Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-08-26

ttTud1 niHut, VIII IelltulDel
date for Lieut.. Governor
the Wings on account Of III
the Democrats will bear in
their candidate for the Vic,
vice in tie United States s
LaID, and also for that
States Bank; and when w
measures; every word of c'
up in the Democrats Chu
second office in the Cover
TerTe Hdufe Courier.
William r. King voted,
But it bore not the slighte
rupt law Of IS4l, which G
in Congress, he should hav'
Gen. Pierce and Col. King v,
was a compulsory bankrupt
the interest Of creditors, !
debtors, fraudulent conveys
to force a surrender for the
Involuntary bankruptcy wa
chants, traders, brokers,
insurers. To show the di
tions, we annex the first Sc
Bill of 1927, for which
VIM. r. King voted:
Il Bin TO establish a Uni.
form System Of BankTgpt.
ey throughout the United
States.
Be 1t enacted by the Sen
ate and House Of Represen
fatires Of the Usited State
Of .4merica IN Congress as
sembIed, That, il any mer
chant, or other person, re
siding within the Unite,
States, actually using tb,
trade of merchandise, by
buying and selling, in grosi
or by retail, or dealing il
exchange, or as a banker
broker, factor, underwater
or marine insurer, shall
with intent unlawfuily 4,
delay or defraud his or he
creditors: depart from III,
State in which such persol
usually resides, OF remain
absent therelrom, or concea
him or herself therein, o
keep his or her house, 81
that he or she cannot bl
taken or served with pro
cess, or depart from his o.
her dwelling house, or will
lingly, or fraudulenIly pro
cure him or herself to be ar
rested, or his or her lands
goods, money, or chatLels
TO be attached, distrained
sequestered, or taken in ex
ecution, or shall secretly
convey his or her goods, out
of his or her house, or con,
ceal them, TO prevent theiI
being taken in execution, OF
make. or cause 10 be made,
any fraudulent conveyance
oil his or her lands, or any
fraudulent convey ance, bill
OF sale, or other [writtenl
transfer of his or ner chat.
tells, or make, or admit any
false or fraudulent security
or evidence of debt /; or shalt,
laccording to the under
standing oil mercantile men ]
have generally stopped pay
ment; or, being arrested
for debt, or taken on execu-
ton, or having surrendered
him or herself in discharge
of bail, shall remain 10
prison, or under arrest,
twenty days or more, or es.
cape therelrom; or whose
lands or effects being at
tached by process issuing
out Of, or relurnable to, any
court of common law, shall
not within two months after
written notice thcreOl, enter
special bail and dissolve the
same; or in districts in
which attachments are not
dissolved by the entry OF
special bail, being arrested
for debt after his or her
lands or effects, or any part
thereof, have been attached
for a debt or debts, amount
ing to five hundred dollars
or upwards, shall not, upon
notice of such attachment,
give sufficient security for
the payment Of what may.
be recovered in the suit in
he or she shall be ar
rested, at OF before the re-
turn day of the same, to be
approved by the judge of
the district, or some Judge
Of the court out OF which
the process issued, upon
he is arrested, or toI
which the same shall be re-
turneble, every such person
shall be deemed and ad-I
Judged 10 have thereby COM
an act Of bankrupt
ey and in the said case Of
arrest, or lying in prison, or
neglecting to dissolve at
by the entry OF
special bail, or giving Sc.
curity as aforesaid, from
the time Of such arrest, ly-.
ing in prison, or attach
Prorided, That farm
ers, graziers, drovers, dy-.
ers, bIeachers, shoemakers,
carpenter, ship-carPenters,
butchers, taiiors, bakers,
schoolmasters, tanners, inn
keepers, or any artiiicers,
whose living is substantial
y gotten by mechanical la
Dor, though with some mix
.ure Of buying and selling,
'hall not, as such only, be
deemed or taken to be with
n the provision Of this act:
4nd, proUided, That no per-
on shall be liable 10 a CON-
mission of bankruptcy, III
be petition be not prefer
ed, in manner herein after
Iirected, within six months
Ifter the act of bankruptcy
The reader will at once Sc,
he two measures. The bill
heck over.trading, and to
ireditors from fraudnlently
n assigning or transferring il
reditors. Fraud was the I
Inless some act. OF fraud was
lot be declared a bankrupt.
"a