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The Rushden Echo,19th May 1905
Arthur David Horn - Bankruptcy


At the Northampton Bankruptcy Court on Tuesday, Arthur David Horn, 25, Alfred-street, Rushden, out-door beerhouse keeper, was publicly examined.

Gross liabilities, £285 14s. 2d.; net liabilities, 3254 8s. 6d.; assets, £14 14s. ; deficiency, £239 14s. 6d.

Answering the Official Receiver debtor said he had been carrying on business at Rushden since December last. Prior to that he was for 11 years at the Queen’s Head, Higham Ferrers, but did not receive anything on leaving the house, as be had borrowed money from Messrs. Phipps and Co. to go in, and his outgoing valuation was used to repay them. The Queen’s Head ws a free house when he became the tenant, and it had now been leased to Allsopp’s. He was insolvent when he left the Queen’s Head, and was now a tenant under Messrs. Phipps. He allowed them to take the £150 when he left the Queen’s Head because his agreement with them was that he should repay the money on leaving. The other creditors would not get a penny.

The Registrar pointed out that Messrs. Phipps were the largest creditors still, £114 out of £254 being due to them.

The Official Receiver said that the other creditors got nothing at all, and Messrs. Phipps got 10s. in the £.

Debtor said that trade had been very bad.

The Registrar : The Chancellor of the Exchequer says a wave of sobriety has passed over the country. (Laughter.)

The examination was closed.

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