The Express.
London, England, 1855-06-26 00:00:00

£370,44617 0
19,009 5 0
. 119.02 10 2

19,300
6,000
13,300 0 0 6,000 0 0
------
£460,083 12 2
Bills distouatad, supposed Pod. ay 9,000 0 0
sundry sharssaad securities stEtsak,say 3,0t0 0 0
Surplus of Mr. Strahates "spirits
estate, say 9,000 0 0
Dobn duo to Ilolforel and Co., my-- 33,000 0 0

110,000 • 0 160,000 0 0

1640,013 12 2

Ltibilitlas ke which so value has beni
naive& -

5622,292 12 2

With reaped to Raiford and Co., I may state that the
accounts kept at that home are principally kept by a clue
of persons who are in the habit of drawing in anticipation of
their claims, naval officers; and we expect to recover from
Raiford and Co. something like 20,0001. upon those over-
drawn accounts ; and inasmuch es the debts of Milford and
Co. will all be proved against this estate, the same partners
constituting both firms, that 20,0001. will be an wet in
I addition to the sums already given. The firm of Belford
and Co., if it stood alone, would be solvent, with a surplus,
inasmuch as the debts provable against that estate are less
than the meets by the sum named, 20,0001. Of course, the
same partners constituting both firms, the items are confused
sa sae summon account. There are bills discounted, supposed
to be good, and which are in the hands of the official assignee,
fn collection in due course, 9,0001. ; sundry shares and
• rarities of the banking-house, estimated at 6,0001. The
surplus from Mr. Strahan's separate estate is put down at
6,0001. ; that is to say, all the private debts due by him
will be paid in full by the sale of his property, and there
will be a surplus from the separate estate to go to the joint
estate of 6,0001. Oentlemea will please to understand that
these figures are liable to be displaced in very many parti-
culars ; but I thought it would be satisfactory to them to
know. as far as we could tell, what are the chances of a
dividend. I think the meta will be about 160,0001. or
160,0001., without reference to the large sums advanced on
foreign railroads, and which represent an item of 276,0001.
Mr. Bell, the official assignee—So I have gnarled ; but I
really cannot speak positively.
Mr. Cooper said he appeared for several noblemen and
gentlemen who had proved debts against this estate, and as
it was one of no ordinary character—as the investigation
which would be necessary would be applicable to all the
peisei individually—as it might turn out that al of the
medlars had larger debts than were represented by their
proofs that day—as they Gould not discover that, until the
accounts of the bankrupts had been examined, and the
bankrupts themselves, to see what securities had been der
puled of by them unknown to their customers—he bad le
ask the commissioner, on behalf of those creditors, and he
the convenience of the estate at large, to adjourn the choice,
of assignees to some future day, and to let the present sitting
be devoted to the reception of proofs as far as they went.
sad the examination, if necessary, of the bankrupts. TM
step was the more necessary, because there would be a
severe contest as to what gentlemen should be appoiated
assignees. Bifirfiither time were giiimlWlriu great rea-
son to hope that that contest would be got rid of, and
as agreement mipht be come to u to those who were proper
gentlemen to be appointed to manage this large and serious
estate. Another reason for adjournment we. this: on look-
ing through the proofs he found that many of the affidavits
had been taken at the private houses of individual, some of
whom had executed proxies giving certain persons the right
to vote on their behalf that day. It might tan out that
that was very right and prudent, or it might turn out that
the persons who had made those affidavits to as Meerut
commissioner were net quite aware that they had the op-
portunity of coming here, and proving and voting in person
for the choice of assignees. No inconvenience to the estate
could arise from the adjournment, as practically the duties
of the assignees would be discharged by the official assignee
until they were appointed, and any perishable goods might
be sold by special order of ,the court. This was a very large
estate; the room was thronged with creditors, as was the
adjoining court also; and most likely many who had
proved would go away without voting. There were grave
charges against the bankrupts—whether founded or un-
founded he would not venture to say—which involved the
neceui4 of serious investigation. Those charges might in-
volve some of the creditors who had now proved; and
until the examination of the bankrupts it could not be said
that the proofs were without objection, and that the cre-
ditors were entitled to vote for the choice.
Mr. Lawrence did not know whether he need occupy the
court in answering such very vague and shadowy state-
ments aa had been made by Mr. Cooper, without mention-
ing the name of even one of the creditors for whom he
appeared.
Mr. Caper said he represented the Duke of Rutland,
Lord John Manners, Lord Charles Manners, and others.
The Commissioner—l don't see the least reason for the
Ointment.
Mr. Parry—l appear hers for ono of the bankrupts, Mr.
Bates, and he is extremely anxious, as I believe are the
other two bankrupts, to disclose, for the benefit of the
estate, certain transactions which have taken place in re-
Wenn to securities which have been deposited with the
bankrupts by various of the creditors proving here to•day.,
There is no doubt that the conduct of the bankrupts will be
diseased very elaborately and at great length before your
Honour, and you will have to decide upon it ; but I simply
sow present Mr. Bates here, and ask permission to examine
him upon certain transactions, believing that the disclosures
which be will make will be for the very great benefit of the
meditate. In reference to what has been said as to some of 1
the creditors not knowing what hu become of their securi-
ties, Mr. Bates has prepared a full and perfect statement
of every security, of whatever kind, whether Exchequer
Bills, shares, or any other kind of security, upon which
money has been raised. He is anxious to take this, the first
opportunity, to place this before the court, and to deposit it
in the hands of the official assignee.
The Coe..."—"-- -
signet
Mr. Bell—No.
1 Mr. Parry—Then I will hand it to the official assignee at
once.

he given it to the official u•

The following is as abstract of the account nferred to:
LIST OF PARTIES WHOSE SECURITIES ARE SOLD.

A
btO Exchequer BUIa lady Carnarroo.
500 ditto
800 ditto
100 ditto ... Duke el Rattsed (Militia Account).
500 ditto
SOO ditto
5,000 ditto
5,000 ditto ..... arab= mad 03.

12.000 Bnalllea 411er Caste Chas. A. Caldwell.
7,10 e Manisa a per OM& Ms. Wetr.
KO Otte
"

MOO iUs
%SOO ditto

Foie' We&erwatl.l.
Kn. 1..

WA Urns aside
lo,eo Otto . ....,.
100 ditto ... ......
11,610 ditle ........
1.100 atiO .......
WOO

Mrs. Tatum.
Z. IL. Navin.
Mr. Strieldied.
W. C. Worland.
Mr A. Mord.