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Leader (1850-1860), 25th June 1859, Edition 1 of 2, Page 777

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      should think it would prove highly satisfactory to the members . A portion , which at first sight might seem not to tell well for the financial prosperity , is in reality a certain sign of its doing well the work that it is instructed to perform . No less , than eighty-four families felt the blessing of Life Assurance by the receipt of the amount of their policies on the death of the assured , and with the remarkable addition of jE 15 000 bonuses on a sum of £ 54 , 000 assured . This is a mere fleabite , to use a now popular phrase , on the assets , as is proved by their declaration of a further addition of If per cent per annum bonus to all policies of five years' standing . The directors of this company have just put forth a reply relative to the cases of W . C- Fowler and others v . The Scottish Equitable , and as far as we can judge they have fully substantiated that they have acted in every way according to "the duties they have to perform , and in accordance with their responsibilities to the

      members of their society . The Economic Lite Assurance Society has just issued a Report of the Seventh Quinquennial Meeting , and from their simple and straightforward statement , we find they are in a successful and healthy state . The following is a summary of : the statement ' : —Number of proposals made , 3 , 136 , averaging JE 627 per annum : policies issued , 2 , 578 , averaging £ 516 per annum ; sum assured , £ 1 , 875 , 434 , averaging £ 375 , 087 per annum ; new premiums , £ 64 , 684 , averaging £ 13 , 000 per annum ; new premiums and renewals combined , £ 883 , 365 , averaging £ 176 , 673 per annum . Claims have arisen during the five years on 647 policies , assuring the sum of £ 505 , 927 , bonus to the amount of £ 79

      and carrying , 402 , giving an average bonus of 18 £ - per cent , on the sums assured , the highest bonus being 60 per cent . —i . e ., £ 2 , 978 on a policy for £ 5 , 000—^ -and the lowest 10 per cent . The society now assures , by 7 , 181 policies , the sum of £ 6 , 216 , 647 " , and is in receipt of an annual income of £ 260 , 000 . The company is now a purely mutual one , having , owing to its large amount of accumulated profits , been enabled to redeem the shares at a handsome premium . In reading the report we are glad to see the searching inquiries made by members , and the full and clear manner with which they are replied to , indicating , that there is nothing to conceal and that the institution is in a sound and prosperous condition .

      Messrs . Calvert axd Co ., the brewers , whose affairs during the past year have been conducted under inspection , have issued proposals for carrying on their business as a limited company , the unsecured creditors taking shares at par for their claims amounting to £ 726 , 601 . It is said the profits for the year ending the 12 th of April last were £ 44 , 990 .

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      Cokpek ani > Tin . —78 , 641 tons of copper ore were imported into the United Kingdom last year , while 24 , 787 tons of British copper ( exclusive of ore ) were exported thence . The imports of tin last , year amounted to 2 , 955 tons of tin and 628 tons of ore and regulus , 2 , 327 tons of British tin were exported , 23 , 725 tons of zinc or spelter were imported , with 2 , 012 tons of calamine stone , or carbonate of zinc , and 533 tons of the oxide ; 3 , 985 tons of British zinc were exported . The imports of lead were 14 , 139 tons of pig and sheet lead and 2 , 316 of ore ; whereas the exports were 352 tons of ore , 17 , 645 of rolled and pig lead , 1 , 910 of shot , 490 of litharge , 2 , 292 of red lead , and 2 , 684 of white ( or carbonate of ) lead .

      Banking ix Illinois . — " Iota , " the Springfield correspondent of the St . Louis Republican , furnishes that paper with the following interesting article on the manner in which banking is done in that State : —" Under our system of banking a small cash capital is sufficient to get out a large circulation of bills . For instance , a person wishing to go into the business must have money enough to pay for getting up the bills , engravings , &c , and a few other incidental expenses . He then buys State bonds on a short credit , deposits tlie bonds with the auditor , who issues bills on this deposit ; he takes these bills , which are now money , and pays for the bonds . To prevent the bills from being presented for payment , the bank purports to be located at sonic place , bearing a classical name , which generally proves to be a swamp , in some part of the

      LiVEni'Ooi . Docks .- —The Warehouse Committee of the Mersey Harbour arid Dock Board report that the surplus revenue arising from the various dock warehouses , amounted to 33 . 000 / . for the last halfyear , which ' was transferred to the gonernl fund . This sum is a considerable increase on the previous six months .

      State , difficult to be found . In this way , the in an who has now . become a banker is in no danger of having the notes pressed upon him for redemption ; consequently he . keeps little , and , in fact we may say no money at the place where the bank is located . What the banker makes by this transaction is the . interest on the bonds desposited with the auditorthe coupons of which are delivered to him every six months— -and , besides this , all the bills which are lost , burnt up , or destroyed in ajriy way , is that much more in his pocket . Thus , witli a small cash capital to start the thing , the banker may get out one hundred thousand dollars' worth of bills , for wliich he deposits as security bonds which draw , generally , six per cent . ; thus he receives the interest on these bonds , amounting to about 6 * 000 dols . annual !}' . "

      Facts And Craps I? Au1s Ainij B^A^A.

      A serious riot took place at Canterbury on Saturday night . Several soldiers were wounded , and one man , just returned from India ,, is said to have been killed . ' The dispute appears to have arisen between the cavalry and infantry , in a low neighbourhood called Knot ' s lane . AletterfromMilan , of the 12 th , says : —" Yesterday evening the band of the Guides , so well known in London and at the Crystal Palace , at Sydenham , played for two hours before the portico of the Scala . Among other airs , ' God save the Queen ' was given . Most of the hearers knew it as well as I did . " A statue of Dr . Jenner , by M . Eugene Paul , has just been cast in bronze , and set up temporarily opposite the river front of the Louvre .

      Several drinking fountains are about to be erected in the east of the metropolis . One opposite St . John ' s Church , Bethnal-green ; one in Carr-street , Limehouse ; and a large one on Tower-hill , opposite the Mint . The vestries of St . George in the East and Shoreditch have also decided to erect drinking fountains . The dinner of the officers who served before Delhi in 1857 , took place on Tuesday , at the Albion , Aldersgate-street , under the presidency of Major General Sir Archdale Wilson , Bart ., K . C . B ., supported by Colonel Sir J . Jones , Colonel Tombs , Lieut .-Colonel Ouvry , Lieut .-Colonel Wilde , Major Forster , Major Lowe , Major Sorel , Major S . R . Turnbull , Maior W . Wilson , Major Warrand , &c .

      The amount of money remaining to be issued on account ofpiiblic works in Ireland is 342 , 035 / ., being the difference between 3 , 654 , 298 Z . authorised to be issued , and 3 , 312 , 263-Z . actually issued already . Lieutenant 11 . C . W . Mitford , adjutant ofllodson s Horse , has been recommended by Lord Clyde for the Victoria Cross , for distinguished gallantry . Dr . Temple , head-master of llugby , gave a school holiday , " in honour of the youngest Victoria Cross and adjutant in tlie army being a Rugbean . " At Novara , there are two large airy hospitals , one civil and the other military . All thejadies of the place , without exception of -r-ank or position , liave offered their services to the surgeons as nurses , and their conduct is stated to be admirable . They may be seen with white aprons and tucked-up sleeves , comforting and relieving the sufferers .

      A grand bazaar for the benefit of the German Hospital lias been held this weekat St . James ' s-hall . Among a variety of contributions from the Continent were some valuable presents from the Royal families of Prussia , Hanover , Wurtemberg , &c . In the old tropical aquarium in Kcw Gardens there is a fine specimen of the lace or lattice leaf plant of Madagascar . It has been copied by the artificial florists of London and is becoming very fashionable with ladies , many millions of leaves having been made and mounted into wreaths , garlands , and cliaplets ; it is now bein ^ largely exported to all our colonies . The bonnet constructors have named it the skeleton leaf .

      Her Majesty ' s visit to Ireland may form the commencement of her autumnal trip—that is , her Majesty will proceed on from Ireland by sea to Scotland , in the same manner as on the occasion of her first visit . This is given as the most probable arrangement at present . The Marquis of Salisbmy , as Lord-Lieutenant of Middlesex , gave his annual entertainment to the officers of the several regiments of local militia , and to the county magistrates on Saturday last , at his lordship ' s residence in Arlington-street , Piccadilly . Above 200 noblemen and gentlemen were present .

      The Countess Persigny gave a ball on Monday evening at Albert-gate House—the first since the departure from England of the Count Persigny twelve months since . The Duchess of Cambridge and tlie Princess Mary and the Hereditary Grand Duchess of Mocklenberg Strelitz honoured the Countess with their presence . Oix Sunday afternoon smoke was seen issuing from the Cunopus , lying off Key-ham , steam-yard , and in less than ten minutes a groat number of boats from the ships in harbour , accompanied by the enginoa from the dockyard , were surrounding her . The flames were soon subdued , and the damage done was found to bo of no serious amount .

      It is said that Mr . Moneriefi ; M . P ., is to be appointed Lord Advocate for Scotland , and that Mr . Melville , the Lord Provost of Edinburgh , will both ? new Crown agent . A hundred eight-wheeled waggons have been sent off" to tlie army of Italy for tlie purpose of conveying the gunboats intonded to operato on the lakes and rfvors . A squadron of the waggon train accompanies those vehicles . Monday , being the 22 nd anniversary of her MajoeCj ' fl accession , was distinguished by the firing ofroyul salutos , the ringing of merry peals , tho

      exhibition " of , the royal standard and other flags , and the usual demonstrations of loyalty , General Ullon , who earned a high reputation with Munin in Venlco , is no longer Commander-in-Chiof of the Tuscan army , which now forms part of the oorpo Wanntie of Prince Napoleon . It is not stntod whether General tllloa remains with the army or retires in disgust . It is assorted positively that 12 Q , 000 Russians arc collected at Kallsch , that about as many arc on the frontiers of Galllola , and lin . IT that number on the Moldavian side . These armies of observation require to be carofully wntoho <) .

      The total amount of the sums insured by all the fire offices of England on farming stock , exempt from duty , for the year ending 1858 , was . £ 06 , 490 , 458—viz ., - £ 39 , 272 , 430 in town , and . £ 27 , 218 , 022 in the country . In Ireland the amount was . £ 1 , 070 , 531 ! ; and in Scotland . £ 6 , 009 , 491 . The season of the bands in the parks has fairly commenced ; not fewer than 50 , 000 visited both the Regent ' s and Victoria Parks on Sunday last . Tho receipts by the sale of programmes wore , highly satisfactory .

      Last week , Mr . D . Hose , gamekeeper to tho Duke of Portland on his estate at Langwcll , succeeded in capturing two fine young goldon oagles , one of which was got without any injury , and in ulivo and lively , A considorablp number of the same description have boon seen among the rocks thia season . Tlie death is announced ( from yellow t ' o \ er ) of the Bishop of . Antigua , Dr . fc » . J . Itigaud , formerly master of Ipswich grammar school . Dr . Kigaud went out to tho colony only twelve months sinoo . His widow and family have also suttered from

      yollow fever . , , William B . Hill , a fanner of Bridgeport , Conn ., had boon missing , Ills wlfohad hhjportruit published in an illustrated newspaper , with a notice offering a reward of NJO dols . for information concerning his whoroabouts . This brought out a lettor from him to his wife , postmarked at Thomsonvillo , in which ho suggoata , it is said , that elio had better man ago to save her lOOdols . Tho Government of Mjlan ha . s issued a decree enacting that all deeds and other legal documents drawn up by notaries uro henuuforth to bogin with the words : " Under tho reign of his . Majesty Victor Emmanuel IL , King of Sardinia , Prince of Piedmont , &c . &o . " Tho sentences of tribunals are , to bogin with : "In virtue . of tho powors received from his Majesty Victor . Emmanuel , &c . &c . "

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      Int elligence . ] V THE LEADER . 777

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      FACTS AND SCEAPS .

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      FROM THE LONDON GAZETTE . Tuesday , June 21 . 31 ANKRUPTS . Samuel Carter , Fen Stanton ( and not Tien Stanton as previously advertised ) , Huntingdonshire , corn and seed merchant . Charles Freeman Cotterill , Harrow-road , Paddington , linendrapcr . William Dennia Sluitt , High-street , Shoreditch , ironmonger , Armond Stnnntml , Little Cadogan-place , Chelsea , livcry-stablo keeper . William Trump , Wellington , Somersetshire , wine and spirit merchant . David Sillar and John Charles Sillar , Liverpool , mer-Robert Davies , Moelidre , Llandrillo-yn-rhos , Denbighshire , innkeeper . Friday , June 24 . BANKKUrTd . George Smedloy , Now Sleaford , Lincolnshire , glass and qhina dealer . Samuel Trencher , Fenchurch-streot , City , licensed victualler . John Clarke , King ' ii Lynn , victualler . James Elliman , Miougji , draper . Henry John Payno , lixmouth , coal dealer . James Holdswortli , Wolvcrhampton , -timber merchant . George Wood , Rayloltfli , E ssex , buildor . Edward Peters , BUaton , wine and spirit merchant . Robert Davios , Mochdre , Denbighshire , innkcopor . Bernard Parry , Newmarket , former . , Joseph Allison , Stock ton -upon-Teua , cattle dealor . SCOTCH DANKUVPTS . Thomas Dorin , Glasgow , spirit dealer . James Hastings , Glasgow , warehouseman . Aloxandw 13611 , Hamilton , Lanarkshire , dealor in cloth . John Taylor , Edinburgh , builder .

  • Citation
    • Leader (1850-1860), June 25, 1859, page 777, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2300/page/21/