The Express.
London, England, 1852-02-06 00:00:00

when they were required to do as. They mid that their
difficulties had compelled them to piedge a great deal of
their property, but they had rodasuoi a past portion of it,
and they handed him over the *pm* We fin the re-
mainder. The pledging@ were Mimi le in um hooka of
the bankrupts, and the redemptfune of lb. raper',
also, to • eontiderable extent. T *bolo smitten
of the debts was 5,4001., and, the amt. Wed*/ tarsi-
, tare, dock, and property Of ST
to tbe defendants, he estimated stertifilLimedirib==
the books that there had been • ipso* raw Me w
actions between Messrs. Ellis wad Evadaglaai and thebask-
roots, sod that the latter had supplied mainhalland pada
in their trade to Messrs. Ellie aid Co. to • ha* semistit.
The bankrupts made a mamma of aspaosse and other
matters to account fur the delkieneyof 3,01164•17=
to their own showing a sum of I,MOI. woos
fur. The bankrupts' stock was sold by pal& Mader, end
the once it realised he believed was 47 pot moat. under the
invoice price of the goods.
He-examined.—The stock of the baakriipla /etched 1,0001.
or 1,1001.
By the Court—The stock was poroollod out into small
lots, with an option to any party to parching* the whole
amount ; but, as the assignees considered that no eligible
offer was made for the goods, they sold the whole of the
stock by private arrangement to a person named Ayers, at
a discount of 47 per teat. upon the invoice prices.
Mr. H. A. Btansfeld, the official assignee, gave similar
evidence with regard to the state of the bankrupts' books.
He also said that, upon his asking the bankrupts the
meaning of the term " outman " that was placed against
some of the items, they explained to him that all the cheques
that were drawn for the purpose of redeeming the silk that
hod been pawned, were made payable to that name, in
order that the real nature of the transaction might not be
known

•The whole amount of such cheques be.
two. n January and October, 1961, was about SuW., sad
every transaction of pledging appeared on the books. The
books also showed that Messrs. Ellis and Everingtoa and
the bankrupts were for a considerable time both in the rein-
tire pusition of debtor and creditor to each other, and in
August, Mil, there was a balance of 601. in favour of the
defendants, and at other iseriuds they were creditors to every
much larger amount. It also appeased that duringthe whole
of the month of October the (Intendants almost deity supplied
Mears. Ellis and Co. with these goods, and they also mode
•cash paynlent of 64.11., and the actual balance dae to the
firm from the bankrupts at the tints of their bankruptcy
was 6111. Is. Sd., it being reduced from a much larger sam
to that amount by the goods furnished by the bankrupts.
Mr. John Allen, a clerk in the warehouse of Meows.
Ellis and Co., deposed that on the 24th September the de-
fendant, Lyons, came to the establi•hment, and he allowed
him some figured silk, and also some glace silk. Ile pur-
chased one piece as a sample, and said he would consult his
partner as to whether it was suitable fur making parasols.
He afterwards purchased a numbers.' pieces of butts &strip.
tions of silks, containing altogether 6,316 yards, the total
value of which was 6801. 14s.