The Express.
London, England, 1852-11-02 00:00:00

Kato

:nttliffsence.

CJUItT OF BANTKUPTCY.—YESITAIDAY.
Ihr:sa N.. Onawissewea thictsvas.
1% rim COMICHOUM.
The bankrupt was a solicitor at Woolwich. This was the
*turned nonfinite meeting.
Yr. Lawrence supported the bankrupt, and stated that
the opposition which was nth red at the termer meeting was
non withdrawn.
11r. Bower, fur the assignees, said that they had no com-
plaint to allege against the conduct of the bankrupt either
before or since his bankruptcy. lie had becu must atten•
tire in mcs:ing the as,iguccs to realise the property.
His 11 moor said this was a very important point, espe-
cially in tke case of a solicitor, where the assets must consist
principally of bills of vats.
A creditor [lamed Sayers said he wished to oppose, but
not haeu.g given notice he could nut be heard.
The bid ,acv-s..cet was in the following furor
From Jan:l, 1019, to Nov. 23, 1061.
llw
To sundry creditors (No. 6) £12,017 7 1
To ditto, security (14)
To surplus, Jan. 1, 1849 (40) dont; 11 0
To prows, bill costs £3.057
To rent occultist
To room. account
4,721 9 3
To Gohlties (2.1)
To errors in posting

£44,712 18 2

By debtln, good „....„
£2,977 12 10
By ditto, doutttul 2lO 16 3
By ditto, bad t3l)
By property surrendered (21) 4,060 15 3
By date, bold by draiters (14) 17,235 0 0
By interest (S. L._177) 3,323 16 1
By alterations and repairs (S. L. 1471
By pen end expenses 0,932 17 5
By ba:Ance of cub (33)
3,947 2 4
.By liabilit4s, per contra (25) 12,070 0 0
Bs luau £3,257 16 0
ily bad debts
2,461 11 10

1:1d,712 18 2

It appeared that the bankrupt had paned his last eta-
sista. on the 21st May last, and on the Ibth of June
bad made at liotios for his certitie,ate. 'l' he haring was
adjourn, d to enable the amgnees to realise the outstaniine
property and to collect the debts, also for a special report to
be sale by the official amigos, es to the reality of the
eapstal ..r surplus with which the bankrupt counneaceil
la unts in January, 1619.
/It. Niche:ion, the official ami,mee, reported that of good
debts staid to be owing to the bankrupt in January,
to the amount of 83971.. the shots hail bees received ex-
cept 7.15:. ' • while spun the property, returaed at 25,92,41.,
there had been a loos of 1,5.111. The assets were returned
in the hilanee.sheet at 19,P21.1. • Stine usenet, 4,82 u/. had
been rya :soil
'. ; and it was yrobake that at least 2,7:41. sore
would be rem teed ; making • total of 7e5701. These setts
were sulk:eat, in the grim, to pay • dividasd of lOs. in the
pound ; but after the ezjicosca weer deducted, the dividend
would wet he more tkaa sa. lid. The total 'sperms of the 2
years and 10 months had beta 7,638/.. ineluding 3,3231. for
,Internet; while the whole of the bankrupt's income during
that resod had ansowatod to 4,7271. 'the casti.hook had
been remarkably well kept; for though the entries were of
very large amount. upwards of 77,1",.., the book balanced
within a few pomade.
His Homes said the report did peat credit to Mr.
Mao:ion, tie Micial SOlNsace, awl the gentleman Icy
whine hr was assisted is these matters, Nr. Hart. Ile
washed that those who were Mocuesing the charges of official
soigsees tAild be witness se Us diciest services which
Ibis, gentlemen mmieeed is that court to the creditors of
lemakrut is esteem Reolieg the loss time this ;oedemas
had hem without hbeseilltate, it would only be zweesiary
Ise his advocate IM saber himself to the question of clam.
Mr. Lawman siskeitMd that then had been nothing
like reckless MAW sod that he bad never known a case
where so Urges peoportion of debts had beta realised. It
was a west exceptional ease for a &Welkr to have hike of
seta owing him to the amount of between 3,000/. said
%OSA' , .10 for the whole to be realised in So short a time.
His amounts assented with • surplus in ISO; and be-
ten that period he bad been in Mumma sear a quarter of
• uneasy, had Sought up • /ogee family resperably, said
lad alw,y. paid his way. He had • clear capital of about
3,00 b is INIO.
Hui Honour—Then, bon has the failure arisen ?
Mr. L211'714(41 said it had chiefly arises from • km on a
large rro:,erty purchased in HMS, but which had since
bused out to be Ws valuable Cain Mr. Colquhoun had
supposed it to be. To mass this purchase ha had burrowed
• sum co 10,0001., "Wog the mortgagee • security not sly
ea that property, but on era other property which ha
hold; awl a large loss bad occurred on the realising of thess
=tMs. The. of the bankrupt had not bees
itan se • peoussiooal maa he was compelled to incur.
Siam the hemkrepeey he had rendered every assistance to
' eras entitled to a first class certificate.
au semeessinmer ma you say that the bass or Eds•
leutimies in this am wen w holly unavoidable ?
Mr. Unarm mid that the bankrupt had hem peer
palm spies IS" but loos that time th6qpi had we very
mask simbethim; sod the assumption wary Met Mier he
bad essessied by bairns with vigilaase sad assessy for
:oer se •essOsiy, bog sot Bur-Wilily relaxed in his
= but hai smosisbui sistortnnes which he could
Est awl.

Hu; TiTic our said In had looked into this cam very care•
fully indeed, base it was ono of a clam of cases which
won bommsims my frequent (though math dietinguished
insist sup posy Ott came befage sbe oeart)--• slam of
awes whisk rotelead to b• meshed and Med to the eft r.
not Mr. Colombian was saes( a in of peatlemsa who
wen to be found lm cwt earsery twas—• gearlemse at
stberaLoa sad af Wsaf, and whey Mew M the sltaslMe of
• solicitor, hod esda Jody. imp—ira this use
smite so--the mellisese ef *no aintnillt elan lis rmided.
Where a seMatter la hip
_Who= Ma snubs smi se&
dame, it was demist WrlmlteL Meow Moat he had sew
suited him es almost all samosas ea whisk *dr lamest'
men calm/eel ; mad they wen almost satin* governed
by his advice.. They to tea him with their nosey ; they
sought his anneal and *hiss es every emergesey • he was
the depositary of their most morn and oonlidentialconuna-
siontioss; and if they Lid mow* to lay oat, especially, ha
woo the first porno to whom they applied to lay it out for
their advantage. It was most importaot, therefore, that a
nun in such • poetics should be fogad trustworthy, and':
shou!d not betray the meildsess placed ha him; that with
respect to mosey depleted with Met for such pur-
poses, he shaeld be seta* sad entirely hottest
sad true, and he pawed to seeder to all so
trusting him sa assuale seems el whet Ito had done.
In this we Mr. Calidesa meet ha asquillid of all inten-
tion to domino, or MeV sariblag ems& sr anything ap-
proinbiag to basil ; it was net nosdral ems tesseatima the
word in • moo off die desseiptlia. He seas sat si this
Livery a off
bees* mer—s Nee evilest whose fair
dealing and ialesellse te de sight andtheg mid with troth
be alleged. Bet Is an seek elms dews we as farther in-
qaire—whsOar the mea who was so dental bed @smutted
la immlf with wpm sad due 4;=theals. bed dew all he
eoald to pea sgalast the at these who had
treated Wm betas seared by hie ; sad with that
view, penmen is this *dilation of life was mposially called
upset to be atenrate in their bookAsepies—sceencie he
✓attles deem every transaction with gialleMala as NM
mad hem time to tune balancing their basks, and elsambis
hew they west on. But, said Mr. Lateness, It wet
Bible for a solicitor to do this. The went Gould ast adept
that view of the case. A eolialtor might cot mealy* hi
debts with posetudity sad but the did est
absolve him from the neanolty of at
the close of each year, admit ha a 8•610,91.1=1 se
backward. That was the duty it every mem, sod
especially of one in irk= others had leaded,
sod who, if he failed, would lassies others in
suffering. It was not enough for seek • man
to produce a caah-book, well hansind, On error
being not more than 571. out of Writs of 77,0001.
—together with memoranda and diaries—sad ask that in
arcountstit should be employed at great impasse to audios
Maser It might show that Mr. Coluebsea was an Newt
sad just man, but could net absolve Wm from the shop
of not taking pains to assert& bee he was Oa. an.
Had he dons so, even at the baginadeg of 18* he must
bare perceived the isenmity, if sot of atsggisa, sff making
a very rigid inquiry into his affairs. Bat lad est dome
ee ; he bad goes on trusting that, as he bad legs ansmostal
for 2.5 years prior to 1849, the Wall good lack would attend
him ; sod he had left things to take their shasos. It
seemed he was is the habit a Jordiama edam ; to am-
ble him to do this, he tentersi a law -s em et messy, an
which he had to pay I per seat. The nab of the mates
fell short of the mama an bed thee to pay ; and the; meek
was the item Is Ids Isisassombest of 1,3231. 18e. U. kg
interest ; and eves &diadem the met received, the smonat
was still large. What right bed the beak rapt Is lay sat
money in this way, 111110111 ho was quite sure, whoa he
made the purchases, that he could pay every one his own ?
There was no harm la a solicitor investing his money is
land, as a property for his descendants to inherit—that was an
everyday course; but before • man took that coarse, he was '
hound to look into his books, end ark himself if he was justi-
fied in doing so. Had be done this ho must have arrived at the
cosclu.ion that, Waned of being able to pay 20s. in the
pound, he could only pay 10.. Then is to his expenditure
nippoins him to he free of the world as he was in 1849, a
thawand a year was not much to expend on his family i but
in Iv it it was • very different tiling, when he at love
=S id
known that the estate be had purchased was Wes •
LIS, the interest oft the purchasentoney e Oho
nat. bander these circumstances he woe not j is
*eliding a tkommed a year. It was much to he repaid
tsiat he had net the courage to look bia affairs earlier MI the
Moe, end bold Ids hand before his cheats had sustained Oh
mu, which it was certain aohoilv felt more than be n&
The weld t him (the Commialioner) Ines ashes
what he wished. granting a first•claas certificate t tee
he weld net being bisect! to say that the Miler* bad
reiholl Wes frees unavoidable lows sod misfortunes. Re
me M hie duty if he said that Mr. Colqnhoso was
is Er win thee • seesettrlees certificate; bat ter
,d
has. glans bin rest pleasure to award a GM
OGldiolle. Uwe were a great many "onto
Nitow wideli 5111104 to entitle Div. Colas.
IS the tweiwila onasidentina of all Ids
La the IMI Mass, he ball sit stumped
...gess ear one 5114.14 - but bed glans 1111 all
ae bell he teas! sad Ye Moldiness ; be Kw etyma his
iSsMeals with greet Ittith, sad after the Lastest pod to