An extraordinary examination has been going on through the week
in the Bankruptcy Court, that of the partners in "Green- ways," the Warwickshire Bank. They give their evidence with frankness, it must be owned, and it seems clear, from the admis- sions of the chief partner, that they drew great sums from a bank which they knew to have been insolvent for at least twelve years, that they overdrew to the amount of £70,000, that they lent large sums to relatives on insufficient or worthless securities, and that their customers, mostly small men, will lose in the aggregate some £000,000. The amount lent to a single concern, the Kenil- worth Tannery, exceeded £103,000, and is lost ; and Mr. Kelynge Greenways admits, as regards a draft for 21,500 received from a Mr. Cooper for safe custody only, that he asked his Leaming- ton manager to send it up to their London agents ; but the manager refused. The result of the evidence given in the Bankruptcy Court is watched in Warwickshire with intense interest, and is, indeed, of importance to every one interested either in banks or bankruptcy. If Mr. Chamberlain's Act can neither prevent nor punish trading such as is revealed by the evidence taken in this case, it will be pronounced as great a failure as all its predecessors. We will hope better things, but the partners, who have the best legal assistance, have the manner of men who feel quite secure.
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