The Express.
London, England, 1855-10-23 00:00:00

COURT OF BANIRUPTCY.—Oct. 22.

WOMB XL CONXII
IN RN NONNI -WOW

Mr. Iliargiese, as behalf of the bsakrapt, toesplateed that
this aloe waste. signet anomalies. These bed base twisty
ter Ude., wpgaisaihme ; the hesloupt had emit all the dis
eimmese fallaprser t sad the smiths see is het Mat
of Mr. Moak the Widen to the maigame, gibe hod bees
his own eallelter.
The bashaapt ar.s ..seised, sad emelt be @IMO for
die defame, et I,IOW. is his hum balaseirebsel by
Medea Met be had estimated his breakages mad the amt
peelisg• leti law. by at least 61101. of
Aft_er speirleeMsd esaminatios of the somata, and the
se mmbelft of eeveni witaesses,
His Mara said that Mr. Sturgeon had satisfied him tkat
the eseseste were is sash a sesfased state that the bank-
rupt soda set pis The bankrupt would suffer aotb Mg by
the peeVemesasalt as he semi sot repot an immediate en-
-11. bad bees hi swab a desperate semi sighs/es
months ago that be had esseried t. pledging his plate, and
bad aeyeethabse game es baying goeft to the amosat of
8,0001., is Widdl Ile bed este* to raise mousy by forted
sales aid meek autism. Is addition to that, be bad parted
with a large gautity Meese to memben of hie owa family.
There must be an t for two month.—until which
time the gayeties of diewasee mast stead over.

an

This wee the eartileate uteetiss is the ease of Jure
Fletcher Castpla skip sad insecure broker, of Bt.
Percemalley, ate, tredin as "J. F. Campbell sad
Co." Hie Wesel eem dat the begisnieg of 1863,
with a ddleissey of 8,8121. At the date of the bankraptcy
(3rd Febrsery, 1866) he *wed to mthecured creditor
10.0071. ; to thine holdieg eseurity, 7,2003. (the securities,
airily skips. berg estimated at a little over that antoisst) ;
liabilities, 2,010 i Assets—good debts, 441.; doubtful ditto,
2,0271. ; property, 6761. ; ditto held as isecurity, 7,6501. The
profits were stated at 6,2701. ; trod' express, 729 1. tartest,
1681 ; dozasetic and personal ezpeases. 811 E; loner, 7,6801.
The lases had principally arises es shipseaste—ose item,
that ou the " &bah Titian," amounting to as mach as
4,8761. The liabilities IMO priucipelly os soleptasose of
Mr. Oliver, of Liverpool, with who. the bankrupt bad had
deslings.
his.. Dowse opposed for the Meignele, peiripally on the
ground of the large dadsisacy with whir the bankrupt had
mouseneed, the .strawy small proportion of meets (little
or nothing having °ore tato the Muds of the soignee.),
and the imperfect way is whir the books bad bees kept.
As as insures of the latter chugs, it was stated that the
bankrupt bad prebeerl a s kip riled the Hebridee, from
Mr. Oliver, of Limped, pre pelmet Or white was re
trassfer of his sham is re Faris het itepprolth that his
interest is that vessel bed bees bpseeil telfsersre. Camp-
bell and Co , of Oltagow. nem leer ether MOAN dis-
crepancies ; so that, ia fact, the beers shaded llii. fir so
inforratios to the origseem TM besittspt had .alp been
allowed to pass hie has eserlesthes as radars of the
arouses now being implied late. Frees 1861 to 1863 the
bankrupt had bees is pastorship with a peers sassed
Gordon, to whom he speed to pay 2.1601. on the diseolm
• sad he bad actually paid him 1,6001., although it was
clear he was then in a state of lead coney.
The baokrupt was ezarised at sour hug* as to his
transactions in buying and selling shares et vetoer, to rtes
bash the fact that these transactions were not correctly
represented in Isis books. Eighteen months ago he had
wade a payment of 4001. to Gordon on amount of the part-
senhip, but did sot then know to what extent he was
involved.

kr;itahant, the eißeiel assignee, Western of
diamond by the asossate of the Bank of
Bootimil. Omaha was ander liability to thews, at
osionsiont of 1363, to the amount of 6,9201., Thus in-
amiss Mhdeffeleasy at that period to nearly 9,000 i.
Mr. likkaas. kw the bankrupt, said there was no doubt
this was as asandas is the part of the bankrupt, but It had
been admiNsitassi the naj first ; there had been any
attempt at elgrialkasnt. Bat the melt was not to increase
the doldeney, ihe the liability to the beak was covered by
vends kill is esearity. The bankrupt had tarried on •
large asi issametal business for twelve years prior to 1861
WUm isaerell law partnership with Mr. Gordon, who
beengbe la 1.0001. at 3,0001.; and at the diesolation of the
partaseship, in Aiwa, 1863, the bankrupt bad every
ream lo beliemeMat he had a large nrplus, the deficiency
now epenamal lianeas only arisen through debts that had
subsolwindly basso* bad. As the &shah Teton was now
about on a voyage, the freight to be rewired on her return
might outweigh the large loos now stated in respect of that
vessel. Tits trading had been perfectly legitimate ; and the
losses that bad been incurred were wholly unavoidable.
His Honour said he could not come to the conclusion,
though the beek.keeping was very imperfect, that them bad
been any intuit to deceive or defraud the creditors. Had
there been a proper investlgatim of affairs at the time the
partnership with Gordon wee disaoleed, instead of his being
entitled to remise a large stun, it wee probable he would
have had a considerable amount to pay, and in that case the
bankrupt would have stood in a much better position. The
deficiency wee imputable to a period morn remote than the
dissolution of the partnership, and the bankrupt was not
justifiable in continuing his extensive trading with se many
intricate liabilities banging over his head. He was entitled
to a certificate of the 'mond elan; and as be had been so
long before the ourt, the suspension (for he always sus-
pended a certificate where the book-keeping was emend-
isgly bad) woald be only for six months from the date of
the last essialastioa. As there was nu reason to impute
band or somealmest, rota:ties would be rancid.