This was a saved ship. Let us look now at a lost one. Some years ago a ship named the Golden Age was lost. It was well named though ill-fated, for the value of that ship and cargo was 200,000 pounds. The cost of a lifeboat with equipment and transporting carriage complete is about 650 pounds, and there are 273 lifeboats at present on the shores of the United Kingdom. Here is material for a calculation! If that single ship had been among the twenty-seven saved last year (and it _might_ have been) the sum thus rescued from the sea would have been sufficient to pay for all the lifeboats in the kingdom, and leave 22,550 pounds in hand! But it was _not_ among the saved. It was lost--a dead loss to Great Britain. So was the Ontario of Liverpool, wrecked in October, 1864, and valued at 100,000 pounds. Also the Assage, wrecked on the Irish coast, and valued at 200,000 pounds. Here are five hundred thousand pounds--half a million of money--lost by the wreck of these three ships alone. Of course, these three are selected as specimens of the most valuable vessels lost among the two thousand wrecks that take place _each year_ on our coasts; they vary from a first-rate mail steamer to a coal coffin, but set them down at any figure you please, and it will still remain true that it would be worth our while to keep up our lifeboat fleet, for the mere chance of saving such valuable property. But after all is said that can be said on this point, the subject sinks into insignificance when contrasted with the lifeboat's true work--the saving of human lives. There is yet another and still higher sense in which the lifeboat is of immense value to the nation. I refer to the moral influence it exercises among us. If many hundreds of lives are annually saved by our lifeboat fleet, does it not follow, as a necessary consequence, that happiness and gratitude must affect thousands of hearts in a way that cannot fail to redound to the glory of God, as well as the good of man? Let facts answer this question. We cannot of course, intrude on the privacy of human hearts and tell what goes on there, but there are a few outward symptoms that are generally accepted as pretty fair tests of spiritual condition. One of these is parting with money! Looking at the matter in this light, the records of the Institution show that thousands of men, women, and children, are beneficially influenced by the lifeboat cause.