, 1873-10-23


regular eonrso Of tratt:nd commerce.
Whilo II is r.,o that tho hankrrt ays'9m or Great
Britain lAa been gradually bnt up ai!lce 1h4 hnn 70
Ruinc aSont IN Tho nodc for our taw # nst hn rccn.
lesto Aat tho limited afsa OF territory oycr which II
' Of trnnsasK ar @ Ssssisss. wis nross thoro Should b.
duly retarded III forming bankrupt inv Tor tho
United sS!S,: ,or IN o,sn, tim wo,ano =,
law By hs lRtn of illo o3perienco furnished IN is
application to contracts n'nac snco lis enactment, We
ough revision 70 adapt It. to commercial transactions,
nao IN Tho ordinary mud regular way of bRiness. nr
etato Of var or & universal srnpSn Of tie COURSES IT,
OF trade. ,,,
,n9 attempt ten a. anu anne G,l noaaihlo co
most tecihical anu hrtcia uoVccR known to tho legal
mind haso been framed IN tho hope to meet ard asser
Hence. tho farat Rtena IN tho process p1hce both
debtor anu efeuor IN tho charge Of officers appointed
tien for their scrv,rca by fees.
Tho uutes, 10 largo exsont purely technical which
orpornnites for charging such fees by interrosing
tsicnlties IN tho way oi receiving proofs and papcra
required by lay. '-..,
to prcpure hts papers, and paid him for tho service,
often finds that ecl papers arc no: satisfactory to
law moves; and he, If ho chooses, mny object 10 and
alter the form of proof and demand fec for tho
Service that Will ho no. only ve5a!ons but oppressive
nasihtanta engaged in tho preliminary processes and
service aro }aid by fecs an any ono who haa nad 5mt
they accumulate aud how difficult It is to understand
b. whet rules they arc computed. ,.,
pass nsn into a aa " N q 20
tho creditors %9 lnvs PROVED tn91r aeoe' place. places
lin go completely IN tue power anu nhuer tue super,
vision Of tho Court tiat no cai acNfcey move oeyonu
fho smpSst cases ~ @ se " sne q,
orders quite often arc not attanabe BEFORE
has been made a t. ~ Mnesster or some ohor officer and
The expenses cf tho AAAignee and his componHatton
must niho w l4ia ou o, lug esa,o pSiose
Il us IL eeSuts aud s so by he g
Register or oher " ,o Soa1t .S oe'a =. t. m o.o
1ne lGsl1t VI tlo HAuo "Sseiit ~, tnnt ~ tneso
rarely hNppens that creditors receive dividend At all
approaching tue amount hnt had becn oncrod ny way
1desd the RESULTS o, settlements under tho law,
that nave neen communicated 70 w. alo almost m.
% Mnpre ny % s M ., cs f
has bcen rcaliztd.
Such experience Is not limited to our own country
ior II 9 ssatGu n an Engsh , ornal 2, gseat aor r.
tic esntes of pinlkrupH nmoln!s Oh the Average to
gu per se o t S y"
business ncn, that or Inv Ia not sattsfsetory and tho
amendment ,nao to It At te lsst session of Congress
ment refers specially to te exemptions Of property
leonghg TO tho aop'or as Rnau not pass 10 LILO As
i Congresas Ind rroviaoa for an allowance to tho
tleb!or TINT snona ne UNIFORM, no one WONG nave
Eooo ~ XII op ~. acsrai IT, "1n h ~
NV, .sln ,nnv 1n nnwoi ~ sntn 1n,.s tl,av entNr
EInna WA. .ay ~ i ~ o.to aA"h' t's sn1'l
6eE!u ~ ~ a.ons H @ ~, ~ itas.ve W.
from $500 up to 5000; md whore homestead and
furniture allowances are granted utmost without limi-
ta!ion debtor may fens1n n very comfortable pic
ios,"'s4o" 1 "'' ~ 0" " 1~~1 e>se ~
IInarr sncl, n pystcm tho Inv cnses to bo uniform
throughout tho United stntcs, and 1t may well DO
doubted Whetnef ~ taG anLIoa!e1!on o. sucn pro-
~ th,s IAN Inv is a ,Sars f disehnrne of iis Jnbtor
from Mi obligations existing ct The line be becomes
tho ebect Of its application, the credit should have
Tue fent 70 !tnas. I'll & tn ~ % a ~ , VIZ ~ ~ rSms @
10 Hss ;n' '"' ''0 e4A'A @A'"' I've ~ ~ "a'
Ihero nru othe, defects in tho law that may bo brief
Is noticed. Tho several District Courts OF tile United
Btacs oil hhvo Original ~ cases ot gAlN-
r ras,,,,n," %. ~ Tho r,,irs n6sa iy tia suprne
Court of tic UH!tcd States yet In lnuny cascs tho
opinion Of the District !udRe becomes lha nnu coll
ct1bire, aia tHis ns e.a ~ i - III
~ .rtc n oumai IN aoweu 10 io gurotuo Court Of
tLe United atacB whero tho III controversy docs
not exceed $? 900.
1t results from our examination o. t1S Jaw anu from
tle opinions Of many OF our most eil1geft ols1nosa