The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-29 00:00:00

TO ADVERTISERS.

We beg respectfully to call the attention of
Merchants, Brokers, Auctioneers, and others,
to the important fact that the

LIVERPOOL

STANDARD

can ei
of M

A most important security for the commercial
public is proposed to he given, by a clause which
renders it imperative to register all mortgages,
grants, assignments, bills of sale, &c.; which render
a debtor's ostensible property unavailable to bis
creditors ; such registers to be made in the county
or district where the debtor may reside, and a copy
to be filed. in a general office in London. Such
registers may be inspected on payment of a fee of
Is. It is further. proposed, for the more facile relief
of debtors, that a person in embarrassed circum-
stances may at any time, and whether in or out of
custody, petition the court, and procure a vesting
order to protect his estate against hostile creditors;
and on filing a proper schedule or balance sheet,
should be permitted to proceed with as little delay
as possible to his final discharge and certificate.
Mr. Laidman also recommends that the absurd and
unjust anomaly, by which a fraudulent bankrupt is
punishable by transportation for life, or imprison-
ment with hard labour, whilst the equally fraudu-
lent insolveht is only punishable with imprisonment
for two years, without hard labour, should be got
rid of, and a more consistent course be adopted, by
which the punishment in both cases should be
made the same.

It is proposed, further, that both debtor and cre-
ditor should have a power of appeal to the Vice-
Chancellor, whose decision should be final, unless
Wild report the case specially for the
Chancellor. The present power of

that judge s
decision of

appeal

House of Lc
Without t
Mr. Lai(

livision courts, and ultimately to the
s, Mr. Laidman treats as unnecessary.
ing in our adhesion to the whole of
lan's views, we can recommend his

commercial r

reform of t

regarded

BIRKEN

On Sett
Is held a

I that by

to whom the simplification and
laws of bankruptcy must shortly be
work which can no longer be deferred.

), LANCASHIRE. AND CHESHIRE
UNCTION RAILWAY.

meeting of this company

ead, and was nume-

7ed that the traffic had continued to in-
half-year : savings had also been effected

£1,200 per annum—
ling of the new £27 10s. shares through
[,:e, a further saving would be c&ctect of
irectors purpose to make legal calls for all
,ey in arrear, in justice to those who have
1 best serve the shareholders by prose-
works on the line. The amount expected
I enable them to open the traffic between
trringtonin autumn, 1849, and soon after

ble extent

Several resigna-

n place. To supply these va-
Lrs. J. Bancroft and W. Gibb,
srs. F. Shand and J. H. Ray-
en secured to the board, and
ich one of the directors has

1 attention to the in-

the accounts was read, and the report

Hostage, relative to the

in the balance of £166,283 6s.

), debt dne by the Birken-

Wurehou

nipany

Several share-

opinion that there was no clan.

w-clerk, said he was not in
Ale, and he had taken legal
was no clause to authorise

Then I have to move that the report
Here is £50,000 lost to
lance, which I thought
out to

Ad, but which turns

rdinary manner,

Fe not

,een made by the

of that sum, it? ne-

r)IaUS,

to a questfon. that the pro-

ver t
Ne Company