The British Press; or, Morning Literary Advertiser.
London, England, 1826-01-05 00:00:00

PROVINCIAL LC/NYS.

BOSTON BANK.

.
On Monday, pursuant to public untie, 'a meeting of the
creditors of Messrs. ingelow and son Was held at the
Peacock Inn in this place. The meeting was attended by
about WO respectable gentlemen of the town and neigh-
bourhood'. Mr. Isaac Reckitt was called to the Chair.
Mr. J. Hallway stated to the meeting that Messrs. Ingelow
and Son were perfectly agreeable to any plan which the
the creditors might devise her their own benefit ; and that
every farthing of property at their disposal would be given
up for the benefit of the creditors. The statement which
had been prepared by Mr. Thomas Green, merchant, and
Mr. Caister, was submitted to the meeting. From that
document it appeared that the bank lodgments amounted
to 32,4251., and the notes of the finn in circulation to
39,42.51., making a total of 71,850/. To cover this debt,
various items to the amount of 64,686/. were stated 83 ow-
ing to the firm, leaving a deficiency of 6,1641., which sum
being regularly deducted from the gross amount left a di-
vidend of 18s. 341. in the poun i. The meeting were una-
nimously of opinion that a deed of assignment would be
preferable to working a commission of bankrupt, and re-
solutions embodying that opinion were adopted without op-
position. A Committee was then appointed to delegate certain
gentlemen to act as trustees, but after some consultation
it was found inexpedient to adopt this method unless all
the holders of notes could be induced to make application
under the proposed deed of assignment. A declaration
was therefore drawn up and signed by several gentlemen
present, who are creditors to the amount of upwards of
16,0001., guaranteeing the payment of ten shillings in the
pound, within three months, to the holders of notes and
those with whom other arrangements could not be made,
provided no commission of bankrupt was worked, and
stipulating that the sum thus paid to the holders of notes
should be only considered as a payment in part. This
declaration appeared to give very general satisfaction,
and the warmest approbation of the generous conduct of
the gentlemen composing the late firm, appeared to be the
general feeling of the meeting. We learn that the Committee
appointed at the meeting met last night in order to ascertain
whether it will be practicable to carry the object of the
meeting into effect, and that the further consideration of
that question is adjourned to this evening.

WISBECII BANK.

We learn with pleasure, but certainly with no degree
of surprise, that Messrs. Gurneya, Birkbeck, and Peck-
over's bank, of Wisboch, have, during the late panic,
continued their payments amidst the universal confidence
of the town and neighbourhood. The inhabitants of
Wisbcch, in the beginning of last week, were desirous of
expressing their unabated confidence in this Banking-
house, but the firm were so conscious of their perfect
ability to meet every demand (a feeling which we are quite
certain pervades the public at large) that they politely
declined troubling their friends to issue any public declara-
tion of that nature.
PETERBOROUGH BANK.
_ _

Ilessrs.Simpson and White, of Peterborough, we under-
stand, intend paying of their five pound notes nine days
sooner than was resolved at the late meeting.--Boston
Gu:Atc.