The daily Argus. (Rock Island, Ill.) 1873-1877, 1874-01-06
Changes Proposed in the
Bankrupt Law.
Preoedents for Back Pay
and Salary Grabbing.
The N. z. Bar will consider
Mr.. WiIliem mss Case.
Henry Clews Resumes.
Henry Clews Resumes.
The Unemployed in n. Y.
Meeting Of the Ohio Legis
latUre.

WsHINGToN, Jan. 5.-The substitute
for the House bill repeating the bankrupt
cy act, reported by the Senate Judiciary
Committee, provides for number of
amendments to the present law, the most
important of which are the following
That it shall require the action of one
fourth of an insolvent creditors in number |
or one third of the amount of the debts to
force him into bankruptcy, instead OF a
single creditor or debts to the amount OF
$3.50, as now the protested paper may
run sixty days instead of 80 days, as now,
Whenever majority of the creditors agree
to take the case out of bankruptcy they
may do So The courts are empowered to
permit any number of creditors to make a
composition of their claims in the case of
involuntary bankruptcy. The term OF
four months mentioned in section 35 of the
old law shall be changed to two months, and
the period of six months therein changed
to three months. The first OF these provi
sion is not to take effect until two months
and the second until three months after
the adoption of this act The bill provides
for the reduction of fees, compositions,
charges, and all allowances, excepting the
|
to be made by officers, agents, marshals,
messengers, assignees and registers. The
bill also provides that this section shall be
and remain in force until the Justices of
the Supreme Court of the United States
shall make and promulgate new rules in re-
spect to these matters.
The House Committee on appropriations
to-day finally disposed of the Army ApprC-
| h;Il apd Yaduaa1 tho estimates over
four millions.
The message sent by the President to
the House to-day, transmitting the CORES
pondence and other papers relating to the
Vrginius matter, gives Il plain, succlnct
history of the case with all the features
OF which the public are already familiar
The corressponaepce, &c is exceedingly vol
luminous, but really adds nothing to the
facts already made public
The statement submitted to the Senat,
to-day by the Secretary of the Senate rela
tive to past legislation concerning the sala
ries of Congress, shows the various rate:
h of compensation fixed for Congress at va
IS rious times, and shows that of the acts in
= creasing the salaries, the following wer
retroactive: Act of March 10th, 1896, re
! troactive for six days; of March, 1916
for one year and Is days of January, 1915
y for SO days: of August, 1856, for one year
Of five months and twelve days; of Septem
ber, 1869, for six months and eightee
days; of March Sd, 1e73, for tive year,
The average compensation and allow
ances of all kinds to Senators under th
o. act of July, 1866, was Sc, ,625, and unde
. the same act where the Senators dre'
mileage for special session, $6,922. Th
rit average total compensation under the az
of March, 1873, is estimated at 81 ,60
= estimated travelling expenses included
" There is no record in the Secretary's oflC
showing that any Senator returned b
back pay to the treasury under any of tt
above acts except that of March. 1873.
HAVANA, Jan. 5.-The overthrow of Il
CASTELAR, ministry is favorably received
Havana. The Casino Espanel is especis
] ly iubiant. The volunteers are evident
in favor of monarchy. Crowns on tt
sterus of the Spanish vessels in the harbo
which were painted over when the Repu
lie was in vogue, are now being regllde
lThe imperial Spanish coat OF arms h
n again been placed on the palace Of t
LII Captain General.
New York, Jan. 5-The Bar Associ
ton will, in a special session to-morrt
night, consider the nomination of Mr.. W
liams for Chief Justice.
. Henry Clews & Co. resumed busines
u. day.
The procession of workingmen, W
J. gathered in Union Square this mornir
- marched to the City Hall, where, after 81
eral Intellectual attempts of their comm
tee to see the Mayor or the heads of the
oB- partments, they finally dispersed after
solving to hold grand demonstration
Thursday next,
pers COLUMBUS, Jan. 5.-The General
ned sembly convened this morning. Geo.
Converse, of Franklin, was chosen Spea|
of the House, Thomas Coughlin, Of CIR;
hich ford, Chief Clerk.
AS soon as the organization was comp
ted a resolution was offered asking Congr
so to repeal the salary BILL Referred t
rs special committee with instructions
bug amend so as to censure the President
rock signing the bill.
u The Senate elected s. K. Donovan,
- Delaware, Chief Clerk.
Z CINCINNATI, Jan. 5.-An Enquirer 81
ial to night from Mansfield reports the
covery to day of deficit in the account
County Treasurer r. Ii. Rowland, of 81
N 900.