The Express.
London, England, 1860-12-07 00:00:00

FAMOUS LI Tif ULaillii MDR.

(Continued from yisiatey's Expresa)

Mr. William Goodall Gibson. ,11111311. at Gadabout&
was Una examined by _ Mr. Kanassice. In Weber,
1555, he wu considerably in debt to Lauream sad
Mortimore. In 1856 the debt increased
20,0001. or 30,0001. They charged interest suartelas•
mission at a later date ; not at that time. Mr.
Laurance had pointed out to him the inconvenience
of has* " croesW paper in the tmulet, sad en-
tered into an arrangement to supply cash. H.
furnished money from time to time as it was wanted.
At the end of 1856 be was indebted to Laurence and Co.
50,0001., and to other creditors 34,0001. He consigned the
principal produce of his tan-yard to Mears. Streat/edd.
They remitted to him proceeds on that account. He bad
swistance from the house when he required it to meet his

Mi. Kanlake—As they were " good-natured," you fre-
quently applied to them?
Winer—Yea
Mr. Kaniake—That appears by the accounts.
Mr. Lawrance—lt is the first time I have hard good
nature made smatter of account. (Laughter.)
Mr. Lewis—You know, Mr. Lawrence, it is so when it is
a question
.of money. (A laugh.)
it imams said in June, 1867, things were looking gloomy. '
He then owed Streateild and Co. 76,000 f. He almost
invariably mat them a note, stating the amount he had to
pey during the month, and requesting a remittance. •
11 ndsoce was read between this witness and
Laureece, which was published at the time Gibson applied
for his certificate, shout two months ago.)
Winsome admitted that he hail realised his stock to the
amount of 70,0601. Laurence and Mortimer* were aware that
be would be a heavy loser by the depreciation in stork. He
discovered his lose in the course of 1860 i. It was his regular
practice to draw against goods consigned, with the excep-
tion of Streatfeild and Co. That was the only house that
was kind enough to provide him with cash to take up his
acceptances. He had had renewals from other houses, but
it was an exception not a " rule." Before the loss was
sacertained on the stock he had farmed a probable estimate.
It may have been 45,000/. or 50,000 f. He may have com-
municated to Mr. Laurence it would be 130,000 i. The house
of Streatfaild and Co. mod have known if be was
not provided with money be was to stop. Mr.
Laurence advised him to confine his business
within a narrow company. He war to go on, and Mr.
Laurence Mato find the money. He reduced the business
by baying fewer goods. Mr. Mortiroorebad expressed him.
self strongly on the reduction of the amounts. Both part-
ners wished him to reduce his business, and Mr. Mortimore
said the account would never be reduced until witness
stopped payment. Mr. Mortiniore almost immediately left
the room. He was rather hasty and indiscreet. (Laughter.)
But for the assistance he received, he must have stopped
parrovet during the panic in the year 1657. He had re.
ceived bills of Schrader. He had generally verbal communi.
cations with Mr. Laurence. When he saw Laurence he
would ask where the last bills of Schrader bad been placed.
The isgavy would be simmered by the clerk. He wait to
the pace indicated by Mr. Laurence, and got the Lill dim-
, couated, sad the commission the same se if it lied been for
cash. He had drawn upon Mr. Herbert Smith about
In months since by direction of Mr. Laurence,
generally for odd sums. He supposed they looked more
I Idle troop hills. It was done by direction of Mr. Laurence.
There wee two bills from Glasgow, but they were not
pissed with Messrs. Mellersh. They were his bankers at
( bonietinmes *ay would discount his bills, and
at otbin would not. He was present when Mellerah
asked far • guarantee, and Mr. Modistes* said he would not
give a Patariee for anybody in the home. (A laugh.)
Mr. Easalake—And Mr. Lorene% not being so hard.
hearted. gave it?
Witasse—Yea.

By Yr. Within Withams—He &id not keep an account at
Jonas Loyd's. Money had been paid to his account there
Hewn. Streatleild. If thiar poet money
an
in other
names it was without his kaewl . He didn't re in what
name the roomy wee paid inbug as be got the money.
IA laugh.) He never recovered after the peak of 1867. He
did not get " deeper ead deeper" into the mire up to the
two of him stoppage, as his stock had afterwards fetched
better prima In be probably kept four or five homes.
He bad humeri. He was in the habit of attending the

_
Mr. Lmllater-11. was a tanner, awl pt hohl of the bark
to fu11.... (I..atuthter.)
Mr. Lmarraace tni.l h• t irto &tr. Liskleter's
I...Negates.* • lUD ...a Rueter*. tCoultutted laughter.)