The Express.
London, England, 1865-03-17 00:00:00

[Stamped, Id. AddtdonaLl

THE FAILURE OF ATTWOODS, ,FROONER,
AND 00%. DAM

MUTING OF THE CREDITORS.
BIRMINGHAM, Tinned= Erode°.
A meeting of the creditors of this bank was held
le the Either" Armathlyeern this afternoon. The room
was not large rough for the purpose, bat ea the Tows-ball
was engaged for rather porpoie it could sot be bad, sad
many creditor. had to go away unable to obtain admirer
A few minutes after or o'clock the Mayor (Mr. Hoary
Wiggle ) entered the room, acoompaaisd by Mr. J. W.
Whateley and Mr. W. 11. Allen, the solicitors to Mr. Mar-
shall, the bankrupt. There were also present reward of the
mergers end directors of the other basking compeake.
Mr. 0. F. Kemp (Kemp, Carr, Ford, and Co., Gresham-
street, arcountaeta) represented moms, of the Loathe
auditors.
It was moved that the Mayor take the chair, and this
suggestion was unanimously adopted.
Mr. J. W. WHAMS! (1/ solicitorb Attwoods and Co.)
said it bad fallen to his lot to make a statement, barn
Mr. 11a/shall, the only 'arriving panne of the firm of
Wawa. Arwood., Spooner, Kendal sad Co,. was rainy
SO rates down by the misfortune which bed fallen upon
hint that tt re totally impossible be could appear before
them rat day. He (Kr. Windily) war commended by
hies la the strongest terms to express the great empathy
sad distress he felt at the ears* that had falls& upon
three and ha could amuse them that nobody deplored the
admit, more deeply than Mr. Marshall did. (Him)
The panning= of the two Mr. Mania* welt Sparer
mad Mtwara bora as the Ist Jewry, 1864, rd was
brought shoat is oesertumee of Yr. Richard Spooner rel.
lag it his duty vary strongly to remonstrate, aye, to=
upon Mr. George Arwood patting Rupp In •
state than they were. At Lin a very Kole lanatip-
ties of the amounts of Mr. Arwood was made, and thee
re found the position in which be war placed. He re-
coaled his father, Mr. Matthias Arwood, who died on the
24th November, 1818, sod who by his will left George
Attwood residuary legatee and devisee of all his estates,
whisk wen very oorsaiderableand very valuable. Mr. George
Arwood at that time was carrying ea, as most 12111101 r
tante were aware, several °Decorum of considerable err&
There was a colliery at Barba°, rolling mills in Birming-
ham, a tube manufactory In Birmingham, also tube weela
in France, at Rosen. Mr. Attwood bad for some time her
feeding these concerns with mosey from the honk, This it
we. determined should be stopped, bad, as ter as poi.
sibik that was done ; but it was found that Mr. Mainers
debt was very large, and as his health was breaking up,
Mr. Spooner determined he should make over the estate
he parr= in part liquidation of the debt he owed to the
beak. lie (Mr. Wrenn ) was sorry to ray it was only is
pan liquidation. At the latter *ad of 1863 it reread
that Mr. Attwood's debt amanted to so lees a awn than
450,0001. He could not pay that mosey, but au arrange.
mai mse timed epos that the beak should take his estates
upon valuation, and the amount should be applied is re-
define of the debt. The rotates were taken by the bask
at the sum of 167,0001., which sum was applied in rob=
tioa of the debt. Those estates were all now in the pea-
sears of the bask, and they would have to be sold, =lama,
se be sincerely hoped what the mayor bad anticipated, that
before they left that room they would come to the 0140/02010
resaletioa to wind up the estate by private arnegemeat.
so as not to permit it to go into the Bonnie's Court.
(Neer, hear.) It was the ter and only way of radians" it
properly. lie bad said that Mr. Arwood became rariduary
legates under his father's sill ; in that the father, Matthias
Attwood, made this declantioa : that he did not with any
of his partners to be losers by any mousy his sons might
have drawn from the bank in Loodoo, or by the bank in
Birmingham, and that George Attwood should pay three
refloat of his private estate. The emirequear of that
was that ansidenble sums were transferred from the
bank (by Mr. Gear Attwood) to the Loodonbank to payoff
those debts, which increased the amount now due from his
estate. What Keehn of Mr. Marble Attwood's property
was he woe Dot in • positioa to say, for he sever saw the
morn, oar did anybody else. After the liquidates to
which he had referred there contained a sum of 250,0001.
owing by Mr. George Attwood. That was is the month of
Marsh, 1854, to Attwoode and Spoons?. bask. The bank
took awe to get pommies of every acre of land belonging
to George Arwood, all his farming stack, is fast
he was stripped of everything in restitution es far se per
dble of the debt which be owed ; Lewis made to give up
all share in the profit. of the bank, sad was to be allowed
s=a year. 'This took piece early in 1854 ; but
Arwood lived only • week or has days after the
estates were vested la the bank. That befog the state of
affair', the two Mr. Marshall. were asked to joie the
bank, because of their losowledge, briers connection, sad
attachment to the norm to see if in a:injunction with Mr.
Spooner they could not make things right. Meows. Mar-
shall. took • very modest SUM OUS, 7501. • year wok and
Mr. Speer, LOOK ; all the surplus west to redeem the
debt. Mr. Arwood bad been to the habit for yeas, r ha
had said before, of drawing from the bank whatever awed
daisy he wasted, for the purpose of carry's( on the trades
before alluded to. That was or mode in which the debt
was created ; another mode by which it was itioreard wee
the paying off tradesmen who bad bra dealing with then
firma Bat the first thing the bank did was to alen
every one of thee cream, and to stop any
more money going oat of the bank for carrying them on.
From that time all that could be =Woad from the dif.
tenet estates and other sources were applied to the liqui-
date," of the debt. Mr. Lardy had prepared a statement
of the accorta which he would read. He (Mr. Wintery)
could only say his anxious duty bad been to do the beat for
the creditors, and in the negotiatioes which bad taken
place the conduct of the Joist Stook Beak had been lines-
°opt/orbit.
Mr. LAIJWDT, accountant, then read the following ap-
proximate statement of the affairs :

Customers deposits and Interesl £713,973 19 0
Customers current amounts £171,1191 0 0
Deduct bills held for than and not
advanced on 60.000 0 0
921,136 0 0
Notes In clmuktion
Clerks• Medea, do., to Ds paid la fall 1,050 0 0

L 909,47919 0

Ittpenese Incident to winding-op the estate —
MUM
Cash la head
Bates at Barelaja the Baak of
kagtand, sod dna boa covoitry
bookers Sheet 11 8

£76,SEB S7O

Mho( exchange In band 106,688 4 4 .
Lees bills held for customers not
advanced on, estimated lO,OOO 0 0
66,580 4 4
Current accounts considered good 13023 0 0
Current accounts considered doubtful, estimated
..
.. .