The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-06-02
Hoase OF Aspresentatfves.
WAsHNGTos, Juus 1 1884.
yax aANKRurr NIL.


wAsHsoros, Juos L, 1884.
rx sANxRurr
Mr.. JrscxE (rep) d r. l., from tho select committee
on The sub ec reported back the bill TO establish ant
form system bankruptcy throughout the United States
Nr JRstx rs congratulated the House that this
subject nrey from tho political and parti-
san questions OF the day related solely to business
men OF the nation The passags OF the bill demanded
BY every bupiness interest IL was subject which could
be discussed without acritn0uy and upon which Nil could
differ without anger The enactment OF such law wss
ned for by direct language OF the constitution The
bill formed tho permanent and uniform systeu,
that longer there may be one law in Name and an
o,nsr IA Wisconsin, bat . uniform Law for all The sys
tom now proposed was a thoroughly practical one. IL
not with theories. but with the fact called bank
rupscy The bill contained provisions for both voluntary
and Involuntary bankruptcy. II brought the failing
debtor and his creditor to settlement equally beneficial
n each discharged tho honest debtor on the surreu
der OF his property and protected the creditor against
fraudulent practices and reckless conduct Of the
debtor. aud secured what was never before attained
namely, compists unifosaty 10 the mode Of proceed
ings Corporations included in the provisions OF the
bill The measure now proposed was adapted 70
were waiting for tho passage OF this bill There
occasion wAsn 10 psssags vas % hscessary and
70
instrument already provided for iberstng them from
soas.s' q a:S = order the. they %ss. :3.ss,:.
psudsacs asserts isaisnabe In conclusion 10 said
ms u measure Of unquestosabe good Il s demanded
BY shs people and authorized BY the constitution LEI
Mr.. II olnAu. eppl o. Ind. moved that the further
consideration Of the bill b. postponed Gil The sscnaA
TussfAy In DecsmbsE
| This vas disagreed so-5s against -.
There yer: 70 farther proceedings 90 she o the
BRiparxG the HUDsoy Rvrw AZ ALBANY
Mr.. DAVE, (rep.) o. N. r., introduced otn for the
consruchon OF bridge the Hndson a Aloaay for
military and postal purposes, which was referred 70 shs
COMMITTEES % Commerc0
Tuu NATIONAL
The House concurrsd the report ~ the Committee OF
Codfsreoce the d!sagrcoiug amendments 70 she Ma
uoasl Bank bill.
ruI ukeoCR cOrrrsnD xGEcYi0s
Mr.. DAwas, rep) Of Mass made report tn the Ais-
sonr contested election Of Birch conesng the seat
or King re said the committee had como 70 the same
conclusion thAy did in that OF Bruce aaaiust Loan
that neither elected but, having no desire 10 re
| open the discussion and stu adher,ug 70 their
hey accepted the vote Of the House "a the latter
case . settlement OF this ono lie therefore moved
thai Tina papers be laid upoR the table and the
discharged from furthsr consideration Of the SUD
rst :.
length on hts own behalf.
Mr. krNe, the sitting member replied, when the pnes
non was taken LAYING the whole subject on she taos
/ aud decided III the negative
| Mr.. FARSswoarH, rsp3 Of Ill oNored resolution that
neither Mr. Birch Mr. King entitled TO aest IN tho
House a. repr sentative ~ the sixth district OF Msouf
Which was disagreed niue sgainss seventy Two
The COMMITTEES on Elections wes dschnrgea from any
further consideration the subject 50 Mr. kiss retains
i biz scat
i Adieurnad