The Daily Times.
Liverpool, Merseyside, England, 1860-07-23 00:00:00

LOAN FOR NATIONAL DEFENCES.

The Times says there were, on Friday, increased
rumours of an intention on the part of the Govern-
ment to propose a loan of £5,000,000 on Monday
for home fortifications ; but it is believed that
even if a vote for that amount should be taken,
not mire than £2,000,000 is likely to be called up
during the current financial year•

DuNMow Fixrcur.s.--There are yet aspirants for the
rashers. The secretary has received the following
application
42lica and 38,tionfrom11enry Lloyd and Mary Ann his wife,
age residing
in London :—" 12th July,
181,0.—Dear Sir,—l deferred answering your letter,
thinking there would be plenty of time before Septem-
ber, bat seeing a notice in one of the papers, that there
is.only one applicant for the flitch, I beg to say that I
am another. My dear wife and myself can conscien-
tiouslymarried two years this month, and are more attached
than ever, if possible, and I trust you will award the
fi tc questions
perhaps the example of two couples
h this
year, answer all your
ons ; we have now been
wrong forward t 0,.. laim it may induce some other
couple come forw rd are more diffident." The
comri to
ittee, we understand, have decided (unless some
circumstances occur to rendera change of plan desirable)
to defer the Presentation of the flitches, which was to
take place next Septe:nber, till after the opening of
.s-
-the
railway from London to Dunmow.
worth, Esq., has acquiesced, in this W. H.
Am

THE 6RtAt F AlittakES. EC THE
I,EATHER TRhiyt.
The meeting of the creditorsef Messrs. Street-
' field; LaUrenee, rtatW:ortitner, leather and hide
factors, was held on //Mil. The proceedings
•
ex'eited•; the greatest interest. Mr. Chapman, of
the firths of Ocerend, Gurney, and Co., presided.
It appears the pertained liabilities amount to
£744,448, whilst the *tents are estimated on paper
at £214,140. The profits nieraged in 1858 and
1859 about 40,000 per annum. 7lre. embarrass-
!Went of • the firm arose through snppotting
nut( stouts other houses in the same trade.
Once engaged_ with these it was obliged
to go on pfo64ing them with means.
The involvements pew from £365,000 in
1857, when the firm wag solvent, to the pre-
sent large anount. The embarrassments of the
smaller houses brought the dithelaties of the
larger house to a climax. The usual facilities of
discoVnt were cut, and a stoppage inevitable. A
searching inquiry was considered necessary by
the majority of the creditors, but Mr. Chepinan
announced that his firm had come to the deter•
mination to place the estate in the Bankruptcy
Court. His motion to this effect was negatived
by it large majority. Mr. Chapman said, I put
the resolution that I might elicit the opinion of.
English merchants as to the internam practice of
circulating accommodation bills purporting to
be for genuine. transactions, and I only regret
that it was not met with unanintous
.consent.
He said he should not alter his determination,
and instructions had already been given to place
the estate in the Bankruptcy Court. It wee
intimated that a similar course would be pursued
with regard to the Liverpool firm at the instance
of bankers in that town.