New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-27
sxrcstoa Of sas law II is reekored that the Tfsauy
last year iost twenty five mfHions OF doiian ~ BY 81
CABINET 0FPICsRs Oh III. FLOOR, N fr
The indications to-day arc that the bill to ID.
NIT Cabinet officers 10 seats and the privilege Of dssst
win not pas. r8r-.
A1eoc1etad rfess.
WAsHNuTos. Wednesday. Jan. rs 1904
TIKI BANKRUPT BILL. T..

WAsHNuTOS Wednesday Jan. 2A 1904
THR BANKRUPT BILL.
The Bankrupt Bill reported to-day bv Senator Fostes
from the Committer ON TIE Judiciary Is amendstory a
that passed BY the House IL ana
the nature Of substitute. The principal alterations
proposed BY tho Committee are the following: The
eighth and ninth sections s,rie n ont. These
authorize the President Of the United st es when the
business ~ District Court in Bank uptcy has
cumuiated that the Judge cannof perform tie same IL
addition 10 other business TO appoint and commission
more District Judges In bankruptcy eniy.
and also To appoint IN assistant r"ut Judge undes
similar circumstances. The voluntary bankrupt End
commandments VI proceeding seetogs ire atneuded
by striking out the authority to the Marshal
except such as mey be- By the Laws Of tie Site In
which tbs Judicial District is situated. exempt ron
ccnton ~ nude from the one, s,i"n O. tie net Of sIe
necessary household and Kitchen furniture and such
other articles and recessares Of the bankrupt as the
assignee shall designate and et apart, having reference
In tie amount 70 the family, condt.on and c.rcan'
stances of the bankrupt not altogether to exceed 10
value in any the of Ss and also tho wearing
apparel Of the bankrupt and OF his wife and chidren
aid tie uniform arms AID equipments II any person
VINO 10 he's been soldier 10 the
service OF the United states; ard the determiaa.
Of the assignee In these llatters snail on xoeptiou
akrn b. subject 10 tho final decision III the said cour.
The nineteenth section, which provides that oil e.
tHchments Of the property CT the deDto snai oe dls-
solved By the decree IA bankrupc' &c, 10 s'rIeKeo
oui In the sectioa for tie distribution u the bank
rut Is estate the comittcc srike ont from the debs
entitled priurity Of paymen; these cue al ?hysriso
during the tendency VI proceednxs IL bal kruptcy un'
I'll the inr dividend is declared. not exceeding eoa
In the order for dividend 'he 1omins claim. . snia
n full in tile following orlor. First tie tees, costs ana
expenses Of suits and for tire custody OF property "
herein provided Second. all debts due to the United
States and all taxes and assessments under the lave
thereof Third. all debts lie to th9 states IN whien
/ the proceedings n brnktapIcy pie prndug and
s taxes anu asspssreft maze a. der the Jaws o. su0a
State Fourth. wages due 10 ahy operative eierk OF
IA r.tf -atp
no, To- med within six months next pre- ,edhr the nrse
publication OF tho ticc OF proceedings II pahkruptcy
Fifth. all debts due % aiy rvss'ns WI? o:'neM Nsw
the United States are hAJ w eh " 49,,
been passed always provided ttst nothing contained
in the oct shall interfere with the assessment and coz
lection Of tsxes BY the United States any 1t te
The following is substituted for tho 1th aud 18th
tions in relation ~ discharge from bankruptcy and tho
| allowances to the bankrupt. viz .
That discharge duly granted shsIl, with the ercep'
,io,s ed rele use The bankrupt fon all debts.
casaas liabilities and demands which were, OF might
have been. proved against his estate "a bankruptcy,
and N ~ lie loaded BY siDp, avrrnent that On the
day Of lis ds,e such discharge was granted ~ him ss
ting TIE same f,rth in hsc rerbd - Jul AMI cvmpies
bar TO oil suits brought On any such deots, c'aau&
liabilities or demands and the certificate shall De con.
siye eydenc. In favor II such Drikrup OF the TACT
atd regul. yiry Of such dschlrzs; always provided
that any creditor creditors Of said bank'up wh.se
deb, was proved plvyae aysast te estate IN oanEs
rupfoy who shall nj ~ cont Isl the Validity OF TIE
said discharge the ground that II was frau uienty
obtained ~ ans tine wl.nlu Two ycSls tuo
cate thereof apply to the court which granted II set
aside and the same. Said apple ston sns be IN
writing shall specify which In particular OF tne ssy
era acts mentioned IA ne section Is Intended 70 ese
evidence against tie bankrupt. setting for'n the
grounds Of avoidance; and DO evidence snail oe ah
u,ed as to any other Of .he id acts, Lu: Apca
ton sh,l be sui jot 70 amendment ut ne
tie Court which, shsl russouahe notice Of tho
application 10 be given To q xYp and order bim
10 appesT aud the same w'inis such ne ss the
CUu-t shall deem nj anu propei IL lpCn the nearing
of The ss,d partes tue Court shat ind the faGdu
lent acfs any of them sec hrh b. the crrdtJr OF
creditors against the bankrupt are proved and true
and that the creditor or CREDITED had NO kIVwiene
tho ssue judgment shall DO given " f'yos
Of the crrdIor creditors, end the d'scn ,rge
OF the DsukIul< shall be set aSide and annuird;
But = the court shall End shat ttc hauGucnt acts a.o
OF them Set fort are To. proven and ro, true. OF
that they Known to the cred'or or Creditors s
fore sbe granting " tho discharg. ten 1udgnens
ysIly OF his discharge shall not be affected by the
proceeding.
Sections 80 sBd 40 remain urasered. Thsy relate 10
preference and fraudulent convryn1ces dc,sred void
and the bspk rpcy OF partnerships and corps rations
Tho involuntary bankrupt sectons are anrasrd Dy
incl ding BANKERS with merchants and traders, and
rh &c out the prvyso TIA the Pc itonias creditors
shall execute bond with 81 tice Ut secuii. IN penalty
of not less than hnnC red do,srr cnssiiOned f"f
psy uent g debtor in IL sba appear that there
vas valid ground for the s.picao. for all oanago
when LIZ shall suffer by reason tnieo.
There otier snrno aerts, but tho foregoing are
| amopg tie most inportsnt Oh them.
wAsgEGIOs Thars lay jan &c. 1864
THE christian COMMISSION.
The third annual business meeSug OF the
Chrle.lar Commss on Convened to-day Dairgates
were present representing all sections VI tie Country
importance concerning work for the aim! aad navy
WAS Presented aid considered. Among the delegates
attending tito Convention we're the Rev tehop Jones
0f New York. Hofato Gates Joues If Puisdelpbia.
who with tie Rev Bishop Lee VI y inlngtcu. De-. has
las, rsturneA from Fa,s. the Jane, River, whittier
they had gone delegation OF the Christian Com.
IL. Ian
trant to eneayor Ssit the Union prhoners IL the
South. TLey we've reiused adDission by the Rcbes
authorities.
NATIONAL BANK CIRCULATION
The Secretary of the Treasury recently sent
to the Committee VI Ways and Me s a draft vf Is blu
ON the Contrule OF tho Currency srying the Con.
trolcr 10 Of the opnor that IN edoitionil restie''on
upon the circulation Of National Banks IL demalc a. on
account cf tho rrpidit, with which banking a1soeis
lioas being yanzed. aad tic disposition manifest
O.. the part OF tie managers Of many VI them I" in'
crease thor capital fur the pose h.rLy o; noreas'
their circuation La this view Secretary tessen.
den cuLcurs. The bill Was 10 day rcporte,. Ia the
House. aud day assigned for lis constellation.
II provides that Section q 81 TIE National Currency
Act I've amended ~ read rs follows:
That urou transfer saI delivery Of bonds n tie
nislins the san. eli be rurd receive om the Goa.
irei-r Of the turr-iey Circulating moss o. nerh
provide equal IN amour, linsy per OF ~. cr:
len, marks vaus Uned states bond. rsn-ferv1
and 81 S so no, ss's the g. rs
interest a, of net les than five per nton pr
.nun, and he amount c. such circulating 70 he f-
. .hsd TO each association shal er In propo'tion 70
Ia reid I'D capital in.ows ana no nsorsi
% Zach ns,ocaon wo.e csp tai .hs exceed Nooo dbl
prf ,euum Of such capital; he capital .frre
acoO0o d0lsrs bu, de, not rAc.ed IoVosy dollar; per
not exceed 900 70 pes cnun' wh-Te c capital
exoeeas $4,000 dol4rs % per cc!un, OF such cAphA
The New.JerSey LIE gislsiuPe.
TRENTON. n. j.. Thursday. Jan. 2i 1868.
The House has organized. At the morning