The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-14
The words were good, and in viTtnons
Involuntary bankruptcy.

HDION1SIOuSO VI EAd new
bill, SO far as they effect voluntary app
Hplications, are now generally under
stood, but those which give to creditors
the power of proceeding to make their
debtors bankrupts are not so dwel
known. They are much more exten-
sive than like provisions in former acts,
which have been in force in this coun-
try, and they are important to be un-
derstood. The causes which will an
thorize creditor to proceed against his
debtor are as follows:
First. The voluntary departure of
the debtor from the State, district or
Territory of which he is an inhabttant,
with intent to defraud his creditors.
Second. Concealment by a debtor, to
avoid the service of legal process, in
any action of debt or upon demand:
Third, ConCealment or removal of
property, to prevent its beng attached,
taken or sequestered on legal process:
Fourth. The assignment, gttt, sale,
conveyance or transfer OF estate, prop.
erty, rights or credits, in this country
or abroad, with intent TO delay, defraud
or hinder creditors.
Fifth. Being arrested and held in GUS
tody under mesne process of execution
for a debt valid and provable under the
Bankrupt law exceeding one hundied
dollars, if such process IS not dis
charged by payment or by law wlthln
seven days. sg
Sixth, Actual imprisonment by pro-
cess in a civil action upon demand
exceeding one hundred dollars founded
on contract, for more than seven days
Seventh. The payment, gift or trans
fer, sale or conveyance OF property or
money to any person in contemplation
of bankruptcy, the party being oank-
ruBt or insolvent at the time. 5i1s.rs
Eighth Giving warrant to confess
| Judgment, in contemplation. OF bank
fIS RSiSfhE Esnaering property TO be taken
in executions or on legal process, win
an intent to give a preference to one or
more creditors.
Tenth. Suffering property to be taken
in execution, gor upon legal process,
with intent to give preference to in
dorsers, bail or sureties, with intent 10
delay or to defeat the operations OF the
'F; Eleventh. The fraudulent stoppage
or suspension by a banker, trader or
merchant, OF payment oil his eommercla4
/ paper,5 not resumed within fourteen
| days. z2<
| designated may be made bankrupt
within six months after their perpetr a:
tion. on the petition OF one or more OF
his creditors, the aggregate OF whose
| debts amount to $3.50. Nor is this all.
Tibet -ansaction which caused the bank
rnptcy is void, and the assignee may
recover back property transferred or
money paddy the bankrupt; proNlueu
that the person receiving it has reason
| able cause to believe that fraud was
I Intended, or that the debtor was tnsol-
vent. And furthermore, such person SO
| implicated in the fraud, If creditor,
shall not be allowed to prove MS deot
against the bankrupt and must lose II
altogether - ~
: twill thus be seen that this act not
! only gives to the debtor who has been
honest but unfortunate, the means OF
/ relieving himself from his burden, lont
4 it guarantees to the creditor remedy
I against fraudulent practteesi renders
dispositions of property In tayorltlstn
land preference void, and puntsEeS MOI
4 only the party making such preference
| hut him who was to receive the oeneht.
I Against involuntary bankrnptsi orders
i OF arrest and imprisonment may be Is
sned, and they may be confined o.
made give bail for their aPpearanee ee
i These regulations may affect business
/ very much, and 1t Is the duty OF every
/ one having transactions with others q
make himself master. OF the dlfectloni
of the law, so that he shall not fendel
himself innocently liable to punish
ment. ~ 49,
/ TIE editor of the Concord IN. n.
Monitor, who has been talked of fol
MAYOR of that city, after stating that hi