THE WAY THE MONEY GOES.

Waikato Times, Volume XXVII, Issue 2194, 31 July 1886, Page 2 (Supplement)

THE WAY THE MONEY GOES.

Ax instance of how to run through a fortune in a short space of tune was disclosed at the Sheffield Bankruptcy Coint the other day, when Mr George Wright, land-owner and gentleman farmer, of Paik Lane, J)oncaster came up for public examination. The Official Receiver (MrW. J. Clojjg) stated that the debtor's liabilities amounted to about £10,212 4» (Jd, and the assets. after paying preferential creditois amounted to inioS 14 lOd. In answer to quesion-, the debtor said ho was thuty-three yeais of age, and at twenty-one he was entitled to an estate called Lindum, near Donea&ter, the rents of which were about £1000 a yuai. In July, 187-5, he borrowed £10,000, and and subsequently t'40,000, on the estate, out of which sum he had paid back the £10,000. He subsequently sold the estate for £11,000 beyond the encumbrances upon it. In 1880 he came into possession, under x\n uncle's will, of IStancdge Moors and Broomhead Moors, which he sold in uhe following year for i' 17,000. His uncle died ii» INIIO, leaving him £1000 a year, which he had been drawing since. It was payable to him during his life, unless he became Irnnkmpt, and the trustees had now decided to pay it to his wife. In IS7B he purchased the Park Lane property near Doncas-ter for £30,100 ; propei ty at Westmoor for £3400; and Warren House Farm, for £(5,700. He borrowed from his lato uncle vaiioussums amounting to £l."), 000, and fiom anothei uncle a sum with interest, to the extent of £4(541 10-, 3d. In 1S7!» he mortgaged the I'aik Lane estate for £15,000, of which he had repaid £3500. In INNO he borrowed £2000, in the next year £1000, and in INB3 he further mortgaged Wan en Farm tor £(5000. He had also borrowed £(530 fiom Mr Statter, of Manchester, his father-in-law, and he was owing the bank at J)oncaster £1505. To the best of his belief he had niudi; payments amounting to £17,3(>(5, and lie had spent nearly £20,000 in nnpioving his estates. The Official Receiver ie marked that since the debtoi came of age, twelve years ago, he had received £11(5,000, and thero was a heavy deficenoy besides the renK The debtor had U.en living at the rate of £5000 a year, and, in his opinion, should be allowed to pass. Mr Binney examined the. debtor, on behalf of the tru-tep, as to certain pin chases of wines, keeping of gamecocks, and other iteirs, ami the examination was allowud to be concluded.

CoNiTVirnxKs-s in all accidents bungs great peace of spiut, and i- the gi eat and »">nly in-trutneut or temporal felicity. — Joremy Tavloi' Win:: "Tin- is a nice time at night to come home; ain't you ash, mcd ot youiself?" Husband (pulling oft his boots and putting them c.uerullv on the buieau) : "Don't — cr — -cold. Couldn't get away — er— moment -oonei. Had a -Ine— big lUguriient.'' W. . " Big fiddlestick.' 1 H. " Fact, 1' sur<* you. Wh.idehor think ' All— ci— boys of the lod^e m it. < jue-h'in was which of us had— her - most amiable and — cr — most beautiful wife. I beat them all. I )e-cribcd you a-- -hie— beautiful eye-, silky hair, cheeks — hie — ro-e..-, teeth pe.uls, lips chenies, temper -ci -luc— like uangel. Offered to fight 'em if they wouldn't admit it. They gave in, 'n here I am — late, late— cr — victorious, finest wife in — er— world." W. (wish a sweet smile): "You are a sad fellow, John. I'm afraid you'll never be anything better. Let me help you to to-ko off your coatj dear," j