The History of the Commercial Crisis 1857 1858 And the Stock Exchange Panic of
The History of the Commercial Crisis 1857 1858 And the Stock Exchange Panic of
David Morier Evans
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In the pound, on the necessary release being executed by the creditors. (Signed) "J. G. Hoabe. " KiBKMAN D. Hodgson, " J. H, Pellt. " THE ESTATE OF MESSES. TETJEMAN AND COOK, A circular was issued on the 13th July, by the inspectors of the estate of Messrs, Trueman and Cook, whose suspension took place in November, 1847, with liabilities for €577, 547, stating that a fiirtlier dividend of Is. In the pound will be paid on the 31st inst. , whereby the liabilities of the firm will be reduced to i:...60, 366, and recom- mending for acceptance a proposal by Mr. Cook to take the remaining assets in charge, rendering himself responsible, whatever amount they may realize, for a further dividend of l5. , to be paid on the 30th of June, 1851. The Bank of Eng- land, it appears, have agreed to the recommendation, and the concurrence of the other creditors is fully expected. When the final dividend of Is. Shall have been paid, the total received by the creditors will then have amounted to 14s. In the Sound, and the liabilities will have been reduced to about i'40, 000, while a further iminution will still be possible, owing to the intention stated by Mr.
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