CHARTERS GRANTED TO THE ROYAL AND LONDON ASSURANCE OFFICES.

The heads of the Royal-Assurance and London-Assurance companies, understanding that the civil-list was considerably in arrears, offered to the ministry six hundred thousand pounds towards the discharge of that debt, on condition of their obtaining the king’s charter, with a parliamentary sanction, for the establishment of their respective companies. The proposal was embraced; and the king communicated it in a message to the house of commons, desiring their concurrence. A bill was immediately passed, enabling his majesty to grant letters of incorporation to the two companies. It soon obtained the royal assent; and, on the eleventh day of June, an end was put to the session. This was the age of interested projects, inspired by a venal spirit of adventure, the natural consequence of that warice, fraud, and profligacy, which the monied corporations had introduced. This of all others is the most unfavourable era for an historian. A reader of sentiment and imagination cannot be entertained or interested by a dry detail of such transactions as admit of no warmth, no colouring, no embellishment, a detail which serves only to exhibit an inanimate picture of tasteless vice and mean degeneracy.