The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-31

Do. per Norma, p and O. SUNNI. 1899 II
Total shipped to close Of week .... 1,27sos9 10 Is
The Recent Commercial Failures.
The recent commercial failures at Liverpool continued
to occupy attention. the that they have had dis
astrous effects in Ireland (see succeeding paragraph
Conflicting statements current with respect to the
probable result Our Liverpool correspondent is enabled
to state-and doubtless reliably-that trust deed is
being prepared and is nearly completed in the a.
fairs of Mr. Edward Oliver, and will likely enable AL
debts to be paid in full with large surplus remaining
for Mr.. Oliver Mr. James McHenrys affairs are to some
extent involved with Mr. Olivers but good result
anticpated-much better than the public led BE-
Ieve by the London Times.
The following appears in the London Times Of 17tt,
with reference to its remarks of tho 14th inst.:-
On Saturday notice posted the Liverpool Ex-
ver to the effect that the statements lately inserted
The Times regarding his position were incorrect and
their appearance was the cause Of much unntention
to supply the commercial public with that information
which necessary from day to day in relation to
to amount to FL 600 OOo and next to counsel ali Who
might be interested not to allow either themselves
ceedings, under feeling of panic at q time when
there is ground to hope that an easier money mar-
ket is approaching The constant reference to ths
matter long there anything to communicate with
regard to it is duty which be departed FROM
and the only thing that be done to lessen the
painful circumstances Of this kind must create Is to
caution IN avoiding every idle rumor, and to rem0n
effort has proved useless This course has been pursued
throughout and notwithstanding the allegation Of the
trustees no inaccuracies have been inserted The first
reference to the matter the 9Th inst when il
stated that although the bills of Mr. Oliver had been
turned 1t hoped his assets would yield surplus Of
f300 00O and that If this should be the case ample
sisance would speedily be afforded hman event much to
be desired since his suspension IL permanent would bring
had been appointed and that although many contradc-
tory reports In circulation there increasing
belief that the required advance would be obtained AZ
ter this 1t announced that arrangement
derstood to have been planned by which Mr. Oliver
to surrender certain number Of his vessels and to be
relieved of f400 600 Of liability. Subsequently however,
doubts were expressed as to whether this could be
carried out, and finally 1t was mentioned that the
affairs Of Mr. McHcnry, with whom Mr. Oliver had
been connected, had been found to present q most
unfavorable prospect, that they had been brought
into Chancery by some relatives and that in
entertained of good arrangement seemed to have
abandoned. The whole of these announcements con-
literal truth. Those among them which referred f.
vorabe anticpations, came from supposed to
have the authority either Of Mr. Oliver his trustees,
and, place having been given to them 1t necessary
that equal publicity should be afforded to all that subs
qucnt tended to less favorable termination 1t is true
about an BY which the assets Of Mr. oliver
be realized in the best possible and the sao
ces which would attend any other process may be avoid
ed but this, although doubtless good arrangement 70
far every good which is tho best under
the Is not in accordance with the expso
tations entertained when surplus Of f300, CO., was
ships sold expected to get them back At cost price ana
thus to settle all questions. IT, after having mentioned
with qualification the prevalence of expectation
the Times had concealed the fact of their having bes
abandoned there would have been the strongest ground
for condemnation The trustees Of Mr. Oliver are ali pos
sessed of too much commercial intelligence to deny upon
reflection the truth Of this They will also understand
that the recapitulation given does not proceed
from desire to question the spirit Of the notAe
they have just issued, but is intended simply to
show them that that notice Is erroneous For their
erons to prevent mitigate the evil that would arise
from abrupt winding up Of the affairs Of Mr. Oliver
tn: public mot Sa Of but
may be their degree Of success, The Times have NO
feeling but one Of satisfaction In recording II.
Mr. W. Gardner, who Is stated to be relative family
,onnexon Of Mr. MHenry, the following is from tho
Liverpool ADion:-
Ss s:!9ss
e suit In :ssins Mr. Oliver 70. he
ssS :ss's:s
IN *:
kxsser have sirsaian but sSsss Il Us
hands q the ustes: viii given ths others
sy Mr Oliver in July and August amounting 70
isss1s
GARDENERS Is by single instance Of nams being
| lent without security consideration.
THE FAILURES IN IRELAND.
The commercial intelligence for the week just closed Il
OF extremely unfavorablc nature The Liverpool fall
have told with disastrous effect upon some Of the
leading and provision merchants Of Dublin, and in
addition to the enumerated In the annexed trade
report extracted from the Free1dNs Journal several
firms are spoken Of as likely to be sufferers In an equal
degree che which Affairs have taken In the cas0
| of Messrs Oliver and MHenry 1t u also more than
probable that the blow thus struck will fall heavily
several OF the leading provision houses In Cork and Lime
rick Since the fatal railway panic Of 1sA6 trade In Dab
LIN has not received complete arrangement ~ has
sustuined BY this unexpected shock, occurring ~ did
al juncture which might fairly BE- regarded a. the pros
porous point for all parties engaged this Ircandl
| ppecuIiar. II mot sole, branch Of commerce.
the week conditional . resumption by the English
houses They were followed by the highly respccSabs
house OF Perrfns Wright who, on the 18th instant
notified TO their correspondents that they would tempo
rarly suspend trade report that Messrs Perns
and WriRhps liabilities are estimated between E5OOoo
and 100000 than half Of which IL said 10 b
paper on Mr. wHenry and others in England, and IL i
alleged that they perrins 4 wright) would have NJ
dincuty whatever In arranging with thor own trade
creditors renders their peculiarly painful Tia
other failures which have been publicly spoken Of Ia
nexon with this disastrous crisis Measrs Corcosan
and Casey the Lofts extensive corn merchants ssrs
Keogh and Reddy Hendrck street. the provision trade
very large scale, Mr.. james Whelan, Of Thomas
street and Mr. Michael Smith, OF Copper ANtey both
wholesale provision The liabilities Of Mr. Smith
are stated to be between f15ooo and E1yooo, three