The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1875-05-15 00:00:00

SATVIRTIAT; VAT 11% MIS"

THE FAILURE OF MR. BENJAMIN WOOD

COAL AND COKE MASTER,

IMMENSE LOSSES.

I meeting of the creditors of Mr. Benjamin Wood,
coal and coke master, was held at the Dudley Arms
HoteleDulley, on Monday hit. The dettor was des-
cribed as "Benjamin Wood, carrying on business at
Bromley. Pensnett, in the county of Stafford, under the
style and Inn of • Wood and Co., and lately at the Peni
cad Cefn Glass Collieries, in the respeetire parishes of
Gellyager and Merthyr TydM ; and of the Yew Tree and
Keeling. Collieries, and the Houghton Colliery, in the
parish of Kingswinford, coke manufacturer and coalmas-
ter, under the style of 'Wood and Co.,' and residing at
Oldswinford."

There were about twenty creditors present; the others
were represented by proxy. Mr. R. F. Whitehouse
(Dudley) supported the debtor; Mr. Williams (Messrs.
Duignan, Lewis and Co.) represented creditors to the
extent of £3,600. Mr. Watts (Robinson and Watts)
represented the Birmingham and Dudley Banking Com-
pany, Blaendare Colliery Company (Limited), and Mr.
James Mclivren ; Mr. Shakespere and Mr. Fellows aleo
represented creditors.
Mr. William, proposed that Mr. Swann, of the West of
England Bank, should take the chair. He represented
debts to thelextent of t 12,600, and, as the largest creditor
should take the chair. He (Mr. Williams), u proposer
had proof of £3,600., and so, between them, they repre-
sented £15,000 The name of Mr. P. Jones yru also
proposed as chairman, and he was subsequently elected.
The meeting then discussed whether the representatives
of the press should be admitted or not. No one voted
foe the proposition, and no one against it. The Chair-
man said he had no objection, and the matter dropped.
Mr. John Bent (the receiver) read his report, which
stated that when he took possession of the books they
required posting, and so he secured the services of Mr.
Beech, accountant, who had, with Mr. Wood, made the
best account he could for that meeting. Upon his ar-
rival at Den, he (Mr. Bent) found the mortgage in pos-
session of the whole of the colliery plant which was in his
security. He therefore deemed it advisable to remove
the horses and gearing away from the colliery for fear
the landlord would levy for royalty. At the Yew Tree
Colliery, now in po.session of Messrs. Barnbrook and
Caswell, there was upwards of f„100. worth of gas fittings,
and he had made a formal demand for them, but had
been unable to get them. At the Corhyns Hall Works
there were 200 tons of Bristol ore, and that had been
disposed of. At Bromley station there were 300 tons of
the same mineral, and he (the receiver) had served the
Great Western Railway with a notice to deliver it up.
There were outstanding accounts amounting to £215 ills.
2d., and immediate application had been made for pay.
went. He (Mr. Bent) at that point left the debtor in
the hands of the_meeting to explain.

. -
Mr. Beech said the debtor had handed to him a list of
his losses. He made two contracts with Messrs. Firm.
stone for 90,000 tons of coak-45,000 tors at 13s. 9d., and
45,000 tons at 10s. 4d. —and lost £11,500. In 1873 he
made 24,000 tons of coke for the same firm, and lost
£12.300 In 1874, with the same firm, ha made coke at
255. 6d., and sold it 23. 10d., losing £750. There was a
loss of £2,125. with the Great Western Railway Company
in consequence of some change of tariff. The loss at the.
Brettell Lane Works was £11,706., after considering the
depreciation of the works. At Cefn Glaes the cost of
sinking was £18,000., and it was then sold for £1,500,
At Den i there was a loss of £3,500., and at Corbyns Hall
there was a further loss of £8,500. By a contract with
the Plymonth Iron Company there was a loss of £3,300
The total losses altogether were £71,381. • .
In reply to questions. Mr. Wood said there was no
furniture.

Mr. Beech said the debtor made a 6ettlement on his
wife of the house at Bromley, and the improved rental of
Corbyn!l Hall. The two were worth £1,100,i ,He after-
war& realised the money and lost it in his business. Ilia
wife's trustees pressed him fir the money, and he gave a
hill of sale for £l,lOO on his furniture.

In reply to other questions, Mr. Wood said the Hey.
t:. J. Atherton and Mr. Bryce were his wife', trustees.
Mr. Williams asked whether the settlement was p )st-
nuptial, and whether the deed said anything about his
(Mr. Wood's) selveney at the time.
Mr. Holberton (Messrs. Flomfray and Holberton) : I
believe the settlement was silent on that point..
Mr. Wood : I-wes solvent then.
In reply to further questions. Mr. Wood said he had
not lately said he was possessed of *agons to the.nurnber
of sixty. .
A. Creditor : The creditors strongly beliere that you
hare some property soinewlvere.

.Mr. Wood hire not.
.Mr. Willliams : Did you not haYe a timber en the
deferred payment system ?
Mr. Wood: I had an interest ia them. They were aAd
for £5,000, and the money went into the bank.
The following statement of accounts was then real :
Dr.
Unsecured creditors • • ' £25,625 2 1
Creditors fully secured.— £12,900 0 0
Less estimated value of

securities 13,010 0 0

Surplus to contra
---,.—,.

6,409 9 11

Creditors for rent, rates, taxes, and wages 22 10 0
Bills, &c...

£32,354 2 0
Cr.
Stock-in. trade, Corbyns Hall, estimated at.. £240 0
Book debts, about £10,924. 16s. 10d. esti-

mated to realise.
Property 360 0 0
Surplus from securities in hands of creditors 110 0 0

£9lO 0 0
In reply to Mr. Lester, Mr. Whitehouse 'mill he had
intended to make an offer, but, seeing the strong position
held by Kr. Williams, he did not think it worth while.
Mr. Whitehouse was then pressed by the meeting, and
said his offer was 6d. down, is. in six month'', and 6d. at
the end of twelve months, the latter being secured.
Mr. Williams said the strickest investigation would
have to be made, and, in consequence, he should propose:
(1) "That the affairs of Mr. Wood be liquidated by ar-
rangement, and not in bankruptcy; (2) that Mr. Elliott
Swann, of the City of Bristol, accountant, to be trustee;
(3) that the proceedings be transferred to the County
Court at Walsall; and (4) that Messrs. Duignan and
Lewis should be entrusted with the registering of the
resolutions" Mr. Williams explained that the change to
Willie], was only for convenience. -
Mr. Lester demurred, and asked whether the meeting
was so much in the hand's of Mr. Williams.
_ _

Mr. Whitehouse said if they did not accept the resolu-
tion they should have to go to the Bankruptcy Court.
Mr. Lester: Then what on earth are we here for
(Laughter). •
The resolution was thet carried, with Mr. Lester en I
dissentient. , • •
It was then agreed that the following gentlemen should
be the committee of inspection :—Mr. G. J. Eynon, Mr.
Edward P. Jones, Mr. H. W. Dallas, Mr. T. Caringcross,
and Mr. Emit.

Mr. Lester proposed a rote of thanks to the chairman
and the meeting separated.

Coeat.—GnAirzYnt. AND COMPORTIND.—" By
a thorough knowledge of ths natural laws which govern
the operations of digestion and nutrition, and by a care-
ful application of the fine properties of well.selected
cocoa Mr. Epps has provided our breakfast tables with a
delicately flavoured beverage which may save us ninny
heavy doctors' bills. /t is by the jndisiour use of such
articles of diet that a constitution may be gradually built
up mail strong eneugh to resist every tendency to disease.
Hundreds of subtle maladies are floating around ns ready
to attack wherever there is a weak point. We may escape
many a fatal shaft by keeping ourselves well fortified.
with pure blood and a properly nourished frame."— Civil
Service Gazette.

• Trizaz ARM ANT LADIIII who have not yet used the
GLIINFIELD STARCH, they are respectfully solicited to
give it a Walt and carefully follow out the directions
printed on every package, and if this is done, they will
say, like the Queen's Laundress, it is the finest Starch
they ever used. When you ask for GLINFIELD STARCFI,
see that you get it, as inferior kinds are often substituted
or the sake of extra profit. Beware therefore of spur•
us imitations.

ME THROAT AND WINDPIPE are especially liable to
Inflammation, causing soreness and dryness, tickling
and irritation' inducing cough and affecting the voice.
For these symptoms use glycerine in the form of jujubes.
Glycerine in these agreeable confections, being in proxi
mity to the glands at the moment they are excited by
theact of sucking, becomes actively healing. Gd and 1.
packets (by post 8 or 15 stamps), labelled " JAuxa EPPS
& Co., Homceopathic Chemists, 48, Threadneedle St.
and 170, Piccadilly, London."—Sold in Stourbridge by
A- P. Morris, Chemist, and J. H. Bland. Chemist.

The lIMIVATION 07 TRH USE or Oxws's LIMBS while the
other functions of Nature are intact is a serious mortifica-
tion to the actively disposed. Such, however, is the con-
dition of the victims of rheumatism or gout. To walk
without enduring agony is impossible, to use the arms.,
tree from excruciating pain, is equally impracticable. A
feeling of gratitude therefore pervades the frame When
the means are afforded of using all the members without
judicious and frequent•application of Powates SIIIII-
11ATIC EMBSOCATIOX. It is past all doubt the grandest
specific for the evils we have named, and others of a
similar character. May be obtained of all Chemists.
Price Is Id. cud Is 9d. Laboratory: 114 and 116 ,outh-
ampton-row, London. •

TEAT COMPLEXION has always been held to be the woe
lovely in which the rose and the lily contend- for mestere
Sr in which' their beauty is blended. Great sacrifices are
made to produee an appearance corresponding with the
combination, but they never succeed. Art cannot appro.
*eh Nature The only arrangement itself ea" he made tic.
render men woman independent of all expedients is to
freely use HAocn's- MAIINOL/A BALM. It preserves the
skin from premature wrinkles and furrows—renders it
smooth and supple, and restores the huewhich may have
faded Through illness; exposure to a noxious atmosphere
the heat of simmer or the frosts of winter.; To 14e:ob-
tained of -all. Chemists and Peffuniers throughout th
world. Price 3s. 64. . 'European Depot: 114 and 116,.
Bo4thitupton•row., London: • " •
BOL,LOWAY'II• OILLII.--- The greatest Wonder of .3f4wr;
Dime,.—They correct biliousness, 'prevent flatulency
cleanse the liver, and purify the • system, renoyal• sky
debilitated, strengthen the stomach, increase the appe•
tite, invigorate the nerves, promote health, and reinstate
the weak in an.ardour and vivacity lever before experi-
enced. The sale of the pills throughout the globe as-
tonishes everybody, co; Tuning the most sceptical that
Holloway's Pills trauscr nds all other. medicine for remo-
val of disease-of every name. They are indeed a. bles.
ing to the afflicted and a boon to those who suffer from
•fy disorder, mien al or external. Thousands of persons
have testified that by their use alone they have been
restored to health after all other remedies had proved
'successful.

RAPID CIIRES'OP artISIDI COITSVAND ASTEIA by Dr
LOCOCK'S PULM NONIC WAF S.—Frain Mr. Harri-
son. 265, Glossop-road, Sheffield :—" Many customen
have expressed themselves highly gratified with the bene-
ficial results of Dr. Locock's Wafers in Asthma, Con-
utnption, Coughs Colds, Gout, Rheumatism, and all
nervous pains, and Coughs,
plassaatly. Sold by all druggist
Ml.. lid. pot boi.

A ifillarifi
THROAT IRRITATION.—The throat an— no
especially liable to inflammation causing oorto
dryness, tield:rn: :nld irritation, inducing cougu •
fecting the voice. For these symptoms use Give'
the form of jnjubes. Glycerine in these agree-able
factions, being in proximity to the glands at the 0
they are excited by the act of sucking becoroetit.
healing, 6d. and is. packets (by post 8 or 15„,11 •
labelied "James Eppa Ce., Homoeopathic Che'"l
Threadneedle Street, and 170, Piccadilly, Long°
A BALD HEAD mey not inaptly
be compared to,lo
without a thatchipg. It is exposed to the cold, a° •
bio to ,
gather unsightly in aspect. Resort may be
• scalp, or an assemblage of foreign hairs iat,l1çØUJ
with the scanty material of original growth 6'l 01
salad to the bare caput; or but the effect is poor 000
disguise too apparent. Let those whose mirr°r old
them of the approach of baldness or the stealth); oto
of grey hairs assail the enemy in tinie.i're
esaploy the infallible restorative known as
ALTAIR'S WOBLD'S HAIR BBSTORIAR, and lane • 01: 01
the impotency . of years and their attemPt t°
disfigure humanity. To be obtained of all (ier,tl:v
Perfumers throughout the world. Price 65. l'er
and 116, Southampton-row, London. 001
A CONFORTABLII NIGHT'S FDRYRUsIIING SLURP 111;0000
BY DR. Lot:axles PULIIONIC W ARUM—MT. Johll
67, York-street,, Wolverhampton, writes :—"lwAilf",j
sleep for five weeks till I tried Dll. Locomes
and I have not had a bad night since, said had liujetbri
to the cough that I could not have believ•ii..---04'
Consumption, Coughs, Colds, Gout, Ith_etocatnoc,
nervous pains are instantly relieved by
WAFERS, which taste pleasantly. Sold by afel*
at is. lid. and 2s. Od. per box. Beware of collate ,*
CURBS OV CONSUMPTION, ASTHMA, COUGHS,
LOCOCK'S PULMONIC WAYBRS.—From Mr. Wllll the
9, South Street, SCARBOROUGH :—" I have
benefical effect for years ;in cases of Coostorfs.
Asthma, Coughs. &c., their effects are most optli
They give instant relief to Asthma, Coasuif
Bronchitis, Coughs, Colds, Rheumatism, ,601.0111„.
Hysterical and nervous complaints, and taste Plesoal''
Sold b) all Druggests at ls. 28.9 d.,
par box.
id4/14
el% 0

AMOS so Mositaisl—Are you broken lot
rest by a sick child suffering with the pain °bottle if
teeth ? Go at ones to a chemist and at
Mac Wassnow's Soornvo Bram.. it v"-,111111,1.
the poor sufferer immediately. It is
less and and pleasant to taste, it produces Poll
quiet sleep, by relieving the child frolll Pliiitorj,"
little cherub awakes "as bright as s on'agoll
soothes the child, it softens the gunagf na oto
pain, relieves wind, regulates the bowels, 0,4011,4
best known remedy for dysentery and r„0
whether arising from teething or other call'''eaeP,".
Winslow's Soothing Syrup is sold by bledicill tool
everywhere at is lid per bottle.—Ms,nufac
Vow York, and at 493 Oxford-street, Losag* tiOlf
If Vt/Ii
intATA2LII DUCOMIT 102 sirs Hall•-:
Is turning_ grey or white, or falling out rePol
Mexican Hair Renewer," for it will posibve
on snstli case Grey sr White hair tO its oe
colons, without leaving the disagreeable.,6ll
most "Restorers." It makes the hair
beautiful, as well as promoting the grOv" decsl,o
hair on bald spots where the glands are Pot.* 04,
Certificate from Dr. Versmann on every bo"ii
full particulars. Ask your Chemist for tligieoo,ol
CAN HAIR Ringswia," prepared byHenrttet.°l3
493 Oxford Street, London, and sad by
Perfnmere everywhere ale Col per bottle.
1.40 ell
T 112012 IinIICTIONP AND HOllBlllllO.
faring from from irritation of the throat and
will be agreeably surprised at the almost
relief afforded by the use of " Brown's v:osti Obi
Troches." These famous "lozenges" 10_0 "„ntrt,i
by most respectable chemists in this G7ibscvi,
Is ltd per box. People troubled with
cough,' a "slight cold," or bronchial affectignowei,
not fty them too loon, as similar troubles, a, ,-010,•r-,1
progress, result in serious Pulmonary szo opc'
affections. See that the words "Brown's 000,
Troches" are on the Government Stara? boot
each box.—Manufactured by Jens I. Bsowsrlyr
Boston, United States. Depot, 493 Ozfor".
Loudon.
PLOILILTS2I-41,0111 11112 TAW= AND DPO- ea.it'l
cleanses
geau prso
few drops of the liquid "Floriline " sprin'ovi
twheotrotughlthy.b thilecetiloaath omplferuantalll6lPths,errilLki,teet°
impurities, hardens the gams, prevents tali,7,t'ere'd
decay, gives to the teeth • peculisz pearly-sc';;;ool,ir
and a delightful fragrance to the breath.
all unpleasant odour arising from decays% 7 Din,
tobacco smoke. "The Fragrant Florail3e'i
composed in part of Honey and sweet herbseiedA
dons to the taste, and the_greateet toilet dig Vii
the age. Frio' 21 lid, of all Chemists 4ge-A
Ps•Pssed b 7 Mena C. Gametts, ‘9B
Ludas.

IV'
Agent for Stourbridge : Mr. J. H. Bland.
To the Queen and Royal Family env
; VII
To H.R.H. the Prince of Wales (Special Appc"° isjet
And to several Indian Potentates, Foreign Gove
and Railway Companies. -
Established 1749.
J. W. BENSON,
00i°
PRIZE. MEDALIST ON TM LONDON, DUBLI A 0 ,
EXHIETIORS. .11
004
Maker of the Chronograph by which theDerbYted.s
other Races and Great Events of the Day are
Manufactory and City House-58 & -60, LVD;;OSI,I4
HILL. West End Establiahrhents-25 • OLD pO
STREET, and 99, WESTBOURNE GROVE, I,o`
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Lever, Vertical, Church, Turret,.
Horizontal, Duplex, Carriage, Chime,
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Keyless, Centre Seconds, Hall, Shop, -
Repeaters, Indian, Ste. Library, Bracket,
ENGLISH ORMOLU CLOCKS, designed I
!lab Artists, and raanufastured by J. W. 13efl!
exceed in beauty thoe• manufactured arobad.
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FINE 'ART BRONZES AND.. CHIMNEY
RENTS, of the naweit designs, from Continental
et the highest reputation, at moderate prices.
AUTISTIC,• GOLD; JEWELLARY,4of -.the fit
cud Imiet exquisite design', with. Monograms,
•aid Divices,. Enamelled ia Colours, after Defile'.
molt accomplished Artiste in the . Precious: ,
Brooehis,Att)9uterie, as suplied to Members °
Court and other Distingaished Persoaagea..... ,
PESSENTATION nkTli.rrT.eatimonials-ox
ent 'eerie, Racing Ceps, and Jewelled and other
as provided by DEL Benson for the Corporal
London and other Publie; Bodies, to enclose
,conieyil;g the ltesdoni of the City to She
Wales, Duke af Edinburgh, dm., Ste. .. •
. SILVER ' AND ELECTRO-PLOE in the
recent fashions, and of the most durable mr
Illearb-Plate ills mammary to secure sound
and a sufficient coating of silver te resist.daily
tear satisfactorily. No other is really cheap t"
price, nor worth having.
• Watches and Clocks repaired bz skilled workn:Lf,
Old Silver, Jewellery, Watches, ke, exchanged,
chants, Shippers, and Clubs supplied. •
Illustrated Pamphlets, with full description °eve
kinds of Watches, Time-pieces, Jewellery, and Ele
Plate, with prices anne d, sent free by Post upon °FiFee
cation to J. W. Benson, at either of the above Addre'

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