New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-07

o.,.r Inv unon tina statute book The general cry H.
do amend this aot 80 that an unfortunate deno rciye
he ut the mercy Vi ui'no"o'' s''o|
creditor. -,
The speaker here described the manner IN wn'cn
man NAV be thrown into involuntary bankruptcy W
getting some friend do IL for him There woro ""o
chances out OF ten that he could get the requisite nun
her OF creditors to put him bankruptcy Win ha'
kind of law undue power has been giVou W 0o''A'n
courts II has created conflicts which nave .e"'ono.
to be extremely serious between the state anu Tue
eral jurisdiction. In conclusion, MT Co"uo'' i0"u ~
resolution which formed his minority rePo'''
Resolved That it is the and Judgen' o a
Association that the interests OF tne oo""'i1 ~
the entire repeal Of the Bankrupt "o'' -
Mr. seweu seconded the motion OF MI Coudert' re-
marking that he believed that it was the sense Oh ma
iority OF the Association. He knew III HIS o"n P"0.o
that the Bankrupt had been maze sn ens"o io no
collection of debts and to enforce the setuement Vi
doubtfnl claims under the stigma which attached 10
case in bankruptcy. Two years ago cleht Oh HIS 'o
sx petitions of bankruptcy filed against him by cred
,,or n, doubtful claim that II was Intended honestly
% contest in State court None OF these petitions had
been prosecuted Through the action OF the credor MS
clients business ruined, under Color OF the on'co
States Bankrupt law Nobody seemed TO De benened oy
this act except host Of officers VINO coected Iees OUT
OF it, nor was it uniform system OF bankruDtcy, TOT
Judge in this holds that OF the capta IN
This country invested in National bank stock is outside
fused concluded the speaker TO grant orders TO snow
cause why the National banks should not be put into
bankruptcy.
At this uncure the resolution OF Mr. Bangs, another
OF the Committee who present, read, being
as follows:
Resolred That the Bar Association favor the exercise
by Congress Of its power to establish uniform system
OF bankruptcy throughout the United States and socits
the jucous and deliberate exercise OF that power IN
the form of enacments which are TO DO Tree from
the defects of the present law -.
ResOlred That this Association favOrs the unqualified,
and speedy passage by the Senate OF the
passed the House OF Representatives, and also favors
the enactment Of new law. better adapted thah the
present one accomplish what should DO the true OBJECT
of a uniform system Of bankruptcy.
One or two other gentlemen spoke on the question.
Mr. COndert's amendment. advising the unconditional
repeal of the act, then lost by vote OF % 10 Al
Mr. stern moved TO refer the original resolution moor
pOraed in the report submitted by Mr. Nco! Dack 10
The Committee with request TO report ID full TO the
Association at the meeting. This also was lost and
the original resolution then adopted by vote OF 81
TO 90 -, .-.
MI Marbury moved that all members OF the Associa-
on who have cognizance of any frauds evils, or abuses
connected with the present Bankrupt law be requested
as they might deem appropriate. This was at first
laughed at, and various mirhfu suggestions $40 the
propriety adding Mr.. Mrburys name 10 the list OF
the Committee and appointing some day Tor tho nearing
of complaints we're offered Mr.. MarDury said he was
by no means testing. but In earnest and ms resolution
was subseq passed unanimously and the meeting
was adjourned.