The Express.
London, England, 1854-01-14 00:00:00

Wright. the evening crediter, it:tw thv cosi-
gn no alba bankru.
How.l- said the b.inkeu;,tce Cl,t .3* qtall a
laurels proceeding. It wu surprisng that slr. Wrigt.t
should have treated the bankrupt withwat some pre
axons inquiry. He had compounded with his creditors,
sad had Wes iseelvtat before, and was, at the time of
taking the preeitts. 4001. worn. than nothing. Ile Lid not
mom a farthing tit his creditors, nail only cams to the court
for the sae of getting a certificate of conformity, as it wu
called, though all he had conformed to was the CII1:001 of
trying to cheat other. The certificate must be suspended
tor IS months. wh, n Resisted to be of the 3rd eau
protection to be withheld for three mmths, the bankrupt
laving been alrewly three weeks in prison. The court
thought it necessary to put a cheek to this inenasieg clam
of cases.

IN El I.IIIIII%—CAST Or A WZST-lIND
This was the adjourned last exaMnation meeting in the
coo of Samuel Lune Pratt, upholsterer, of New Bond-
street. The bankruptcy occurred sixteen moats ago, and
tLe case had been :.djourried from t me to time, as the
bankrupt WAS engaged in carrying on the business under
- the dare ctisn of the assignees. The accounts, which are
very voluminous, have been prepared by Messrs. Hutting
and Pullet°, sal the largeness of the items disclose, the en-
trot of the bankrupt's dei.lings. A concise and lucid sum-
mary of the caw is supplied by the report of Mr. Pennell,
the official soignee, which is in the following terms:
"The adjudication in this cue is dated September 8,
1852, the bankrupt hating previously petitioned the court
under the arrangement clause*. The balance sheet cons
mcnees on the 27th of February, 182, comprising
only • period of little more than sin months,
Wort founded on the statement {originally ;intended to be
intimated to the court under the-petition for orneriness.
The bankrupt, from that period to tte present time, has
teen coLductiug the business with the consent of his cre-
ditors, and under the sanction of the court, sod with very
considerable memo, inasmuch se a large amount of
liabili-
ties ham been cleared off, while the mots remain 'cry much
at their original figure. Tha belanws-abett shows the fol-
lowing results:-I'o creditors unsecured, 8,4541. Gs. lid. ;
ditto holding security, 10,7551. Cs. Sel.; rent and taxes
owing. 6.01. 'b. lid.: amount due on contract with Mr.
Peel, 5,0001. ; liabilities, spinet which an assignment of
certain property has been made, 3,7621. ; $ on bile
of exchange, 1.2231. 10s. 101.; total debts and liabilities,
29.8901. 13a. Id.; surplus in Mr. Pratt's favour on 27th
February, 1832, 1,2871.195.; profit on the trading account,
1,9231. 91. 9d.; tate' to account for, 33,1021. Is. 10d.
This account is tons disposed of:—By property, consisting
of stock and furniture, 8,5001.; debts due to the estate,
2,0141. la. ; sash given up, 301.; partly manufactured stock,
1,2501.; property held by creditors, 14,6001. 9s. 2d• ; total
mote, 26,3911. 10,.21. Liabilities, as per contra, 4,9751.
16s. 10d.; trade charges, interest, law expenses, end per-
sonal ezpenditare, 1,7311. 14s. 10d. ; total, 33,1g2:. Is. 10d.
The total debts and liabilities now outstanding amount to
18.8991. 195.; the meets (consisting of stock, bock debts,
and house property, 20961. 16e. less amount of debts
contracted since the bankruptcy, 2,0011. Os. 5d.) amount to
22,2951. IGs. 3.1. From this it will be observed that the
debts and liabilitiee are reduced by the sum of 11,0901.
Id.; while the redaction in the assets only
amounts to 4,098/. 13s. 11d. ; thus showing that the es-
signer were justified is their opinion that the estate would
be considerably benefited if the baukrept were allowed to
conduct the business under their superintendence. The
ace:tants now rendered by the bankrupt are to • great ex-
tent corroborated. His books are very defective, and re-
quired a c losiderable degree of labour to put them into as
intelligible form; but the subsequent working of his estate
goes very far to corroborate the substantial accuracy of hie
estimates; and, taking all the circumstances of this ease
into consideration, 1 think the balancc-sheet filed is the
best the bankrupt is in a position to render to the court."
Mr. Haynes, for the assignees, offered no opposition to
the bankrupt's missing.
Mr. Liaklat r, for the bankrupt, said it hadlboes ',-
ranged on all hands that he should pass, with the wadies
of the court.
The Commissioner-1 understood that the bankrupt ex-
pected to be able to supersede ?
Mr. Linklater said it had been found he could not do so
without remaining su to certain liabilities, which be
could ant arrange. whirefore wished to here the
certificate of the cour hs bad no deubt would be

granted.
The Commissiotter.—He appean to have carried on the
business sine* the bankruptcy very advantageously for the
creditors. That is the best meet that the assignees have
taken a very wise sad judidess tonne. They have saved
the estate servants of 7,0001.
Mr. Pennell.—Mr. Howard, the trade assignee, has been
veu consume is his attendance on the premises.
The Oemmiesiener.—Therefore we have nothing te debut
from I eannothelp saying that the trade
ea men he pales they have taken in eany-
ism an the baalans, ea from their having suggested a wane
o hemegadal to the meditate at large, are certainly en-
titled Is the thanks of those creditors, and have well W-
alled their duty.
Mr. Hayme—The efleial assignee is entitled to a very
large share of that; for without him, we should have been
able to de nothing
The Commissioner—l am so ateastomed to hear that in
cases in which Mr. Pennell is engaged, that I can readily I
concur in what you state.
Mr. Pain, solicitor, tendered a proof far upwards of
1,0001, en behalf of himself and late partner; but it Wine
objected to by Mr. Haynes, his Honour directed it to stand
over far inquiry.

WOlll ■L

IN /1.3 JOYNSON.—CAtiI Or MI I:NDZItWItITER AT LLOYD'S.
This was the certificate meeting in the cue of 'I. John-
son, merchant, of Broad-street-buildings. The accounts,
prepared by Mr.Tusquand,
extended over three years prior
to the failure in Angus t last, and preseated the following
items in the Wear-sheet :—To creditors, 3631.; ditto, en
underwriting amounts, 4281.; ditto secured, 1,9331. ; to
Johnsen, Peel, sad Co., amount drawn out of the he.,
5.7361. ; balance of premiums and return of underwriting
accounts, 3,0071. By good debtors, 281. ; ditto on under-
writing accounts, 2,8511. ; property held by creditors, 707/. ;
losses, 1,1671.; house expenses, 1,3391. ; personal ditto,
1.8461.; deficiency at the contmenci mint of the account,
3,9601.
Ile.Whltnaere, the racial soignee, reported as follows
on the ere:
" hamkrupt wee a merchant, of liroud street-build-
iugs. mid he was also on underwriter at Lloyd's. Ile has
bees Islssisese ems reek during the three lust of which
he ire is peetaerdsipsiiih IL B. W. Peel and W. A. Peel,
ustlealdie int of lama% Peel, and Co. The firm stopped
Dstr•Ytilet the 14th Suss lot, its liabilities being 7,0001.,
&est 6004 leaving a deficiency of 6,6001., of
whisk SAKI* doe hem the bankroll!. to his partnership.
His beduletey is doted the 30th of August last. His be-
bese.theet eemmeseee es the Nth of June, 1830, with a
defielesey of 3,9001. He sow OWN to unsecured creditors,
7911.; but this amount wall be mush increased by subse-
quent loser ou policies ssierwritten by him. He also
owes to creditors 0111111fitill. 1,9331., such securities,
which are valued at being steritid with the credi-
tors is 1860. 1861, end , 1863. The most retest
deposit is an assignment of hie household furniture, given
in February last to his three IisIOTO, to secure a loan of 4901.
made by two of them at the time, and a debt of 16.11. due to
the other sister for cash tent by her in 1846. His assets
consist of a good debt of 281. and of 2,6341, the balance ap-
pearing by the ledger ou the 14th June last to be due upon
underwriting accounts. Application has been made for
these debts, bet nearly the whole of them have been dis-
puted or sought to be set off by centre claims for losses, dc.,
and up to the present time only 1471. has been received.
The bankrupt debits himself with 3,001/, as the .balance
standing to the credit of his underwriting account; but
when the losses on the policies underwritten by his. are
ascertaind, the greater put of this amount will be written
off. Hueother loses have been 1,1871. Hie personal ex-
poser have been 3,1841., or at the rate of about 1,0001. a
year. The bankrupt kept ledger, journal, dec., with great
"ViraritY." .Cotterill said the assigner did not oppose the bank-
rapt haring • certificate but they wished the attention of
the court to be drawn to the fact, that the balance-sheet
commeseed with a deficiency of near 4,0001., and that the
pommel expenditure was extremely :erre.
The Cemenissioeer—What is the distinction he draws
between lease urines and personal expenses ? He puts
the former does at 1,3391., and the latter at 1,8461.
The bankrupt, who appeared to be Tety isflrm, was
assisted into the hot, and stated that the former item re-
sisted of expenses solely in his house; the latter comprised
what he had expended beyond.
The Cessmiesomer.—ln fact, t?..en, the latter are compara-
tive luxuries.
Mr. Cotterill aid the trade assignees, who wen the
brokers at Lloyd's, were desirous to draw the attention of
the court to *species of credit which the bankrupt had
ginned by fah* represeutatioss. He had been introdused
to Lloyd's three years ago by two persons of respectability,
who made curtails represestatioas as to hi. mews and other-
wise. On those representations he had obtalsed extessive
credit, and bound large debta, and the amigeses thought
that some expression of opinion from the wart would have
the effect of preventing a recurrence of this premise.
The Commiesioser—But if the resommembsga
person to Lloyd's do not make sit rukts inquiry se to his
means before dam eis, the mares does not seem hebeeptite
a proper can. One would sy that the tree meads, of
the rule at Lloyd's, whisk says that no penes shell be
admitted without the ettesabon of two perms. is that
the pence so *Maim abosld have taken NOY pis to
ascertain that the person is a person of substutiefflp, end
not merely of respectability. lf, instead of takes some
pains to ascertain that far, they sorely take the 1111116110111.
tuition of the party himself, the blare will his spa them;
but if, on the other hand, he, is elder to heffs 1111 them Si
introduce hiss, made representatives ft them wbielt
really false, that may be material, Otherwise, Ido sot see
how this raft eas fustian
Kr. Corwin seid it eouldesercely have bees otherwise
Or the belesser heft dewed that hs was then in a din/Atop
1111
CLOSlMilliTlkees two gentlemen at Lispire
WreSr isteit not have given themselves the trouble 10
etS isformatios.
Yr.the trade assigsee_ sad sera of the breiesed
Used's, the beshespe hod bees nsommaioiaa e
reposeestelies that be wee wi mamma by weft
...am. Saab he bed set such mom al lab own.
'-ras Oossloilleor—All that lbot moms to to, that yea :
Inn led ow so by the sopoosatations of WM
patiksheellOt it aosoNLIWI rattails
S. Al* by la
IsamiaSalati itspooom to whtohl= salp".
rust oupooloalolkom Tbollabste int ostolaly
awn a ititiosay of OM bat hat lust a posf that
its WEANS Mow of So at lb. ties.