R.P. DAVIS & Co.
Tenby Street, later, 169Â½, Hockley Hill, Birmingham
Failure of a Birmingham Jeweller.–A meeting of the creditors of Richard Perkin Davis, jeweller and silversmith, carrying on business at 169Â½, Hockley Hill, was held at the office of the Official Receiver, Colmore Row, on the 22nd ult. The liabilities amount to Â£400 9s. 10d., and the assets are estimated to produce Â£13 6s. 4d., a deficiency thus being left of Â£387 3s. 6d. The bankrupt commenced business about 1879, at Tenby Street, Birmingham, in partnership with a Mr. White, as jewellers and silversmiths, under the style of "R. P. Davis and Co." Their capital, amounting to Â£250, was found by Mr. White. The result of the first year's trading being a loss, Mr. White decided to leave his capital in the concern at 5 per cent, interest, but not to take any part in the business. After this the debtor traded in his own name. In 1880 he gave Mrs. White, at her husband's request, a promissory note for the Â£250 referred to. His explanation for doing so is that a claim could then be made against his estate in the event of bankruptcy. Mr. White died in 1886, and no demand was made for payment of the Â£250 until Christmas last, when a writ was issued for the amount. The bankrupt defended it on several grounds, one of them being that it was a partnership debt. The liability now amounting to Â£360 5s., is entered in the statement, but it is still disputed. He was ordered to pay the money into Court, and being unable to do so, filed his petition. During 1883 and 1884, the bankrupt made several bad debts, and in the latter year became aware that he was insolvent. The failure is attributed to bad debts and bad trade. The case was a summary one, and the Official Receiver was appointed trustee.
Source: The Watchmaker, Jeweller and Silversmith - 1st August 1890