vo commend a dividend , after the rate of five per cent , per annum , to be paid on P" cent , in the other . He advised them not to be content with five per confidently believed it would be "ulwed . He « ld J '"* n ^ , in ^* , ^ the paid-un capital , nnd which they propone . hall be made payable , on and cent ., as at present declared , next year , feeling assured that thev were Christie ' s offlce in iti . 10 th year d . d a' gj **^ " ^™„ ' Offices had not , aftc " the 15 th if December next ensuiV 1 " conformity with the provisions f"Hy entitled to seven and a half per cent . A . an actuary , he coulJ prove the "Trafalgar"Jr . its » ec < md ( Hear ) ^• "J ^™ th ° J" h ' ad done ; no ; of the deed of settlement , two directors retire by rotation . The directors that their income ought to fuirly spread over thirty years , and that there- and did not transit anything like the new ™»'" f »« ^ " heir prillci P le » so retiring are , Mr . George Ber . ninghnm , and Mr . Robert Garland , who ' « re it would fairly pay double and treble the dividends they are now re- d . d they intendI to « t op ,. Pal I'M" 11 , l <> r t ley ( elt that ™\ P P ) i « ,, eligible , offer themselves for re-election , and are recommended by ceiving . ( Cheers . ) were . uch t hat they ough t U belli > re e * ' « " »' v . 5 A , ld W " hey udvocaled the boanAcrordinicly . The auditors who retire arc- Mr . TIm » . Cooper , .... d The report W «« then put , and unanimously adopted , amidst loud tubeknown •™ 7 . P £ » fnVegdSd " to ™ ?" . i Bir . ni " gb » m to Leeds , Mr . Alfred 0 . Tallinn .. They being again eligible , nre recommended to the clieera . .. .. „ "truth ' not libel , they luteiMlea . to go m » ' . , f vou | j c | lttiboard for re-el .-ction . The director * refer with peculiar Hatisfaction to the Mr Tkui . On rose to move the re-election of the retiring director , _ Mr . thence to Newcastle , and fiimlly to ^ Kdi ""^ 'V-l . ic pfo . !• hl > own town , fornmti ..., of the » Unity Fir ,- Insurance Association " -,. o ...,. Hny whirl . Bermin ham and Mr . Garland . Mr . Ber . uin . ham had , by hi . « l « q" «; nt «¦ ' »«/ ' ••• ^^" l /^ ' ^^ l ^^ d JSi ^ SSliloM enough to cnmbinc-H the inf-renu , inn .. « i . c « , , on .. ( : xi .. i , « , nnd « : o-o ,, er « . ion .. f the three -l '"« ch that day , shown them how worthy he was of support ; And Mr . ( Loud cheer .. ) He was conhdeiit they hud WJ t an tn , „ , „ kindred life offices , namely , tl > ,- " 1 ' rolessional , " " Tratalgar , " and " Water- Oi . rla . ul , a » a good architect , he was sure , would do his bust to e . tabli > h defeat those under . n » i ig Pr' , ct . cefl tl at had been w . ec illllcbtl ! d lo . >; " three offices already posNrssing in the ngKregate a constituency com- the society on ii sure and » t . adfa » t foundation . older coinpamo . Jixtewl of l e ^ ett "' B ' ^"' ^"" i ,, th « , 7 and stirred up posed of more than 10 , 000 persons , the power : r ,. d certainty of wl . oj e . cr- The Her . O . H . N .. K . e (;» i . d « . d tliu motion , lie know much of the gen- to them , because they had roused frc » h * " % & < - ' : ' ' ^ '" ' , liB father , tho iio .. n , to make .. iccess sure in ,.,, y enterprise in which they may cordially tl . men , u .. d he had heard ... or .., and , from all that he had « eeu and heard , those that were ( dormant , if suth tlieie w "'? - ( d H " „„ ,,, „( , which for r .. K « K e , mu » tl ) r apparent to every on « . Vhe dir .-ct-. rH .. f tile "Trafalgar he had arrived at the conclusion that they w-re in their proper places as founder of the » rrafalgar , - had recenl y P ^^ d aPO '" P . > of lil (! as . Ul 5 .-AHsura . ice AsHocia . i ,... - nrr gratified to state that g . M . d efft-ctH have members of the board of direction . ( Cheers . ) ph . losoph . cttl argument a idla . H '">^ , " » J , a Jin " nt " ami argument , connlr .-ndy accrued from tliix . onmxim , ; for , b y the "Unity" undertaking „ The resolution having been carried by Acclamation , . arai . ee , w «« mien , ijallo 1 ( CI . « e " - > * ^ fatlie " \ nomt i « . willinK ly , but the ahare of the expcM . diturc-the two o . liccH being curried on under <> . ie roof— Mr . H * . « .. v ... ovod tho re-election of the auditor ., and stated that , l . av- tamed there ... bad been drawn t om h h fat e . " «•'» Tne Ju ' i . lifi wen . the expenses of rr ,. t , ( axes , ,... i .. K < "re ..... tually in "u . l twenty year . ' experience of life as . urance , l . o could ( a . rly . tate in-t . tut . onH ho ba . l •!«««»*¦ ' « J »« \* ^^ . ^ " ^ their kludrel . ''« divid « - (/ between then .. Kur he ,, the eHtubli-hmei . t of the " Unity" hus nddeil thut tl . i . empany had far outUrinped the progreHH of u .. y other company . there ... shown ho v they couI . b lit th , m « lve » » . < „ tlu , wc i _ vastly to the ener K i .-. and e . hViency ,, f . he » ev , ral . pennies , by . ti ..... lau .. M f- ^ t ! Hr > ««« " « " »« - ¦''' . . « co ,,. le . l the ... ot . un , whiel . « . uua .... no .., fv W » hed for no '"' ^^ 'j' * ^ l " IV / to wi ttTe goo /^ viahe . of slm « - . them ... to , ieWcli .. ni . elsof 1 . HKf .. I .. e « Ha .. dadvB .. taK .- « , nec « Hsarily enlnrging rurrwd . f * ™ ol the i i . litiitton , and tilus n 1 > t 01 . 5 ' '" ' » ,, ut .. Mldren , th <> ii »>»» ' » , "' tl . e » pl . « rcof < . prrnli .... Softhe » TrHfulgnr . " Kiually , in reviewi .. the pn . H- Mr . KnwA . ii > ., of »«! ., seconded the motion , which w »» carried holders u .. d policy . older ., tat" " Vbv oxt " . d h ^ i ..-ctK , present H .. d future , ol the ussociation-in « Hti ... uti ,. » r the in . portant and uiiani . no . i . ly . . whom were yet " 'fo '" , »> ' « Oc ^ ''• ° y , ° ^ thL , B u .,. lltH , and of whirl . manifest influence , Mr «»« tl ., K .. d stability whirl , it un ., » e » liom , l . ly ,, o » SL . » The Ci . am . mAiv returned thanks , a .. < l asBur .- < l the proprietors that the K r «< it .. dvaiitn K es that bud bem . ' ¦•'''''" ; '' " . ' . ' , !; ' „ uJble , " tl . o inaKi »« ' - «"" U ... 1 couii . uu . dii in its nmivtw » .. . pprrcii . ti .. K directors would rver endeavour to do their utmost to promote the inte- they c . mld become partakers . Like the <» " } ' , firl | t ( ludun . l , on the . 'flerts nud progress of tl . o new ..... I valuable principles whirl , guide » n <» r «« t « of the ™ mp « .. . P ' »» " "'« " ' P '' ' "'' ' , ' Jhi m . UW'to& was . ft vided , und at future .... «» di . tin ui . h ItH truu » actlons , ami , in perf .-ct . eliiu .. e upon thedrterminallo ,. The Hoy . K Johnion 1 »< l a proportion to make which lie wan sure of u bo ,.... At , B"I' ° . ^ . ^ " ^ J ^ , mowt iportiolied at the dlvisiens of every one , however < on .. e < te . l with it , whether uh Hh . ireli ., l . ler » , ... surers , would ... eet with the .. probation ot every K ««« l « ' » " « " presnut—itbeing a « 00 , ( M 1 ()/ . Hut in the ' ** " i ,, the \ . " nl . u . would runmin »« r over u . a grnts , or .. . ¦ . lic ., 1 referees , to cut . il . ute to , ami insure it , imperialmble use- ™ te of thanks to tl . oir Iriend , Mr . Thomas Jlayli ., the manager » f the in- for the variou . P < " -P »» f P " ^ '" 'JK ' JB " , four or five children fulnrss ..... I HU .-.-es » , the director , ente .-tnin a ...... ftdenee , in wl . iel . nil . n ,,. t . titulion , to whose zeal » ,., ! ubility they were most d . uply indebted . We fu ... l for these grmt end- ; . 1 hey could e i "'« ™ , „„ ,. four or five t ,. . hm- . tlmt the "Tr .. f « lKi > r" is destined not . inly to realize profit i ... d ... Ivan- > 'iid had various oppo . tu . . ttie . « . f witnessiiiK tl . o oxertio ... ot Mr . llayli ., at the flrHt dlvU . on , »» }•>» » ' « * 7 . y ddui , » , As year , rolled on , vast t .. .- o its sha . « l . old .: r ? and assurers , but in due time to confer U . eMin . nhl ., »» d he culd truly say that tl ... prosperity-of tl . « " Trafalgar" was wholly taketl . e . r places , as well as filee ; ""; j ' ^ ' , ! , j e " y , . Th ( 1 » K <| uital . le ' benefits ..,... » the community » t l » r «« . duo t .. the exertions of that K e .. tlemn ... It wa « t . »« that the directors number ,, would b » educate 1 , pr . tIced , a . < I ^" ev < tott ( , r | ,, lnl » «"" «• lly » r . l .-r of the K ...... I , were nnxioii * to do nil ... their power to promote tlinintormts ot the com- « a « little ..... ro tliun n .. o'dnin . y man « > . «' , vet n w | ti <||> . tne ,, 0 « r " < ii : «> iuilt IU : uMiN » llAlvi , 01 uiiri > iai > . " pni . y , but Mr . Haylis stood ii . th » position to tl . em us the inuii . sprii . g to a grave ; it hud not uttracted ol Ijito yi ; a « . inn | « . ' 1 U ,, | tlmy w « n > ¦ The ClIAIHMAN , in propi . i . i . > K lb « udoptio .. .. f tl . e report , H ,. i . l— ll would watch , without whirl , it could not o on . IIu had the plca . urt , of b . > in ol" < - » '' .. d done so , and bencn they "a' - «' x < - , " ' «( 1 ( . I 1 ( .,, of the pul'l '" wl . be si-.-.. Hint rmmnmis progn-ss l . nd been mud .- Hi . Ke tlie laKt . ii .. etiii ) r , uml con . tnntly in coii . miu . ieatioi . with Mr . Dnylis , und a more energetic «>« Hpni . ili » K tlio . r u . oi . e / I ., tryinjr jo Hiiaue ii . u ... » ^ <) v (; i | a , | illml tl « - in ilin ... Mirt they l . nd ndlier . il to fin ts , which , like their policiio , wi-re iudis- mure t « l « .. t «< l n . iin could not exist . ( Cheers . ) ro . i . uct to thorn . Jlut tl . ey eoui . i noi .. <> ii , <¦> y tt ,,, 1 (| | ,,. t .. ot on » lMitnblr —( her ) : for it npn « i . red tl . ut they »„ . « rather ... odemle . They hn . l Mr . Hi .. ; ok would do violm . ee to bis feali . iKS ifho allowed tl . o reso ' tition ftcd shareholder—uvoryoue Imd receiv . d a nol : - «> » ,,,,., „ , l , B » r . ) H « not sunken of fuels referred to by other coMipnnir ., n .. < l told tli .-u . of the nuoi- to puss without aerouding it , and bearing Ilia tustimony to tl . o energy und had uttere . l a ri . niplamt or pi < iiiouiit . au a ii . i | lt . nr (| nil the K" » her of poll . irs aec < -pt « d , whirl , formed u f . M . nlu . n Iron , which tl . ey ml lit tulenls of Mr . T . Uuyli .. wished they had . ill ciimo , so tliut tlui > ' "" KMJ ' t , , llld ,, vm . ti . Kei . draw ocrusioimlly , nnd which would serve t < i » w .: ll the j ( ro » H ....... I . e .-of noli- Mr . Kmiiii iil »<> bore Iuk testimony to till ) sn . no effect , und things that lii . il Deen suiii . »''«» " « r 1 '' , " !"; ' . V , / , ' looin porniH ''" - | "V cles The bonr . l hud Tir , policies before then , for < oi . sideri . timi , wl . ieh wouhl Tlin Ci . Aii . Mxim . aid lie could . <>! put ll . < - . esol . iti . ui without bearing the door olT tlio liknges ho an to i Jioui "lL '"'"' ! , _ ,, Imd n <> < l « rh » be u biislni-Nsii . itself lor nuy ottice , but for one in the se < i . nil ynu of its ex- testimony to tl . n ex traonlimu y skill , .... ti . i . iK exertions , great activity , did not introduce ii » v mystery into i . in . r I " » ° ¦ t , ., )(| illg » uiig lit » ot i > ten < e It wns most enconrnijing . Tlie bonr . l did not lik « to trmiNnet business tt . i . l spirit , with whirl , ho carried on tl . e Ihihimohh of U . o co . npany ; .... ma .. . worn to secrvsy us thool . l oIIIcom >><>•> , so tl . at uj ^ I , (> llltl ,, 1 (| , ui . d h » ut random nnd every one of tbeue policies , ei » l > r . i .: li > i ( in ull xlli . Hia / ., wm . lil boii . ir better muiblml to curry out tlie prineiple . of life nssuraiice tl »» Mr . reach the public ear . lllear . ) 1 Hoy invitti ^ uio '"" 1 ,, !„ ., „ . tukli . K '" , '"¦ ? .. <• "" t at scrutiny whirl , every i . ulivi . lu ,. ! would lv « to « ,. y ! . < ,.. < wl . iel . 'I'lu . L Iluylis . (< : i , ee ,,.. / tl . ou l . t tl . o ..... nberot B o .. tl .,. ne .. fro ... l ' « ' I """" , ^ . " ,, loWV , | that tl . ' -Y " imifci'te him , «» d they were nnxloos , o ,..,, d the interest of the , ,. Mr . Thomas II Ha vi . ih , who w » h v ,, ry warmly received , said be felt of their pro «« . id ... « rH < -r tl . o I .. J » r ... i . tion ot the I ^ ^;/ w ,, r <« 'l tl » " ' r linnv sad not to trnr . Mi . ut thfilr business in n slovenly manner . When tli .-ne ) l ( , eouM not express hi > nense of K . « titudi > as he wished to . 1 .. . for tlio Imd nothliiK toco . n : eul . ( Hear . ) 11 o I < p < ' nil . ,,,,, 1 , 1 , (| l . mr ii » 'J ? lf . " imli .-los w « r « completed , It . night be relied u | . o ,, tlmt they w . i . e ,, 1 < ., I ... I v ,-. y kind mam . or 1 » wl . ieh l . l » ..... no l . u . l be ... uientloned ; ..... I that it was reports , and diirest the sent inetitH «> nl 11 " ; """ , ' , ,. ,, i .. xprewl """ . * . ' J , 7 « ¦ ni .. " . Us .. s flr ... nnd « ... « « k 1 ........,, documents could bef lie l . u . l be .,, , 1 . o ,,,,: ( , of tho utmost K . < utilic » li . m to 1 . 1 ... to know tl . ut tl . e exertion . lu .. > . t « r . ) H « l , «( C ( r «< l .. Rain to tl 1 ^ .. ^ X ' , ' w » uld b ««« " » ' '"" ' "" , ¦ ' ; told bv eminent iictuariitH th . it 3 M ) , ( HMt . wns tli « ....... out .,.., e »« nry t ., .,, eurr whirl , it whs only bin duly to briny to bear upiMi tl . o promotion ol tl . o in- trusted , ... concilium .., t but ho , ''""'*" .,, „ , „ top , and tl . ut y »» r ull ' an tnsura" " . « nipauy , and It would b « perceived tbnt tl . ey l . nd ,, r ,.. ly n . rlved ter «» t » of the con . piiny , l . nd ... nt wTtb their approval . ( Cl . wrs . ) II .. was verted s . iK . ir-loiU . expandniK ( . » . th" ^ | HI "" „ , L of u v ,. « lly-l »"''"« ' atthstamm . it whi .. l . secured thru . Iron , every m . ssible < o .. tiu ,,,. cv . ( l | ., « r . ) < l ., lt K l , t .- < l beyond m « a . ur « tl . ut the results that tl . ey bad that day been year tl . ey should U enabled to reportt ., t . a . «»« ' ( f (|> lld ,, flOrr » . ) Th . amount of tll . lr poll . l . » ... urrd wns mm tft-J . llio / . ( Ilrar . ) Tne bnlui . ee « ,, « bl .,, | to prosont to tl . e Hl . ur . tl . olders n . ul tl ... public who l . » d « ' *«„ them amount ol b ,. » l .. e « H , us . on ,,.,,..,. ! wit . ts p . 1 . lu > e »» > c ,, n .. iltl .. K »" tllll i r ' l ? sbret l . nd , ; t « tml what it l . nd < :, » st to ncjulre this l .. r , { r uinount of bu . ine . s , tli ., 1 .- support , had mot with their unanimous ..... I cordial approbation , and Tin . O . am . man .. « . t I >''' I »>» " « ' * f" "''"" * bt | ltie . as a writ . "' ui "' » which w » - ... " 0 , < MM ) l . n yonr , and it budVerlninly required r .,.. r ... mi . e » e . - ' whi , I . wf . s a ... fllcient return to him for any ... ixietjr or l . l , » ur which ho wlm was distlnKulsl ..,. ! » k « . ' . , V 1 J " t oM , K I . nui . d l «« y "" \ '" V w ? iloni . * t " , e , » rl .. / tl . el . a . ' .. t » » . ' « 1 "' - ' ¦ Htaff , i . »« l «» tl . o p . rt of thel , e . cc- 1 ... 1 brought ... bi . ar in tho . levelopmont o ( tl ,,, principle . .... which the ... ti . 1 st and ' " 7 ^ . ' , !! m " nl , . . m wl l <^ il ' « T . uf . lB . r '"'« ¦* .. »¦• live whohn liletormlned to oxrrclsr , all tl . oir powers to i ., er . m . " « th ,, l . ieome "Traf ,. l ar" wu » founded . ( CheerH . ) llo assured the ... ho was not indebted lor those K . an . l P > i n nip l « s < " » w , ^^ tll < 1 MinKl <"""" ' f , ' l . e - ss clutio ... To secure ( 111 . l ...: « . » e of 1 I > , «( K « . tb . 'y h « d sunk 14 . . KH . / ., i ,..,,,, sU , m to , | ,., respon-iblli . y that devolved ........ him ... their ... u ... . r . . u . c « ««»» J »» y" ^» - ""^ ' ^ , El . to tl e , ' ri . ^ ipl . ' - ofm ^^ ' ^ i ..., l It did . mt matter what . nl l , t be said about « . « trav . |{ a .. c .. wl . 1 , 1 . w ,. s only n » r to tho po . ltim , ,, t ' others similarly » lt ,. M ,,, l . He . trovo to t est of P » n' <>»» <>* Mv . Unyli ' , ^ well-timed lll . « rali « y . H « fully oxpe « t .. d thut n . « t y « r their incon . r would hi . ul . lllty to , llHrh ,,. « hi » d . » ti <> s « frmaiv « ly ... id eonseientlounly , and in and his desire to « . » ' ¦»» ««»» w J' ™ „ . 1 they would carry tho . «»<> ' » be W . mU . ( llenr . > Now , mill not any ... a ., of buslnnsi . consider this u . uch n way a . to merit tl . oir approbation . ( Cheers . ) Tl ... . p « eehes do- nu . ro entitled ««»• ' « ^ b ' '" eh . lion , „„„« .. ! - lucky Ilit ? But mnny persons w .: r « intlmldnted at tlie expense . mii . I took a livo . od that . . Iny in praisu of th « » Trafulgar , " and K « n ., rally up .... tho im- tlon ho now prop » " •«• »»* "'"""" "J , , ' , tho ru , uluti ( ii > , which wus u .. n » short- » l | fhte < 1 view of the matter . Tb . iy would hm thnt they hn . l an Income porti ,,,.,, and noc .,-sity of lit ,, assurance , would , tin was certain , animate Mr . J . Ani . ii hv uuhham soi . u » u " .. 1 ..., „ ,..,, » ,, r . ii ^ ., 1 , 1 ..,,, l .-. l ^ x „• ,. ! whirl , fullv luntlllcd the out- every irm . llo . nan oreuunt to aid them in tlio «<> n < 1 wink in which they inuu . ly carl-tad .

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