Bankruptcy Of Messrs. Mar...
The Times, 1824-09-29T00:00:00

Yesterday nwfrn sne. pur.-sia)t Lt notice.the irt trmeeting of the etae isorue of Mlessrs. AMairch. Stracev. Fauntleroy. and Co., took place it- the new court at the back of Ouildhall. The room ras filed soon after nine o'clock in the ttiorniug by pelsone (chicBy shopkeepera from thie parish of Alarylebone) tesLifyitg niuch anxiety for the result. The mliscbief, in getaral, done to tredesoten of smel8 capital seemns to be very heavy. At ten o'clock burinerss commenced, before the Seventh List of Comenissianers-Messrs. Lasw, Spranger, andt Beauclerk being present; .Ir. Basil Morntagu attenIed for tihe provisionai assignee. 2ir. John Clark, Mtanaging Director of th;e European Life Ingur- anice Companyr., desiredt to prove fir 47,ML01 The CoM{Iat st.tIOs'EUs expressed thernselces rather doubtful, as the European Insuraltce Company wais cOnst itutedl. wthetltr Mr. Clalk was a comnpetent authority to erove. The poiRt eves.rually itOod over to a future neeting. Air. S:rarey hirnselt was oe ofthe directors of this GLo-pany'. The Treasurroft' the Aary!ebone lnfiornrarv 1c to rave for 2ltOOl. This proof' was deferred *ile that in thie fornrer case, unti it shouldti be clear that the treasqrr wavs t!e legtd clai-nats. A Mr. . .iJohnsun its! i:n a clai:n for ExcheljeE: -bilk to the satouttt of sevtral theusand pKunds; tie !tvi'v; paid! tht rTnaTWY into the housc at' iJessrs. Marshl an:d CGov fr tit, parch.seof b.t- cheouer.hills wh,ich were no: now forthcut-- ohe s OM tVT Si Yl:R Sfaid it would b e: <- -- :r in- stance, si ascertaip tha1t t'.ebills wete riot 'lit hi,'.' - 'oItc; if' thev were so, t4rs 'wo'zd be fre. .lOt:.oe.'a. '. .Ahid muat altogethier be telivereti up to him. A clerk of illessrs. Mfarsh and Co. titcr said, ti,.W be Iltisced tihe Exchequer-bills wcre not to be fin:nd. 'Thiey l!ad. . c' -r. beet purchased-there was eviden',e to that ef vet. Mr. 31 oxrT AuV said, tihat in that ca,i. rit- pe - ab- straite It becit wotld bet iable for the er ler ,z; - t -, loser was entitled to prove as for a debt, iotwvi'ats n : The Cotatis,tox?.R' were of opt.nt a'. - .- Cl:-st'n that .Mr. .Johntson would do well to defer his cl-n for the present as bv proving for the Excbequer-bills as a debt, he would wave hsO right to the wvhole possession of therm it they shouJd be discovered. Air. Johiitsot then proved for a balance of 4401. only, leaving hbe qtiectEoti: as to tltb arger utnsourt (lpen Tor the present. Thirec or tohur other claimns wtvre mrrade with respect so Exchequer. ')ils : anl there scets;rd to be no instan)ce ir; whtlit property of' tiht kinth was forthcoming: thev were all arranged, for tltc tise being, in the same wray as that of iir. Johnser. The clerk whio appeared witv. :he booles cf the tirmu said, that A'll the business of Exchequer-bills hrud been left to the charge of Ma. FPaunt!.-rov. SMr. Fatrmleroy was tbe only rprson who could give- nil), ce'tain ttoi ot;t, to -what had or had nul beer done as to' such seEslritie. Several credilors cxpressed n wisth that acess tuight bt liad to tne books of the biank-rilts: but theNomnti:sioners intinmtd thait no order could be made tc' tbht effect. Msr. Montagu said, that the spti titioning creditor vas readyv to answer all inanirics. as far uts ;le had inibrilartion. .As to thc property. however. n theshape of securitieN, tEtele was great difficulty in ascertaining a,y thing accisra.r'.y. A clerk (we believe' conneeted witi tlt' house, said that there was vetr' great diflicults- in tSraing that class of property. iacsan- securi- ties probable hati been lodged, of hi ch there seas no record at all. A short sketelt, in figures, of the probable state of ihe afTairs of the house. was theni exhibited, as made op by the petitioning credi- ter. At tirst it was handed round the table: but a general outcry arose to ha:ve it read. TheCrat o rt 5s a9: n sE3 objected to having such a documenit rea(d as a-nyi part of the urocerdings ofilse day. It wa s not official, and rright, lea;d to great rnimtppreheution. Eventually. the call if itle room prevailedl, nd the paper was read; the Comrniiis'iiaoers stating dietIteLtV that they gave it ito cnusteranc'a as ati account to be relied on. TCe readiner, One way or tt:e other, was a tnatter of little Consequencte; for wl:tl- tiit a.gament went on, it was coltied in 2ti laces. tn this balance.-hees, the claims liar bills ant mone;') against ritelholse, at the tme of its 5131'pnig jaymest, aerc pot at sonethittgc sheet of .P J70II0J. This was stared. hor-:e er. to be exclusive of al clatt:is on sile s.ore ot Exchei,uer-bills or ladtla-bords; also ex. ch.sie eof att cClaims which might be set up by the Bask cf' Eng- land; aIto indeclped(ent of atll stork transac'.ions-(tlIa: was, where monry had been received foer ite purceitere of' s:sk. acid abstracted, or 'flihezzled. ir applied to o,ther purpcse.-d)-;n short. to use tile words of the vetlcnman whio produced the paper, " exciusive Pt alt fraudulent tranelctiotiis whatever." (on tie sco-re of Exchequer-bib;s. t,iere reete ieadi'e claims to trIe aitourt otf95.0cItl. tsshethler this salt inclttded the cletmis oreferrel1 at the rneeting did not appear;. t:.: farther el.imis tiere might be on the sctre of Exrhequer-bilis enr oiler securities, or Wito reaperc ro stock ordered to bh ;.ttrehased and not purchased. could t -t -s vet bvasecr:a, ied. Il.Fastliereor, however, (it svas said). upon Itese points ro:letelv exculpated fits prtiters. Al.. l,A' s atd that he could net allowa statement to lbater ecssics be i;ade. It wa-F the durr of ite Court toi see tItns MAr. Fau"stlcrony, in his ab'enc, waeas not prejudtced. rte. AM 0o, 'AG 7 s,aid that he had a ietter in his possestoti Irota Air. Faunriiency distinctiy to tkat eflect. The bslaincc-ahect was then proteeded II; . a-:d is we- heard with great satistartioct, that so mieet trie existing '!aims cf 4608{0lQ!., AMesrs. Mseslt and CO. had assets. in cash and securities. to Ltte amounit of tiore tha!t 530,(001. This state of things was exptessly deceiaid to he matde out bv takitig ti,e assets of the firm at their hItihest, and the debius against it as their lowsest possible Value; be', notw ithistandtinK tite apprehension of su2b.sequent clainms. tle general sense oi tlie-nmeeting certtuii,lr ws, e hat inatLers weere better titan hal beelt expected. 1JiTe .sketch," or rough balance-sheet, exhibite-t Was- a. :termit atid fitres, rcally as, follows TI etaitlisi outstanding for cash and bills ?3R; G488 Claims :s to Excheqtc-r bills alreatly tiMIL IG.UA3l - -4i19.(88 r. By a-sets in l.a.nd in cash ar.d bills . ?IM.008 IDebts on btnd and otber sitifictent securities 1l6.f97t Over(era'wi accousts and Ioens. chictfle upon riort.g4e and good security . 272.-223 -?5,44 ?.IYq 'Chis credit ir exclusi ve of mntetect of moucy due to the htouse, whicb, as it could not be correctlv ciculcttred. was not m ade an item in the as, sets The whole leaves a balance oa P.20001. to trieet etaints not in. clotted to the amourn debited. 'Tle neetine adtoirrned at one o'clock. Tite amnrsinit cof debts proved was sttppos'ed so exceed 120.t00i. The three bankrupts. Messrs. Marsh. Strace . end Graham, sur- rendered in the usual tuanner unter the comnmnission, and reccived rite tfrtn of protection generalTy given to bankrupts on their scurren. der. During the dav, tney teisersed famlliariv -with their creditors, and seemetd ;tnxious to give every explanation.- They were remark- ably well received, arid neated with tmuch rescect aLnd politeness. I is understood threre wi I be a private meeting on Monday next ts prove debts. The greatest bustle created at the meeting was excitediy about 6 attorneys, who attended, a great riuniber for the parpoo.sn or Can. vassine to become agents to the commission ; and cards were- handed about just as they are at a wardmote in the city. with she n.nlies of the attorneys, and requesting a rneeting of the creditors at th,-ar re- spective houses, " wehere every attention would be paid." Ve bave ecen sotue of these cards, but we decline mentioning ruames. BzINKRU'PTCY OF MfESSRS. MARSH AN4D CO.