The Express.
London, England, 1849-01-08 00:00:00

11.11xe Yr. Cataainioner Cloalbarn.

SHAN PLANS AND DIPICTIVI ACCOUNTS. Joseph
Led Hatt, builder, of Chelsea, applied for his eerufl
este, supported by Mr. Sturgeon, and opposed by Mr. Fraser
and Mr. Buffeter, on behalf of creditors. The principal
grounds of opposition were that the bankrupt had vexa-
tiously defended entails actions brought en bills on which
he was liable, had ease-sled a portion of his property, and
had gone as trading when in a hopeless state of insolvency.
His belancmsheot exceeded over three years, and showed
debts and liabilidao of 2 8171, of which 7loi. was secured;
probable assets, IM& His expenses bad been 1,3221.; loam,
8661. ; profits, SIM. le the course of his exassioation the
bankrupt stated that it was the usual preemies of builders to
gam mortgages, keen time to demo, on the buildings they
had in no Clommieelessr: In other words, to
obtain sD the money they ma boss every possible quarter,
and than some to this oeurt.—The bankrupt, in exploitation
of the bogs mammal et hie bases, odd ft wee the promise of
builders, en genunisdag badmen, to take Searleelei ena-
tracts, in the !spoof etrainiag ether peaStatie mem It emo.
piled that, la hieing lsolasso-ohest, be Mdlembted say men-
tion of a ',retain remosisnery laterest to which be was entitled,
bat had mentioned it to the Aida amigsso before passing
his last examinatios. Upon this, it wee contended by Mt.
Sturgeon for the bankrupt, that there was no such conceal-
ment as to bring the case within the peal section (the 38th)
of the set —His Hamar maestrred, bat said the caw was
one of a clams of almost every- day occurrence, in which a
debtor made over the whole of his property to one or two
creditors, to the exclusion of the rest. The debtor now lai
this power undeniably, and it was Sousa that he renerally
exercised it ; this was a state of things loudly desmadiag
legislative remedy. The power given by a late act to a
trader, of coming to the court as his own petition, had been
grimly abased, parties coming to this court solely for their
own protection; sad if this was allowed to gi on unchecked
by the legislature, there would be as end to all fair trading.
la titillate, the bankrupt was mot a mere adventurer, as he
had begun with a ospital of 6301, bat hi• soeculattoos had
been eminently ormemsessful ; and bad he kept book., he
must have seen, at the end of the first year, that ruin stared
his is the bra. Instead of coming to this cart while
he had say sorts, he had straggled cm, goats
to his sttarney, got him to defend motions, sad
raise mosey on mortgage, and had only made
\twill bankrupt when the bailiff was at his door, and he
could struggle en no longer. At Ant he had rendered en
agesont which was evidently false, in the statement of his
profits, besides concealing a portion of his property; this
befog detected, es the morning when he should have c tene
up, it was corrected, mad he had thus moped a very heavy
punishatest. It was to be feared no judgments of this court
would have the sliest of putting a stop to Wee practises; •
legislative enactment was the only remedy; and it was worth
the coosaideradon of the legislator* whether it might net be
desirable to reader the Ant execution as • mans property,
an set of bankruptcy. In this ems, whisk was a very bad
one, the certifiers must be suspended fee two years; and, in
the great of his b4ng put into primes, so order for his dis-
charge to be made till he had been Mx months in euttody.—
Oae of the boakrupt's workmen applied for an order for 61
of his ware is full ; bat the commissioner said there were
no
assets us hand, end he feared there would be nothing whett-
er.? for the creditors.

INSOLVENT DEBTORS' COURT.--SfernaDAT.
Bohn Yr. 001111MbliCANT Phiulpa.
In 1.1 J. SMITIL—BATTIMBIA PARL.—This petitioner, a
builder in partnership with his brother, was unopposed. In
answer to queetioas (run the court, the insolvent maid that in
the course of hie basin's', which was very extensive, he had
erected several cermets of houses in Battersea-fields, upon
which he had raised money by mortgage ; that no sooner
had be done so than he received information that the ground
would be required by the C.,ssatisslonen of Woods and Fo-
rests, for the purposes of the new park about 10 be formed
there, in eonsegaesce of which be was compelled to stop his
works; and to this he attributed his present position. He
hid, be said, Nat is a claim to government, which, Ude-
eided on. would, after mutest of the mortgage, leave a ba-
lance of 2,6ool—The ememissioner having appointed an
look after the property, discharged the insolvent
aforthwith.ato