The Express.
London, England, 1851-11-03 00:00:00

LaW iintelitgellCeo
- -
COURT OF BANKRUPTCY-BATuItDAT.
Banns We. Oursoassewea Gretna,.
la at GoLoag.
This was the certificate meeting in the woe of W. It.
Golden, al:scribed se • miller of kolkeetone.
Mr. Penwell, the canal assignee, reported that the bank-
must owed to unsecured creditors, 2,trifd ; to those holding
security, 2,1111. (the recurVy being only valued at 1,230/.) ;
his new-, erioasted at between 2001. arid :4101., had only
tooli,d 1671.; hi. profits, donna • period of ten years, over
which his Iralaate sheet ezt,toled, had been :$.01.4f. ' • his
hsw,v (me:uding :MI. by a are), 2,5411. ; also through blot
sad doubtful J0)0,1,41111, The domestic e %prows, of which
above half were unvauched, had been 1,43:51. ; trade ex-
pear., 1,4911. The books had been badly kept, and there
Was no CV.:I book.
Mr. Flow. r, for the aatignees, offered no opposition, but
drew the attention of the court to the farts of the case.
From en rumination of the bankrupt, it appearol, that
be • the mailing trade, he had been engaged in a fishery,
for which be towel the nets, and of his lames was an
irsret of nets bast io the belt.
lii. Ilmour said th,t, ontraithstanding the favourable
view of the ease takes by the assignees, to which he always
paid gleat attention, there ware eircurn.tanc.s in it which
the court could not pass over. The bosh. had beau irregu-
larly lo pt, awl be had been living very much from hand to
mouth. As the failure was partly due to unavoidable loues
and misfortun.., be aught take a second clam certificate at
the end at three worths.

Is at Ifonumr.
This was the certificate meeting in the cue of J. T.
Ilidison, corn and cavil merchant, of Wellingborough, Nor-
thampticteshire.
Mr. Nichulsos, the official assignee, reported that the
bankrupt commenced li.s amounts on the Ist of March,
151 i, with a rapital of 1311. Ile now owe .to creditors
1,7311., and returned his suet' at 1107/.—eonsisting of 1171.
la g .ad debts, 1041. in euh, and :114.11. in stock and furni-
ture. his prolli• had been 1,99J1. • travelling expenses,
Si cl.; carriage of goods 1,P,P31. • 4ade expenses 7071. ;
, house-keeping, .1431.; knee:, 4.15/. The boOks had
been well k ipt ; thebankrupt's dealings had been very en-
kimive, his purchases having anvainted to 72,1.1001., and hi,
Ca.,: was favourably ilhtinguislied from the generality of
Shoo. cooing More the court by the fact of his having
paid Pail, in r 'oh into the hands of the official assignee.
Mr. Pisa., nor the avagnees, submitted that the bankrupt
arm not ju.tifled in carrying on en large a liminess with No
am ill a capital. In 1517, he was in partnership with his
father; they compounded with their creditors, paying 9..
in tin pound. Ile thin I,llllllllneed with a capital of about
13 and his dealings had been to the extent of 20,0001.
• sear. It was his practice to go round the country buy-
ing no corn, which be chiefly consigned to a person
at Ifirin,ughein. Ile had kept no stock-book, and did
not appear eve. to have taken stock. Shortly Ire-
ful his bankruptcy ho had called together bin creditors,
an 1 offered to give up 11;1. in cash ; hut at the hank-
ruie• y, a few el after, he had only His trailing
hail bs n to a umit extent speculative, and he had incurred
Lino I.xporws in carrying it on. A month before the
bo.:.ruptcy lie hail given cheques on a bank where he
had nn rli e•s, hi- account being overdrawn about 700/.
The bankrupt WAS inked to captain this. Ile slid he
bail drawn eight cheques between the sth and 29th of
Nardi, am tinting to upwards of :100/., all which were di,.
lumina:ed. Ile could have borrowed money to have met
the whole, but boiling, from the result of his stock-taking,
that be was considi eddy deficiciat, he thought it better to
let tii^ cheque. be refused. This was on the 27th of March.
One of the Chtfilit, was given to Mr. Hiker is lieu of one
form, rly given, e 1..-11 had been refused. After taking
OF:: he ceased to buy g 1,11114.
llis Honour said this was highly eomrniailahle conduct;
and it al..n showed how important it was for traders to take
atm regularly and keep a stock-book. 11.01 the, man done
so, In. would ,110111,/ have been aware of his position, and
wou:11 lime hi 111 his 11111.11.

;tP bankrupt further stated, that when he found himself
in stetitened circumstances he wrote to several panics of
wle.in he- had ordenal goods, revoking the orders. Th.
g... 01. in payment for which the cheques had been given
h.. I hillo purchased a ,worth before. It was his practice to
pay by heilues, ...traction-, in c.a. Ile had no credit at
his lamkers, bat regularly paid in the proc.aals of the goods
wild. Though his statement to his creditors was that he
b,ri 114/. in band. he afterwards found that that was a
nii•,..ke ; he only had sad had given up the whole to
the etticial swiignee.
Mr. Lawrence appeared in support of the bankrupt; but
It,, Ilunour. without bearing him, said he saw nothing
t ;vevent the bankript having an immediate certificate.
111. only mistake but hero in not taking stock regularly;
wh'n he did MO he (mind his position, and immediately
placed himself in the hauls of his creditors. It was to be
cc: girth d that he had given cheques when he bad no funds
a! the bank ; but there were many favourable tarCUltigallees
in the Inge. Ili. assets were coveoderable; he had given up
all his spare cash to the assignees, and die moment he had
Werell.tilleil his position, he wrote to countermand the orders
hail given. 'lbis was the part of an honest Olin; he re-
gi • tied to say that each a circumstance W.V. of rare occur-
rem, in that rood. But for the circumstance of the
she guys, and the Owner. of stuck-taking, his certificate
1,10.1.41 have been granted of the first class; as it was, be
would have an immediate eertiticite of the second this,
MO he would leave the coign without any substantial
WI his character.