FORTY-EIGHT BANKRUPTS IN ONE DAT.

Westport Times, Volume V, Issue 779, 21 February 1871, Page 2

FORTY-EIGHT BANKRUPTS IN ONE DAT.

The Melbourne " Daily Telegraph "o( February Ist, states : —" A striking tribute is paid iu our news columns to the expected efficacy of the Insolvency A ct. They show how there was a general rush yesterday on the part of the finarr rial halt and maimed to take advantage of the healing waters about to be dried up for over. ¥er yesterday was the last day when reckless traders, impecuniom fast men, and light-hearted debtors could seek the protection of the easy-going old insolvency law. The new act, with all its stringent provisions and terrors fol the unscrupulous debtor, comes intofom to-day. The fact was borne in mindty debtors anxious to glide by easy stages into the position of certificated insolvents without encountering penal provisions, and without the payment of 7s. 6d. ii the £l. Forty-eight schedules west filed yesterday, showing total liabilities of £44,227 16s. Id. The total asset! were £7,551 7s Id., thus leaving a tod! deficiency of £36,675 9s. On a rougi average these estates will only pay 3i in the pound, even on the insolvents' own sanguine statements, which hart always to be materially reduced. Cofr sidering all things, how reckless is tin expenditure of numbers of men, what wives others have, how sternly extra?* gance is to be brought to book in future, we may wonder that there was not eves a larger exodus from the wrath to comea more lively scene than the scramble si the Sheriff's office actually was. Farewell the compromise of half-a-crown ifl the pound; farewell the easily issued certificate. The swindling insolvent's occupation's gone."

Why is a foolish young lady like* careful housewife ? Because 8 waist i 3 as small as she can make ifc A showman advertises that amon? his other curiosities is the celebrate !' split hy bargain makers. He says i* has both halves of it. A Chicago paper has the following local item :—" A balmy resident of tba city, a few nights since, undertook | ascend the closet shelves at his boaflb iug-house, thinking he was going upstairs to his sleeping-room. *•? shelves wouldn't stand it, and they,'' and the dishes, came to grief. tM fifteen dollars ;no insurance." . I