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Cromwell Argus, Volume V, Issue 268, 29 December 1874, Page 6

The bankruptcy case of George Thorne, junJ, merchant, which was again before the Auckland Supreme Court oh September 23, is one of the most remarkable commercial cases ever heard in Auckland. Thome took the old-established business of Robertson and Co., and commenced extensive transactions, representing some £50,000, on £SOO capital. Credit with the Bank of New South Wales was sustained by the name and reputation of his father, Mr George Thorne, merchant, of Sydney. An important branch of the bankrupt’s business was the purchasing and shipping of wool to America. A large consignment of wool, purchased on accommodation given by the Bank of New South Wales, was sold at a frightful sacrifice in America during the temporary panic. Immediately on receiving intelligence of his serious losses, Thorne endeavoured to get the Bank to keep him going, in the hope that he would ultimately clear off the great deficit. They declined, and in otder to force them, it is alleged he commenced realising his estate, paying away large sums to outside creditors, to the detriment of the Bank. Some of these amounts it is alleged were paid subsequent to the order obtained by the Bank making him insolvent. When the case came into the Insolvency Court the Bank secured the appointment of one of their accountants as trustee. He examined the books, in which entries had latterly been made without date, and found letters paying large sums had been sent without being entered in the letter-book. The bankrupt then neglected to go over the accounts with the trustee, and made various statements of his affairs which the trustee objected to. The bankrupt has been weeks under examination during thepastfew months in endeavouring to ascertain the exact state of his affairs, withoutthecase being advanced. The Chief Justice to-day said unless a satisfactory statement was submitted before the day to which the case was adjourned, he would commit the bankrupt for contempt of court. Of Mr Armstrong’s victory the Mount Fda Chronicle says:—“We opposed his candidature, because we considered he had no claims npon the district, and were most anxious to see the Goldfields learn to depend on themselves, and their own men. We. know when we arc beaten, and are quite willing to recognise the sterling merits which, with some weaknesses, Mr Armstrong possesses, and which will be turned to the best account for the district.” Holloway's OirUnwnt arid PlUs.— Abscesses, Erysipelas, Piles.—Unvarying success attend all who treat these diseases according to the simple printed directions, wrapped round each pot and box. They are invaluable to the yonng and timid, whose bashfulness sometimes endangers life; A little attention, moderate perseverance, and trifling expense will enable the most diffident to conduct any case to a happy issue without exposing secret infirmities to anyone. The Ointment arrests the spreading inflammation, restrains the excited vessels, cools the overheated skin, alleviates throbbing and smarting pains, and gives great ease. These directions also clearly point out how and when Holloway’s Pills are to be taken, that their purifying and regulating powers may assist by adjusting and strength - [ening the constitution.