The Sun.
London, England, 1824-12-20 00:00:00

(Mr. illontaguis) only object was to prevent delay, and need-
less charge, as tar as poSsible, to 'the estate, which' had already,
he bagged to say, Itili,ollo/. in cash ready to distribute. among
the claimants.

tour; wished to add, ati far possible, to that fund,
and would at once state his object. On the Saturday on which.
the house iiiilerners.strect hadatopped payment, a number of
promissory notes and bills (to the amount of near, 10,0001.) had
been put into the hands ore particular-gentleman (whose name
he would not mention) by Mr. Btracey. Those bills were to
be discounted on account of the firm ; now he (Mr. Knight)
had information' that sonic of these very bills had been since
paid by the acceptors; and not paid on account* the estate of
Marsh and Co., but for the private Account of the holder—that
Was, of the person to whom they had beey committed. ,iie
wished' at once' to ask Mr. Stracey, What consideration had in,
duced him to deliver out those bills on the day of the bank-
ruptcy ? Ho* came it that the pat ty to whom they had been
delivered fur the purpose of discount, had, been in
,possession of
one Of them himself, and even received the funeunt of it subse-
quent to the failure?

31r. Straceyls solicitor here came forward. and intimated that
his client was perfectly ready to answer those finestions.
Mr. MosrTAGt; said, that lie still, for the sake of regularity,
opppoe►sed any answer being given.
Mr. MA VII EW (n Solicitor) said, that Alr. Montagu scemtd
acting as Counsel for the bankrupts, rather than for the assig-
noes.

Mr. MONTAGU denied that he was doing so, and insisted
that sonicthin6 like rule inust.he adhered to. The imputation
now brought iorWard was not one of concealment, but of frau•
dttlent preference. As a charge of preference, it was not only
the invaluable course, but it was of the highest importance to
the creditors, that any examination as to it should be private.
Mr. KNIGHT and Mr. MAYHEW still urged the advantago
of immediate inquiry.

Mr. .111ONTAG11.-1 shall resist it : and I appeal to the
CotllroistilOtWrii whether lam right. But the fact to (now. Vet
have named your char,,e) that there hi nothing to inquire
about. Ire have already the examination of the gentleman
—Mr. Burton, a broker of high respectability—to whom you
allude, and to whom these bills were given. The fact is, that
at the last meeting here, Messrs. Lafitte and Co., the Bankers
of Paris, tendered' proof against the estate o' Marsh and CO.,
upon a bill which bore the name of' .Mr. Burton, as an endorser.
At the moment when this claim was made, it was nut quite
certain whether it would be admitted ; and Mr. Burton (till the
point was settled) tefased to give up some of the bills to which
you now refer, conceiving that he had a lien upon them. It is
now clear that Messrs. Latitte's claim on the estate will be al.,
lowed; and Mr. Burton has agreed to deposit the bills under
the joint commit] of the assignees anti himself, to be giveti up
as soon as he shall be regularly exonerated.
It was then agreed that Mr. Knight should call on Mr. Gor..
don, the solicitor for the commission, and have liberty to read
Mr. Burton's examination ; arid some conversation ensued
about the furnishing papers on various points, which was stop-
ped by Mr. Pollock's coming forward with the balance-sheet of
the Bankrupts.
The contents of this paper stood as follows:
CLAIMS AGAINST THE lIOUSV.
For cash balances - - £3115,170 2 10
Amount proved under the commission not op-
peering to the credit of the parties - 06,73.1 10 tl
Ditto of claims expected to be made, but not yet
established (This item necessarily imperfect,
but comprehending all at present known) 72,244 3 1
Balance of Mr. Marsh's private account 1,940 11 3
Mr. Stracey's ditto , b,261 3 2
Fauntleroy's ditto - 14,716. 18 3
Bati debt fund, being the amount carried from
profit and loss after the proportion carried to
the credit of the partners, to meet the loss on
Harrison anti Co.'s, and other accounts - tG,052 ll I

Total of claims

£832,723 U II

ASSFTS TO 31EE'l"fliE ABOVE.

By Cash at Martin's
Ditto iu Berncrs.street
Returned by Miss Marsh .
Ditto by Sir Edward Stracey
Stock and Exchequer Bills -
Bills discounted, dconctl good
Debts deemed good
Bonds and annuities ditto -
Mortgages and life policies -
Reversions and shares in Stock Companies -
Houses and ground rents -

.111,17214 3
13.373 13 8
5,000 0 0
4,141 10 0
' 2433 0 0
100,3511- 6
179,7:9119 9
62,313 16 7
12.377 9 0
0,•'511 0 0
411.035 0 0

Good assets - X 455,100 a 10
Deduct from this loans by the house secured
by deed

50,275 18 6

• Available
By doubttitl debts -
Doubtful promissory notes and bills
Bad debts -
Bad bills and notes -

- X 398,933. 13 4
- 9,116 1 10
- 13,272 9 6
- . 121,845 0
10,050 2 3

Total of usaets good and bad - £662,023 0 4
Leaving a deficiency (assumed to be by claims
on the estate for non-invested Stock and Ex-
chequer Hills for which the house received
no value)

00,105 0 7

X 632,720 0 11

Mr. POLLOCK, having gone- through this account, begged
to say one word more upon the affairs of the bankrupts ; par.
ticularly as relating to their situation at the time of the failure,
some years since, of Messrs. Brickwood and Co. The shoat
history of that case was this :—At the time of Hrickwood's
failure, Messrs. Marsh and Co., had held paper of theirs to the
amount of 140,0001. Of this sum 45,000!. had at once turned
Out to be good ; and subsequent payments had reduced ate
actual loss upon the rest to about 60,0001. To meet that loss,
and the pressure consequent upon it. the friends and partners
of Marsh's house had brought forward additional capital to.the
amount of 130,000/. Two further sums of 20,0001. each, were
allowed by two gentlemen to remain at the same time
as cash balances. This statement on the part or the bankrupts
would not be deemed irrelevant, considering the reports which
had been circulated M to the state of their house in 1010.

Mr. M Ayn LW begged to ask how long this additional capita
brought in had remained in the hands of the bank ?
Mr. PoLt.ocx said that a statement on the subject should be
prepared.
.111 r. MaynEw further wished to know what Wil9 meant by
a variety of entries in the books of the bankrupts, signed 1..
only. `That did those hieroglyphics portend ?
Mr. MONT./Mit said that it was not very difficult to suppose
what the letters iI. F. in Mucha situation would mean.

Mr. Mavitrw then begged that an account might be pre-
pared of all monies which had been brought into the, house
under that signature F.), no notice being taken at the
time, as far as it appeared, of how they had come in, or where
they had come from.
Mr. KNIGHT. also, on the part of his client*, wished to have
a statement of all sums of money which had been received by
the house since the month of January last, and of the manner
in which those sums hail been applied.
The Counsel generally for the bankrupts declared, that to
whoever would apply, both the assignees and the bankrupts
would be happy to give every information.
Mr. 111Avirew said he was bound to admit that all his in..
quiches had been answered in the most candid manner.
Mr. Mo s T Ati u repeated that the assignees had -1 OAO/.
ready in cash, the moment the law would allow J 1 dividend to
be declared.

Cretlitor, whale name we did not learn, paid that ftesup.
posed the 391401. good assets were estimated independent of
any claim by the Bank of England.
One of' the Assignees replied in the affirmative.
Critditor.—ln that case, if the Bank claims for 25Q10001,
that awn will be diminished

..liii. ii a- NTAG tr .--- iiir;unl y ; but I believe we have very
little to apprehend on that account.
The meeting was then di:dared to be adjourned.
turned oot to
From the above " belance-sheet" (which comes a i the state-
menttassetsg 1
w oi fv,ithathessebepttisronvikvrejuisr
28th of September, vim substantially correct. In that account
he b 62,000/., being an excess of 8,000/. to the benefit of the
reotstnliietawnsfitgutiTittel4e,a,opmiaptei.a.trhntenhdant
they turner]
esettai
ttitg•m:::ii statement
the
estate. An error as to the estimated amount of claims crept
into the published accounts; 100,000/, taken as the probable
amount of stock claimed for, not invostcd, was omitted in the
full sum.—( Dimes.)