Brassey’s Bankruptcy.

Gisborne Standard and Cook County Gazette, Volume IV, Issue 505, 11 September 1890, Page 2

Brassey’s Bankruptcy.

The News of September 8 gives tbe following report of the meeting of creditors in W. Erasaey's estate:—A meeting of the creditors in the estate of Mr WiUouohby Braeuer, solicitor, was held this morning before Mr Jardine, deputy official assignee. Mr L&to l'es appeared fur a number of creditor* and Mr Oresswell for the debtor. Mr Jardine said tbe debtor was absent and had not sent in a statement of bis assets and liabilities, He did not know how much ho owed, but he thought it must be a considerable amount. The bankrupts property, so far as it was known, was in bis (the assignee's) possession. Mr Lascelles suggested that lhe creditors should combine and take proceedings against the bankrupt, who should be brought back. The creditors should not allow themselves td be laughed at in this way, Mr Brassey should bo enforced to attend. He bad been sending up telegrams stating that he was arranging for the payment cf his liabilities through a well-known land owner, but that was all bunkum. He thought the creditors would do well to bring Brassey baok; there were creditors who bad cases which came under the criminal code and he could be charged with having obtained money under false pretences. Messrs W. Stock, Herman, W. H. Cooper, Cohen; Rhodes, and’ Newtqann, creditor* present, stated that they would assist to bring him baok If they could legally do so. Thera was some discussion with regard to the office and hopshold furniture of the debtor, and it was decided to sell it, Mr Cresswell asked that reasonable time be allowed to elap«a,before selling the furniture, in order that the debtor's wife and family should not be turned out In the street.

The Assignee said be would not sell off for a week, and by that time the debtor would probably have returned, and his family would then have his protection. It was proposed by Mr Herman and seconded by Mr W. Stock ‘That this meeting rpsolve that legal ndvioe be taken at once to ascertain if there are sufficient grounds for prosecuting the bankrupt and it such opinion is favorable that the creditors here assembled will be liable for the costs of such prosecution.’ This was carried unanimously. The debtors expressed the opinion that Mr Brassey might have turned up end • faced the music. ’ If he had put in an appearance it wou'd hai e been more satlsfaotory, The meoHhg adjourabd until Monday.