The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1872-05-21 00:00:00

MIL NORMAN'S FAILIIRL

6111111110011 coiwocrr OF A BANK AND LI L.P.

A meeting was held on Tuesday afternoon last, at the
Auction Booms, Market-street, is re William Norman,
trading under the firm of Norman and Co., builders and
contractors, of Contineroial•road Weymouth. Those
present included Messrs. Thome, and John Stevens, by
Mr. H. T. George, their proxy, Messrs Norman and
Underwood, by Mr. John naiad, their prosy, Mr John
Norman, ditto, Mean. blortimore and Maoism, by Kr.
William Bowles Barrett, Kr. Charles John Stone, of
Poole, Kr. R. Hare, for a creditor; Mr. 0. W. Bette,
Mr. Chas Nisbet, Mr. IL Jame Dyke, of Portland,;
Messrs. Eliot and Co., by Mr. R. if. RIM., Mr. &either'
Hobbs; Mr. Truk, Mr. Stollo, for the Weymouth Gas
Consumers' Company; Kr. 1.40 k, Dorchester; gr. S.
Hobbs, Mr. R. Cox, Mons. Ley., Mr. Limnos, Mr.
Freeman, Mr. C. Oriokmay. Mr. Thome' Lae Pilditch,
Mr. Illward Pidgeon, Miss Mary Sherwood Ireland, Mr.
Howard, Mr. Pope, Dorchester.
Mr. Tistrd said Use first step was to appoint a chair-
inn of the meeting....

Mr. Belt . propoied Mr. R. Ellot.
Mr. Moos, of Pools: Is Mr. Eliot a creditor, or a
solicitor?

Mr. Third : A creditor, and • vary large one too.
Mr. Stone I bare no objection.
Mr. Thud continual tuat the neat course was to
rewire proofs of the debts.
A very large number of proofs were then received;
The statement of acoonots pet the debts of unsecured
creditors at 422616 i 91.; of creditors partly ..cured,
£3,550 7. 11d. ; witirnated value of the setrutities,
£1,150 04 al. ; to creditors for rent, lazes, wages, ke.,
£123 13s. 150.

6 d.
Meows. Eliot, and Co., bankers, Weymouth .. 2,110
Henry Edwards, Exp. M.P. IWO
M. W. Robertson, end Co.. London 276
Mr O. W. Bette. Wrymoutti 247 I
Mauer& Burt, Bolton, sod Co., London 203
Mr R. Cos, Ironfounda, Weymouth 116
Moos. .10008 sod Nash, Bristol, Umber toorchasta 162 1 1
Mr C Trask, Ilcheeter .. 100
Mr James Rumell, ironmonger, Weymouth .. 99 1
Mears. 1111 ton and Co.. London 76
Mows. Pilditen and Bons, Poole 62
Mears. Thomas Lang sod Co., iron merehents,
Memo. Brown I Co, Bridgwater. 11rue men:buns
Mem& Msetariane and Co., London

48 I- i
48 I. 11
4
34 4
.. 34 10
.• 33 7
.. 31 3

61 7 2

Mr H. Roper, flp-vrry
Mr Ile Hobbs, coal merchant, Weymouth ..
Mews. Thomas Stevens and Sons, Swamp,
Mem* T. and J. Klrtori and Coy, London
Moon. W. Greening and Co. lihnninghon
Meow& Norman and Underwood, Leicester,
Moon Charles Fronds Lo'd 80. to, Newport,
cement manulacturms .
Mn JAM'S Dyke, Portland, contractor
Illemrs. Young and Glower, Wolverhampton,

rl 6 0

Mews. 1). Ami.r.oa sod Sons, London
Mn. Modell and Co:, Oorshem, Wilt,
Mrs Beeler Crieknay, Woymouth
Mr George Denning, Parkstone, Poole
Mews, J. Sherwood and Soon. Birmingham
laseutors of the lets Mr S. Breen), Weymouth .
Mr C. ?Haber Wr— •la, coil toarchant

w.uth,
Jibtoo , Poop
. .

24 IS
23 0
Id 3
le 1
16 11
14 1
14 4
14

-COOdon
Architectural Pottery Ggnpany. Poole ..
Mr T. Anderson, Weymouth
Mr T. D. Lase, Royal Hotel. Weymouth ..
Mews, Pidgeon and Boa, Weymouth ..
Mr J. Laver, Chlckerel..
Moors. B. Giles and Co., Weymouth
London and South Western Railway
Mr 0. Fry, liawt-strest, Waymouth

11 13 --
11 2 1
II Id
10 10
97
9 14
8 19 Se
7 9 II
7 9 I

Mr G. Wer, Up.oy . 7 6
Radipole oriel Board .. 6 6
Mr IL Williams, Weymouth, chemist It 5
Mr W. Dyer, Weymouth, cothmerchant 6 0
Mr IL Hodder, Portland 6 II
Messrs Brooke, Philips and Co.. London 6 Id 1
Messrs Calerata, Newark, Notts 6 4
Memo Burt and Potts. Loudon 6
Mr WA. Holt. Bridport 5 5
Mr 11. Wheeler. stationer, Weymouth ... II
Mr Cherie. Bible, Weymouth, painter 4
G. W. Wydedery Tho mouth, saddler ..4 1 1
Mann Hawke. it Triernan,Wm mouth, upholdmers 4
Weymouth Gee Commun. Company . 4 1
Menne. Charles Hooper and Co., merchant; .. 4
Mr G. IL Callaway, Bristol . 4
Meows. A. Mecham' and Co., Leaden 4
Great Weetern Rahn,'
Maw.. Penny and Einoeftr reymouth 2 I
Mr G. .1. Vertue, Weymouth, merchant• 1
Mr J. Norman. Leicester I
Mews. Rowell and Bon, Wednesbury
Mews. Hudson and E London I

Kseras, -
Mr J.—Thorrnan, Woymouth, Ironmonger • • 111
Messrs. lAnning Brothers, Weymouth .. .. 1 8
Mr J. B. Watt+, Weyosouth, Gabber% mager 1 ei
Mews. liallett and Bons, Weymouth, upholsterers 6
Maws. CA* and Son, Jewellers, Weymouth .. 317
massn. J. F. 'lodges and Sou, Weymouth, wino
merchants
Mr 0. 11. Webdord, Weymouth, . 13 16
Trimmer of All Sours Masonic Lodge, Weymouth 10 0
Surveyor of Taxes, Dorchester .. .. 11 6
Messrs. Croggon and Co., London 14
Maws. U. Doulton and Co., Lambeth 8
Mr R. Bailey, Renton. Der.. 10
Meesra Mono and Co., Deptford.. 8
Moors. Bothnia, Drum , Deptford . 10
Mr 0. Gregory. builder. Derchesttr 8
Mayor and Corporation of Weymouth . 1 0

6696 16 101
of which are supposed to be secured or partly so 316000

U omocured

.. 2196 16 101

Mr. Tizard said perhaps the proper wars/ would
be first to state how the estate stands. lie should tell
them that Mr. Norman commenced business some few
years ago without, he might say, • shilling of capital,
yet he was so assisted by Mends that (as fat
Tiatrd's limited judgment and experience went) be
onisidered he had • very fair opportunity of carrying
on basil:mei with auceoss. He bad been in business
rattier over three years, and daring that time had done
• large amount of business, as might be judged from
the fast that his expenditure in ware alone had been
doe, upon £lOO • week. However, Mr. Norman got
into • very foolish or rather unausseesfal sontraet for
building houses at Hadipole. He thought be might
[silly say that the losses he had sustained arose entirely
upon building Mr. Devanish's bourne during the last two
years. Mr. Norman had consulted him (Hr. Tinned)
upon his affairs, when the crisis had arrived that the
beakers, Mesas. Eliot, had refused to allow him
further to overdrew his account, sad would not honour
say of his bills. The beak debt was soesethiag over
£2,500, and there was a considerable number of bUis
' coming due whish would have been dishonoured, and
proesediags would be takes upon them. His (Hr.
T.strd's) advice wee that in order to procure that the
estate should be fairly divided, or wound up, and seeing
that there was not • thence at going on sueeemiuUr, to
take this very Alp he had, and he felt sure there was
Co creditor present but who would say that Vint was
the beet and fairest way, and the most equitable way
Sec all. Mr. Third then read the list of taaseursal
mans aM katalumbset el MIAs as Ova arm—.

amount

IL answer to legairtes be said there wen no kill
secured coeditors.

Mr. Hobbs. Mr. Reynolds for the O.W.R. sompany,
end Mr. C. Crams', for Mrs. Heater Criekmay mad
the debte doe to them were :nore thin reed by Mr.
Ton,rd.

said he bad not bad the bills himself and
had given the best information he could. The meourity
held by Messrs. Eliot end Priam was eetim..t.d to be
worth about IMO, the bank debt being ELMO 7a. 111 ;
the neourity wee on • lease of workshops from the cor-
poration et • rack p•nt of £l4 a year.
It was r.muked by Mr. liars that that was quite as
mnc as :he property was worth.
Mr. 'rimed then referred to the debt owing to Henry
lidwaxda. Esq., ALP., on land, enginabouse, stosk.in-
traole, be., estimated at about 0100.
Mr. Hare: Doer ttat include all the machinery?
Mr. Tizsrd explsiond what property w•• Mr:laded.
Mr. Waleford added :I Everything that can be
included in the mortgage ; what was the date of the
security?

Mr. Tizard About three years ago. I con produce
It if tbonght proper. I believe it woo 18th Marsh.
1869. 1.800 was ouly the intimated value arid it might
fetch wore or len.
Mr. Hun: Is that deed aled se • Bill of sal.?
Mr. Tigard admitted it vu not.
Mr. Pops asked If Masers. Eliot and Co., were neared
In any other way.
Mr. Thud: No, nor was there any rums." 01"7
sort.
111. Flare asked it Inter."
upon that kin,.

Kr. Ilan asked U littered had been regularly paid
pon that 1:1000.
Mr. Third: Yes up to the 16th or 18th Marsh et
101 year.
Mr. Ilan: Thera Is no gentian I suppose as to the
:must of iotorost?
Mr. nand: Certanly not, fire per sesta HS Pliki

250 a year. .
Mr. Tisard then went through the hems for the
amounts due for net, taxes mid wages, and said that
the next debt was that des to Mears. Eliot of £73 13i. 4d.
He must mobile how that had arisen. It wait im-
possible to oall the meeting earlier than to day on
amount of the (ems and uotiee required. In the resen•
time the oontract for Mr. Devenish's hoses had not
been carried out, and the architect had given notioe
that mks. the work wee motioned he would at the
expense of the estate employ men to flash the house.
It was therefore thought advisable for the benefit of
the estate that the work should go ma an/ Messrs.
Eliot had *applied mosey for the purpose. Every
creditor would agree that that was the merest thing to
do rather than that the architeot 'koala employ the
labour and so reduce the amount that the waste would
eventually have to receive from Mr. Demoish.
Mr. !lore: Who has been through the accounts?
my disinterested normal
Mr. Tigard : None vekstover. I only know rao•rally
speaking as mash 111 my solicitor would. I would not
pot the e•tate to the expense of employing an
tooenuttot.

It transpired that Mr. Edwards hod not yet proved.
Toe book debts amounted to £872 19r. 9.1. which were
estim dad tu realise £7BB 7e. 5,1. Other meta were
furniture, fixture.. and fittings et the house la St.
Thomas-street, £lOO.
Mr. Crickway asked whetter the book debts would
not be reduced by the creditors aesoanle.
Mr. Tistrd : That will act both pro sad cow.
Mr. Pope • lint • great deal wore cow, thin pro.—
(laughter.
The further asset' were: property at by Het £4OO.
balsnoe due on riont,aot front Mr. It. Ilevrnish £240._

lir. Norman in iinswe.r.iTs-qu-et-it'ion—s:ibi-t-b-s-t-rZei I
be the balance when the work id complete 4 bet it
might he more whoa the extras came to be re,:koned.

Mr. tlire : 11.. any expeoev t, be incurred to obicia
tbui 1.210?

Ur. Norman said note great deal as the works were
neerly onmplete.
In anawar to a creditor Ur. Tigard said men in Mr.
Norman's employ were corryios on the work.
Tosard eoneludiag his explanation of Um position
of the t',e estate said that his caper:tad the meets ti
produce about 101. in Um E. He then also read the
list of book debts. In answer to Mr. Slone he said he
had not even the net amount of eaeb dahlias It was
impossible to do so until the debts ware proved.
Mr. Stone of Poole: Do I understand you to say thet
the machinery I. included In Mr. Edward's mortgmge.
Mr. Tissrd : hits Included in general werda.
Mr. Stone: World these general weeds weer the
machinery?

1i .d said that was • legal point widish be weld
hardly decide. It would be smatter for the rioamittee
of inspection to thoroughly investigate U Utley were
appointed. Hi bad no doibt they would inalotain the
lett' rights of the estate. The mortgage deeds to Ur.
Edwards would be open to them and *bey would be
proptely I' x tialmod,
Mr. Pope said it would simplify matters very mueb U
some friend of Vl* debtor would guarantee 104. in the
S.

—.Mr. Thud said no ono would do Shah Ho had lad
about tor some Mood in various directions, but in vans.
Mr. Pops : Would not Mr. Edwards who Mot tho
ElOOO ?

- Mr. Thud said he could answer that Yr. Biwa**
would not.
Mr. Hare asked if the stoek•in-irade laelu4e4 the
property is the litaekwater.
IL, . Thad replied that it 411.
. .

Kr. Welshed said limed. ;1i .the dill armee to tire
dividend what WM the amount of apt off on the book
debts. He should have thought Mr. Norman ought to be
ablo to tell them what tbe amount of the est cif was.
Mr. Barrett: Is the meshing!, imesideally andgued
as security to Mr. Edwards?
Mr. Tigard: No I think not gpesidesily,
In answer to Mr. Hare Mr. Tistrd said he should
think the value of the machinery would be about LlOO
or £3OO. Tbe present was only • preliminary meeting,
and the needf It was to lay the whole matter before
creditors to decide whether they would allow it to go
into liquidation or whether they would suave s bankrupt
of the man.
Mr. Stone: W helium it le • preliminary mastitis or
not it Is one of great importance bemuse it may throw
the di* either one way cc the other.
Mr. Thud did not think say creditor would have
been able toss, what the value of the steadn-trade
an,; but Mr. Norman wag reedy to give every infor-
mation in his power. He did not think any creditor
would say bet that the entree taken by Kr, Norman
Wa4 the very on. he ought to have taken at this crisis.
If matters bai been allowed to run on, writs would
have been issued, and the estate would have been so
mush len.
Mr. Pilditeh said there was one metier whieh bad
been mentioned, and which be thought wag very im•
portant, because it might result in the addition of •
very large nevi to the estate. It had been mentioned
that Mr. Norman bad eastaided • Ices in building
houses, something like £3003. If Kr. Normaa lost
this amount through extras being exacted on him, in
order that the balding, might be rendered up 0010.
piste in every respect, he Was sure Mr. Donnish would
Ilk. to have 11 .44 that he goes about with the
money of the treditece la his pocket. He was there-
fore rather disposed to propose that • deputation
should go to Mr. Devesish and ask him to refried the
amount Mr. Norman had lost on his ciontrests
Mr. Tigard: I think if you go to him Mr. Devealsh
will simply tell yen that be entered late a contrast
, with Mr. Norman to build these haws, and that he
hat nothing to do with any lose by them.
Mr. Hare said the debtor was described as William
Norman. trading node, the firm of Norman and Co.
Coral Mr. Maud explain that
Mr. lizard said Neiman and Co. meant William
Norman alone. He aloes had been trading under that
style; it had always bees William Norman, and DO oat
sise.

Kr. Howard said snag thing wee as usual &EA $
in the eonunereial world.
Kr. Tiserd: Oh yes, I trade myself under the firm of
Eldridp and Co.
Kr. Mist said they had dealing, with Kr. Norman,
and with Kr. Norman oily.
Mr. Hare salted if that. had bean any mosey ad-
Tensed on Kr. Ildwards's meows. wept by lb. Titer&
Eliot: Not in the least.
Kr. Tigard I hops lam not eoualdered one of the
partnere.
Yr. Hare said every one knew that Mr. Norman bad
been'. architect without means. Ooeld Mr. Timed
tell the origin of this business.
Mr Third replied that Kr. Normen had bola an
architect here. Biros three or four years ago Kr.
Reynolds, the builder' resigned the badness, and Kr.
Norman, through the sangrias)** of frinark, commenced
bodes., by taking off from Kew% Reyeolds the
buildings and the machinery that azleted npon those
those premees. That was the origin of Mr. Norman's
starting. The bank had also assisted him, sod Kr.
Tigard did not think any further saddened had been
granted him eroept the BODO for which Mr. Bleier&
held security.
Mr. Hare embed if Kr. Biwards's mortgage wee
strolled at the time 11r. Norman stuied.
Mr. Third thought Kr. Norman ciontmemaci about
Obrietmas. and the mortgage was dated on the 16th
March follo whir.
Mr. Mr* Who paid Mr. Reynolds?
Mr. Third: Mr. Norman add It out of the money
advocated to him by Marro alio&
Mir, Pops: Had Kr. Edwards &deemed the mosey to
tab, oft lb. biathlon?
Mr. Tom/ : No it was advanced by Messrs. Mot.
Mr. Pop.: But it was with the understanding that
Mr. Edward. would also 'drams. money.
Mr. Howard: Why does not Mr. Weldoird pat the
question. himself.
Mr. Watford protested against Mr. Howard's inter-
fering in that meaner.
Mr. Hare also said he did not think It we. reedit for
Mr._ Howard to interfere thus.

Mr. Howard raid he was quite regular.
Mr. Weldord : Whin you took off this business did
Mr. Einar& agree to &drums the money?
Mr. Norman: I agreed to is the bushman before
Mr. Edwards lent the SIOUO. At the time I agreed to
take tie business I knew nothing shoat the £lOOO to
be advanced by Mr. Edwards. Ls the first plass I
entirely relied upon the beakers.
Mr. We/,ford I Then In starting this business it WM
with the amistaara wily of your banker,?
, Mr. Norma*: Yee at arra
, Mr. Ha.: Mr. Eliot *greed to shirt you in business?
Mr. Tisard : Mr. Reynolds agreed to sell, sad the
bank agreed to assist Kr. Norman in paretiasing.
xi, Hare: I should be sorry to go to the bottom of
that business, because perhaps I know mere about It.
Mr. Hatch then raked a quetion, nod
Mr. Norman replied that he executed the work of
Mr. Donnish lioness too well, that woe about the
secret.
Mr. Pilditoh asked if the architect had compelled Mr.
Norman to do the work better than he expected. Had
the spsailleetiono bees so loosely drawn that It east Mr.
Norman more tram he reskoaed on.
Mr. Norman said that lithe arehitest were always
to interpret spesideargeme to the full Wier of whira Is
written, no builder seedd exist. A sertala SMOSIII of
latitode was allowed, bat he *aerated the work to far
too good 'manner for his own prat.
Mr. Pilditra fatly believed that, harass he lived la
one of the houses, and ins work wee unseated to very
eubstratoal manner. Speoilleatioas were monetimes se
toe. ir drawn, that the braider woe miniethase sailed..
for wore than he expected. If that bad beam done to
tois awe, and he believed it had, IN pitied Mr. Normaa
and thought be wee entitled to the messideratiom of the
are° i tors.
Mr, Howard : How sew Fee be be leiredeasi re the
bodes.