CHARITABLE BANKRUPTS.

Poverty Bay Herald, Volume VI, Issue 651, 15 March 1879, Page 2

CHARITABLE BANKRUPTS.

.Referring to the disclosure made by the accounts m the bankrupt estate of a Manchester firm, the chairman of its creditors said : — Since the Collie fraud of 1875, no commercial failure has occurred so disastrous. to the credit and pockets of Manchester* men as this of Heugh, Balfour, and Co. I will not enter at any length upon these accounts, as any information will be given to you by the accountants ; but there is one item m the separate estate of John Heugh, which I cannot look over — ib is the sum of £23,917 5s 4d for the expenses of the orphanage and charaities. — (Laughter.) This magnificent charity of an insolvent estate appears to me ghastly m the light of these revelations. —(Hear, hear.) It reminds me of our bishop that there are some men amongst vis who build chnrches out of their ungodly gains to feel their way to heaven. — (Laughter and applause.) I speak strongly because I feel intensely that we m Manchester have been frightfully deceived for years as to the position of the credit of Mr. John Heugh."