New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-20
BUSINESS PROSPECTS.

THE BANKRUPTCY CASE OF JAY COOKE & Co.-wIrH-
pRAwAL OF ANOTHER CREDUoR-THH QUESTION
OF PERSONAL SERVICE DISCUSSED BY THE JUDGE
PHILADELPHIA, Nov. 19-In the United
States Court to-day. in the bankruptcy case OF jay
Cooke Co., Mr. Price, who last Wednesday indicated
hls intention OF coming into Court this morning ana
asking for an Injunction to restrain the defendants rom
dsposing of any OF their assets IN any Other man
ner than such as might be directed by the Court,
and also for the appointment OF a receiver an
nounced that during the intervening week his
client bad ceased to have any interest IN
the case Charles Downing then presented the petition
of Edward Whipple creditor to the extent OF $500
asking leave to intervene. Judge Cadwaader said the
petition would be allowed and Mr.. Downing could use
his own discretion 10 whether he would make per-
sonal service OF the order come in next week under
the steps that had already been taken, and see he
would not be entitled to adjudication under them. He
thought this case very simple one, though msun
derstood by tho lar. IL any mistakes had
hitherto been made, it was easy 70 correct theu
by personal service because the residences OF the &c
PENDANTS were known, and personal service was pos
sble thing He thought personal service would De sum
Gent though he did not wish to to PREJUDICE the
question before it regularly before him but he
was not sure that By publication would Suffice
because the residences of the defendants known.
II Mr. Downing should ask injunction to restrain the
defendants proceeding under their paper OF OCT
he would grant it. Mr. Downing said ne woud consult
his client and consider the matter.
AN IMPORTANT DECISION REGARDING BANKRUPTCY
PROCEEDINGS.
WASHINGTON Nov. 10. - AttOrney-General
Williams on question submitted to him by the Score
tarv of the Treasury, decides that payment made
nv debtor 10 creditor who has committed act OF
bankruptcy and against whom proceedings in bank
ruptcy have been instituted and pending, but who
has not yet been adudged bankrupt will not be valid
in tine event OF an adjudication in bankruptcy in such
proceedings the payment occurred subsequent to the
fling of the petition therein and that payment made
by debtor to creditor who is known TO have commit
ted an act OF bankruptcy but against whom proceedings
have not at the time taken is valid in so far as 1t
is affected by the existing Bankruptcy laws.
ACTION OF RICHMOND TOBACCO MANUFACTURERS.
RICHMOND, Nov. 19.-At meeting OF the
Tobacco Manufacturers Association the following reso
luton was adopted:
Resolred As the OF the Tobacco Manufacturers
of tne CITY Richmond that the passage or law by
CON gress allowing lcorice and other essential ln
gredents 10 pass under bond into their manufacturers
free OF customs duty would greatly stinuat Cne pro
auction of the manufactured article Tor donestc cOu
sumption. well increase, by more tnan douole ire
amount now exported outward, thereby increasing the
trade in favor or TINS country, hu Jus oio
than compromising the national treasury for the loss OF
duty ON these articles We therefore request our SEN
toTs ana Re at tue next session or Con-
qres TO advocate the passage of law looking 10 suoh
Results
The manufacturers VI Petersburg, Danyile, and
vnchbrg and those other States, were requested to
take similar action.