As I understand the society, its objects are five-fold--first, to guarantee annuities which, it is always to be observed, is paid out of the interest of invested capital, so that those annuities may be secure and safe--annual pensions, varying from 10 to 25 pounds, to distressed railway officers and servants incapacitated by age, sickness, or accident; secondly, to guarantee small pensions to distressed widows; thirdly, to educate and maintain orphan children; fourthly, to provide temporary relief for all those classes till lasting relief can be guaranteed out of funds sufficiently large for the purpose; lastly, to induce railway officers and servants to assure their lives in some well- established office by sub-dividing the payment of the premiums into small periodical sums, and also by granting a reversionary bonus of 10 pounds per cent. on the amount assured from the funds of the institution.

This is the society we are met to assist--simple, sympathetic, practical, easy, sensible, unpretending. The number of its members is large, and rapidly on the increase: they number 12,000; the amount of invested capital is very nearly 15,000 pounds; it has done a world of good and a world of work in these first nine years of its life; and yet I am proud to say that the annual cost of the maintenance of the institution is no more than 250 pounds. And now if you do not know all about it in a small compass, either I do not know all about it myself, or the fault must be in my "packing."

One naturally passes from what the institution is and has done, to what it wants. Well, it wants to do more good, and it cannot possibly do more good until it has more money. It cannot safely, and therefore it cannot honourably, grant more pensions to deserving applicants until it grows richer, and it cannot grow rich enough for its laudable purpose by its own unaided self. The thing is absolutely impossible. The means of these railway officers and servants are far too limited. Even if they were helped to the utmost by the great railway companies, their means would still be too limited; even if they were helped--and I hope they shortly will be--by some of the great corporations of this country, whom railways have done so much to enrich. These railway officers and servants, on their road to a very humble and modest superannuation, can no more do without the help of the great public, than the great public, on their road from Torquay to Aberdeen, can do without them. Therefore, I desire to ask the public whether the servants of the great railways--who, in fact, are their servants, their ready, zealous, faithful, hard-working servants--whether they have not established, whether they do not every day establish, a reasonable claim to liberal remembrance.

Now, gentlemen, on this point of the case there is a story once told me by a friend of mine, which seems to my mind to have a certain application. My friend was an American sea-captain, and, therefore, it is quite unnecessary to say his story was quite true. He was captain and part owner of a large American merchant liner. On a certain voyage out, in exquisite summer weather, he had for cabin passengers one beautiful young lady, and ten more or less beautiful young gentlemen. Light winds or dead calms prevailing, the voyage was slow. They had made half their distance when the ten young gentlemen were all madly in love with the beautiful young lady. They had all proposed to her, and bloodshed among the rivals seemed imminent pending the young lady's decision. On this extremity the beautiful young lady confided in my friend the captain, who gave her discreet advice. He said: "If your affections are disengaged, take that one of the young gentlemen whom you like the best and settle the question." To this the beautiful young lady made reply, "I cannot do that because I like them all equally well.