The New York herald., 1844-10-29

Der. 2s.-Tn re William Redmond an applicant for
discharge under the Bankrupt Law Ho Is opposed
to be due the part of the applicant and which
they aege to have been raudulsntly obtained from the
Bank in June l84l time when the applicant and
90 partner named Laan were insolvent and unable to
meet their liabilities II appeared that for years
previous to June s4 the applicant carried on business
under the firm Of Redmond and Lafan" and had exen
sve dealings cotton in the Southern trade and that
firm were in the habit Of paying IN bills which were
Mr. BosrEy appeared on the part Of the applicant and
in his opening remarks undertook to show that there
grounds the part Of the opposing creditors to
sustain the objections made against the applicant The
various exhibits before the Court showing extensive
dealings Of the firm with the houses Of Gould Hoyt and
Co - " Gay han and Co.." and various other houses OF
trade proved that there grounds for their allie
CATION. Mr.. Bonney here read long statement Of
counts between the houses Of Redmond and Co." and
several in the Southern trade with whom they had deal
ings, and contended that the state Of the accounts
made II manifest that no fraud was contemplated on
th part Of the applicant 70, % whom ne ne " was engaged
party thereto a. Laan the partner the person who
had transacted the business agent for the firm South
they obtained goods bills in the ordinary mode
Of business having previously transacted large amount
Of business IN the BANK Of south Caroline They ,ssu
bsen proved that Lan made false at the
date Of the transaction in ls4 to frsudulently raise
ney II was not shown that Redmond ever recognized
such q statement to charge fraud upon him. Redmond
did not fern copartnership for the purposes Of fraud
He entered ns the coparnershp for the purpose OF
very curious feature in the matter was that the Bank
Of South .Carona, the creditors came into court and
allowed Of the frm Lsfan, to be discharged, and
shut their mouths against him, whilst they opposed
Redmond for what they alledge to be raud-Redmond
who had no direct negotiation with them II had been
suggested that this compromise between the Bank
and Lafan The Bank had come into Court and made
themselves public prosecutors and should be recollect
ed that though the fraud had been charged originating
through the agency Of Lafan that Redmond trial
alone for the fraud But suppose the fraud actually
contemplated, the Court would please 10 bear In mind
that by the fourth section Of the Bankrupt act,
page this court could take cognizance Of sny such
matter in relation to Of bankruptcy, the court
would bear in mind that by recent decision in bank
ruptcy II was held that If the parties had actually CON-
menced stolen property and afterwards come into
court they would just be az much entitled to their dis
charge II they Fad come into court In the ordinary
manner, far as the powers Of the court consu
ted. They had the opinion of the court direct this
point The next branch Of the case in relation to ndv
dual preference which had been charged against the bank
rup he contended could not be made out The Learned
counsel here entered into detailed statement of the mat
ter Of account between the bankrupt and Of the
dors contendipg there nothing In the various deal
ings had between them and Mr. Redmond TO the
conclusion that fraud contemplated the Court
ordered an adjournment.