The Express.
London, England, 1851-01-02 00:00:00

!Law Riltelit.lentre
COURT OF BANKRUYTOY.—TaerraDST.
goat Ili. Connanosse rnmiLment.
Ix aG Tarr.—Uteasraot:s Susan r.racia.astore.
Ills was tee e meeting iu rte etas es. J. 8. Tripp,
share snake, of Lomberd.s.rest The brakrupts debts wen •
65.1.401, !scarred prlasipally daring the railway panic in
Tai, aid 1846. There wore no stmts. The mounts were
fol!y la the Ezress et the time of the last
eassainaties. There was ao oppositi•io.
Mr. Lawmen, is support of the 4..okrupe, submitted that n
hie lessee were wholly unavoidable, arising out of the ens-
menial ravines of the period. Oa his geueral
dart from share trans vicar, then bad bees a considerable
pude. As whore dealer, he had become a holder of shares
110 a large cateta, and had lost by their depreciation. In
Gas ease he had sued the parties lets whom t e held, but
nesseemeltilly. At cue time, in 1:44, he wee worth m
er.ete es 11,0'.01. Tie books bad bean oartinlarly well
k:pt. Since the panic be bad tenl4 on hie badness at the
la ammo of the neuters Op
Mr. Lit itliter, hae the magas., 9.i loffered no op-
p• %Welkin csanlienee with the wale if
several of the credi-
tors. it thought it sot unlikely that some small amen
it'zltt be realised.
Hie Miaow odd skis wee a cam in which he found debts
to the watt of 60.000 L, sad ou the other side smoothie,
start of 71. to pay them. Via resets eleeisted ot 21. la prood
bta, sad 41. 17s. doubt/oh Thos., figures inn $ I striking
that they meet earnest the it gairy whether 'web en *mor-
aines aciatimolati.o of debt maid hare been awed Iv as-
in9.ldable adefortosie. It wee said the party had 11 0602. to
bean with ; but he must have carried on a molt in.HoTARRE
17440 is bay., Leen at my period liar le to 60,0001. of debt, •
with only 11,0'01. to pay it He was the more 'secularly
La,.rov.Osat from swag engaged is a trade which was of
anemity subject to gnat neamitudes. It seemed the year
1/48 was to se Me scapegoat of all the people who
ball their born by an czerseive loss of wen.
lat;as ; hat that ass not the first baron which
gam who resell d in j•inVeteck companies bed
tunnel. Bnee were cold ecoseti to remember 1826
ltd 1826. There were lessens, enough then to show
tb. t man speculiti its were exceedingly precarious ;
air it would not be d elcult to 6:.0w that, onion in es
ac, war a rotation so that in whith certain diseases came
maid, was th.re a rotation of eseeseive speculation, always'
e •:ndpi by a panic. This B. &Alcamo mast ban known
It'd lea was goisg beyond the means of his capital Cr. 1 his
fair precra•a of payment whoa lit incurred 60,0001. of
dells, be, therefore, could not possibly award him a ne-
tt .ate higher than of the etc itd class. Some miefortans
• 411% Um sic d is his transactions, bat the 'rioter por-
G 9.1 of suck an enormous debt must have bees ionimd by
me, eslpable onligesee r over-eye station. He rave the
beneropt credit See keeping Ms books well; bad be not
sic i.e leo, Item would have been a musiderable enspeosion.
It wee peahen, snuggery that broken should keep coed
heti% es they were not may wiry for thoeuelver, hot
ath.n; and teen at all times to be able to verily their
ammeters. ll' bad hem told that steekbrokire prided
themesime ea keeping hooka that were sot ;
it they came to that corn, and did not speak ea Intel.
lieshlelaa.sage, they would be considered as &nog sawn,
that writ, cot satisfactory.
as L4LRIERIII.—Tae Deers or ens ex Ktxo or
Till FRENCH

Stephen C. Lsittllllll. described as • commission nett, of
fit. Mildred'wmart, coped for his certificate The can en
sited mon isterast, from the fact of the bankrupt hr.vieso
been enpored in baseless with G. novel de Itemises', as
aric“le e of the lets Kieg t the French. As will be
ernembend, it was stated by the bop tempt on his list lea
stints, ttat the firm land been created leas for erramercial
th low p imposer, the cr. at object being to boy up
the debts ef Lisa Pailippe at • diaconal of some 40 per
coot., and In this mesas re establish his credit, and perhaps
La: popolaril in France.
Linkl.t.a, who reprreentetl the assignees, asked that
U , eansidnat....a of the certificate might be edj d three
or tour months, owing to the peculiar r eters of the awe's—
ti.' Asia WI the senators of the ex-King. In that time
pr., ably Henan, h m'.ght coma torwatil, or some
csos parties a.: h.gh.enatitsg tamer, who might elucidate
If I /MAI, el umedinary case. The •111-4•1 ghee wee in
a. coated .••. with the Pinsk suihorhsw as to the C.Alle of
tl.e beetle upt en the French governmeet; and at was
c.c.mary that the e minims should retain their ameba*, over
Lisa Ila there:, re asked, oat that tho certitiate should be
'wander!, hat %Let its consideration should be adjoureed.
Mr. Lewranse, for the bankrar, opposed any a•joure.-
'curt. whisk he matended would be tantamount to •
movenNes. The bankrupt was ar.siose again to ensue in
1 Jfi."llle, end lied elide with the amnia frankness wits life
u. 411.610. Lad not put the claim so Use family of the
es Kin as as asset, bet merely as a doubtful deb'; cot
d sinful arta the/ it was due, but doubtful m to the mesas
el :-ese.ting it. The bsakropt's etarratent had oily hem
sevrediated by • st moment of General itaisafgay,treasmieted
Iron the other aide the water, sad which lacked confirmatioa
ar.: was in improbable. Ind-pendeatly of Obit claim,
there was • sum due from the French rioveransent tor worts
ex. mted, en ft:enlace to wltizb every dermusent had beta
• siva to the official 'Mene is no first insegice.
The usterand mediums only amounted to 2.414/. . •
scat the claim on the Fit.n.h government was 2.2001
11 1 li.o 911 d. Rumigni paid in km share of tr.e cartel,
1,03%, the cants would have hen perfectly solvent. It wee
all. se pntend that the creditors could derive any benefit
Loin the prieposement of this meeting. Mr. Lskentan had
sites all the information is his power; the party who was
wanted was General de Rernigny, and he set the coast
at drama, sad would not come.
The Cestachsioser—ls the beetroot prepared, as • condi.
lice el his et vibrate, to undertake that he will not go out of
the jarisdietims or the court?
Mr. Ls". tance said be most sedoubteelly was; to Mt
morally bound to reader all eh.• r etistance in hi. power to hie
ue.!hore. Ills two farmer bankruptcies, to which 1111■4111
hr., .wea made, had been impended ; sod ender one he had
eolustarily paid 2(1,. in the pound to ell the creditors. There
1/11., motbirm on the face or the bilatee sheet to call for on,
rrlble of the certificate for a r:- file hour. Every transaction
of the firm was duly entered in his basks; the prate were
Inn, sad the expenditure sta:11; Red altogether it was the
can of • most meritorious ba..krup..
Ilia Honour thought that no case was made out for an
ad, unmet,.
Mr. Lieklater said he was not instructed to cf.r r any op-
position to the certificate, but wit serious to have obtained
Weber inkrenatioa. He would, however, call attesti in to
tat, Mauna of the case, as disci:fed by the balance sheet.
Teo property hell by the creditors, as security, put down at
9201, was valueless. The ILblitiee embraeed a debt of
;21'. which was in reality a deb., sad not a liability merely,
thi Annuity his debts to about 3,4001. 'las only avail.
phi, asset to meet this was 22/ in good debts; he did not
know whether they had been c.illectid. As to the claim cf
4.600 i. as the executors of the ex. King, it was, to say the
least, doubtful. The alleged property, to the extent of
2.0001, s misted of • share in • patent sewage machine,
whisk had realised nothing to the assignees, he abou'd be
very glad if it tented out of any vase. The property
hell as security emulated of shares in some defunct
Frew* as company, and some shares in the sewage
pent. The profits were sertlied to 7,7001, by in.
dawns the sopposrd value of this patent, and the dis-
puted claim en the ex•Kinp. General de Rumiguy
all, old that he had been defrauded into entering into this
pattnerstip, en the supposition that the laws of partumhip
were the mane here min France, sod that he should not be
list iv beyond the 1,0001. Yielding that it was °thereat, he
hrl refused to matte that advisee. As to Liketnar.'s private
erste, there were no assets, and there was very hit:e hope
of the claim on the French government producing auttbirg,
at e fence bed been Inds which appeared to bar the claim.
II s private debts were near 4,000!, sad bo had literally no
as.,:e. The claim oa the executors of the ea-King was denied
in t .to by Gatorade Rumigety.
Toe Commissioser-1 can hear nothing of his denial
ten' -1 I see him ten to fact
Mr. Lindens mid that was not improbable. It did teem
very intik- ly that General de Ruisigny should have taken
the steps he bad dose la this matte, without any autbari y
from his royal 'waster ; but perhaps tome light might to.
throws en the ease by the course suggested by Nee official
mosses, of nunisiog some ea the parties who had bon
sloped to with a Title of nezotiating this loan.
Mr. Lawrence contended the: there was totting is the
ta,ewas skeet to justify the suspension °Vibe certificate.
When Ito sneered law the partneeship he had a csertal of
4.(00., for ha bad every reason to believe his clot. on the
Preach government was well.founded. 1. had been said
that the ex-li tug of the Frenoh had disavowed any connexion
vita this tranisactma so for back as April 30.
His Hamar said ha should pat the loan traesartion
entaely oat of corsideratba ; the bankrupt bad only put it
i:. his sosouste in the form of a promise. The consignment,
tornrd a mite important consideration.
Mr. Lawrence referred to the terms of the deed of part-
artehip, which required Hunsigny to pay in 1.000!., end
pr. vide! that Lakentan should be the acting pertner—
V.,tenclieg that the bankrupt was notified under such
oinemstasees sit commeoci,g s e.ientesioa braise's. which
C.: net require • lugs 'moult of captal. Had Humpy
psi t la he I,ooof. there would have been 11,. ia the
pound lee the creditors at once. But tor his express pro.
min to do so Lanolin would never have started is
lb: basins. which had hers legitimately isetabtshed mid
iagstimatsll tarried on Every invoice had bin pertmend, and
see ry traassetioa was carefully entered lathe books, Hearn'
Romney had repudiated this firm when it suited his pu-
pas to de so, probably when his muter saw there was no
Ica /re say prospect of its befog made available to bitter up
tht• fallen tontines of has family. The general Ind then
quitted this country, and bad kept away basalt, it suited
lam to do A sum ot Ste had hen received for the right
to work tb, hankrapte sewage mashies is America, sad
upwards of IC)!. had been remind for machines Is this
country—a proof that the patent was valoaMe. His personal
eapeaditere had bin very reasonable ; and Otte chant or
case French severr.ment was auhrtantisted the creditors
would get 20.. in the pmr.d. If General Amiga, would
1,. 31 over the 1,003. he undertook to pay, then might be
roc anmediale dividend. la the absent of esy epo-sition,
ha Loped the healumpt would receive as imardiate emi&
mat of the fir 4 alarm
His Hoene said i.e thculd certainly look at this ease
miinly as the fimes appeared oaths belmeestteert,
ens hem his mind as much as possible all the collaterel cir-
cumventors with which it had been escumbered. In respect
to the separate flakier-51mM Le was @MIMI bias else..
H:s creditor, only amcsneed to 1141. ; his personal expen-
diture for two yeas amounted only to the mteeersta ens
of 4081. Gr., and in that respect he steed hifinitely
better than most beekeeper. Had the woman balsam
sheet Mood alone, he would base had an immediate mitt-
este. But the joint balsam sheet eras rot so "wily dis-
posed of. It append that, Isaias • slob teener and
nihilist, employed ow some impeitont works in Preece,
he stepped oat of that dissastsi ; ewe by • died of pan-