CORRESPONDENCE.

Poverty Bay Standard, Volume X, Issue 1202, 15 November 1882, Page 2

CORRESPONDENCE.

Wc do not hold ourselves responsible for the opinions expressed by our correspondents]. :o:

MEETING OF MR. J. R. DAVIES’S CREDITORS.

TO the editor. I Sir, —In your issue of yesterday evening api peared a local referring to the above subject, and which states that “ owing to the opposition of Mr E. P. Joyce, one of the creditors, perhaps one of the stormiest, if not the stormiest, meeting under the Bankruptcy Act that has ever taken place in Poverty Bay.” I may first state that the whole amount of my claim, £8 2s 6d only, with the exception of 12s fid, was cash lent, and that the fact of Mr Davies being a bankrupt does not in any way interest mo financially, only as far as the amount of my claim ; but I ac1 knowledge that the meeting was stormy, and stormy it required to be, when the debtor offered to pay every person 20s in the £, with interest, if allowed time to do so, but at present had no assets, except money owing to him, and only himself able to recover them. Why then should a certain number of creditors be so very anxious to proclaim him a bankrupt, seeing there were no assets and they were to gain nothing (so they pretended) by so doing. The money owing to Mr Davies in the statement accepted by the Registrar is more than what would pay all creditors with interest, and which onlii Mr Davies is able to recover; therefore, what benefit could the creditors derive through him being a bankrupt ? None whatever I Then I fail to see why a few acting in consort should try to proclaim him a bankrupt; there surely must be something wrong. By the evidence given at the meeting by Mr Davies, it would appear to any person possessed of only a limited amount of common sense, that there were dark shadows overhanging the cause of the bankruptcy, and also the unreasonable manner in which sound and truthful arguments were tried to be ousted by the few, to the detriment of the

bulk bf thb eredltors and also the debtor. Caused the storm to gradually increase untij eventually it became a gale, I say again if Mr Davies had been treated such as he states, and which statement I have no reason to doubt, it is a shame to try to debar him from obtaining his rights so as to enable him to pay his debts honorably ; if he is down, why jump on him, and not try tb assist hini ,up; Well might Cromwell; if in I’bvlertjr .BftVi give vent tb his opinion by exclaiming, "Get CAvay and give room to honester men.”— Yours, etc., E. P. JoYci.