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

FASHIONABLE INTELLIGENCE.

Mrs. Coutts will give a juvenile ball to-morrow evening, at her
house in Stratton-street. Piccadilly.
llis Excellency Coma Eleven, and Countess Leven and family,
arrived yesterday evening in town, from Brighton.
The Dowager :Ilarchioness of Salisbury left town yesterday for
Lord Deere's, the Hoo, Herts.
The Marchioness of IVestaneath left town yesterday for Bushy
Pick, on a visit to the Duke and Duchess of Clarence.
Lord and L.dy O. H. Cavendish and family arrived yesterday
at Burlington House, from Brighton.
0. Ileathcote, Esq., M.P., left town yesterday for Stoeken
Hall, Ruiland.
General Ord left Gordon's Hotel, Albemarle-street, yesterday,
fur his seat in Hants.
Lord and Lady Anson arrived in town yesterday, from their seat
in Warwickshire.
A. F. Tunis, Esq., arrived yesterday at Fenton's New Hotel,
St. James's-strcet, from his seat in Hants.

The Duke and Duchess of Clarence will give an elegant
entertainment this day to the Duke of St. Alban'a, Lady
Charlotte Beauclerk, Airs. Coitus, and a large party of
distinction, at Bushy Park.
The Earl of Liverpool came to town yesterday morning,
from his seat at Coombe Wood. The Noble Earl trans-
acted business in the course of the morning with Viscount
Melville and others of the Cabinet Ministers. At half-past
three o'clock the Governor and Deputy Governor of the
Bank of England arrived at his Lordships residence at
IVhitehall, from the City, and had a consultation with his
Lordship and the Chancellor of the Exchequer about half
an hour, soon after which the Noble Earl left his residence
on his return to Coombe Wood.
Viscount Melville transacted business yesterday at the
Foreign-office, Downing-street.
The Chancellor of the Exchequer arrived at his house in
Downing-street yesterday morning from Beckenham, and
returned to Beckenham in the afternoon.

THE BRITISH PRESS.

ANG 1.0-M XICAN MINING ASSOCIATION.

The HT annual general meeting of the proprietors of the Anglo.
Mexican Mining Association, was held yesterday, at the City of
Landon Tavern, Bishopayeate.street, pursuant to advertisement.
About 250 proprietor were present.
Mr, I)AvID HAIM LAY, upon liking the Chair, obeervell, that
when tie had last she honour of meeting the proprietors, in Febru-
ary last, he had premium, a report which vrlated to tee proceedings
of she Association antecedent to the end of the year 1824. Consti-
tuted as flit Association then was, the Directors were not called
upon at that time to make any repor, but were desirous of giving
every information that was consistent with the interests of the As.
isociation. The Report which he now held in bieliand was, in feet,
the first Annual General Report officially promulgated. For this
reason it was thought necessary to enter. Into some minute details
The atrangements made for the Awsociatitm in Mexico were stated,
anal theptogreas made in the undertaking was amirfactorily explain.
ed. It concluded wi.h some general obaervations. It wan a matter
of regret that it did not contain any information of a later date than
the 24th September. It was anticipated that the Report would
have contained more recent intelligence, but this was prevented by
adverse winds and tides, over which there was no human control.
If the report was not as satisfactory as it was hoped it might be
on this point, he frit certain that it woad afford very general sa-
tisfaction mall the proprietors. They must be convinced that the
Association was proceeding upon solid, fair, and rational grounds,
and that its affairs is Mexico were conducted with ability, zeal,
and prudence. The Chairman then proceeded to read the Annual
Report. first premising, that the mined had not commenced work.
ing until February last, only seven months antecedent to the latest
advices acknowledged in the Report.
Our limits will only allow Iln briefly to notice the Report, which
was very voluminous, and occupied above an hour in reading. It
contained a recapitulation of the mines, about thirty in number,
for which contracts had been entered into by the agents oldie Asian.
ciation, Loge her with a statement of the proportionate annual profit
of each mine ceded to the Company in consideration of pecuniary
advances. The mine% in Mexico are in no degree the property of
Government; they belong to individual., and no foreigner was ad.
mined into partnership in these lucrative concerns until the revolu-
tion and protracted civil war deprives! the titbit-owner of the capital
necessary fur carrying on those extenaive undertakings. and thus
opened a new channel for Ihitiali industry and capital. The Report
stated shot considerable progress had been made in draining the
mines, and that quantities of ore had been extra:teal from that part
of the mines thst was not submerged ; it also stated that the pro-
cesses of stamping, amalgamating, and smelting, were in ad ranced
progress. We were gratified to perceive a spirit of caution in those
statements. There seemed no disposition to promise early returns,
or to excite extravagant hopes, which have in many instances
ended in disappointment. On the other hand, the Report dwelt
with confident success on the event of the undertaking. the Direc-
tors expresaing their assurance that those mines, during the last
century. afforded e considerable profit. although worked with all
the disadvantages of the Mexican method, and that they would
produce a much larger profit when superintended by Englisihmen,
and with the benefit of English machinery. t )nly three convoys
had been despatched io the mint at 31exico up to the 211111 August.
The two first produced 6,428/. 14s. 441., which has actually been
received by the Directors. With regard to the improvements
to be produced by the introduction of English machinery, a letter
was read from the First Commissioner, with an extract from which
we shall conclude our auttsmary :
" It appears to me that the greatest improvement that this
country is at present asisceptible of, and which will prove most es-
sentially beneficial to the mining interests, is the introducing habits
of industry among the natives by actual example, and inducing
and enforcing activity and regularity by seasonable and suitable
encouragement and severity.
" That this is neither visionary nor impracticable, I beg to illus-
trate by two examples :--At the mine of Valenciana it required
the work of six men (after the wooer was sewn) during two months
at the least, to build a malacate. A greater number of men were
generally employed, And at the mine of Secho they are now only
finishing one, on which they hive been four months constantly
employed. Since the mine of Valenciana has been under the di.
rection of the Anglo-Mexican Association, one active and intelligent
English carpenter, and one English blacksmith, likewise a good
workman mid of excellent conduct, only, have been employed
there ; yet with the assistance and example of these two men, di.
metes, and enforced by one of the Cornish dining Captains, these
same workmen have now completed six English whims in three
months. When we at first promised to build a malacate or whim
in a fortnight we were ridiculed by every one ; the case now is very
different indeed.

" The other instance is at Mellsdo, where old customs and us-
ages were preferred, anti all innovations deprecated by the proprie-
tors. To meet the earnest wishes of the latter, I agreed that the old
manner of working should be retained, provided it proved equal to
the new method; nearly two months elapsed, and no machinery
was ready to work, or horses broken in. The proprietars, on cool.
paring the progress made in their Mine with that of Sirena and
Valenciana, were so convinced that the superiority was not in their
favour, that, at their own request, the ageitts were dismissed, and
many innovations admitted. In a space of little more than one
month, two nialacates have been got to work. The introducing
and quietly establishing these and similar moral improvements (if
I may so express myself ), Omagh destitute of attractive display,
and affording poor subjects for description and discussion, is, I ant
peratinded, beginning at the right end, and must Om the basis on
which all future improvements must be founded.
`• The sudden introduction of the splendid machinery of England
into this or any other new country will create wonder and surprise,
but will not excite emulation. The various degrees, intellectual and
operative, in the progress towards this present state of perfection
being utterly unknown, the hope of imitation is put beyond the
reach of possibility, and the complicated difficulties attending the
introducing, erecting and conducting such apparatus, in the eyes of
the uninformed, unreflecting natives, destroys its value, and does
really diminish its itnpurtance as an economically efficient assist-
ance.

The abilities. acquirements, and progress of the artist should
regulate the selection of his models. The injury of not attending
to this simple rule is strongly illustrated in the interior of Russia,
where (I speak from personal observation) the introduction of fo-
reign machinery, the source of immense wealth at home, proved an.
nually a heavy loss to the importer, and was continued only in
the government works.
`• The foregoing arguments are by no means intended to militate
against the utility of introducing machinery under favourably con-
['latent ; on the contrary, I trust that, in the curse
of a very few years, the Anglo-slexican Association will possess a
very appropriate and efficient establishment of machinery in this
country."

During the reading of the Report the Chairman was interrupted
by Ale. Franklin, who proposed that the Report should be printed
for the benefit of the Proprietors. The details were so numerous,
that it was qui!e impossible accurately to understand them after
hearing them only once read.
The Cu AIRMAN said it was thought that the Proprietors would
have been glad to learn all the particulars, which induced those who
drew up the Report to enter so much into detail.
Mr. FRANKI.IB said his observations arose from the great size
of the book which the Chairman held. A printed Report would
save much trouble, and, in its absence, he thought a summary
might be substituted.

It WIIS finally agreed that the Report should be printed.
The reading of the Report was then resumed, •nd its contents
received with much apparent satisfaction After which

The CHM n MAN put the question that the Report be received,
w'hich was carried without ■ dissen•ient

An account of the receipts and disbursements of the Association
was then read by Mr. Towles, one of the Directors. It appeared
that a sum of 40.3.0001. had been received, which stint was expended
in the pnrchnse of quicksilver, machinery, minirtg stores, &c. and a
large sum expended on the spot for working the mines.
ND discussion having taken place, the thanks of the Meeting
were then voted to the Chairman, and the Meeting adjourned.

We arc informed that Lord Cochrane has not in a single
iota violated the pledge made by him to the Greek Depu-
ties, and that he still holds himself prepared to fulfil all
the conditions of his agreement, provided those of the De-
puties are also executed.—Dublen Morning Post.
A letter from Bath states that an attempt was made a few
days since to assassinate the exemplary. Bishop of that dio-
cese in the cathedral at IVells, and that the assassin was
apprehended on the spot, with two loaded pistols in his
possessiun.—Evening raper.
We have much pleasure in being able to state in reply to
an address which was voted to him at a late Corporate-as-
sembly of this borough, Mr. Sergeant Frere has retracted
his intention of resigning the Becordership, and cheerfully
acquiesced, though at much personal inconvenience, in the
request that he should continue to discharge, as heretofore,
the arduous duties of that offiee.—BuryGazette.

AGREEABLE MESSAOE.—The lt'ew York Evening Post
mentions, that the day before the late adjournment of the
Vermont Legislature, a nectarine message was delivered to
the House of Representatives as follows
" Mr. Bell informed the House that he was requested by his
Excellency to invite the 3lembers to call and take a glass of
wine with him at Cons'll's Hotel, and that this invitation was
predicated upon the circumstances of his Excellency's being about
to relinquish the gubernatorial chair.—The Ilnuse concurred."
CASTOR 011..—The eastor.oil plant (prima christi) is
indigenous to Southern Africa, and is found in abundance
in most pans of this colony. It may be useful to some
persons in remote situations to know, that the safe and va-
luable medicine which this plant produces is readily ob-
tained by the following simple process :—The ripe seeds
are cleared from the husks ; well stamped in a mbrtar, and
then boiled in water till the oil rises to the surface. This
is carefully skimmed off; but as some water will be still
mixed with the oil, it is necessary to boil it over again in
an iron pot, until the water be thoroughly expelled by
evaporation. This method of obtaining castor-oil is prac-
tised with perfect success by the Moravian Missionaries at
Guadenthal, who also use indiscriminately the seeds of the
different varieties of the plant, found in that vicinity, with-
out perceiving any difference in the quality of the el—
South African Advertiser.

MEETING OP ChEDITORS UNDER MESSRS.
HOWARD AND GIBBS'S BANKRUPTCY.

Yesterday &large and respectable body of thecreditore of Messrs.
!Inward and Gibbs assembled at the Court of Commissioners of
Bankrupts, in Basinghall.street, to take into consideration
the propriety of assenting to, authorising, and empowering the
assignees or the estate and effects of the bankrupts to insti-
tute proceedings in equity against Lord Alvanley and his trustees,
for the recovery of a large SUM of money, alleged to be due from
his Lordship to the bankrupts estate, or whether any other and
what steps should be taken with respect to such claim.
it Gentleman-who attended Tor one of the morning papers, on
entering the room was asked whether be was a creditor ; and on
replying in
,the negative, an objection was raised against his
being permitted to take notes; but after some discussion' it Was
decided, by a short of hands, that it was desirable the proceedings
of the meeting should be mode public, and that therefore those
gentlemen who attended for the .press should be allowed to
remain.

dlr. ST FtV r having read Over the names of those creditors who
had proved their debts, or made claims under the commission, said
he understood theriwere seferal gentlemen present who had re.
ceived letters from creditors unable to attend personally, and that
it was intended to be proposed that those gentlemen should be at
liberty to vote on behalf or the absent creditors. A question there.
fore would arise, whether they should he permitted to vote or not.
Admiral DUNDAS stated that he had received a letter from
Captain —, who was at present stationed at Plymouth, in which
he was desired to' request (he assigttees to allow him to vote for
the Captain; and the lever authorised hint to dissent from any
proposition that should be made for empowering the assignees to
sommence proceedings of any kind against Lord Alvanley or his
tot stees.

Mr. STEVCS:3 had not been aware that the letter to Ad-
miral Dundas contained so precise an authority to vote as it ap-
plated to do. The letters which he had seen did not go to the
particular question for this day's discussion.
Mr. SHAW (one of the assignees) thought they need not discuss
the point at all, inasmuch as he did not conceive the result of the
meeting would depend upon these letters. If it should come to
that point, he had no doubt that the creditors ',mild very readily
meet the views of those gentlemen who were prevented from giving
their personal attendoctee.
Mr. STFVF. rs observed that before he proceeded to explain dm
object of the assignees in convening the present meeting, he might
perhaps be permitted to- notice an advertisement which harl ap-
peared In some of the morning papers, which, it was hardly ucces.
sary for him to say, was not inserted at the instance of the assignees.
Ile had thought it necessary to ascertain front what quarter it came,
that the creditors might justly estimate the weight that was due to
it ; and he had therefore obtained the original draught of the adver-
tisement. which was in the hand-writing of Mr. Gill. who was new
present, and whose debt amounted to 7tif , on which he had so res•
ceive a dividend of 3s. in the pound.
Mr. JOHN SMITSi thought that the meeting had noshing at all
to do with the advertisement. I; was with great. inconvenience he
attended here, and be was most anxious the real object of the
meeting should be proceeded with.
Mr. GILL said, that although he had proved s debt of 7CI. only,
yet he had an interest in the bankrupt, affairs in various ways, to
the amount of !,0001. or 3,11001. [Mr. Gill was then proceeding to
explain the reason for his inserting the advertisement. when several
creditors said, `• You cannot he permitted toga on; Mr. Stevens is
in possession of the meeting."[ Mr. Gill said he did not receive
the letter requesting his attendance at the meeting for four days
after the advertisement had appeared in the Gazette, and a number
of creditors had not then received any notice; he therefore could
not tell whether it was the intention of the assignees to have a select
meeting or not. It was his object to have as full a one as possible,
and with that view he inserted this advertisement.

Mr. SHAW (the Assignee) thought that as the advertisement
contained some reflections both on the Solicitor and on the As.
signets. Mr. Stevens ought to be heard in explanation.
Mr. Jottit Ssit rri contended that the proper duty of the
assignees was to explain to the illeeting the grounds on which they
Ind decided, or purposed to decide, to commence proreedings
against Lord Alvanley and his trustees. With all ether matters
they had nothing to do.

S'everal Credit-ors—Nothing at all.
:lir. STEVENS considered that as the advertisement tfi 'vhich he
alluded seemed to go into the proceedings of the present meeting, it
ought to be read.
Mr. SIIAW then read it its follows :

" Howard and Gibble's creditors are earnestly requested to attend
the meeting called for Wednesday, 4th January, at the Court of
Commissioner's of Bankrupts in Balinghall-street, to oppose a pro-
position to be then made, for taking proceedings in Chancery
against a certain nobleman anti his estates, the effect of which would
be to prevent the creditors of both parties from receiving a shilling
of their debts for many years to come, and to entail a ruinous ex-
pense, without any benefit whatever to the creditors."
Mr. STEV ENS said the only object he had in alluding to this
advertisement. was to show the creditors that the gentleman who
had written it had a great Interest in seeing the proposition that was
about to be made rejected.
Snow.—After that I think it is neutralized.
hir. STEVENS then proceeded to state the circumstances under
which the present Meeting had been tonvenid. In the course of
last summer a proposition was made to the asaigneet from Lord Al-
vanley and his trustees, for compromising the claim of the assignees
upon them for 20,0:0!. That proposition was submitted to a meet-
ing of creditors, and rejected. In the cdurae of the subsequent
month of September, another proposition was made. increasing the
offer of compromise to 30,0001. That was also submitted to the
creditors, and was likewise rejected as insufficient. The assignees
then waited nearly two months, without taking any steps what-
ever, when it was thought, on account of the large amount of assets
due, that they should proceed to do something. Burthey considered it
right not to act upon their own judgment, therefore there was a
meeting of all the principal creditors whose debts amounted to 1000/.
convened at their own rooms, and after a very mature consideration
of all the circumstances, and of the ability of Lord Alvanley and
his trustees to pay, it was thought, that whilst on the one hand it
would be advisable that a sacrifice should be made rather tran
resod the settlement of the business, yet on the other they thought
30,000/. was too small a sum to take, anti on the whole it was
unanimously agreed that a sum not less than 40.0001. should he
taken. One creditor, indeed, considered that too small a sum. It
was then suggested that Lord Alvanley and his trustees should he
informed of the sum which it was probable the assignees would be
authorised to take, in order to give the' an opportunity; if possi-
ble. to come to an amiable settlement of these claims. Accord-1
ingly he (Mr. Stevens) was empowered in communicate with Mr.
Poach), the Solicitor of Lord Alvanley, and his trustees. on the
subject, which be did on the Ist of November last, add he had
received that gentleman's answer, which was dated 10th December,
182.5. and stated that Mr. P. had submitted his (Apr. S.'s) letter to
his clients, who directed him to inform Mr. Stevens that when Lord
Alvsnley and his trustees proposed to pay 30,0001. ns a compromise,
it was under the conviction that that sum would cover much more
than what Sas due ; with this conviction still as powerfully as ever
on their minds. they thought they would be doing great injustice
to themselves if they made any further addition to the sum pro-
posed. However, to convince the assignees that they were anxious
to do what was proper, Mr. Powell stated that he was desired to
repeat the offer, or to agree to refer the whole necounts to arbitra-
tion. Should the assignees accede to the sum proposed, he begged
to say that the money toad be paid soon after Christmas. In
consequence of this reply the present meeting had been called. Mr.
Stevens then proceeded to detail the particulars of the claim made
by the assignees on Lord Alvanley and his trustees. In 11312 Lord
Alvanley began to grant annuities upon the remainder in tall, to
which he was entitled in Certain large estates in Cheshire. The
mode of charging these estates was by power of entry and distress,
and by the several deeds that were from tints to time executed,
the bankrupts, Messrs. Howard and Gibbs, were made trustees for
that purpose. Annuities to about 6.0011/. per annum were granted
in this way: In the year 1814, and the three subsequent years,
other annuities were granted by Lord Alvanley, but which were
not charged upon his estates, the grantees holding only judgments
and other personal securities. It was necessary to attend to this
distinction, because the nature of the claims depended on the fupda
on account of which the advances were made by the bankrupsa.
Payments, to the amount of 70001. were made on account of the
annuities charged on the estates; and payments, amounting to
14,0001. were on account of the annuities not charged on the estates.
li.was considered, that, inasmuch as Howard anti Gibbs paid per-
sons who had annuities on the estates, they had a right in equity to
staid in the place of those persons as to the sums eo paid. These
estates had since come iota possession, and Lord Alvanley having
suffered a recovery thereby, barring the entail, the charges were
accelerated, and had become charges on the fee-simple. Another
part of the debt donned front bard Alvanley consisted of a large
sum of money due upon the balance of an account which was closed
in October 1820. the bankruptCy taking place in 1821. In round
numbers 30,060!. was stated upon that account to be due to Howard
and Gibbs, and he had in his possession an account signed by Lord
Alvanley, stating that his Lordihip had examined the account, and
that it was true. On the same day that it was signed, Lord Al-
vanley gave a warrant of attorney for 00,0001. the defeszance
endorsed thereon stating that the same was given for the ba-
lance due on this account, after the bankruptcy judgment
was entered up, and docketed; within twelve months, so that this
judgment was also a charge upon the real estate of Lord Alvanley.
However, the stnn claimed under the judgment did not amount to
30,0001. ; those gentlemen acquainted with banking transactions
would understand how that happened. At the time of the bank-
ruptcy, Howard and Gibbs were under acceptances for Lord Al-
Tinley, which were not due, and therefore were not paid. The
assignees were called upon, by Lord AP/amity's agent, to supply
accounts, and he (Mr. S.) was authorised to explain the exact
amount due upon this judgment. Upon that explanation no ob.
jection had been taken ap to this hour. On that statement there
was proved to be due to Howard and Gibbs, for money actually
paid out of pocket for Lord Alvanley, 22,8911. 7s. Id., and interest
thereon amounting to 6,2001.25. 51. ; therefore upon this judg.
ment there was 28,9311. 9a. 6d. due to the bankrupts, which, with
the 7.0001. advanced on account of the annuities granted on the
estates, made 3.5,9311. 9s. 6d. chargeable on Lord Alvanley's real
estates, distinct from that which was due from his persona! estate.
There would, however, be something to be added to this, for several
of the bills which had not become due at the time of the bank-
ruptcy had since been mused ander the commission, to the amount
S or 6,0001. ; therefore, in equity, the assignees would be indemni-
fied out of Lord Alvanley's estate, to the extent of the dividends to
be paid upon these bills; he had consequently putdown 3,0601. by
way of indemnity, making in the whole 38.9311.95. 6d. chargeable
open the estates. With respect to the value of these estates, he
should make an observation or two presently. With regard to the
other part of the debt, there was due, either from Lord Alvanley
or other persons, the sum' of 13,0001. for arrears of annuities Feld

by the bankrupts.. In some eases it might be considered tint th.
annuitants were liable, and in others Lord Alvanley ; but whe:
thee one or the other, he apprehended the bankrupts night tin Iser
psi Subsequent to October, Ma, other sums were paid by the! .
batiltrt:pts, which formed the subject of three ietfiashe
and for which warrants of attorneys had keen bi.vent • :
was for LOOM. Is. 2d. with 2971. for interest ; another, SAL 4..
and 24f.d. for interest; and the third, 2 Mi. Ili. with 059 f. 175-9 d:
for interest, making abogetber man/. 11s. lid., width bane
add•d to the 13,01101. wosiffithike 113.3/111. lbs. l Id. in additfoa to
the 35,9311. 9s. St which would make the *bole lawman debt'
amount to nearly 55,00111. He had thus gone through the stats.
ment of accounts which hod beef; made out by Mr. Adams. dui,
accountant, from time to lime, and rendered to Lord Alvaeley ;
and who was they pteaent, and ready to give' any further explana-
tion that might be fequired. Ile would now offer ap Miedtvotion or .
two with respect to the mewl. possessed by the nelson! far retas-
H .
',Hog this debt. He had meal
stated that Lord Alranley had
suffered a recovery of the estates which were liable spots trine age to
several very heavy annuity-charges, arnoentlng altogether to
6,0001. or /,0001. a year. independently athlete dullest, the bi-
cumbyances were very trilling. le dld not know whether they had „ •
been paid, butjf not, be shout not have liny, hkshatlon In recom-
mending the creditors to redeem the prior intluthbranees, bettadrse
the securities were very ample. .The Other incumbrances vim the
annuities he had menttoneVut a von Important amingement
had been Mode with the et holding these annuities. the.
effect of which he apprehended was that the judgment held by'
the assignees was made to atantLbefore every one of those elides.
He thought this was obvious. The annuities were charged on the
estates by power of entry and distress, and the trumps* were in
some eases Mr. Gibbs, and, in others Mr. Howard. Sinn the
bankruptct, all but three or four out of the two hundred annuitants,
of Lord Alvenley had relinquished their annuities, deperidieg.oport
a deed execrated by Lord Alt/ante, subsequent to the bankreptcy,
Therefore, he apprehended the effect was,Mit the Ituliptent stood
bermf all the debenture creditors, for such they were new tertant•
This preengement having been, mate withdut the idneinreries of •
the assignees, and the bankrupts not hiVing joined in ft. bet the .
legal estate still remaining in them, he apprehended they had al
right to avail themselves of it, for the money they bad pilid to the
grantees. lie understood that the property contracted to be sold by '
Lord Alvanley was sufficient to pay all his other de! ts ; if that was
so. there was one-thivil of tfre property remaininit Unsold (Waddle
what advantages his Lordship might take tinder. Mr. Arden's will),
which would be available to the claims made by the assignees.
These claims had been met by general charges of fraud. Unfairness,
and error of every kind ; but it would beie been More satisfactory
if, instead of being bound up in a.general statement, the particular
fraud or error had been pointed out,. (Hear. hear.) it "mid elori
have been a fairer way of treating the assignees. &wide.% lAor4
Alvanley had had the fullest opportunity of provitig the fraud and
error of these transactions before a Jury. lie would explain. It
became necessary to revive the judgment by the asslknees to show
that they were the parties entitled. To that proceeding Lord Al-
vanity pleaded tram( in the warrant of attoroev, and eine in the
accounts °revery kit.d. To that plea the assignete-demurted. mid the'
record was entered for trial,. but a few days bebire the trial was to
come on, the plea was withdrawn, anal the assignees *ere allowed
to sign judgmsnt. (Hear, hear.) lie apprehended that no Court
of Law or Equity would. permit Lord Alvanley to, say that there
was a fraud or error in the judgment after such a eireuthstanet.
Mr. METCALFE—Not a Court of Equity. Mr. Stevens?
Sir. STEVENS thought that the Court of Equity Would pre-
sume that it was impossible for Lord Alvenliy.to make out e
case of fraud, after having refused.to do so; and that the Coati'
would, under such circumstances. pretisme absence of fraud. In •
conclusion, he must confess that the sum offered by Lord Alvan-
-I.y was not fi fair sum to be paid to the creditors in fall for the
debt that was due, and feeling thus, he had no besitatieh In stating
it to them ; and he aid not Insi.atc in stating mate, for he thought
40,000/. could be got, if the creditors !Mould be deshdua of ac-
cepting it. The assignees bed done their they', and all that could
be required of them, and they would be perfectly satisfied with
whatever determination the Creditors should come to upon the sub-
ject. He had omitted that, between the ofkr of 20,000!. and
30,0001. the assignees and their aceotintant had a meeting with
Lord Alvanley'a trustees and Mr. Kinnaird their accountant, and
the result of that meeting was the increased offer from 20,000!.
to 30,000/.
Mr. POWELL then came forward and said, whin he first en-
tend the room he did not intend to address the Meeting, because
he did not know whether it *trald be necessary.
Mr. SrEvaxa begged bins to state in what character he sp- •
peered.
Mr. Powrx.r, replied, that k was not is the solicitor of Lord
Alvanley, because he had no right to do an; he *as in the hands
of the Meeting, Whether he ought to address them or not.
Mr. Suety was sure the creditors would be very happy to hear
him.

Mr. PoivE Cr. said, by the letter addressed to hits bn the Ist
November, 11t25, by Mr. Stevens; the debt clalined boa 53.753/.
That debt might be considered in tiro ways; first, that which was
a charge on Lori Alvanley's estate, and next, that which was not.
The first Was for arrears of anntiities alleged to be paid by the bank-
rupt* for Lord Alvanley: This "Ai divided into two classes; that
which was a charge on the estates, and that which was personal
only, amounting together to 20.0004 At first the claim was 22,200/.
but the intercourse whir+ he had had upon the subject led him ui
ascertain that no inch sum had been advanced by the bankrupte,
and that insterd of there being 22.200/. the utmost that could Lt
claimed would be about 16,000/. A detailed account was
delivered tit' sums so paid by the bankrupts; that account
was examined by the different annuitants, whd came into the
arrangement which had been alluded to, and they knew there were
sums to the amount of 4,000/. charged which had never been paid.
This therefore being deducted, would reduce the claim to 16,000/.
on account of the payments of annuities by the bankrtipts. How
much of that sum (supposing it to be due, but Which lie did nut
intend to admit) was to be charged uptin Lord Alvanley's estate,
he could not tell, but as Mr. Stevens had stated It to be 7,000:. he
(Mr. P.) would suppose it to be 5,000 t. ; and whether that could.
be recovered was a tv:estion of law which, without any disparage..
ment of the understandings of the gentlemen present, he would beg
to say they were not competent to determine. If the whole were
fraudulent, then nothing could be recovered. The next claim was
I upon the warrant of attorney for 20,000/., which was given by Wit
Alvanley f-r alit balances on a aeries of accounts volume:Kt.
ing in the ±eat 1..12. Gentlemen would be rather startles
when he told Mein that that transaction consisted of a lawn of
15d,000/. in biils negotiated by Howard and Gibbs. 'bite, it
may be said, but if they were negotiated for I:otd Alvanley tie
would be liable for them. Lard Alvanley denied User they were
negotiated for him. His. Lordship went into the van, commence-
ment of the transaction, and asv.rted that tho greater pan of the
bills Were not on his account. If the sums tben were not legally
chargeable, the security must tall to the ground. Lord Alranley,
however, a.driitted that a portion of that sum was paid to his me,
and in the offer that he had volute to the assignees, he had taken.
the utmost limits of that portion, He (Mr. Powell) had even
added to it. in doing so, he considered he was doin but justice
to Howard and Gibbs, yet at the same time he had toe conviction
that he was acti•ig mast liheraffy on die part of bred A/Tinley,
Mr. Powell thin, adverted to the three other warrain ts of attorney, snot
observed that os they were given for bills Which never been paid
the balance ear really duo to Lord Alvanley. slut' whether an or
not, the sr.rn offered was more than what was actrallty paid no' (.1.
the 150.'.1001. on account of Lord Anvanley. Howard and Gibbs
were tune acceptors of ail these bills t prima facie. tt evefehes towy
were debtors to Lord Alvanley. These bills a ere disc ranted and
all the world knew how; it was rot 12 per cent, nor JO only, tlyt
was paid upon them.
A CREDIT o st— No, nor a hunt:rei, -
Mr. Pow—" No, nor a huudred, you might „. fa)." It
was said that the bills were negotiated for Lord Alvanley. Fut
what purpose ? 2'o pay the annuities. but v-erg Illy paid
No ; fur his Lordship was charged for them in the iceotint. The
fact was, it was necessary for Howard and (Milli at that time to
support their credit, and hit clients were made use of as agents rev
accompliet that object. If' that were so, who nig* M bear the
loan, alwa*s Caging in mind that Mr. Gibbs got Ode bats dig.
counted ? That was a point which must be decided by PM! eihtt
tribunal hereafter. It' in the eye of the law these reetteitiee were
fraudulent the .itidgment fell to the ground.; but prerovoing them:
to be legal, haw did the creditors stand ? The judgmeist was the
last upon the estate, and he denied in the moot peeithottesaas the
legality of the conclusion to which Mr. Steverbad crane.
He denied that these claims were at all advanced by the arrange.
Intent With the annuitants. Tine deeds executed to them were not
subsequent securities: they were collateral wi'h their formu.se.
curities, nil of which had been kept on foot mef*." africePy, lilt the.
purpose of protecting those gentlemen. The assignees moat rti
main in the rear. Besides, the morn:eget annotnete4termose tingj
20;00(1. There were judgments foe al4 the annuitants, and them
were other legal obstacles that would prevent the magnet, from
ever recovering one shilling by the operation of law, he mint la
contradistinction from a Court of F..cluity.. It so, the} moat lite-
& bill against, all the incumbrances of this estate, they MOW
file it agape'. 300 creditors, in order to bring before the Corr' the-
relative situations of all of them, whom iebts would heart- to 6e
paid according to their priority. Thu annuities (ineholin* !bow"
secured by judgments) amounted to about. 20.000/.. a peak emit
the rental of the estate to about 11,3001. a year. It wee staled% Ow
another portion of the estate had been sold.; and urns It was 114,4
so, to the amount of about lao,uota. Rut Me. Swears. was In.
correct as to the value of the estate that was left unsold. Tbse
part which was sold had peculiar edsantafiets cf situation, and
therefore brought • higher price. Hut what had been the Nose.
nuance of the rejection of Lord Alvatileys.pnepotrition to the as.
signets ? Why, that none of these sales hart -bean completed, andt
that the contracts would go for nothing. In order fo realise my
thing now for the creditors (if they should accede to terms) Lone
Alvanley go into the market at its- present dept.'s& sate,
andvwith a title that had been in some degree blown upon, or re:.
cover the ground which he was afraid they had irretrisvololy lost.
If the proposition had been taken they woad hove had. the NAP/.
in their pockets. A month hence they might dot be abrb met it.
Within that month they might; they 'mkt° theme; thee**, bee
tween the money now or a Chancery suit, of which it was impassible
to see the termination. Of course, individually 'poking. Italtesl
no right to repress his opinion upon the subject'! irld Tea Meat
to decide, but he could not refrain acknowledging that be Omit*
be happy to see wit amicable termination arrited'ar, inainvordsm
' would extricate so many perms from the anberossenem" "sui
misery that would be 'stalled opal than if their chase bah M
the estate of Lord Alvanlay and aW on that of dlcavard :Veraibb,‘
were to be deferred to await ti.e event of a Chancery auk tuck
circumstances as were Involved in Ibis dispute. (Chests.)
Mr. Bvxwitga observed, that as every one of the Inanstbtance4
bad been assigned to Mr. Powell to attend thainheettahee, he *MIL
1 sethe n only party neseseary to bring Won the Court 411 mem* it
judgmets.

y

1
~ ~
i`
.y

L

Mr. Pow Kt.'. considered this conclusion to be wrong, becauxall
the debentures were charges upon the estate. He represented the
parties as to the judgments, but not as to the debentures.
My. STMTENo said, with regard to the value of the estate, he
*mnd by the rental that the unsold property was more than a third
of ea whole.
Mr. Pow ELI. observed that the property sold was infinitely more
valuable mm account of situation than the other,althougli in point of
rental it was not greater in amount.
Mr. STEVENS then adverted to the balance for which the war-
rant of attorney was given. and stated that it was ns distinct as any
atecount could be, and the first item was in if 1.20. Ile had not ex-
pected to hear any objection as to the negotiation of the bills. Ile
-would take upon himself to ray, that 31r. Kinnaird was satisfied
that those bills were not accepted for the use of Howard and Gibbs.
When the first of these bills was accepted. Lord Alnnley owed
Howard and Gibbs a larger ettm than the whole amount of them :
if so, he could not be accepting them for the accommodation of the
benkrupts. They were drawn to pay the annuities about which
Ive,rl Alvanley was an anxious.
Mr. POWELL had one objection to make to all three necounts.
It apptisred that 120.01101. was raised by Howard and Gibbs by
way of annuities. and by the accounts he had seen. the charge for
ee•omission was 10 per cent. The charge to which Howard and
Gibbs *ere legally entitled was five shillings per cent. to which
wit to be added the expenses. Ten per cent. on 1.20.000/. would
amount to upwards of 10,0001., and five shillings per cent.
tirmunt to about 61101.

Mr. Sit AW.—But_you must consider the stamps.
Mr. l'owru.—Then I will give you WOOL IM the stamps.
Mr. Straw observed, they were not there to justify the charges
'lnward and Gibbs.
Mr. Puler:cf.—No, but that was the ground which the Court of
Chancery would have to consider; and also to say whether it was
rota question of fraud. If so, it would then have to determine
whether these accounts should not be opened and the charges cut
dawn. This was the reason why he thought 30,0001. was an ample
atom to offer the assignees.
Mr. HOLLAND thought there could be no doubt the Court of
Chancery would open this account.
Mr. METCALIT.. after stating that his debt amounted to 606/.,
which was very foolishly, bat at the sometime good-naturedly in.
curved, being done to serve Mr. !Inward. for whom he had a great
esteem, and who always conducted nis hardness with great credit to
himself. although some of their subsequent transactions which had
come before him had net met with his approbation, their charges
being so eitorbiinnt, observed that it appeared the accounts had
been. sin:e theitolgtreit was entered up, and the claim of the ha.
I!eints: reduced from '22.2(10/. to 20.01101. he therefore appealed to Mr.
titevcas whether :he Lord Chanecllto would not open the account if
emmined sprit Cll.lTge% its Mr. Powell had spoken of.
Mr. STEVEN s said, it did not contain any professional charges
whatever.
e. rOWCI.L—But there was a balance brought forward which
wt. struck in a preceding account, and in that preceding account
t ie changes apptared • and Mr. Stevens knew, as well as him-
ll`, that equity would. open an account, however long it had bean
Mr. SrEs-gw; asked, whether Mr. Powell would leave it to any
•reetable barrieter to report the facts between them to the ere-
?
Mr. I:r:TcAur r said he should come to that presently. lie
c^...!!1 not, however, help thinking that every effort should be made
maid, if possitdr. involving the two ei,totes in an interminable
tit In Chancery; of which none who were present would be able
so ste the end.
factis dtw—msus Arendt..

atritte dies twet a'ri janua ditis
`••••al revocare gratlum, supecoque evadere ad auras
floe opus, hic labor est.
Aye. " lire opus hi: labor est," indeed. (Cheers.) lie had
S-..:mbers of people applying to him fur legal advice. for the put:-
rose nr,,:et•ing their little all from Howard and Cribb., and sorry
• 'lOO4 he h.- to see these poor creatures deprived of the chance
be a 5.1. t ii Chancery. (Cheers.) If any thing could be done for
I.„ar Illaw7rtl. he should he happy :—he could not say so much
Gibbs ; he wished he coedit. Therefore, lie should have no
eh,ecton to agree to an anticablc arrangement with Lord Alvin-
-1:y. because, if th-y were to go to Chancery, it would, perhaps,
'Are from Ir. !Inward that. lode which noglit otherwise be left
r 7 n4rist him in his Comte life. lie was afraid, however, that they
v erz by :he rejection of the assignees precluded from going into
I'l7 (location as to the propriety of accepting the 30,01,01. which
offered. so, they had only to desire Jlr. Stevens to get
earls% inia the Court of Chancery as quick as possible, and if in
h:, to get them out again. (A laugh.)
Mr. r::r rygs:s-1 have na desire to get you into Chancery. but
Teel confident that the eatue will not have justice done to it if we
take :19.11rIt's
Alt. Mr:cc:sire said, it struck him that the common sense of
t::e thing should have been for the creditors to have selected from
si-eng themselves three or live competent persons, as a committee,
i,aoire into the facts, analyse and reduce them to an epitome,
:.::I then hare called a meeting upon their report. and have conic
eta cersinsion upon i:. it was not possible for them to come to
:7y conclusion as the things at present stood. 'They had heard
%.:7e ststernent from Mr. Stevens and another from 3lr. Powell, who
not agree; haw then could the creditors, who kt:ew nothing
;:.e facts He had never seen case which appeared so proper
•s- a reference as this. if they did not accept the 30.001. the next
Pest thing was to refer the case to sonic legal gentleman.
Mr. Sil-NT:NS said, that as they hail a judgment entered up.
he did, not t:el jo.titied to accede to'tlr. Powell's offer to refer all
ricconi"s. Ile was willing to refer those unconnected with the
jiAzmert.
Pcn•tir.—That is, to exclurl., the very point in dinpute.

. ....a.
Mr. Mx:TcALFE said,;e he viewed the trtinsaction, it Was im-
p tssible Mr. Powell could have made any. other proposition. if
cc carried the case into Chancery, his opinion was, that the ac-
c:t:rost wmild be gone into from the beginning (cheers), and the
••:•el!. sifted to see whether there was any fraud at the commence.
en..t:t. Coon that inundation these accounts eventually must be
tried. If they did not Teter it they would get into Chancery. and
:elm thence they wetill go to the House of Lords, and then return
hack again into Chancery (a latiglo, so that no termination would '
be come to during their lives. His boy would not see the end of it,
kt:t perhaps his grantlchihiren might. Why not appoint their
crts Chancellor then ? Take the Attorney or Solicitor-General.
le: instance, and they would have all the advantage of
~:t.nel law and equity with a chance of a judgment, because
m awards there were limitations set to the authority of the
.; :;dr,ts ; but with respect to the Lord Chancellor. they could not
• enrpel hint to give a ontigment when he had heard all the case, and
_::.:dote" the multifarious business his Lordship had to transact,
it was wonderful that he accomplished so much as he did. For
t,retself. he would rather have 53. in his pocket than wait the result
arts Chancery suit to receive his whole demand. (Cheers.)
Mr. SHAW then said, those who were of opinion no proceedings
•,tight to be instituted by the assignees against Lord Alvanley and
n's mottees would eaPTCSS the sante by holding up their hands.
Every creditor in the min immediately held up his hand.
Strew-011 the contrary theirs.
A Cnr DTI-on—What, you mean for going into Chancery ?
(Midi laughter.)
Not a hand was held up.
- .

A Per some little disenssion A% to the propriety of considering any
:r.:,cr proposition at this meeting with respect to the settlement of
-.nest clime,
-- • - - • •

Yr. Syrumrs said the Lord Chancellor had decided that unless
tae propo►ition was expressly stated in the advertisement, no absent
r reditror would be bound by any resolution the meeting might come
to upon it.
Rtssrn observed, that if 31r. Powell would have the good-
; es.. to make a small addition to the 30,011111/., it it were only WO!.
I. •re, just to avoid the inconsistency of first rejecting a specific
m: and afterwards accepting precisely the same amount, lie was
•::re he creditors would muddy thke it, and be much obliged to
- • • • -

Mr. Poor EL t. replied, that if it should meet the approbation of
t! e creditors at another meeting, to accept 30.0001. and a Go
1 -dreds, he should certainly mommend Lord Alvanley to make
.)

OATS.
Stralsund and Rostock 10,535
Ilamburgh. . . . -
Rotterdam . . . 1,281)
Lmbden and German }
5,801
Ports . . .
Denmark . . . 1,100

18.71 k;

FLOUR.
New York .

6.207 brli.

Baltimore . . . 12.411 t;
Alexandria, Norfolk, &c. 18,624

Philadelphia
Boston
New Orleans
Quebec .
Danuic .

26,5114
1,1,02
1.460
16,672

8310
1,1229

'B5ll
2,271

12.460

3 713 brie.
LON
15.556

3119
3,419
3.052
13,630

03,475 40,00

.... .-.___,
tl.e proposition again. (Cheers.) 1
The meeting then broke up, the creditor; on their retiring ow. I Iteport of Irish Wheat and Data into Liverpool, in 1024 and
W heat. Oats.
1U1;
gratolating one another on the auspicious manner in which their 4'—
proceedings had terminated.
1024. 1825. I 1824. 1825.
-- -- •
if ESSRS. EVI?RETT, WALKER, AND CO. From Dublin, about -2----1.094 24,885 I T 1.700 15.396
,
---.lgaw Drogheda - 17.118 25,113 24.91111 30.483
We have great pleasure in publishing the following Dundalk - 12.947 11,1132 5.085 14.606
satisfactory Circular, which has been issued by the firm of Newry . 5.A7 2.204 29,3115 311 326
Messrs. Everett, Walker, and Co.:— Strangford - 12.554 19,704 510 2,1;911
"9. Mansion-House-street, 3d Jan. 1626. Belfast . 13.791 12,380 6,002 20.320
Coleraine .
The pressure of the times which occasioned the suspension of 1;1;5 3.202
Londonderry 31 1.001 16,098
our regular payments alto rendered some arrangements necessary,
which have occupied touch of our time. Sligo 507 300)7 58.438
.
Elllala - 15 22,049 36.267
" These irrangernenta have been successfully completed, and Westport . 1,010 618 27.1158 43.037
1 we have great pleasure to acquaint you, that on the sth of next Galway - —65 b 7.4512
• month we shall be prepared to pay you one half the amount
rat your balance (provided the bills under discount have run off); Limerick - 15,432 30.772 62,4420 758468
Tralee - 772 1,281 1.1.087 21,722
bn the sth of Slay one quarter snore, and on the sth of August
Cork - 10.00 12.617 21.136 11,549
1 ' the remainder, with Interest, at the rate of four per cent. per annum,
Voughal . 8,1130 5.1716 12,1141 4,5111
train the sth of February, on the two last payments.
We wish it had been in our power not to have trespassed at Waterford - 47.026 51.593 32.3111 7.315
all on your indulgence; but to render our assets available to the Wexford . 13,3111 11.7117
,„. 29.574 29.7911
v diactiarge of all the debts of the banking-house, time is indis-
pensable. Sundry Ports 5,001 7.447 .'. 17,:515 23,835
t , 187,000 215,700
300,700 522,400
" We are, your most obedient servants, ____
"EVRIETT, WALSER, MALTS?, Emus, and Co."
I IE Import of Flour from Ireland.
I
I - " In 1824 - - -00.0 n sacks
Itr2s
1 on Friday last, about three o'clock in the afternoon, Lis - - - 117,516
Majesty's packet Harlequin, whilst attempting to make the
Stock of Wheat in Bond in Livt rrnol.
harbour of Howth during an extremely thick frosty fog, Its 18.2.1 - 83,647 qrs.
took the ground at the back of the pier, before the direction 1025 - - - 78,300
i in which its entrance lay had been clearly ascertained.
The fog having cleared off immediately afterwards, the Estimated Stock in Liverpool, Dec. 31, 1025.
mail and passengers were landed without delay in Howth Wheat. Flour. Oats. Barky. Beans. Prase.
Irish, Canada, and 150 Qrg. Sacks. Qui. Qrs. Qrs. Qrs.
5 01X1 10,000 45,000 3,000 2,000 2,000
harbour, and every endeavour was used to back the packet
off the ground by means of her engines and warps, but old Foreign free
without success at that time, as the tide hail then ebbed Foreign in bond 78,300 36,8784 row _
considerably. The vessel, however, was subsequently
lightened, and as the weather fortunately continued very Eustace Fitzßichard, a Tale nj the Barons' Wars, cx-
, fine, and the water perfectly smooth, was brought into hibits an excellent picture of ancient times and manners;
Howth harbour without having sustained the slightest in- and, in many instances, abounds with pathetic and inte-
.
targ. and has since resumed duty.—Billinge's Liverpool resting events, detailed in language that evinces the author
,•• afrertistr. to possess the talent of elegant composition,
. .•
. .-k
. •
... • _ . ......
,_