The British Press; or, Morning Literary Advertiser.
London, England, 1822-02-07 00:00:00

INSOLVENT DEBlOlts' COUR':

James Fleet Cover was opposed by Mr. Norton,
on behalf of Mr. Isaac Kist, • respectable farmer
in the county of Suffolk. The limo!vent was •
dissenting minister, who had the spiritual guidance
of • congregation in the parish where Mr. Rig
resided. Mr. Riot was an admirer of the doctrine
and eloquence of the Insolvent, aiid, conceiving
him to be • moral and honourable man, received
him in his house, and treated hum and his family
with the utmost hospitality and attention. 111 so
unguarded hour he woo so unfortunate as to apprise
his pastor that lie had the sum of 1,0001. in his
house, •nd to ask his advice as to the most judi-
cious wen% of employing it. Tins occurred
is the year 1816, ■ud as the Itimulteut was at
that time preparing to leave his charge in Suf-
folk for smother in the metropolis, i.e told Mr.
Hist that, as he was under very large obliga-
00attli him fur his great kindnes► to him, he
wont to take charge of this money. and
jobbing in Government
ibted not be should soon
Indoome fortune. This promise
iitforittiNg Mr. Itist that he was
h ail the secrets of the Stock
Itist minding in his honesty
tsted him with the dispobitiou of
!heel vent nadertuok the thugs.,
p►. !Oat •pptishig Mai of the
Mkt tillipltied of the 1,0001. in

7:

xchequer bills, and announced to WC. the veldt%
prospects that already begun to open
After the lapse of some time, Rist began to-fte; cos-
easy about his money, and in consequeure•v.
pressing solicitations, the Insolvent sent banillli*,
and some time after paid 2211. more inin a ben ro
London, on account of Mr. Rist, so that 7042.101.!
repaid of the original sum, and 41/. by wiry ef pen •
miuins and interest upon the Eaehequer hills. The
insolvent then apprised Mr. Rist, that with the/e-
-rn:titling 3004 he had bought three Exchrqn6.lvills,
and from time to time he fat-81611e] him with deteik4
accounts of purchases in the funds, con4niubic: •
front settling drys to settling days, and ..sir‘ot •
course of a few months amused Mr. Rid 11•
assurances of large profits, which were newer tr:
than 71 per cent. Mr. Ri.t frequently applied for
the payment of sonic of this moot.), but this request
was uniformly evaded by various excoses, until wr
length in April, 1821, after the account had ap-
peared to hoe arum to nearly 900/. the bills-
hie burst, and the Ilisolvesit, its a repentant letter,
acknowledged to Mr. Riat that he had lost 0111,i4
money, and was in debt 1,200/. He however Wei
hem that his credit was still good on the Exchange,
and that if his affairs could be kept secret for some
time, he might still be able to retrieve his fortunes.
He had on different ocua•ions durin4 these tre usac-
tions, persuaded Mr. Hist to tend bun large burrs
of money, temuting him with promises of great
gains by the fluctuations in the funds, and with the
comfortable assurance that it was by ascii means .11
the great merchants in London had made their for-
tunes. It was urged to the Court that these eir-
consistences amounted to a grow fraud open the
opposing creditor, and that the Insolvent had sub-
jected himself to the operation of the 18th section
of the Act of Parliament.

Mr. HEATH addressed the Court st eon•iderable
length use behalf of the Insolvent, and the COURT
finally held that the whole was a gambling transac-
tion between the parties—one playing for the other,
and that no fund had been committed. Tn. In-
solvent was therefore discharged.

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