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General Advertiser Newspaper Archive: February 12, 1746 - Page 1

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Publication: General Advertiser

Location: London, Middlesex

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   General Advertiser (Newspaper) - February 12, 1746, London, Middlesex                                The General Advertifer. Numb. 3838. THURSDAY,   February 12     17+6-7. Deal, February 10. RRIVED Yefter 0-'tean Nation. Tho' fometimes it proves, thro' the Piques of prejudiced or lucrative Views of avaricious Creditors, that the Mea-fures for accommodating the Affairs of Debtors in Mifery,' but of Merit, are difconcerted ; when thofe of the Negligent and Extravagant, for Want of proper Dull fiction and profound Penetration, are, upon too eaiy Terms corri-promifed, to the great Difcouragement of every good Quality, and follering every bud one, not c.ily in the prcl'ent, but in future too general and fimihr Cafes. I refer to an abler Hand and better Head, to prefcribe an Expedient for preventing fo frequent Inulv.-r.cies find repeated Bankruptcies (more being already pubhfhed than is well pract'fed) my principal Deilgn is, to reprefxnt the Importance of electing proper ! ruftees for conducting rivs Affairs of Infolvent Perfons {tho' where the Value is fmall and in narrow Compafs, Ms be.t often to make-every Creditor fas own Trutle?, by dividing, proportionably Goods and Debts) and of chocfing fuitable AE^nees under Commiffion3 of Bankrupts, inafmucii as the Effects cf both may be, and frequently arc, augmented ordimiriifiitd, according to the Capacity, Probity and Induftry,-'or the Indolence, Ignorance or Avarice of fuch, who are el.cted in either Cafe. If therefore a competent Number of Creditors would meet and confer with each other upon fuch Occafions, and appoint Enquiry and Report to be made to them, of the Characters and Credit of Perfons intended to be put in Nomination for fuch Trufts, and attempt to influence a certain Number to vote for the Election of the beft qualified ; I ambeyond Contradiction convinced, that by fuch rrjcedure both lupine, unjufl and infoiven; Trultees and Affignees might be excluded, great LofFs to the Creditors evited, and Men of Probity and Fortune elected, with this prudent Precaution, that Candidates equal in the fere'* mentioned Qua ii ft cations, but differing in Capacity and Afliduity, being in Nomination, and the Election falling (as it ought) upon the Majority of Talents, they may in certain Cafes divide iconer and confide-<-.b!y more, th2n thofe could or would have dene, who had the minor Proportion. 'Tis therefor: hop'd, tha: when Gentlemen well qualified are put in Nomination,   the/ w;ll vote and ac-quiefce in their own Election for a Pablick Utility and Act (not becaufeit is"in Part) but a5 jf it were wholly their own Affa r, and to expedite and facilitate the Work, they may appropriate to each other his diitinct Lot for Execution,  and appoint ani        attend their Meetings, mutually to report each other'sTroccedings, to deliberate upon what's next to be done, and reciprocally to convey their Counfe!, Concurrence, and Affiftance to ach other for the Advantage of the common Caufe. t. None mould accept of fuch Trufts, but thofe who can and Confcientioufly will devote a reafonable Part of their Time to dikharge them.   They fhould be Men of Sub-ftance, fufScient to fecure the Effefls vefted ia them, of good Morals who cannot defraud the Creditors, nor otflit aTrOpportunity of Promoting their Intereit, and cf known Honour, who will nnt detain Dividends unreafonably to the Creditors Detriment, and their particular Emolument: AUedgicg (as is too commoo) that a fmill Dividend is not worth trcubliog them with ; and that the Experce of calling the Commifiioners together, witl be a lefFening the Eftate, when it fhould be conjider'd, that the Det~ntion of a con-fiderable Sum from the Creditors will be a greater Lofs to them in general, than the proportionable Expence of a Sitting can be to every Individual ; therefore the Expeditious Divifion for the Accommodation of each Creditor, fhould be maturely effected, unlefs the Money be ufefully employed in the Pub!ick Funds, Sec. until a Lrger Sum is collected. A O K'i JS K M ); N  re taken in for Lhis Paoer. ,i. "� Y D 3 COF. House,   

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