March 11-3 
THE FIELD. 
235 
_ ► for said oue of the lovers of doubt uud uncertainty, 
eflcct, foi» , M'Bko circumstances are different; m 
v^y co „v?nce the Government by «l,ur ? «f 
>>‘ h WC ft rtanco of agriculture; — 110 ' v ' "c don’t; no Wa to 
Se Advantage of th^nor-ancc of the public to scH our 
VT V6tlxa W^wdo’noi believe tills candid gen Heuian. 
c F ! f-innevs ftvc like the Duke of Orleans, who too* 
S °"bt for vices lie never practised. They arc not a sellfe 1 
cr fJ[ f fellows ; they do not take in the public; on the «m- 
* ct ° f they are tlitf lira* victims of panics ut all kinds, 
n not quite understanding the question, they gam time 
£ consider it by urging such absurdities as we have quoted 
ab After a il the nonsense talked, the project of Lord Ash- 
. cJows in favour daily, and it was only through the 
T ^influence of one member of the Club, who on this 
1 Society that a unanimous vote m f.no.ir of Mi. 
on^inal resolution was turned into a scc-san 
in wild, corn, Too 1, farmer* mill**, and Hoorn 
„ mivpil nn in curious confusion. 
W The doings and savings of the Farmers’ Club have not 
left us space for more useful, although, perhaps not in >re 
important discussions, by the Hanover Square Society, to 
which wo may advert next week. 
MEETING OF THE DEPOSLMVVI) GENERAL LIFE ASSURANCE 
n,. Monday even bur, a mcobinif oPthe policy-hold Crs in this company, 
,^'leS.s hold in the Masonic Hall, Angel Inn, Oldham , whw 
Mr. Eoi.lrstos : It is no balance unless It bo on the right side. 
(Hear t Thou ho found Hint tho whole of tile shares were t-ikeu up, 
and to him that was very satisfactory. Seeing that there was security, 
honesty, and a good plan In the company, ho determined at ouce to 
throw heart and soul Into th • cause, and to work it .as well as lie could. 
(Ucur, hear, i He began on the of February last yeur, as agent 
lit Leeds, ftiul before leaving home that morning. on referring to his 
proposal tiook, lie found that slneo tho time ho commenced, the nuuibur 
of proposals entered from Leeds was 1,037. (Applause.) The York- 
shire folks were agreed that the plan of the company was a good one 
II: might ho asked, what was tho particular good about that plant 
There wore gentlemen present who would speak about tho other 
prominent f nturcs of tho company, mid he would con duo hlinielf to 
speaking of the merits and bexutlcs of tho deposit system. lie 
might premise, that a party wanting to Insure Ills child, oouhl do so 
tor ~\<l. per day, which was a very small sum ; but 2)./ a day would 
got tho child 1 1 ' / when it becunio 21 years of ago; or, If the m mey 
wore allowed to remain until tho child became GO years Of ago, tlure 
would bo for him or her 1 10/. a year so long as that man or woman 
lived. (Hear) But It was the deposit system that first cheered and 
captivated him. Supposing a person of 10 year s Of age Gad 30/ , and 
that ho purs that sum into the funds of the company, by doing So bis 
representatives will receive at his death the sum of 100/. 13,. G./. 1 lie 
man had no occasion to pay a single farthing lOOro than that, amt K 
lie died the next day, his rep- esenfutlvcs wou'd get lOOf 15,. G l from 
tho company. The great beauty of the deposit system was, that it 
needed no payment hut one. Supposing that when a man gets to he 
15 years of age ho has again 30/., which he places in the funds of tho 
society, that sum would produce 931. 9s. Off - ; the chances ot life not 
being so good at 15 as at 11), the amount to the per <on's credit at 
death would of course be so much the less. At 2_i years of age. the 
present, Tu order to give every information respecting tho 
of .ho society. There wore likewise present rep rescut at ires off 
shareholders in the company from Bristol, Leads, London, Birmingham 
“"Sr SKreicl, as this was a pound* shillings, and pence question, 
i, a thought that Me Tipping, being connected with a bank, would 
make an excellent chairman, and, accordingly, lie moved that that 
irpotleinan ho requested to preside over the mooting. 
® jjj. u E v.\x, of London, secomlod tlis resolution, which was earned 
Un Thl ra c“umuAS (Mr Homy Tipping, bank manager, Oldham) said 
he certainly felt verv much flattered by the position they ha l put him 
in that evening. He did not know that it would have been Ills lot 
since he carno to Oldham to occupy the chair at a P >hhc in _“ e ' l )i n 
trrcatf.st uenoiiujio* » 0 .. , 
intended fo take the chair, but, being about to proceed to tacnthmd, 
u,!S prevented from fultilling his wish. The following was a copy ol 
the letter received from Mr. l'latt on the subject : 
<« Hartford Works, Oldham, February 20th, 1831. 
<• nr vn Sir.— As I am expecting every day to have to go to Scotland, 
it will not be in my power to accede to your request to take the chair 
on Monday next; but in thanking you for your politeness in this matter, 
I may, perhaps, he permitted to express my cordial approval ot the 
principles of your society, so far as I am able to judge. I ain delighted 
to And that the working men of Oldham are showing so much foresight 
as to invest their savings in so satisfactory a manner, and I hopo that 
hundreds and thousands will follow so noble au example. I urn glad 
to learn that other societies in the town are also in dung progress; 
and l entertain the conviction that it Is hardly possible to overrate the 
importance and value of the great fact that, by these me ms, we shall 
soon see small capitalists vise around us. on all sides, many of whom, 
no doubt, will be able, bv subsequent exertions, permanently to rune 
themselves in society, and the whole of whom will, at all events, have 
the satisfaction of preparing for a rainy day. But this is not the only 
benefit which will accrue fl'om the success of yours anil kindred 
societies It appears to me that it will tend most materially to elevate 
i he people, in their social and individual character and |*osition in the 
world, and thus contribute to draw together still closer the bon Is ol 
society, bv creating interests which are common to all. 
“That Oldham may take the lead In bringing about such happy 
results Is my earnest wish. B lievo me, very truly yours, 
“James Platt. 
Ho was sorry that Mr. James Tlutt was not there that night Bu 
when he (the chairman) was asked to ta’-o the chair that evening, he 
was asked if he was interested— h" supposed specially interested — 
and ho told Dr. Murray that ho wn. nut specially interested in 
this society, but that he was interested in all soe eties that had the 
welfare of tho working classes at heart. And us a pro.d ol th.ssln- 
ccritv, he instanced the fact that his life was insured in three different 
assurance offices. (Hear, hear.) lie common cil assurance when a 
voting man, and when his means wore limited; hut as his income 
increased, he extended the amount of the assurance’. And tile very 
circumstance that induced him to take out a second policy, sprang 
from those provident habits that ha l induced the desire, not only to 
elevate hlinself, but to leavo a comfortable provision for his wile and 
family. (Hear, hear.) Therefore, he came forward that evening to 
advocato with all the power lie could possibly command, the desire 
that they should promote their own interest l*y assuring their lives. 
Ho did not know whether he shmil 1 attempt to explain the principles 
of life assurance,— that, lie thought, would not be requisite at the present 
time- and as to the particular c nnp.any on account of which they had 
met, lie should prefer to bo rather a listener. He assumed tli.it the 
deputation who had come to visit them that evening would lay before 
them nil the tacts, unit show that such societies us lie (tho chairman) 
was connected with might be improved by such provisos ns would, no 
doubt, he brought before them that evening. As to the principles of 
life assurance, ho was prepared to tell thorn what the Messrs Cham- 
bers, of Edinburgh, thought of it; in ilm " Miscellany" »f the Messrs. 
Cli imbers, 5tli vol., there was an excellent dialogue on Iho principles 
of life assurance. No gentleman had done more for the well-being 
of tho working clashes than (he Messrs Chambers, and all they said 
to the working classes, tho working classes might rely upon. (Ap- 
plause.) 
Mr. Eggleston, of Lc ds, obsorvoil Hint ho dared say it would be in- 
teresting to the meeting to know how he got acquainted and eomivc toil 
with the Deposit and lieneral Life Assurance Company, lie had been 
frequently applied to during the Inst five or six years to take agencies 
of companies established in London, but lie found none in coincidence 
with Ids own view •, or tli.it lie could throw Ids efforts into for tho pur- 
pose of furthering their objects. A gentleman came down to Leeds, 
with whom ho had tho honour of an interview, anil that gentleman put 
into his hands the prospectus of the Deposit and Ocnerul Life Assurance 
Company, lie was tempted to look over and study the prospectus, 
ami, having done so, lie sold to himself that tills was Just the office that 
had been loug wanted— just the office ho could work for— and just tho 
office that would suit Hie working classes of Oldham Seeing that Hie 
prospectus was so satisfactory, so ample and so complete in its details, 
ho proceeded to make a few other inquiries. It; - thought to lilmsolf 
that Hie prospectus might he well drawn up, and he very good, but 
still it was only upon- -paper ; it was all very well to have u good plan, 
but unless that plan was carried out it was perfectly useless. Well, 
lie made special inquiry .is to who Hie men were that made the plan, 
for lie could assure the deputation from the society, that because a man 
came from London they did not necessarily luve a very high opinion of 
him. (A laugh.) In fact he made mure searching inquiries, because 
tho promoters of the company were strangers, who came from a place 
far away from Yorkshire and Lancashire. Well, lie wrote up to Loudon 
about the compauy, and they gave him ns a rofcrcuco Mr. Charles 
Edward M'Arthy, manager ot the branch Bank of England at Leeds. 
He went to Mr. M Artliy, and said to him that ho wanfc I to know 
what he knew of this company, and told him that he was satisfied with 
the plan of It, hut that lie wanted to know sottiatllllfg of the men who 
got it up. That gentleman then assured him that tho company was a 
bonaJtJt one; that the people who got it up were respectable people ; 
that they wore people of intelligence, of wo Hi, and benevolence, and 
that they wished to s c their follow-crealurc* rendered happy and pro- 
vident. .Mr. M'Arthy told him that lie might throw Ids weight and in- 
fluence towards getting business for the society in London. He (Mr. 
Egglostono) was nut even satisfied with that; lie wanted to know 
something about the money, because tic knew there might he n good 
p'.iut, and good men to conduct It, but that unless there ivm plenty of 
money at their disposal there was something wanting, (Hoar, hear.) 
He thought tho bankers balance made a man srund two Judies 
higher. 
Tha Ciuuuux i 1( the balance be on the right side, (A laugh.) 
person makes another deposit of 20/ , which at his death will produce 
the sum of StM 0s. IN.; at 25 vonrs, 10/., producing at dith 2 /. 12« 3 /. 
T hus the person has paid In 100/ , for which there stands to Ills credit at 
death the sum of 300 /. ih«. 3./. Now, this too/ , under the deposit system, 
was not sunk; Hie depositor could get It out if ho liked, and at the 
same time derive from it nonrly savings' bank Interest. IN ell, he 
would suppose that the depositor of the too/, at 33 years of age wanted 
to get married, that he had no- been able to save anythl g since he was 
25 and that lie thought 40/. would bo a eap.tal thing to flinilsh Ins 
house with. Well, lie applies to tho society for 10/. But 10/. would 
liuvo yielded 91/. 13*. !</>., which sum must he deducted from the sum 
otherwise due to his representatives at death. Thou the depositor 
finds that lie has still 00/. in the funds of tho company, and that at til* 
dentil there will be due to his representatives tho sum of 215/. 4». l id. 
Well, at 10 years of age Hie depositor Wants a little assistance; lie llnds 
that lie hud made great sacrifices at early periods of his life, that lie 
has had a bad year, and that instead of putting any tiling into tho 
socictv, lie wants to withdraw from It 10/. Ho withdraws the 10/, 
which would cause a deduction from the sum due to his representatives 
at death of 21/ 2, 7-/. lie bus still in the society 50/., amt there 
stands at his credit tho sum of 194/. 2s. W. At «0 years of age the 
m m wants 30/. out of the society. Well, ho gets this and Ills policy is 
cancelled, lie having had the benefit of tho policy all his lifetime. 
That was tho deposit plan, and ho thought it was a plan which merited 
the approbation of all who were f)-ioiidly to tho well-being of society. 
I Applause, i He thought Mils was one of live most interesting societies 
ever established, and the deposit plan could bo applied to all kinds ol 
policies, lie thought Hint Hie statements made by Mr. Nelson, the 
eminent actuary, wore so coinplcto and satisfactory ns to carry con- 
viction to the mind of every person that Hie company ought to he 
encouraged. (Applause.) One or the first arithmeticians and ablest 
men in tho kingdom (Mr. Nelson ill id prepared tho tables by which 
the company were guided, and there could ho no doubt as to their 
accuracy. There was another point to which lie would briefly voter, 
and that was the Indisputability of the policies of tho company, and 
tli it. in ins opinion, was a subject that ought to engage the attention 
ot every one If there was a company that said, “ wo m ly dispute your 
policy, - lie advised them to pause before they entered into that com- 
iuiiv. (Hear.) The Deposit Company had met the policies s > hand- 
somely and liberally, that it mast succeed, and the great success it 
had had in all largo towns was, lie thought, an augury of its success. 
(Applause.) .... .. 
Tlic Chairman observed that tho system of deposit was quite now to 
h *Mi\ Bevan, secretary of the company, on vising to address the 
meeting, was received with loud applause. He said, after tho very 
explanatory manner in which his friend Mr. Eggleston had addressed 
th in, lie had taken almost everything out of his Hand, except tho 
ordinary transactions of the comp my. It was not Ills intention to run 
down any oilier company, or to stigmatiso any other company in any 
way, for, in his opinion, every other company must succeed as well as 
this, if arranged proper! v, and carried on in a proper way. (Ili-ur, 
lua .) file evidence adduced before the House of Commo is, tn re- 
ference to insurance companies, proved the fallacies and utter falsity 
of the charges brought against tho young companies by the older 
ones, and especially by the Scotch companies. (Hear, hctii;.) there 
was only one instance of a life assurance society fulling. And when 
nn insurance company found that they could not go on prosperously, 
the/ could, without the least difficulty, transfer at a profit their busi- 
ng's to another office- The Legal ami Commercial Fire Insurance 
lotions during tho brief period of tbeir oxtstonce had been groat, they 
put out their money ta> good account. The attention of the meeting 
had been c ailed by Mr Eggleston to tho deposit system pursued 
by tho company. Now he i Mr. Bevan) was not so much an advocato 
for tho deposit ns for the ordinary system adopted by the society. 
Supposo a person could pay 10/. iv your to Insure his life, and that no 
had paid that premium far twenty years At the end or that time, 
supposing ho broke his arm, and. was rendered nufft for his ordinary 
occupation, or that from some other causo ho hist ins employment, ana 
was thus doprivod of Ills ordinary Income, which rendered him unablo 
to pay tho premium of osanvnnce, he would think it * very hard tiling 
that, because of Ills Inability to pay Hie premium, ho should lose tho 
200/. h« had paid into the fluid* of the society. Tho warty so situated 
might go to s-imoof the ofiicos and represent tUo hardship, but tho re- 
dress he would receive would bo a scanty pittance. In preuf of Mil* 
ho read a loiter (tom Mr. t.ansdown, a gentleman rosldlug at Bath, 
who hail paid Into a society twenty-five pounds a year for three year* 
lint at tlio end of ihnt tlmo waa unable to pay up the premium long or. 
He represented tho hardship of Hie cn.su to tho society, butntt Hint 
lie received in return was 3/. 8j. Welt, the Deposit Soclotv did 
the very opposite of that. For If the assured, finding lilmsolf unablo 
to pay tho premium, went to tho ottlco and said so, tho tlmo ho 
had paid Hie premium to the society was taken into consideration, 
and the value of tho premium lie would have had to pay had ho 
assured his life for the period between the tlmo lie became a policy - 
holder and that when ho ceased to pay tho premium (Instead of for 
tho while term of his oxlstcnc ), was deducted from tho amount lie had 
paid into the society, and for tho remainder lie received a deposit 
policy, tho amount ol which was payable at hts death to ills, ropreasn- 
t.itives So that in the dopaslt company a man after ftvo years pay- 
ment never lost his money il lie wont to the society and said that ho 
was no longer able to pay tho premium. But it a man allowed ills 
policy to U|>su without saying anything* of course lie alone wua to 
blame and must lake tho consequences. If, however, ho went to tho 
society and aid that ho could not pay tho premium, tho society would 
giro him a deposit policy, or a policy equivalent to tho value of tho 
difference between what he had p ud, and * hat ho ought to have paid 
supposing lie had only assured up to the period at which ho ceased to 
pay the premium (Hoar,, hoar.) The question might be put —how 
can you do this? They could do It, because they put out tile monoy 
nt compound interest, and upon very good security. Tlio policy ot tlio 
government was favourable towards life assurance societies Lie found 
that In tlio new Reform Hill it was proposed that crery person having 
50/. In a savings' b mk should have a vole A memorial was being goo 
up by the companies to the government, in which It was urged that 
every person assured in 100/. for flv- years should have a vote. And 
lie saw from the Tint** newspaper tluit tho lords of the treasury have 
consulted to appropriate the fund arising IVoiu unclaimed money 
orders and from unclaimed property ip dead letters to the payment of 
part of the premium on the policies of such of the officers ot tlio post- 
office, in an v part of the United Kingdom, us muy Insure their lives. 
Thu fund now amounts to about 1,000/. O, year, uud there is an accu- 
mulation from past years of about 13,0001. . " lilcli Is also to lie applied 
to this purpose. .So that tlio government had recognised life nssurnneo 
as that which every man should engage in ; and Iho Chancellor of the 
Exchequer said, whon ho introduced his budget, .that It was lncumbout 
on every man to insure his life. 
Tho Chairman reminded tho meeting that tlio policy-holder could 
deduct from his Income tlio amount of premium on life nasuranco In 
making returns as to income tax . 
Mr. Bevan observed that tlio government had made so great a re- 
duction in the stamp duty that all respectable offices paid It tinmisolvos, 
so tli it now there positively was no excuse for any person not Insuring 
Ills life. As to burial and money clubs, to which some people had re- 
course, they wore disgraceful affairs, and ought not to bo tolerated; In 
fact, the evils of burial societies had already been promlnontly brought 
under the consideration of parliament. (Hour.) lUshad come there 
to answer any questions that might be pul to him Of course ho Imd 
a strong feeling In favour of tho company which he represented 1 hut 
ness to another office. The Legal 
Company, at London, which was snpnortcd by some of the most emi- 
nent mercanti e firms in that city, found that their losses were so 
•■rear, it was perfectly impossible to go on, and consequently add 
their business to the Manchester Fire Company. The same thing 
took place in life offices, which, ho need scarcely tell them, wore much 
more profitable than fire offices, mid Instead ot Iho transfer being a 
loss, it was a positive gal i to the policy-holders. There ivusnO doubt 
th.1t Mr. Nelson, who drew up tho tables of the deposit CO Iipany, was 
the first actuary in the world, uud Hint with him Mr. Christie c >uld 
nut be brought into comparison. HU eiido ico was taken three times 
before the Itausa of Commons, amt upo i o m occasion, ju-t before the 
committee made their report upon the subject of life assurance. 
(Hear, hear.) The evidence of every actuary, and the opinion ot the 
House of Commons, wore in favour of life assurance. Andparllame it 
was about to introduce some fro h regulation* for Hie g ji lance of any 
now i ompiinics that night bo e«ubU#hed. The ugout of the Deposit 
Company at Oldham. Mr. Crompton, had, ho was happy to say, effected 
more policies in their company in three months, tha i had teen 
effected in ail the other insurance companies put together in twelve 
months. ( Applause. ) Mr. Crompton had ably advocated the 
clui ns of tiiis company, and, like everything vise that was very 
good, it hud nourished in hi* bauds, and tukeu up u proud 
position in the town. (Hear, hear.) Bat us Mr Crompton was 
sooietim s bored with questions as to the respectability of tho 
board, ail I ns to tho respectability of tho secretary of the company, 
ho, Mr. Bovan) thought tlio best plan was, for any one who w. is dis- 
satisfied to look at the bankers book, and he was willing to pay tlio 
expenses of any one who wished to go up to London to see It. He had 
with him the stamped claim receipt book, showing tho payments they 
had made; and he might state, that in the present month of February 
they paid 500/. to Mr. Freeman, of RicUinausworth, on the death of 
his wife. Tlio company Invited -they courted - inquiry. If there was 
m, v gentleman in the room who wished to make any observations, or 
to 'put any questions as to the business or details of the company, ho 
should bo glad to near them, xml to give all the explanation and in- 
formation in Ids power. (Hear, Hear.) He might observe, that on 
the 25th of February- the company were asked by a gentleman residing 
nt Bristol to udruuce to him a loan of 42 090/., and in reply to the 
application the solicitors of tho company stated, that if the security 
was good tho money would be advanced. (Hear, hear.) It was very 
likely that in a short time the company would have an extensive 
power and influence, und occupy a commanding position In tin* and 
tile adjoining counties. Again, lie said that if there were any question 
or suggestion any one present wished to make, he should be glad to 
give all Hie Information in Ills power, and io answer any question 
that might he put to him. (Hear, hear ) He might observe, that f 
they referred to tho premiums alone, without considering the capital, 
they would bo more than sufficient to meet all the liabilities ul the 
company, and nlso to give a handsome bonus. (Hear ) Ho should 
lie glad to answer imy question, and fearlessly challenged any person 
to inquire into the respectability and stability of the company. 
The On airman said lie would put n question by way of provoking 
inquiry. Mr. Bevan had mentioned the word “bonus; would 
be good enough to explain what was tlio moaning of the word us ho 
applied it? 
Mr. Bevan: Tho word “bonus," in tho sense in which ho ap- 
plied it, meant a certain amount of profit nddod to a premium at 
the end of n certain number of years, the ratio, or proportion, 
being 75 per cent, to the p dicy -holders, and 23 per cent, to tlio sluire- 
Tli'e Chairman said to tho meeting that Mr. Bevan had come 
down from Loudon for tho purpose of girl •« every Information 
on the subject, and lie hoped that those present would put to him a >y 
quo tloni Hi d might suggest themselves as to life assurance. 
Mr. Bkv in remarked that under the Joint Stock Companies Act they 
M-cro obliged to publish every twelve months their bulanc vahoet, under 
a penally of 20/. per day when they failed to comply with the act, and 
tlirv were nlso obliged to publish a list of slinrelioldors every twelve 
months under a similar penalty Ho Him proceeded to remark, tli.it 
the accumulation of money in Ufa assurance nuclei tea was so great, 
that suinc offices did not knew what to do with tho funds a. tholi uls- 
pojjI, and offered to advaoc* money to tho aovtfanumt. Such lua 
net Utn tha «a«a with tha Deposit Company, for (hough th«h ftcaumu* 
Sir Charles Price, of London’; to the celebrated actuary, Mr rvolmn 
or to anv of tho directors, lie then mentioned that 100 policies nan 
been effected In Oldham, and that being tlio case, ho thought the policy- 
holders were entitled to sumo information at the hands ol tlio company. 
It was for Hie policy-holders and others t<» seek for Information, ana 
lie hoped that they would exercise that right. 
The Chairman said, he hud no doubt that Mr Bevan was anxious 
to give to the meeting all t. lie Inforiuddlojl iu bis power; und ho had 
no doubt that life axslirunco was a uintlef of the greatest importance 
to themselves uud their families. Ho was quite Certain that those 
who were assured would h»ve a great satisfaction from Hie recollection 
that the steps they l)au taken would keep their wives and ^famines, 
when they themselves were gone, frjia tlio degradation of the work- 
house. How consolatory that was to a man! He waa pneo compara- 
tively a paar nraiKQut lie was led lo cau.ddvl' life propriety of life insur- 
ance; Unit Ldducca provident habits, and he dared say he wite con- 
sidered by Ills fcllow-towiiMen a prudent mau— at all events, he had 
a wife anil children who thought him lo be such. (Loud applause.) 
Me- Be if in stated that Dr. Murray, of Oldham, held 103 slure-sin 
the compauy- 
Tho Chairman : Just liko tho eannp Soot. (A laugh.) 
Mr. IC.ioLiwrox sniff, if there was any gentleman present wh > 
wished to have anything explained, he was quite sure that it wootu 
give Mr- Ucvuu great pleasure to do -so. Tin more searching 
iuqul y that was mad , tlio hotter for tho company and all connected 
with it. 
Mr Hkvan, iii answer to a qti"Stlon put to him by one of Hie per- 
sons in the room, explained that (Ilona who paid a i-onny n week s ib- 
script on received nut a policy, b it a certificate under the »oal of tho 
company. 
Tho Chairman: And that cor Iflcato has tho effect of u bond, I 
presume? 
Mr. li “.van . Exactly so, w ten t ie seal of the company Is affixed 
to it. 
Mr. Eugvbston staled that no leu a sum MU) 2.000,0001. per 
annum were expended m lapsed policies, .is waa stated by Joseph Beullcy 
in his “Road to Weald;." But if all uasuraiieo societies would act oh 
iho principle of tho Deposit Company, that £009,000(1 would be saved 
to policy-holders u aurally. 
Alter a few remarks (torn Mr. Davii -S Mr. Bevan read mum 
statistics, sli .wing Hie gradual lucrmae In the number of poUCHA 
Issued by the Deposit Company. Their annual Inc une, ut er the 
society had been in operation fifteen tnoiilliv '» as 9,000/.— (hear, bunt ), 
and the net receipts daring H.u fifteen tuouthi weio 7,'WU/. (Hear.) 
He then showed, from statistic! wluuU ho read, the t .vouvubw posi- 
tlo I this siclety occupies w« to iucome, a, compared with other 
societies which had bow . established t a a l-mgcr period- Mi. 
n xt re d a left r from Mr. N Ison, th actuary, iu rep y lo a cunimu- 
nlc itlou lie had roc l v,, l front aQ inquirer ot OldUom. 
The following Is a copy of tlio reply 
“25, Fall Mall, London, 22nd Doc. 1833. 
•• Sir.— In reply to your nolo of Hie 20tli hist.. I bog to otule 
'•1 Tint Lord Ui-uiiiUiiiig i' a real, uud not merely an ornumanfoA 
chairman, as you term it. HU lmd,lnp iokcs nu u tUo 
business of the company, and presides nt the iiteellng' ul the hoai l- 
“2 Lord Di umhmrig i' a shareholder of 500 shares, and has Ills lifo 
.* ...» ... n 
for If the company were not only highly respectable, but otee 'Wired 
and capable of meeting nil it* engagements, l should not, of course, 
permit my name te be used lit connection with ft. 
• 5 Tlio tables of the company were all calculated by mo, ^ but t ire 
company is only under iny gulduneo so far as my sen levs lu Uie 
capacity of ‘consulting actuary' are concerned 
“ If there be any other information l cun n(ioi4 *, *?. 
service. Yours sincerely. F . u. i . * • » 
Mr. E .OLUMox stated that ho exported soo hands in ,ho 
of a neighbour of tala to Join tlio aoclflty lu a shorl time ( lle.u, luar). 
Mr. Bevan said It was also expected that on WedM.-sdAy i ext mW of 
the printers in tho employ of the Messrs- 9p» j'- X 'Vcmefol 
policy-holder, In the company, to wlifeli Huy ' ' hl L- v 
examination, given a preference over •» oShens. (Be ii, hoar.) 
Mr K,;oLiL'rr..\ next announced that between 303 and 400 oddfellows 
living In tlib neigh b-iujli" 'd of Bradford wore about to transfer Uwlf 
Interest to tile Deposit Society. 
Ou Hie motion of Mr. Hunt simn, sorended by Mr. CR..Mi-re.N, a vol* 
of confidenca In tho eoinpauy was oavrlwl by acclamation. 
It was stated, In tho oourso the ove.ilng, that Admiral Ayscougta, 
of Soiiltaampton, w*» one of the trustees ot Hie company, and held in 
it iuou shares. Wo under.t mil that, between tha months of January 
and December ltt.13, there wore Issued, tn Urtsfol and houth WlHvS, 
UOUciOSt Hu In’wtauMs offested by which oasurad the sum of ifcA&UOL 
Thank. wsissHioii voted to Mr. Tipping for hit oonduct In HM obate, 
on tho motion ot Mr. Lootaore^, ssoonded by Mr. lisvs.v. 
Mr. TiriRko rflturncd lhanki, and tbo miatlog KP® r * rtd * 
