The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1869-04-17
Overend, Quincy & Co.'S Affairs.
An Eminent English Financier.

LONDON. Saturday, Jan. so, 1SG9.-After an
examination which has lasted nine days. six
Directors of the great banking house of Overend.
Quincy y Co. have been bound over for trial mt
the Central Criminal Court, for frauds amount
ing to $4,000, 900. Each protested his inno-
ccncc. and each gave bail IN SO, 900, with two
%sureties of E5 900. The entire bail amounting
tO El20, 0O0-S600, 900. Tedious as were the
details of the examination, with long statements
of figures and complex financial operations. the
close was highly sensational. \ great crowd col
lcctcd in and around the Mansion House. The
audience cheercd the decision of the Mayor and
the amount of bail. The crowd took up the
cheering in the street, and one of the witnesses
was groancd, pclted, driven to take refuge in n
cab, and finally bad to be protected by the police
from the Indignant public.
This witness, one Edwards. is n case. He is a
gentleman of high character and position, such
as we have n great many of in these days. lie
holds Il public Office q: the highest trust, that of
Public Assignee in the Court of Bankruptcy.
In this capacity he has n salary of $40, 600 n
year, receiving the proceeds of the estates of
bankrupts, and distributing them among their
creditors. From his financial position and knowl-
edge lac was engaged by the late house of Over
end II Quincy, to give them advice in regard to
loans, etc, ut n salary of so 600 Il year. He
found time, also, to become a Director in Compa-
MES, and to give his valuable assistance to persons
to whom Overcnd Il Quincy made heavy and dis
astrous loans, and from them he received some
SlO,ubu Il year more. WIN OccdslOnal presents.
such as Il yacht, or such tritling token of esteem.
lie knew tie secrets of great Companies and
business houses, and made his knowledge profita-
Bile. Oycrcnd K Quincy We're in his power. so
that he could, rs one of the firm saws. have made
them put up their shutters in twcnty-lour hours.
before they sold their bankruptcy for several
millions. When, at the close of the first year of
Mr.. Edwards valuable advice, or more valuable
silence, Edmund Quincy handed him his salary
Is 000-he received it with thanks and ex-
pressed the hope that his connection with so re-
spectacle Il house might not be considered as
ended. Friend Edwards" said Mr.. Quincy.
with all the s~oftness and some OF the slvness sup
posed to come of Quaker breeding, 3 Friend Ed
wards, | don't see how we can do without thee"
Here is a man receiving an income of $50, 900 or
S60, 600 a year, chiefly for bad advice, or for
holding his tongue, who appears by his own re-
luctant testimony, and by his rcticences and for
gcttulncss, more than his admissions. To have
been taking brides on all sides and bctraying all:
trusted by Government. borrowers and lenders.
companies and clients; paid by all to protect one
against the other; levylng black-mail all round.
If the Gurneys are sent u penal servitude, from
Mr.. Roussell, late VI. p, has Just been re-
leased on ticket-of leave, on account of continued
md hopeless illness, what ought to be done with
The iinancier of the period, Mr.. Edwards?-N.
Times.