The Sun.
London, England, 1822-12-16 00:00:00

HOWARD AND GIBBS.

IN TILE MATTER OF MESSRS. HOWARD AND GIBBS.
Saturday the Commissioners held a Meeting in
this case pursuant to adjournment.
Mr. WYLDE, for the Assignees, said that at a former Meet-
ing it was decided by the Commissioners that the Bankrupts
should, fourteen days before the present Meeting, deliver in
their accounts. Very large accounts had, in fact, been fur-
nished by them, which required time fin. examination at the
hands of the assignees : he therefore submitted that an ad-
journment for a fortnight should take place. In the interval it
was to be expected that the Bankrupts would be ready to give
any explanation that might be required of them.
:11r. i'OLLOCK, on behalf of the Bankrupts, said he could
have no objection whatever to accede to the proposal of his
Learned Friend. He was glad it was at length admitted that
the Bankrupts had rendered substantial accounts, and that they
had complied with the direction of the Commissioners. It was
material for the Commissioners to know what the nature of the
accounts were, and what the Bankrupts pledged themselves to.
The accounts stand thus :
The joint estate of Messrs. Howard and Gibbs - £12,500
Their good joint debts - 124,657
Mr. Howthrd's separate property - - - 57,952
Mr. Gibbs's ditto - 6,000

Making a total of - - £201,109
The demands upon them were as follows :
The sum owing jointly - - - £125,600
Mr. Howard owed separately - -
- 8,199

Total - - £133,799
There was thus left a balance of near 70,000/. in favour of
Messrs. How Alto and GIBBS, after paying every body, and
including the claim of 43,0001. by Mr. GitimsTEAD, and that
of 10,700/. by Mr. CARROLL, both of which were disputed;
and in the event of their not being substantiated, the surplus to
Messrs. 110 WARD and Ginns would be upwards of 120,0001.
After stating these items, the Learned Gentleman said, that
all delay that was not necessary was to be avoided. If the
statements he was instructed to make were at all correct, this
commission could not close without a feeling of regret that it
should have been issued.

Mr. MONTAGUE followed on the same side.
31r. WYLDE said, that the false and exaggerated statements
now put forth were intended for the newspapers, and such state-
ments only increased the difficulties of the assignees. When
it was said that there was a surplus of 70,0001., it was his duty
to say that the statement was fallacious from beginning to end :
he would dispose of that 70,000/. In a word, 40,0001. of it
consisted of debts set down to people who had actually proved
as creditors ; and the remaining 30,0001. was equally founded
in error.

Mr. MONTAGUE rose to reply, but the Commissioners
ruled that he had no right to address them after Mr. Wylde's
reply.
Mr. TREBECK asked the bankrupts whether the accounts
they put in were those they intended to abide by ? They an-
swered in the affirmative.

The Commissioners then appointed the 18th of January as
the day of the next general meeting.
Mr. Mo N TAG ITE hoped that any meetings with respect to the
investigation of the accounts which might be held between this
and the 18th of January might be considered public. It was
for the interest and character of the bankrupts that they should
be public—they wished every thing to be public. He could
not sit down without denying in the most positive manner,
that any thing that tell from him was intended for Newspaper
publication. He stated, as was his duty, the facts of the case
to the Commissioners.

The Commissioners said, that with respect to any meetings
that might be held between this and the 18th of January, they
would deal with them in this as in every other case.