The Express.
London, England, 1861-06-08 00:00:00

IX I
_ROWAN) ILOWLAND.

The bankrupt, ebuTldeTr;Oleorema;.etreet, New North-
road, applied for his certificate. The liabilities are coo-
eidarable. The aocounta prepared by peers. Hart
extend over two years and two months prior to
the failure, and show unsecured debts and liabilities of
MOW., with assets stated at 9901. Although profit of
1,0421., there were losses of 5,4581., and the expenses of
3,0291. The bankrupt was one of those persons to whom
large advances had been made, oa inadequate security, by
Messrs. Davies and Troughton, the bankers of Shoreditch,
who recently obtained their certificates from Yr. Commis-
sioner Evans.

Mr. Pennell, ID his report on the case, stated that the
smote would not realism Is. 6d. Di the pound, probably Dot
more than Is. Under a former bankruptcy (that of Boo-
land and Evans) there had been nothing paid.
Mr. Linklater, for the assignees, said that the bankrupt
bad only been able to struggle on through having open to hue
the till of Davis and Troughton's bank. It was perfectly
unjustieable his going OD so long. He ought to have been
warned by his former bankruptcy against entering into
speculative contracts. He now owed in reality 10,000/.,
taking into account those creditors whose debts were
not fully secured ; and it was doubtful whether
those creditors would get more than 6d. in the
pound. He admitted that for some time be had
gone OD trading after ho knew he was la-
solveht. He had been sued 25 times, ■nl there
had been no less than 11 executions against bum, which
Davies and Co. had enabled him to pay out.
The Commissioner—Have Davies and Co. got their eel..

---- -
Yr. Lanklater—Yes, immediate certificate' of the 'mad
---

The Conimiasiorier7lndeed ! Whitt court wan it in!

Mr. Linklater—Tliat of Mr: C;mmisiii;Or-Ev;;. He
granted the certificates on the (rotted that they had been
misled by the representations of Howland and of Evan.
After an examination of the bankrupt,• who admitted
that in a few months before his failure 25 writs had been
served upon him,
Mr. Lawrence addressed the court on his behalf, attribut-
ing the failure to the building strike, and the wet weather
of last year, which interfered with the tanking of bricks.
His Honour said this was the case ..f a man who came to
the court nominally as a builder, bat who had speculated in
bricks and mortar, and who now came to the court to be dii-
' charged from a large amount of debt and liability ; nn lea
than 12,0001., which he had contracted in the npion
of two years and two months. So lately as 1856, the tanks
rupthad been discharged by a first-clan eertificate from debts
and liabilities of no less than 90,000/., which he owed
' jointly with a person of the mama of Evans. On that
occasion the assets turned out to be nothing ; and wader
' the present bankruptcy they would not yield more than a
shilling in the pound. From whet he (the Commissioner)
saw of commercial dealings, as developed in that
court, be was the more and mire mind
at the facility with which persons who had ei.ecuLited
I largely, and had failed over and over again, scented net
only to get credit, but to be actually bettered in their
position by their former failure. In this case, with the ex-
I caption of the trade assignee (who was one of the assigoen
under the bankruptcy of Davies and Co.. the booker.),
the creditors were stated to be highly favourable
to the bankrupt, to be in fact, exisnaively
voted to him, and anxious that he should receive, for
the second time, a entificate of a high class. (Inc fedi'
for in particular, though he had bet the whole of his debt
under Rowland's former bankruptcy, had taken the trouble
to come of his own accord to assent to everything that
could be said eulogistic of the bankrupt. This was remark•
able, to say the leant ; and creditors had no right to ohm'
plain of the administration of the law being too lenient
when they themselves came forward to absolve from blame
persons who bail failed before. They hail nobody hot
themselves to blame if the court, administering the bank•
rapt law, acted in a similar spirit. Thin bankrupt, hwnli
just emerged from his former failure for 90,tin1.
had began with a small capital of 1,1941., part of which we
a gift, and had gone on in the most redskin way. In October
last be petitioned the court under the arrangement
clauses, and the matter was then turned into bank-
ruptcy. The case raised this question, which had
of late very much engaged the attention cf those
courts, sod sometimes of a higher tribunal, bow long !I to"'
it embarrassment was justified in going forward. with an
obvious failure before him, getting credit from
worries who would trust: him. Different off'
moos had beau expressed on this point but a°
one would ;my that a man who got credit under the cu.