The Express.
London, England, 1862-11-04 00:00:00

upset my benefit from an adjournment ?.

Mr. Liriilater said he did not behave that any pecuniry
benefit would result from an adjournment ; the assignees,
therefore, wishc d the creditors to know that, though not
opposing the bankrupt's passing his examination, they were
anything but satisfied with the accounts.
Mr. Lawrence was about to address the court in support
of the valuation put on his property by the bankrupt, but
His Honour held that, representing creditors who did not
oppose, ha could not be heard.
Mr. Lawrence said he would merely express the convic-
tion of his clients that the sale of the London Journal and
the other publications ought to be inquired into.
Mr. C. L. Lewis wished, on behalf of the bankrupt, to
explain the charge, now made for the first time, of a defi-
ciency of 2001.
His Honour declined to go into the matter at that stage,
and said that the bankrupt would peas his examination,
subject to any question that might be raist..l at the sitting
for order of discharge.
The next sitting was appointed for the 3rd of December.
His Honour said that the report of Mr. Hart was a most
valuable one, and ought to be carefully considered by the
creditors.

The report was as follows :
"THE BANKRUPTCY ACT, 1861.
"It WIZ MAT= OP OILOSCIS ISITIT, A ammzurr.
"In thinness the bankrupt is described as a newspaper
cmiz of 334, &rand, in the county of Middlesex, and
Spator, Villas, Norwood, in the county of Surrey ;be was
adjudicated bankrupt, upon his own petition, on the 20th
day of Much, 1862, and upon the 13th of April following
it was ordered by the court that, in addition to his
statement of accounts, the bankrupt should furnish
• balancneheet, or deficiency account, commencing
in July, 1869; • profit and loss account, showing the profit or
loss arising from the several journals called the London
Journal, the Weekly Tinges, the Guide. and the Morning
Chronicle, repectively; and also a cash account for sin
months immediately preceding his bankruptcy ; and it was
further ordered that I should be nominated to assist the
bankrupt in the preparation of such accounts ; and, in pcir•
nuance of such nomination and having prepared the &commis.
I beg to submit the following as my report :
• At the commencement of the amounts in Aril
had great difficulty in obtaining the assistants) of ti•
; .

rapt to elucidate or explain his—books, and is ooesamers
was compelled to apply to the paper factors and the mil"
generally for statements of their accounts, which
me with the assistance of the bankrupt's books to
the account. !slaked.

"THE IMMINENT or
"This account ooetaies simply the detailed
of the bankrupt's debts, liabilities. and &meta. li
compiled from the books and invoices, and discloses
Scieney of 14,5d01. lOs. Id.

"The DIFICI7.NCY ACCOUNT.
"Thu acoonnt commences in July, 1859, that .
date at which Mr. Stiff purchased the London Join
Guide from the late Mr. Ingram, proprietor of the Ph
Loudon Pees. 25,0001. of the purchase money wu ac
for by Mr. Stiff payable at certain dates then agreed
and as security for the due payment of this amount

gigs was give; over the copyright of the London
Guide, and Weekly Ttnte,s, with the usual power
ease of default. This power of sale was exercised,
copyright sold before Yr. Stiffs bankruptcy. The •
contains the balance-sliest, the profit and loss account
the London Journal, the Weekly Times, the Our
the Morning Chrowick, and has been prepared
books, papers, sad documents in existence, and,
the following remarks, I have to express my
thereof. _ _

in Awl! lad, I
Ace of the beak. •
u consequence I
did the creditors • th
which enabled - Ai
Zoka to prepare th
so
ra, iw
tailed statement Po
ta. It has bee* .
wt
discloses a de-
th
that being the GI
ion Journal Lod Ti
if the Jl agrand
:my was accepted
en agreed upon, th
amount a mort- Pi
1
.ondon Journal,
power of sale is 16
ercised, and the ph
y. The account ig
loss accouat of po
he Ovule, sod tla
pared from the ig/
and, subject to Ire
is my approval Da
air
coved value of Ph
duty, 21,000/.
o this paper eon'
eti
r would be about qu,
chose (the ordi cat
-
mount t 021,00/. Pri
art of the beak.
is written off is sth
ficieucy account. she
lid& This item ros
evidence, and is bo,
SDI
r Tama, 6,44. the
wkly statemeote , ate
he bankrupt by to
onned the basis.
as expenses not
00, 4.sths, fed
thereby ted•c*
tiou; fer°,9l:iteth.
sep.ll.l Pr

tember, 1861, in consequeoce of the reduction in price from
2d. told., such reduction in price following the repeal of the
paper duty.
!TIM No. s.—Profit on trading, London Journal and
Reid, 19,2641. 4s. 9d. This amount is reduced by sundry
marmite and expenses as detailed at folios 1 and 2, not
included in the general trading account, amounting to
7.a1/. ss. 10d., thereby reducing the nett profit from 16th
July, 1859, to March 20, 1862, t 012,201/. 18.. Ild.
"Prins 6 and 7 do not require any special remarks.
" Inn No. S.—Surplus 16th Ju1y,1859, 22,6641.18 e. 10d.
In this amount the following items are included, and are the
banknipt's estimated value,viz., value of 4.sths of the copy-
right of Weekly Times, 16,0001. ; value of lease of premises
at Brixton, 6,000/.
_ _

" It may be remarked, in reference to the value the bank-
rupt put upon the Weekly Tina in July, 1859, that the
result of the refit and lees account from the Ist July,
10), to 20th March, 1862, shows a net profit of 4,9004
2s. led., being at the rate of about 1,8001. a year. If this
paper be valued upon the principle the bankrupt has adopted
in valuing the estimated extra profit on the London Jour-
nal, viz., three years' purchase, 5,4001. would be the amount
of such value, instead of 16,6C01.
" The bankrupt puts the present value of the Weekly
Times at 7,600/. ; but looking at the fact that since Septem-
ber, 1861, it has been carried on at a lose of about 1.
it is difficult to understand how the copyright can be of
any value.
" The value of 6,0631. placed upon the lease at Brixton
in July, 1850, is excessive; the valuer of the assignees stating
the value as not more than 2,5001.
"'THE MORNING CHRONICLE.'-It will be seen from the
summary statement at page 144 of these accounts, that the
publication of this paper has been attended with very heart
loss. The returns have been 18,20 Y. 17s. 4d. for 12 mouths,
and show upon the making up of the account a lose of
11,119/. 9s. 5d., which, in consequence of &portion being
borne by Mr. Stiff's partner in the paper, is reduced to
9,6821. 18i.

" I also feel compelled to specially drew the attention of
the court to the item of personal espeoditere, the amount
for two years and 8 months being 9,4571. 10e. 10d., in adih-
tion to which there is a sum of 792/. 6e. X, carried to sus-
pense account, the appropriation of which I do not trace to
my own satisfaction.
." The beaks of the bankrupt are in a very confused state.
Ido not fled any general cash-book, having had to rate
a cash-book for the whole period of two years and eight
months, in consequence of whicL in compiling these accounts
my labours have been considerably augmented.
" In concluding my report I am bound to observe that in
the later period of my work the bankrupt has rendered ell
the assistance required of him. _

•• JOBllll HART,
)orgatestrest, London."

THE POLICE COURTS.
(THIS DAY.)

GUILDHALL.
ssltiOtla CHARGE or FORGERY.

Edmard Brannen*, described as • bankrupt, lately ear-
ning on business at 27, Walbrook, as • dealer in sewing
machines, was brought up on remand before Alderman Hale,
charged with feloniously forginl and uttering • bill of ex.
change for 181. odd, with intent to defraud Mears. Pitt
Prather; sewing machine manufacturers, of Cleckhe•ton, in
Yorkshire.

Mr. Benham conducted the prosecution, sod Mr. Holt the
defence.

leading features of this case have sleekly appeared
and may be briefly stated as follows. In the early part of
the present year the prisoner was indebted to the prosecutors'
firm in the sum of 501., and in Aloe last he applied for an
extension of his credit, which was acceded to upon his
offering two bills for 16/. 10a. and 181.155. tid. Neither
of these bills had been paid ou arriving at matu-
rity, and it was ultimately discovered, that there
was no such firm u "W. Peters and C 0.," the acceptors of
the In/. bill, known at the a Mous given, which was No. 25,
George-street, Commercial-road East. Evidence watt given
in support of those facts, and to the effect that there was
no such number as 23 in the street named, and that the
prhener bad admitted that " Peters and Cu." were purely
aresgusnry individuals.

31r. Benham called another witness to complete some of
the minor details of the case.

Mr. Holt asked if it would alter the magistrate's opinion
of thecae° if he called witnesses to prove that there was a
person of the name of Peters actually in a:jetsam, and that
he imposed upon the prisoner by giving him the bill i%
question.

Alderman Hale mid not without Peters was forthcoming.
Mr. Holt irdd as he could not find Peters be would not
trouble the court with evidence.

Alderman Hide then committed the prisoner, who said he
bad bean swindled, to Newgate for trial.

MARLBOROUGH-STREET.
THE SECRETARY OP A TRADE SOCIETY CHARGED KITH

EMBEZZLEMENT.
William' Pike, of 15, Lolsover.rtreet, painter, was charged
before Mr. Tyrwbitt on a warrant signed by Mr. Detomer,
one of the magistrates of Kent, in which counts he was
takeu into custody, for that being the cemetery of the Amal-
gamated Association of London Onerstive HousepAinters
he did embezzle several sums of money received on account
of the association.

Mr. Faded, of 10, Gray's-inu-square, attended for the
prmecution, and said that he bad to charge the prisoner,
formerly the secretary of the Amalgamated Association of
London Operative House Painters, with receiving several
amounts—in all about 161. or 17/.—on account of the
society, and not duly accounting for the same, as was his
duty. He should only call one witness to-day, a member
d the society, and then ask for a remand.
In answer to Mr. Tyrwhitt, the solicitor stated that the
society was a friendly society, but not enrolled.
Robert Shaw, of 18. Huusworth-terrace, Portman-market,
now the secretary of the society, said that the society
was not an enrolled one, and that Mr. Thomas Adams
and others were the trusteca. He was the prment se-
cretary, and succeeded the prisoner, the lot mar secretary.
It was the duty of the prisoner to receive and pa,
mono. ou behalf of the socuety. He recollected the prl-
sopa being sent to Br :glitori to pay the sum of 101.
to a branch society there. On the 29th of Apiil
prisoner was present at a meeting of the society,
and be (witness) charged him, in the presence of
the other members, with having received monies from the
members of the society, and not accounting for the same,
particularly referring to the sum of 31. 12s. ld. He asked
the prisoner whether he had really received that sum, and
whether he had appropriated it to his own use, and he ad-
mitted that he had. He also said that the sum of 81. ss. Id.,
which he had represented as having in hand, he had not
tut, but had spent at for his own u• 0, being much pressed.
Is answer to Mr. Tyrwbitt, the witness said the sum of
2.1..15. Id. was made cap of small sums.
Primate said he had never been duly elected, and be wo-
ndered he was not bound by the rules of the society, as it
was not an enrolled society.
Mr. T)rrwhitt said sufficient evidence had been given for
a remand, arid remanded the prisoner for a week.

GARIBALDI AND THE ITALIAN GOVINNNIENT.-
The following letter, just received from Garibaldi by Mr.
W. J. Etches, of Derby, is published in the Birmingham
Body Post : " Jeffrey Etches, president of
the meeting at Derby .—I owe you many thanks, excel-
lent friend. not only for having defended before the public
conscience in Derby the just aspirationsof the Italian people
to brim; about the union of their country, but also for hay-
img taken the question (diplomatically entangled and em-
bre fled) of the temporal power of the Pope from its very
begiooiog ; that is to say from the day on which the Roman
Coostituent Assembly, elected by universal suffrage, voted
113 against 5 voices the perpetual downfall of that
monstrous government. This legal vote cannot be cancelled
either by the bayonets of Bonaparte or by those of Spain or
Austria. The right of Italy is still intact and might be
put iii practice without so much diplomatic trickeries by
asking the Roman people again to declare their wishes by
a direct vote. Until the revocation of the act, lam the
legal guardian of this populace ;
then on me was conferred, ma
the 30th of June, 1849, by ote of the Constituent
Assembly and by the triumvirate, the executive power of
that time. And when they wounded me and took me pH.
loner (I who was not fighting) at Aapromonte, I was march-
ing towards the Eternal City, provided with those legal
Fewer@ which my nation bad conferred upon me, to deliver
it from the most wicked, loathsome government in the
world. that every day blasphemes God whilst making a mer-
rhardise of Him. Thanking you again, noble friend,
beg you to believe me always with lection yours,
bir.ErrE GAIIIBALDL"
TuE WILL-0-Tar.-Wisp.—(To the Editor of the
tr.r.s.)—Sir.-1 observe with surprise, in a letter from
Sr. A. C. Wellesley in your paper of to-day, that
the fact of flames issuing from the earth near
Pietranala, in Italy, has been called in question.
I visited the spot in broad day in the autumn of
saw the flames issuing from the ground (in a common
Paghed field), over • space of no great extent, and
ulhial sticks. Ike., from them, so that there could be no
Pander doubt of their nature. It was a thin, smouldering
*me, such as, I suppose, might be due to the spontaneous
imition of inflammable gases rising up in no great volume
from the lower strata, if that be chemically possible. Ido
sot remember any very strong or peculiar smell.-1 am,
tit, your obedient servant, ROUNDELL PALMY:I,6, Portland-
Piece, Nov. 3.
Atilt to
THE STEAMER ALABAMA. —Th is vessel appears
keep about the hanks of Newfoundland, and cease-
-3,11t1Y out of reecho( the Federal men.of-war who recently
rune to European water. in search of the Confederate
privateer The ship Travancore, which arrived at Liverpool
Yesterday from St. John's, New Brunswick, reports that
when off the banks of Newfoundland, about 300 =limit E.,
she saw the Confederate steamer Alabama. The steamer
male for the Travancore, and fired a ran across the ship's
I. The Travancore immediately hoisted the English
go, and the steamer seeing her mistake at once showed
the Coufeelerate colour., dipped them three times, and then
u'eral away. There was a rumour in Liverpool yesterday
the effect that in order to Atop the
career of the Alabama
the swift Federal steamer Vanderbilt had privately left
New York for the ea 'Using ground of the famous Goa-
ierate.
Ai-cording to the last advice' from the Cape of
(_.‘a!,l /lope four of the new French Indo-Chinese mail
toiets arrived eat there after a tbirty.three days' voyage on
'ell "7 to India and China.