Correspondence. INSOLVENCY.

Tuapeka Times, Volume VII, Issue 426, 16 January 1875, Page 3

Correspondence. I NSOLVENCY.

(^o the Editor.

Sir, — In your wsue of the 9th inst., there appears a letter signed " Blackstone." The writer points to the law regarding Insolvency. But it strikes me there is very littte law in the matter. The means that sometimes are adopted to eavde justice are quite enough to make an honest man shudder. It is very humiliating to think there are human beings ready at any moment to sacrifice both honour and principle for the sake of gain. My knowledge regarding iusolvency is very limited indeed. I never went through the "mill," and have no intention whatever of doing so, but I have been made to suffer considerably by those who have passed through that ordeal. On theHißt|occasion, I, with one or two others, have suffered rather more than what is fair and equitable — in fact, our claims have been totally ignored. Everything in the case I refer to has been done so quietly that I am convinced neither law nor justice has been studied in connection with it. What business, I should like to know, has any creditors to go and settle my affairs, unknown to myself, and that too in a hole and corner manner, as was done in this latest case of whitewashing. It looks rather strange to Bee one gentleman stepping in between the insolvent and his creditors, and saying " Take this or nothing gentlemen." My opinion is that either the insolvent has been put in the position for the purpose, or some one has done well out of the affair. lam credibly informed that one small creditor of a few shillings was very active in getting the affairs settled. Had this smart individual allowed some one who was more interested to look after the affairs, he might have done a public good and saved himself a great deal of anxiety of mind, but some men are born to be big in a small way, and cannot see themselves as others see them. And yet we see at times these individuals that make a smash of their own affairs have the audacity to take part in adjusting the public's money. I should think, if a man is incapable of looking afte.- his own affairs in a creditable and hbnest manner, he should by no means be intrusted to squander the people's money. I think " Blackstone " must be one who has been left out in the cold ; if so, I sympathise with him. — I am, &c, Whitewasher.