The Express.
London, England, 1850-11-05 00:00:00

THE EXPRESS, TUESDAY EVENING, NOVEMBER 5, 1850.

of °impala my b
C./11%

,51,216 a to
. 1,026 13 0
1!, A

I,iii 1 10
4,059 3 0
1,794 14 9
/MI 11 9

Sy good debtoes..- ........
By good lino d wimp

15,1174 6 2
Port 901 m"Apt* MIL
14,694 6 2
By proWly ostiostio of deb* 2,4221 0 0
By Lbw dos try Thome Nods
By SOB of olobano in boob of ollaol molgoso, bat
dolma laitip short ostato4 to aostconoro
By took to Ayr the beak awed as tho nod
of J mew
By loom (leohmobis bad doblo. the" sad Sod 31121,
/11,8119) 10,531 11 1
Birk limy as shown In didemst of affairs of tbo
1,110 9 9
By rid dohloodo• to Mimi the otako.ap so
wont at sod Dorldat 4,414 9 1
By atm to 55 1 1
----:

t 56,346 14 4
of Thomas Neal*, priiparid
•street, was la tie felleadeg

Th• to balottoosiboot
by lir. Jones, of BoskyMU-,
form :
From 30tk Joao, 1346, to 27th Joao, 1850.
DL CL
To Messrs. Nash Ity Mon:de Goad
and Neab, as per b. 1 "eat 6
Joist bal. Ant... £16,141 7 1 Property, to. I 9,645 0 $
Capital : Wilma, Evens% fo. 21 6,997 11 8
1646, as per b. 4 6,967 16 6

N 3,30 3 9

£23,149 3 9I
Kosen. Zama sad Mahon, of Great George•street, ap.
peered as solicitors to the assignees, and offered no opposition
to the passing of the beakrupts.
The solicitor to the bankrupt Nash stated that, owing to
his great age end Infirmity, it woald be a serious inmost.
men to hiss to sign 'Tay rage of the balm°, sheet. His
Honour would, therefore, probably dimmer with that.
Ws Honour said that, on evident, of the infirmity being
laid before him, he had power to make an order directing
that the Mena f the bsukrupts to the first and last page
of the balance sheet would be solidest.
A alsailar application was made on behalf of ths bankrupt
Neale, who is 72 years of age. Naah, it was stated,
wee 84.
His Honour allowed of the partial signature In both cases ;
and the bankrupts were thea declared to base passed their

last examination-.
A number of creditors appeared
to prove their debts—
several of them represented by professional men none of
the proofs gave rise to any diecualioa of interest.
Mr. Lowrance, who represented the official assignee, asked
his Honour to fix a day for arguing a claim arising out of the
petition of a Mr. Cluttoo, an officer of the Reigate Poor-law
Union, to which the bankrupts had been bankers.
After a conversation, the 16;h inst. was appointed.
' Mr. Pennell, the official assignee, presented the following
meet, mreference to
cethis case :
-"
The banking oonrn in which the bankrupts th have bo
.d, has been established upwards of 40 years, and
Nally consisted of four peruser', of whom the two
opts are the survivors, and they have continued the
badness upwards of 20 years.
The balance-sheet commences on the 30th of June,
111443, the period at which the last balance-sheet was framed,
end at that date the deficiency shown appears to have been
1,1101.9 x. 9d., but the whole of the bad amount) bad not
then been written off and are now included among the
WPM in the balanoo-sheet. It should, however, be anted
that the private property cf tha two partners was more than
sareient to make up any defloioney in the flea."
At that period it appears by the separate balance-sheet
of Thomas Neale, that he was indebted to the bank
11,8/61. 9.. Id ; and part of hie nuts to meet this de-
mend consisted of debts due from his ems, amounting to
11,1461. 6s. 9d. in part purchase of hie brewery and public-
Melee, which he had sold to them.
"The saline. due to Mr. Nub, on his drawing account,
amounted to 261. Bs. ; sad exclusive of this, it does not
appear that there woo any capital in the concern.
The active partner who managed the bank was Mr
Neale, his present age being upwards of 72, and his partner
iffir Nash being in his 84th year ; but the real parties who
conducted the mechanical details of the bank were two
clerks, one at Reigate, and the other at the branch establish-
ment at Dinkiest.
" The clerk at Reigate was appointed receiver of the poor
rates about the year 1839; and being called upon by the
commissioners from time to time, paid them oat of the book
fonds about 1,3001. without collecting the Mae. The rate
bad not even been made. In emerquenu of this irregularity
the ratepayers refused to reimburse the money thus paid.
and it appears as a lose upon the bank books. This clerk is
also a debtor to the event of 6901, and upwards, for which
a life policy was deposited, which has been sold by the assig-
nees for 1051., and the remainder is a had debt.
With reference to the clerk who managed the Dorking
branch, he appears, at his death, in 1847, to have been a
defaulter in the bank cash to the extent of 3.684 i. Be. Bd. ;
and his accounts were left in inch a state that it could 1101111 r
be accurately traced. Hisses enceseded bison the manager
of this branch; and it appears by the balanoseheet
that his cash is &iciest 6781.-14 e. 16., besides the amount
of 1001 , for width a sowestop wee detected ; and this
latter amount be has sines been made to refund to the official

assignee.
In May, 11150, Mr. Neale having been attacked with pa-
ralysis, Mr. N.. consulted his attorney, and was advised to
ins kt upon a statement of the bank affairs ; and It too, after
some delay, determined that an accountant should be Bent
ie to investigate the affairs, and report upon the same. The
necessity of a moppets became immediately spperent ; and
on Saturday, the 22nd of June, the bank was Malty cloud,
and declaration of insolvency signed by Mr. Nash the
same evening. On the Monday following the whole of the
property in the two breeches of the bank was secured and
sealed by the solicitor and the accountant, in the presence of
each other, and notiee given to the London %ants of the
bank being closed.
A petition for adjudication In bankruptcy was know
diately proceeded with ; and tht.ugh this sudden step was
objected to by Mr. Neale sad some of the creditors, yet ex-
perience has shown that it not only prevented preferences,
bat was the only mode by whisk a decision could be obtained
upon various points of omillicting interests.
" The statemenm on the sessounts place a wide distinction
brim's& the two bankrupts. Mr. Neale appears a debtor to
the bank to the =teat of 16,00 W. and upwards, of which his
sons have employed a peat portion is a brewery which he
sold to them a treat many yeise ago at lon-dated payments,
thereby depriving his separate estate of the subsequent preffar
lof that concern. The expenditure also for the four years
preceding the bankruptcy appears at the rate of 1,3001. a year
and upwards ; whilst Mr. Nash has a balance to his credit of
4001. ani upwards, has expended only 2201. per annum, and
has husbanded his private fortune sad resources, realising
about 8,0001.,and has handed the same over to thejc int estatr,
including a promissory note due by his younger son for
1,2001., which he had the power to have cancelled, but
which has been p id, with interest, sines the bankruptcy.
"It is, however, due to sash of the bankrupts to add
that every exertion has been used by them to assist the sa-
geness in winding up their estates to the best advantage ;
sad the eons of Mr. Neale have liquidated the claims upon
them, both kr bank overdrawn accounts and purchase
of the brewery.
beamben followed the joint balance abed and the separate
shod of Neale, gives sham)
" The balance skeet of Joseph Nash ia as follows
Capital, of hie prima property, as the 30th
of hos, IOMI 810,337 4 6
Creditors. =aft "Wog wesikety of a poet chit
bond molod la Or pow MS to ON Moms. ender •
his eislisel imps
otlismort 1,043 13 6
Intend= may la the fends and rents's erring horn
Infriftl •

513,222 6 7
nil News oluald of—
Good obis dos to him
Private poverty
0
" Hi Ilipaiimos mold a—
n& arr. 1860 0 0
..... 200 0 0
Isgstes sod
- --- 1,210 6 6

alone ea We *metes sesames sending to kW credit
la the boat et the bads—

113,222 6 7
ceZeibe=y bra boa Dearly all sold, bat baa nabeed
tiles Ps above estimates.
The Oat snob slabl 1. tba balaace-abeet at 31.400 t.,
vel pains about . ammo 0 •
Ma mina rode of lir. Weak stated at 14004
wt rent Salmi 11.10 M., team teal* eledast bit
=OO MOM MM.. Igßei kir the Jalat
6000 0 0
11aee111s0111111 el lir. Male will all be available
tarter las Ad WM; Amy ars dated at 11,4001., sad
111 mem dead 14.000 0 0

W. weal awes wasint es til,oo3 0 0
,71se becks are very anineross, and casspries all the
usual boa, kept by parsons tarrying on the business of
beaters ; but It would appear that the clerks, taking advan-
tage of the age and intraitiss of the partners, neglected
their duty, and the books, therefore, patient rather &slovenly
appearance ; so that, although Ow; have afforded the mate-
rials for the preparation of dis balaaewshests, yet Increased
labour has bees thershyt estaned both upon the accountant
and Oho rids! essigwee.
The esellisle seeselog was flied for the 28th but. It
woe Loft seeessel tlat divideud west:tap should be adver-
tised en Ile separate estates Won the dividend was declared
as tbe JAM esiabt.

INSOLVENT DEBTORS' COURT.—YarrianAy.

.14os al

op Covina,

16 3

1 10
11 i

A Rood deal of leacemaleses was szperiemel is the
emits is semessesmPhillips of the acmatteadesse of essassi. Mr.
lf
COMM&*e waited fa a ease until be had
dried kb Mbar bet 00, mad then desisted that
met he dew ea Ste estiselos whisk Ass=eon-
dime wee es aheadeace of Milli retesdisp the ewes% ist
the Wish wen ems m a bw. Is emend eases brielberen
bawled ever jut as the tease were gelled os, sad of mum
roe dillaalty weaned. There an 160 in.. Is the bet be
the pest& week, all it would he latisfrahoti, if the lmeris-
teal WSW armee mese themselves the emote they wield
sand, le that the joshes Witt ham a fats aposlades of
Olin some badness, sad eases he properly lavaillealii.

EXPLOSION OF ON AT DAY AND ELtrenes.—
Tailerday Nora*, Meat tee disk, e deserustiveemida
dee of Fr oecorrod ea ile premises lumen& me Dot sad
bi miles Ble.k ag Diseeitheory, to Heiteeta. The ezOleWe
wee eateasesd b the gonna seeteviag the metre ead the
the verkma piny law the piste with
taibeebde Menge me dm; sad e yeetoirs
WO OwO e ad of lib walla= win
AvwatbwlNd WooSoMUa.