The New York herald., 1868-01-30
ENGLAND.

The Peto tsir Morton) and Belts Bankrnptcy-
Expenses of Gigantic Contrnctors-Tbe lie.
form Programme.
(From the London Star, Jan. 49,.
The balance sheets OF the eminent drms OF which
Sir Norton Peo a-partner placed before tho
Bankruptcy Court yesterday. We sorry cannot
tell auy curious readers how lhs affairs exactly stand
and nobody else can at The present moment. There
vast arrays Of fgurcs bringing out debts and credits
gigantic that wonder men could sleep in their beds
under tbose responsibilities There were two 6rrns
and three partners and neither the rms the part
ners would condcsccnd apparently 10 deal in anything
under six ngures In tho pound column Nsssra Peto
4 Bets had 10 The cred!. Of their profit aad loss
December 81, 1853 454s 9i2 Sir Morton
Pete personally worth AZ he period Ei67 000
Mr. Bets, E5S5 0OO ana Mr. Champion 9S3O 000 Thus
these three partners had amasssd by their industry
Impossible 70 say how thoy stand tor In July last
wnen they were forced 70 tho sad sep Of placing their
Affairs in bankruptcy, the wealth. OF the partners
sarly depended upon the state OF the Affairs OF the
firms, and tho firms md suca Liabilities hanging over
them as ds6 000 for loans TO tho London, Chatham
and Dover halfway, for when Poto. Belts and Champion
bad become security, and four thousand shares OF
the Imperial Mercantile Credit association There
details evsn in the accounts which probably may afford
heIrGsss sc,ibss msterals for gcoilng remarks
against ,hs liberal hearted partner who is chiefly known
10 public. II ID well that the facts should bs
known, Ter tney reject nothing but honor cir Nor
ton Pet0 For three years aad half his subscriptions
and chartl,s amounted to f.3 00o while his house and
personal expenses Sg2, 500 Looking at tho hugo
balances In his favor no ons can rightly ASSERT chat Sir
Morton not justified 10 performing these liberal
deeds but how few mon, With large balances in
their favor, have the b9art TO initiate his example
At spcclal meeting o. the Refofin League Council on
the lTtil the following resolutions uers pass,d -
That tho president be requested to limit the discussons
o. tho council TO ts present programme namely
To repeal The rate paying clauses ot the act or las,
session.
To OBJ ain Cor thc,yoter the protection Of tho ballot
To obtain jus. aud good reform bills for Ireland and
Scotland,
TO asss. the voters in getting on tho register
To aid ia the Of radical ormsrs to ParllA-
ment
To obtain equtAbs redistribution of ssats Second
That sab.comnittce Of five De appointed to consder
recommend ls BEST the league adop. on
Irish question, under present and 70
report. 10 this Executive Council.
An important oonfcrenco on the question OF public
education had oaen held At Manchester attended
by Largo number of mombers OF Parliament and 0ihse
Iufuonai hlsn. resolution adopted 70 insert in
the bill 70 DO submitted Parliament ths year clauses
ntorcng tho attendance school OF neglected children
The Rov. Newman Hall had been giving lecture a.
nr spurgeons Tabernscc. in London. upon his recent
visit u America.
The London Army aud yrgy Gasst. SAYS OF tho Abys.
sEian expedition that Whatever its progress may
qge certain the hopes expressed q ITS rapid abandon
men. u HE country canaoi be realized.