| Title | 1 February 1813
London. William Longsdon formally to Co. acknowledging letters Finch of 27 and Father of 29 of last month. enclosing draft on Bickers and Co for £69/4s Bill not yet noted in consequence of non payment but probably may not be an objection with commissioners to them proving debt. Next meeting on 9th of this month. when Mr Barrow will attend on their part and decide on propriety of resisting claims of Assignees either to have credit for the amount of collateral security they hold or to give it up. If this happens do they restore the Bills they hold on Smith and Co or take a chance on Bickers estate? Which will afford best dividend quite uncertain for both involved in a number of doubtful points. Smiths concerns all included in amount £2-3,000. Statement of his assets circa £1,800 - in a fair way to being consumed by expenses. Bankruptcy will exhaust them - so very little can be expected there. Saw the Accountants who had settling of other estate on Wednesday - valuation shows it worth 7s in £ after deducting 20% from prime cost of stock and good debts and setting £300 aside for expenses of bankruptcy. William suspicious, thinks 4s 6d in £
Habgood promise account sales today. Patterson and Smith annexed - only sold 2 or 3 pieces. If not soon quitted writer will remove them. Goods at Mr Williams in such bad condition writer has directed them to be returned to Manchester - when cleaned by Bleachers original value may be restored.
Wants news of stocktaking from Finch - notes his remarks on rise in goods. |