The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-03-27
TlsE BANKRUPT law.

the 2eth. We were compelled to delay its
publication, IN consequence of a pressure on
our columns. Since it vas written and hand
ed to US, wesec that Col hughes has written
another communication to the Richmond
Dispatch, in which he refers t. The enact;ug
clause Of the amendatory bankrupt bill, sus-
taia'Hs the construction that Capt. Danger
field has given it. We doubt not the article
below viii be generally read. as there is much
force IN the views pre-: ented by oae. Of the
cf Arrest headed young lawyers IN this portion
of Virginia, who has given the entire subject
careful consideration. We will endeayoi to
| make room for Col. Hughes second article in
our next issue, as the subject is Que in which
the people generally feel au Interest
70 THE EDITOR OF v1RarsraN.
.sfr. Eaitor:-Tbe recent ansendneat to
the Bankrupt Law is at present subject OF
| a'i-absorbiug interest in Virginia, and as a
measure OF reiiel for the honest and poor deb
tor, it is naturally regarded as providing a
most 5one6ceut means Of escape from the
pinchng penury to which it was possible for
,hen unt.er the laws Of our State. to be r.rl
ven by their creditors.
hlvng with some care studied the Bank
| rups Law fTora the original act Of March End
1867, through tho successive amendments 10
| to that approved Marcia 3rd. 1878, at the re-
quest OF many Interested in tho act. I give
my construction OF the section providing ez-
smp'on as amended by the act Of Congress,
approved June Sth, 1879, and tho act cor
strung and declaring the true intent and
meaning OF said act, approved March 3rd,
1873.
proceed to this task with some reluctance
as my opinion on inlpprtant p ints il in~coa
i'ct with widely Published construction o!
This declaratory ac5 by Hon. Robert "
Hughes, whose brilliant talents give itnpor-
lance to all his uFterancas aud whose vigo-
rous pen Piled io She interest Of Repub
iican politics, has led captive mauy-even OF
the elect.
will give the construction give the ex
eia.ption clauses Of the Bankrupt act as they
stand at present amended, in as few words as
possible, briefly referring at its close to the
poiG's ct difference between the construction
given, and that OF Col. tgughes
The i-tth Section CT the Bankrupt act ap-
proved March 2ad, 1867 exemp pts to the
b nkrups:
| lst The necessary household and kitchen fur
nture. aud such o'her articles and necessities Of
us,s ana CT .na.. l.a,.;','. s snsA ass
,oo,,,f - ,hs far';,u .a'1;i ~ "a s'.0
- ~ - ~
~ ,i,. 80 Ivy ~ $500
,srs YS 'NA' - Z - 'o-'A' 60 @o1
nn, Tho ,,
40 ,h.t - ~. 80. ~ ol.;Is ~ .o'4 ~
So, s.ha ,,.,.r. -
~ g. Haa e4N.pHsei9' ~
~; 49,. ~ s., ~ '''e
IA And sn.l, o, he,. ,,ror,er,v az ras. "a g..
serv@sser shalt be exempted, frc.a asaclameut or
seizure, or levy By execution by the Laws OF the
United States;
Under tins last clause is exempt, II bslons,
'ns 10 Use heaa Of ia;i!'lJ--
ise ssapoA:so%s aa "eaflhs anpars 1sessss
one COW ~ .ar ~ +s
DOT provided NE aggregate value of said si.se7
shall not exceed Fl.ty doi!-rs ..d The necessary
Iced Ter saeia COW, hogs, ana sheep net exceeding
sAiIsy saSs iasl tosn amount not greater IN
r,o, ~ :. - a..
frrniture ke:s 81, ;.aa - an .,.a,,,,t M. crasnr
than three hundred dollars and tie books tsols
and implements Of trade CT profession - an q
.s1l aos sryalsf 1,' o"s aau'-d collars,
v three bonsel, 20 ~ so'
tT, summoned by The e.rmsli,,r Il. d;s..ajnt.
| Ger convenient refer-noo see c5mpendia,n CT
iA!. Key Laws F"-eion Of 1871, page s.
.o v'' sueh OF" sf properly not iaei;nssd IN the
and g. 10 o. = soo .'o". 10y
ar; r,nrt. hv le laws of ,i,a 500 il WIN ,;a
Bankrupt las his donioile AT the time Ct the com
meacemeat Of proceedings IN Bankruptcy. TO an
amount cot exceeding that allowed by such State
ssi , a~s u, .of'e ~ Inc ga: eighteen nun
"a ths l..t ,,,,a,a,, ,,ouso of 49,. soat;o,
and n. .,,e,,,,,,an.. thors,o 800 * ~.
trovsr;<.d ona,t;or.. IS co:,str.,,s;.,
Tho monochrome oe rnna 81 1870 a:a.,,.
c,.,.,o, tso ~, = ,,t;ot, ~ 49, a..F. ~
t;o,. j., CO.. s,o,,,d .n,]., - 800 II
R,nl,r,n4 fro,., 1ee - 1e5i T,h;s ae,a,,l
,nant ..I,,.;,,, ~ ST.. ov-1.;a,s
,stafa ja,s !, To-. :, 1871 ,vh;ah ;.,a,,,.,a
.non,;,s,,, -, o.a,,~,;,, ~ g., nno - as>I;
ed to aab,s con,,,rred hacoro ,ho - hon
Homestead ,ror;s;on a tho rons.;t,..:o, r.
VIRGINIA want ;u,c effect was decaad \,
T,a.,o p;vor - l,o ,.,oonst;,,.,;a,,al :.
io,ruoa ~ oI.,o..t, a,>:,,;a., , .s. 49,
- ..,,>;s,' ~ -, oF'"'o" nAa u0o's'on'