The Express.
London, England, 1849-11-10 00:00:00

1648, te the Bth Aoauit lad, the date if the bankruptcy.
was prepared by Yr. Mosel' r, of Colessan•street, and showed
debts ass to creditors, 2,3031. ; liabilities, 4211. ; Foam.
711.; capital, ail. Assets in good debts and property about
6061.; irises. 6761. ; tra 'it expenses, 6781. ; drawn oat by the
pertness, Mi.
Kr. rarer, fir the assignees, Questioned the acenracy of
some items is the essosat of debts due to the baskrepts,
pirticulerly a stun 61711. steadies against • Yr. Owen, of
York, the entry of whisk, ea will se of the other suspicions
transactions, appeared at the bottom of a pegs in the dey-

l• ash of the bankrupt' underwent • long examinatioa,
and several suspicions entries in the boo were painted
oat. It was elicited that they had both compounded with
their creditors, when in business *smarty before. Paine
had vehemently been a eosemerMal traveller; and Owen,
wire emsld not now be found, bad been recommended to him
by follow traveller, named Nettleton, who represented a
lAA boast, but of whom the bankrupt could give no
mosost.
Atm kudos h r. Lawracee for the bankrupts,
116 Wow odd the case was one demanding further in-
quiry, aid he thought it wooed be necessary, when the er as
NM ban him again, to devote • whole day to it, it in-
volved se many circumstances of a savicioes nature. The
damn it quaint were small in amount, and would not much
Abe do &Mood either way ; bat it was meet imp 3rtant,
he the mho of eseeneercial morality, that the lemur should
be thorn/My inve•Maated, so that if fraud wen detected,
Funiolimost might follow.
Tb nomination wan adjourned till the sth of January.

No Muss
1. B. Rau tallow-eltamiler. at Holborn, applied for kis
certified*. His debts were SOW. • no mute. There was ':o
ow:elfin but his Hues' obeerving that the bankrupt's
property had passed entirely into the bands of one creditor,
a fortnight before the bankruptcy, said he never granted
• artilieate immediately under such circumstances.
The basknipt said he was without the means of en-
guisg professional aseistanee, and had been without his cer-
eiftoate for eight months, because he could not pay the court
fut. His debts were small, and none of his creditors were

dissatisfied.
His Honour said the bankrupt ought to have come before
the court at an earlier period, before his property had been
swept off under a bill of sale. The eertifiette must be sus-
pended for a year and a half from the date of the flat.
In a somewhat similar ease, that of William Rogers,
vietoellsr, of the Edgwam.roid, who owed upwardsof
4,00 W., the °militate wag suspended for 12 months from the
date of the fir.

Bz PIUTCSARD ours Dux—Munoz or Bar.acrt
Or Treat.
This was the certificate tuella; in the case of Pritchard
and Dale, stock-brokers, Liverpool.
Mr. James said the Commercial Bank wee creditors o
the separate estate of Pritchard for 32,00 W.; they held
securitty for 23,0001, which, when radioed, woad leave
due aboat 10,0001. No particular opposition would be
offered to Dale, who appeared to have been extremely pas
sive into iris transactions of his partner, who owed the
joint estate 7,0001. The partnership had commoner:4ton the
7th of August, 1848, Dale having previously been • clerk to
Pritchard, whose capital was then precisely 2011. 7e. Id.
In May, 1849, came the bankruptcy of Pritchard
on his own petition ; and he was then a debtor,
on his separate balance-sheet, of 7,0001. to the
joint estate. He bad made • most :feast Imo
sad untrue representation of his assets, of which
there was not a farthing ; and he had put many persons
down as debton who he must have known were not debtors
at all. A more extraordinary statement had never been put
bike a c art. To make it appear that he had something
like assets, he bad put in as debts due to him • sum exceed-
ig 14,0001., whisk was utterly fallacious, and for which
Own was no pretence. He had inserted Mr. M'Oregor,
M.P., the Chairman of the South Eastern Railway, as a
debtor for two sums, 1,3431. and 8,0481. It would be shown
in the result that the bankrupt must have known he bad
no pretence for making this statement. Mr. Macgregor had
some te the court at great inconvenience, to disprove the
Pritchard, in like manner, claimed a debt from
Pmenewal Beak et 6,6881., which he called " suspense
" and which was 'Jae fallacious. The bank had
him money on permanent and also on transient
uswities, and not only was thee no shadow of foundation
ter his as that die bank owed him that sum, but, year
after year, be had slimed accounts with the bank, in which
no such item
His lionounierelted for some explanation of this entry
from the official wadvses. Mr. Whitmore, and, after • con-
versation,
Mr. James proceeded to say be would show that the hank-
rapt
had been •party to II transaction which would prove him'
to we known that he had no claim whatever to this sum.
He bad also stated is his balance-sheet that the 8.-.ath-
Eastern Railway was indebted to him 2,4611. as deputy-
chairman and manager: and this though he himself had
been party to • resolution at the board of directors that that
body should cease to have any remuneration whitest r,—a
sum of 1,2001. having formerly been divided among them.
It war to be regretted that for the porpoise of making a show
of 'sets such extraordinary statements should have been
ventured on. When the case was thoroughly investigated,
itlwould be seen that there was not • farthing of wets. The
bankrupt had entered the board knowing the anr.lunt of
remuneration be was to receive ; tht curs ho had received
and he had taken extraordinary credit with the share-
holtl:ra for pasting the resolution which stopped the future
allowance te the directors.
The „Coraminiener—You kaow that unpaid services are
worth nothing. (Laughter.)
Mr. Lswrance—l dare say these directors took care to be
pretty well paid beforehand.
Mr. James said the bankrupt, not content with inserting
this sum as an west, had made • further claim on the com-
pany of 4,8751, as compinseion for his peewee' services for
three years and a half, at 1,6001. per annt.m. Adding this
to the other sum, it made an amount of 7,3281., which he
inserted as an asset for his crediters, though knowing he
bad not a shadow of • claim to it. He had never claimed •
farthing till his bankruptcy. He had received the ordinary
allowance of • director, and had also derived large prop on
the sale of certain shares. Besides all this, ha had inserted
a lug, number of persons as debtors upon delivery of shares
which delivery would, in most cases, cost more than the
debts. Bell, Beverley, and Co , of Leeds, were put down
as debtors for 2d91. 3e., on delivery of 40 London and York
sharer, 21. 10a. paid up. There was a similar item of 11x31.
from Mr. Fothergill, on delivery of 20 South Eastern shut a.
He men that these parties owed him the sums in question,
and put them down as meets, although he had no shares to
deliver.

Kr. Lawrence said there was no attempt at concealment;
it was stated that the MIS were dim only on delivery of the
guns._

HiTlionour—Who as have prepared such a balance-
skeet t. . . .

—Mr. Whitmore said it had been prepared by the bankrupt
Pritchard Mani If.
Mr. Phinnsaid then was one case where he had:actually
received the money from the customer, and yet inserted it in
the same way as • debt on delivery of the shares,
Mr. Janus said the same principle ran through the whole
balaseesheet, solely to swell the opparect amount of agate.
His Honour did not think that any delusion had been at-
tempted. as it was stated that the thane were not delivered.
It was his practice always to inquire how much of the esti-
meted meets had been realised.
Mr. :MIS said there was one case in which Mr. Angus
save put down as owing 1,0211., and yet the bankrupt had
net debited himself with the shares he undertook to deliver.
The ewe of the South Buten Company was this ; he re.
oohed from the company a specific sum to invest in shares,
whisk he did not purchase, but applied the money
otherwise; and now put down the company as
creditors for 3171. only, with the addition "to de-
liver 81 South Eastern shares, No. 6." The real meaning
of this was that he owed the company about 1,2001. more.
Could anything be more fallacious than the way in which
this was stated on the balance-sheet ? In no way had he de-
bited himself with the value of the shares which he had
received the moneto purchase. An investigation was now
going on upstairs between the bankrupt and the bank; nnne
had yet been had as to his inmost with Mr. Macgregor,
who now felt it his duty to declare that the bankrupt was
misleading she court by putting him doers as a debtor for
8,0001. Oa the " saspenx account," the judgment of the court
might very properly be reserved till the investigation up-
stairs was closed. The bankrupt had clearly been attempt-
bag to delude his assignees, end drag them into all aorta
of fruitless and expensive inquiries. If his Honour thought
this investigation would be los expenaively and more mtis.
&Moray conducted in private, he was willing to consent to
that coarse.
His Honour mid this seemed to be an inquiry as to items.
He would ask Mr. Whitmore how much of three alleged
mob had been realised ?
Mr. Whitmore said about 1001.
Mr. Phinn also thought the case one more suitable for a
private inquiry. His charge against the bankrupt was, that
he
had committed a breach of trust, as a sharebroker, to-
wards Mr. Beverley; and that ha had pursued the same
course in the balance sheet, by representing Mr. Beverley
as a debtor. In the beginning of this year he applied to the
bankrupt to purchase hint 50 South Bathers and Dover
shares, and was told that on ram* of the mons the
shares would be delivered. Mr. Bovesisy tt him
7001. in bard cash in March, for which a receipt was gives.
Days passed, bat the shares were not delivered. Applies.
ties being made to the other bankrupt, Dale, he said they
had not got the thane; Mr. Smith had not delivered them.l
Its wee asked to boy in the shares as against the party whis
had not delivered them ; sad that might have been done he
6501. But it was abundantly evident to the party applying
that the reason the shares were Rot bought was that the 7001.
W been span without buying the shares. The matter was
brought before the committee of the Liverpool Stock Be
ohmage, who decided that the conduct of the bankrupt had
been dishonourable, and that the money aught to be re-
turned. Unfortunately, this was a mere rebuke, and did not
produce the repayment of the money. The bankrupt gave
some
_promissory notes, and ultimately, Mr. Beverley got
seam 3001, having 4001. Mill due, for which he had proved.
This was a mem quite suffident, if proved, to defeat the
bankrupt's application for his certilleate.
Mr. T. Harrison, clerk to Mr.BsverMy,of Leeds, stated that
be went to the bankrupts' cam, in Liiverpool, on the 21st
March, in masequemie of a letter free the bankrupts on the
day. He saw Dale, and applied to him for 50 No.
reTDMei %wastes. Dale said he meld not deliver them as
Pritchard was in London, and it was his affair princileart
7001. had been paid to Pritchard ha London for the
ea the 10th Marsh. Next day he mw Pritchard, and asked
tor the shares ; he said they had not got them,
• party had mid them • bear. Witness advised
Idea te buy in against the , aisd
Witsmid be would
go to Manchester and try to get er asked him
to return the mosey, bat he said he could not, as he wanted
to take it with him to Manchester. He offered No. 2 Dover
shares in lien of No. 1, but It, never produced say. This
whams destined. Saw his spin on the 27th. Had is the