The Express.
London, England, 1850-02-11 00:00:00

LAW INTBLLIGENCR.

THIS DAT.

COURT OF BANKRUPTCY.
Damao Ma. Ocannesoom I loan o.
Ix ILI Gineox AND SIC/LT.—Tun Sr. ALUMNI AND Haar;
Bane.
The hearing of the application of these bankrupts for their
medicate was resumed this naming by aelsornment from
this day fonnight. Gibson, whose indisposition then pre-
vented his appearance, was now in attendance.
Mr. Bayley again appeared fur Miss Macon, a ere Dior ;
Mr. Linkleter opposed Gibson for the mitigates ; and he was
supported by Mr. Lawrence.
In answer to questions from Mr. Bayley, Gibson said that
601. worth of his furniture was sold before the bankruptcy.
Immediately on the bank s opping, he sold his carriage and
borne. SAM the buthreptcy his furniture had been sold
for 6001. to his mother, sod wee a his house now.
By Mr. Linkleter.—My father died in 1840, and left me
8,0001., of which 4,7601. wee in limb, ant was received
by sae in 1841, '42, and '43. Is addition I. that
I and mortgages on various properties iu Bs. Albans, worth
1,2001. I had sums of 1,2001, between 1,0001. and 1,2001 ,
sad 1251. from other sonnies. I bad also 2,7651. money set-
dad on my wi4, in all, 9,8241. beyond my liabilities. My
brother loot me 1,9208., and I assigned to him the mort-
gages. He has only proved for 3001 My furniture et my
father'. death might be worth 6001. ; cannot state the
amount of my book debts; trey might b • 3001. or 6001., but
much would depend on the time of year. Deducting my
own end my wife's interest under the marriage settl. soot,
the value of my fornicate and book debts, there remains
upwards of 9,0008. as my property in February, 1844. Wnen
Start called cm nee about establabing the bask, 1 bed not
smonded his proposal foe a joinestock honk. Toe gentle-
men met et my office, bat I asked no one to join. I said,
" Mr. Start wishes to have a bank; will you meet at my
can ?" About four or five of Mr. Start', friends came.
This must have been in 1513. I understood I was to be
thee:o6We of the company ; my nail appears as such in the
prospectus. [The prospectus was handed in: the title of the
proposed bank were, tt The Agricultaral end Trades Joint
Stock Beaking_Company," and the capital was stated to be
25,0001., in 1,250 shores of 201. each.] I did not soy to Mr.
Cutbill that it would be madness for me to enter into the
bank. 1 told him I might have 10,0001. or 12,0001. of pro•
perry, but dud sot say in what it consisted. I said it war all
locked up. I always thought Mrs. Stun had property ; 1
gathered that from something he had mid, but had no good
reason for thinki sg so. I sappeerd him to have about 2001.
• year. In July or August, 1547, the deeds of the bank
premises were lodged wsta the Commercial Bank, in lieu of
the deeds of my Oster.hill estate, which had been poetised
out of the bank funds. On these latter deeds I borrowed
1,0001. from my mother. In July, 1844, my account with
the beak was overdrawn 5001.; et Christmas, 1844, 2,5422.
At that time the Co emerald Bank held my deeds to the
assount 013,0001. At Christmas, 1846, sbe pass-book shows my
account to be overdrawn 4,3031, but there are sums .or
which credit was not given ma in the pass book. Stun once
mentioned to me the accosted being overdrawn. He bought
the beak premises without consulting me in any way, and
the purchase money was drawn from the bank. The law
proceedings against Sturt commenc.d in 1846. The libel
consisted of a letto to :sir George Grey. I did not oommu-
Mate the contents to S•rart. The promedings cost the bank
2,0001. altogether. I was never consulted about it. One
morning dturt had sent off 5401. by the coach before 1 not to
the beck, at a quarter after nine. Mr. Rogers, the queen's
counsel, came down to investigate the matter. I did net my
I had advised Mr. Smut not to apologise to the justices. I
only acted as local moot° the London solicitor, Mr.Coopet.
I paid anything out of my own pocket for these costs,
though there is an entry io my cash boot of 601.
as paid in July, 1847, which was probably during
Stun's ab -ince. I ban written letters in the news-
papers about this affair, but I did it mild:y. There
was a correspondence with Mr. Biagi, which might
partake of angry feelings. My impression was that an ac-
count male out so 03., 1817, showed the bank to be about
Nacre; hut I did not understand the account. In October,
1847, 1,0001. was paid into the Commercial Bank on my
amount, and et that time my account et the 8:. Alban 's
Bank was overdrawn between 3,0001. end 4,0001., includ-
ing interest. I did not ray to Stott that we mot take
care of ourselves exclusively, but that if the creditots pressed
we must 100 to the Bankruptcy Court, end protect ourselves
as others had done. After the stoppage, my prop-r y was
revalued by Mr. Bsgbie et 6,2001., including 4,7651. depo-
sited with the Commercial Bank. Our account there was
overdrawn 5,8301., but they held securities in all for about
63004
TM ease was proceeding when ear reporter left.