JENKINS' BANKRUPTCY.

Mataura Ensign, Volume 6, Issue 303, 2 November 1883, Page 2

JENKINS' BANKRUPTCY.

TO THB EDITOR. Sir, — As there have already been a great many comments passed on the above bankruptcy, and comments of a damaging nature to me as a business man, 1 should with your permission like to give an explanation of the whole affair, so far as my actions are concerned. About the 20th May, Mr Jenkins came and ■><skH tyii? to offi>r his farm and stock for sale j oy public auction, Mi* Jenkins at; that time ' owing me between L6O and L7O for cash lent, etc. The stock and implements were i sold, but no bid of any importance was made , for the farm, and it was therefore passed in. On June the Bth or 9th, Mr Jenkins and myself settled up for the stock sale, when, after deducting the money advanced and costs of sale, I handed him a cheque for LIOO 43 Id, which h« ca6hed at the Bank of Australasia. Gordon. Some time after the above date, Mr Jenkins came and instructed me to offer the lam by public auction, which I did in Mr Canning's room, but found no purchaser. Jenkins then asked me to try to obtain a further advance of L2OO on the land from Messrs Murray, Dalgliesh, and Co. At that time it was mortgage! to the same firm far L7OO. Messrs M. D. and Co, refused the ap. plication. Jenkins then came to me and said that his creditors were pressing him very much, but that if he could get his crop in again (as there was no chance of selling the farm), he would be able to get a lien on the crop and pay his creditors. I then proraised Jenkins that at my next sale he •hould have what he required in the way of horses, ploughs, etc., if he gave me security for them in protection to myself. On tkat condition I agreed to let him have what ho required, which I did, thereby enabling him to go on sowiDg his crop ; and if Mr Brett had remembered how leniently a firm well known to {himself wai treated by its creditors, Jenkins would have been able to pay as much in the pound as that firm did ; instead of which Mr Brett hounded the man with summonses, notices of executions, petitions for adjudication, and judgment summonses, which compelled Jenkins to file to protect' himself. With reference to the land. Jenkins got his own price for it — i.e., LIOOO less mortgage of L7OO, ond received from me the L3OO less charges, commission, and cash advanced. The above statements I can prove, and am ready to do so at any time when called upon. — I am, etc., I. 8. Simson, Auctioneer. Gore, Nov. Ist, 1883.