Page 3 Advertisements Column 1

Southland Times, Issue 741, 25 October 1867, Page 3

We learn from .the Pall Mall Gazette that the Bay newspaper has been ventilated in the Court of Bankruptcy. It seems that Lords Grrosvenor, Elcho, and liohfield had formed themselves into a "Constitutional Liberal" party, and required "an organ;" so they called into their council Mr James Hutton, who undertook, in consideration of a subsidy of £3000, to launch and carry on for a year a daily penny to be called the Bay, and to make himself solely and wboliy responsible for all liabilities incurred on behalf of that journal, whose polite cal teachings were " to be guided and controlled " by their lordships. But when the Bay dawned, it was speedily discovered that — Elle etait de cc monde, ou les plus belles choses Ont le pire destin, : Et rose elle a vecu cc que \ivent les roses, L'espace dun matin. The demand for Constitutional Liberalism not proving equal to the supply, in a very few weeks the newspaper came to an end, the £3000 advanced b> 7 its noble originators having been expended, and debts to the further amount of £2,686.2s 8d remaining to be paid. Matters had been so dexterously arranged that the creditors of the Bay now discover that ' they have no legal claim against anybody but Mr Hutton, who is a bankrupt j but as they unquestionably would ; not have trusted that gentleman had it riot been notorious that he had the Conservative Liberal trinity at his back, these noble lords have very properly determined that everybody shall be paid in full, and they will, in consequence, have to disburse between £1800 and £3900 each, for the gratification of having led a party, and "guided and controlled" an orgao for some