Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-02-14

BANKRUPT .LAw.-The bankrupt
law went into operation on the LIST day
Of March, 1867, and was to continue one
year. On and after the first day Of
next month, tlitss wishing to take adj
vantage Of this law can only do 50 by
paying fifty cents OH the dollar of their
Indebtedness, Or get the consent of q
majority in number did value of their
creditors.
| TIE following will explain , many
Questions often asked regarding this
law:
Object of the law: Is to enable per-
sons who can't pay their debts to get
rid of them.
WHO can take advantage of this law?
| Airy ptrynn br firms who bIe debts
to the amount OF three hundred dollars
or upward, whether they be individual
or partnership debts, or both, and Il
makes no difference what Is the char
acter Of The Indebtedness, whether IL be
by bill, note, account, judy hnent, as
| principal, or surety, or otherwise.
What does the law demand of the APP
| plicant?
That he shall surrender his property,
except such rs Is hereinafter mention
Ell, to his CT editors, for pro rata dislri.
button among them.
| What does the law permit the appli-
cant TO keep?
Fiyst--Household. sud kitchen fur
nitufe and necessaries to the amount of
$500.
second-The wearing apparel of him
self and family.
Third-The uniform, arms and equip
ments Of any persOh who Is, or has
been, soldier in the militia or the SER
| vice of the United States. 8s
Fourth--If the applicant is the head
of a family, his homestead, to the val
ne of S5N IL he has no homestead;
then In lieu thereof, money or other
personal property to the amount of
$500.
II the applicant has only SO much
property as Is above enumerated, of
course he has nothing to give up to his
creditors.
The result of the benefit of taking
this law Is dischafge from all his in
debtedness. In cases where there is no
contest, 1t requires from sixty 70 ninety
days to procure this discharge.
| Quick WoRK.-An exchange gives
the following illustration of short
road to matrimony as adopted by a
lonely widower and bloofiing widow
In his bailiwick. Repairing to the
house of his adorable, the business was
dispatched as follows:
"They tell me you want to hitch II
that's so, I'm your everlasting lruckel-
berry, A tint, somewhere between a
turkey red and u vermiliion, rose to her
cheeks, rs she replied. Seems TO me !
am kind o. lonely, and If you are In
dead earnest, Tn in." A fash of cleo
tric light, which romantic people call
affinity, passed between them, and In a
few days they were married.
| FIVE IDEAL HEADS. Tile attGiition
Of our readers h called to the advertise.
ment appearing elsewhere of the new
engravings of five beautiful ideal Amer,
lean faces. The Springfield Repubti
can says Of these engravings: ttA3f#
We have seen the new series of litho
graphs, consisting of five Americai
Ideal Heads, which were first drawn b.,
Charles A. Barry, Boston artist, ant
, reproduced on stone by two Of the fin.
est French engravers. The portrait,
merit the commentators which they
have received from the highest sources
both ~ works of art and rare poetic
beauty, which make them desirable
possessions for every household.
Address l.. ID. ROBINSON
AZ Main ST., Springfield Macs.