The Express.
London, England, 1852-12-20 00:00:00

matter r IMO 2.11119 As • Master fa the other, and
gig have, as Keith, Am hie eandeet is some matters, ap-
peals to have had, stalleting interests. Whatever may
hew bees the cans, of the dioaater, it walla that this mho-
lenals drat of Keith and Shoobridge went on Irma wan
se wane. In 184f1 their deficiency was 3,0001.; in IMO It
bad doubled. In Ihd we don't know what it was. A reer
son, not a very satisfactory one, is given for their not taking
meek—that some goods bad gene into Semiarid, tie the
printer's; bat the stock aught have bees Wen
with the nankin of accounting for those
In ISIL, again, there is no stock-taking, and it is Ott
Exhibition was the nun. The Exhibition seems ninths
scape-goat of a great many bankruptcies. My experiment,
certainly, don not lead to the conclusion that there are
many cams in this court in conscipence. There may have
been many cases when people of very sanguine to
meat ban expected a great deal more than they=
right to expect, and have been disappointed ; but I bows
net seen, under the administration of this court that the
esesequences bare been diametral's. Neither can I see that
the one partner being very much engaged at the exhibidee.
which cloud in October, would afford any excuse kg ass'
taking stock at the end of that year, or in the early MI
the neat. However, I must take the fact as IMg
than wen no stock-takiagr, and that we ban oat dm
sem of truing the gradual, or rather, I ought tomb the
Whireeent of this house, until we And them at their
pay with 20,0001. deficiency. They carried on a
badness in which their sales were at the large Ague d
$1,0001., while their profits were only 1,9351., the gig
mug. of which would be a very small fraction
ifis=
fgeesefore come to the conclusion that this house wen
IS recklessly, for year. and years after there was r par
bitty of justice being done to the creditors. Mr. Lowness
V made another scape-goat of the unfortunate year 1817,
end bas particularly alluded to the suspension of sales of
=Shin of great luxury ; but it happened that the articles
el luxury applied, not to the house of Keith sad
but to the silk house of Keith and Co. Thegospada pstrehases would be in articles of pee
litany, sag est it the comparatively humbler utiaTis of
printed shawl. I must, therefore, consider that the
abjection has been fully established, and against both do
bankrupts. In that unmet I can draw no distiestien
between them, except that I have already stated, that
Keith was not so assiduous in promoting the wafers of
the house of Keith and Shoebridge u he was in promoting
the welfare and success of the house of Keith and
Goode. The nest objection is upon accommoda-
tion bills ; and it is Impossible to deny that there
wen very large acenamodation transactions. It matters
est to me between what houses it was; it mat-
.= en that it was not an alternation of cross
paw between Keith and Shoobndge and Keith and Co.;
Int in veneer directions, there were various transactions in
assommodstion bills. Now,i this court has always been es-
seedingly hostile to the accommodation bill system, because
to that system is traced the means of the coatinuanee of
reckless trading. I bold that undue accommodation by
baskets is quite en mischievous as area paper between
• those

Law traderi; and if it had not been for Chit penes'
must have been pulled tip at a period when they might
have done something like reasonable justice to their meth-
ten. That charge is fully established, and I do nvt see that
any distinction is to be made between the two partners.
The third objection is that of excessive drawings. Keith
appears to have drawn out 6,0001., BM:abridge the moderate
em
of 2,4001. Whatever rate of private expenditure
thoes drawings may be referable to they are utterly unjusti-
fiable, because the whole of the profits, from which alone
the drowbss Amid have taken place, amount only
to 1,9001., belts wry seasiderably kw than the draw-
ings of eta wean alone. The drawings of Keith ap-
pear to be justifiable than thme of Bboolaridge;
Ist ant sal, has Keith drawn out more than twice as limb,
let it is to be reouniered that ha had other resources, and
estriag as roneber prosperous beanies under the
mito of Keith oat Oa. 1 islet think it masonry to am-
nia Oh Iho hes* ohlsolioa: It is withdraws, as the
Wof mammas ; the swats has sot sufferedanyis
hoa She trommeitia, Iho assignee basis...it pones-
des et the wit. sad beds. moods a mph, of dam But
Ibis tolesea mos hi osesegosese of Ole assemoodetioa
his Onset the evils of aessuesoiatiss bins Is abea amnia

who bas daalbs h tots OWN bbaTif I ;Alga MTst
no a hiss ef swig of his own, and lo pup essurrefatlen
mediae= la preforms to ether enseUtoes, es the plea that
they have had Mtn ter their money. let the law
allows too such ftednadon, and suds di
is most
dangsrews in beabzwptsy. On this: is grassiest the nest
elklestion— an ehjesden applying to Keith snly—that of
frnwfulest preforms. I use the word " fraudulent" is
this sense in whish kis need in courts. It is not to be un-
bowed that a bseduseat preference ialrolvesTithi7 of
mood diesessty; but it Is • disobedience le dr the
laeuf sad to the policies of Weds. de *nee to
this dimities s greeadef egos the notion wig* people seem
bee, that wise a Ask has arisen upon asernodatios,
and a party has had as peed; k is therefore entitled to
prahrencie. To the wind of • aos-trader it sight are
. Near. • I ought to take care of my brother—him debt is all
far attar/ ;" but may trader of twelve mouths' exp►
deans. tad having the eaten* of trade el thee
meet have thoroughly well ham that sash let=
could not be resegnisod sanest sestenwsid mu. It ear-
tainly did strike nos with sarptios wai defers should
be made to this elgeolka; wayargestilas i
would make the muse which I low wen
wee that Keeth it
was a natural impale el sillooden M sine blieene brother,
sad that he did net the fttr aim of
the injustice he wee to pineal oesdletes—
that he would sonata the beta and throw Mew/fee the
many of the court. I lave at the *OW hesitation is
mese. that if I von ho take the iserniastiten of Keith
eenslder that Ws sharp Is hag nide bd. For
he wee inieedbell sehmesal, end baud
lusty with the quells= pit to hies, he le at bet obliged
to Naha that he ad sled the Mb to his Me-
llor ; esti it Is 'grab' lapsible for him to
dew that, ugsa thi Mee of Wee ezendeationa
Ili vas la Om met iY eswilent pieties of baskiwolg.
Mee or boa ballipselases meet have satteaplated beak-
repay for paw It le a 01111111 M Um:Mt in law that a men
shall be dosed eenbeiglete that which is the inevitable
melt of ids
of
end I mast bat pensive that the imm-
utable malt of the twang of these primes saust ban
beta, abet tbsy thmehee odnie—a wain of dna net
a quoin of bealueipley—o amebas whether mast or
later--sever a quoits of beaktypt or at hsehrupt, sol-
utes on est solvate. But these bills were esat to Moamar
Keith Oar direethes had been given to *Mr
Means. Willis sad !snivel, only to pay oartels trim
sat to pay Notate Mbar bille—se slier as isdkoden of
in-
seleen as mmmmmall en give. Bo spoil
the 2lstcy of could be se possi-
bility of doubt _ trained then desk state
as far bath as Wafer sad thee ona be ao babe they all
taut have hams MI Lk.Lp that they were to slop en
the Nuadahligulibill swill OM Nil bin they
awe to ea the likaday. Whether these bills
were seat &barb" sight's pest et Menday's I know
not ; but It abut, impossible be say resseeable
puma, readies She arrabasiess„ to same to saisother
renames Asa that thee bib Were NM by Keith
▪ sego * wee by bb abodes) to his heather is
lino
be the ,
pease. eT ladmiallting him ire pagsysisatilril
•WI alit Ilea beet ms le keine deo osadissable
without say sok theselhea ia the eye af
ths low, a fraadaleat —I eta awry to say,—
estake so distinctly the tenet of the berth article
M dean* sondem. that I en band to albeit Mit the
of the stalubs. The nest elisolisa ebe typist to
sob,—it ism to the tramesdens elores,—lna-
Wks timaseleas Y lesth,—whke Imo utterly nognstig-
able. esasithuing bit yeehisa as related to his seedibee
the Let of Kolb sad lbeeleidge. Upaa the while view
of the see, I iteme,, vely sabssleatly, to the osashrlen fiat
it I one la odd& I an bowl Wiper what esey be deemed
• heavy jodpeast bets the slam of artilsete, I abbot
And that the foams of these beekrapti he to be
in ate,
e any apes. te my unavoidable lose or adobe
tea, tbseebee. way give it of the third class. There
is sue partisraiso is whisk I absolve both the
bealingb bin Ng bohemia tableau ; their halos were
ham ha that 'gm sad maw mew that the beaten
might at soy lbw how seta the Ma Mille of their affairs :
no elessehasat we attregled or ted. To the
baskrupt. Ilheelablaa she is due Se aegis of hayingin
all enlesilllS mists& hale origaesa The bankrupt Keith
dm met steal hawse* I a lOW partioolo ; he
bee aasglum a verywally geed Nem it it. bousatie the daty of
a booknat te bake a NI admire of hie eats% sal to
meat the sedgeoses, both lathe theidedea of ail his abbe,
mad the reoeviry all. ble yes, does nil depend urea
civilities erssertemienof . The INIMB lma IMIM
be of the Ind ekes ; the oesilleses of Id" kr the seems
of diastase I have east be seeLeadsd ter two
yeas* ; that of lateebridge ern C To
illsobsidan I
see Le moos why I should re peeteelisa; but the
bras of the statute reels& we essreling a discre-
tion seta as to Keith.

11;.1:1•11;ei—itinr Ream wM prebehly be Mad
earesb, while lin nee is fresh ia year inelleslien te de-
in W keg* et line which Mr. Joie think
4a mak hi
primes Inns peelealea is treated bin.
The Hienannen—Wen, I sat de inmate et kap ins-
ant I dna yeasemet nine • wane tans ef a sma them
le lei ine In nab eine weft; bin udder al in GS
I thin I name fez
lime aim et impeleinneaL
Unsun= &OW ne lhet the nen led an ben dead.
lad by Oh an it wend nines me le take • soon haw-
able new. My leipendia Is tint at • Wan period yea
nay ma* bane bean the man Sea you do sow.
His Hearan annex te a geselisa frin Mr. Reed, end
wlanexeenyeselea
Ufa we wend date from the pandas of
min

INSOLVENT DEBTORS' COURT.-BAMIDAT.

Oven Ma. 00onosisoirsa hawse. - lii 1111 MATTIR or LLJWILLTK CORAOIO.—A Novu.
C•as.—Pitmon
This .besitesiorb• mu the wagger et •
ow heihieekhre
plied let MINN= Aet as • " raweisert."
Ti' •• eppeohlot, sad Xt. Clete emitted the op*

••enrol question aeon in the ewe. Th. inseinseni it
ems pWA
en u husrewed speeds of Ms
C. :1 44
and whit We hams is s poi Weber.
lie eshegeeetl7lell or lerelneesifloil he seer thee bed
massed a &Worms ocespeths. Bence hie description of a
1 " nea-trader."

Mr Commissioner Phillips doubled whether he oodM
wee& the potitioa r a " oortswks." By lots, into
badness the debt which was reloselod With Mr. Good.
asp wee matured ; and, although tha ideeirest had
bees Nee tire out of rade, pe in are of the
hable wen owing whilst in tho imositent was
Nola War Ma me hint end *mho i. M has
Min es a • Mader. &M he uNow the dere •z
2, the moral allowed to trader iadet the Priori=