New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-07
THE BANKRUPT LAW.
prrrR TO SENATOR THURMAN.

A IETTER
THE OFFICE OF REGISTER EXPENSIVE AND UsELEss-
FEES TOO HEAvY-THE LAW OF GREAT UTILITY
BUT IN NEED or AMENDMENT
The following letter has been addressed 10
Senator Thurman by lawyer OF this city;
NEW YORK. Dec. 81, 1879.
MY DEAR SIR: 7 would respectfully call the at
,ort,o, NJ the Committee having in charge the con
templaed amendment Of the Bankruptcy act, to one OF
two matters which IL they have not already rcceiVed
the notice Of your Committee. deserving OF earnest
consideration.
In theifrst place, the system OF Registers IN BANK
ruptev should DO abolished and all matters hitherto
referble TO them should be referred to the various
limited States Commissioners TIE quasiJudicai powers
conferred on the Registers have given some OF them al
idea OF self-esteem and autocratic d0gmatsm no.
originally contemplated by the act and in the matter Vi
fees their charges exravagant without cohsceuce
and often without authority Of law Now, by giving
their powers TO the United States Commissioners ana
limiting the fees those which the latter are emitted 70
charge I'm all matters now referible 10 them ohe Vi
the great Of annoyance 10 prevalent Id pr'c
ticng in the Bankruptcy Court would be substantially
abated would furthermore permit ain iaVits anu oe
positions which may be used in the Bankruptcy pio
ceedings TO be before any u s. COMMISSIONER y.
s. Clerk of Court OF notary public duly authorized ana
commissioned to take oaths.
further and greater annoyance the profession is
clerks Items are dug up from the most hidden recess
es and charges for supposous services follow eaoh
other I'm countless arrav The clerks fees are entrev
too high. Give them respectable salary anu c"'
down all fees onehalf at least The Unlted ota"s NM
shals and their should fall within the same cao
filed against him, let tho expenses DC SO R"t Inn.
creditors may share al respectable dividend on their
claims In the OF voluntary petltloh' iot INC
charges DO even less than in the former instance
One OF the greatest benefits secured by the Bankruptcy
act 1, the provision for Involuntary BANKRUPTCY
be regretted that any opposition should have peoh uo
to 40 wise measure II this opposition is merely I'D inc
interest OF favored few. Congress should not permit
itself to be imposed upon nor be betrayed into
the only safe guard that Bankruptcy act has spreu
around injured creditors Take away the right To iorco
falling debtor into bankruptcy aud the doors arc openeu
to every fraud wary insovcnt can practice against
his victims Let Committee preserve thls moasuro'
but let them also provide against codsye petitions pc
tween debtor and creditor, one OF tho most iu'i
OF fraud generated by the Bankrupt act ana
practice too frequently INDUCED in Thus dishonest
debtor can have petition filed against himself an
under cover of the delays which his friendly cre"'o
sanctions force his remaining creditors 10 Seteen
while he il IN the time sprtins away MS proPcF'
pending negotiations for compromise, thus providing
against his want of should he ran 10 airdnso
with his creditors Now should be no such loop
hole for dishonest debtors and "a stringent provision
should be made against such abuses or inc Jaw. D az
the same time the involuntary should nc retained
for without Bankruptcy act Is no iohgor Pio'o
' or course in making these few suggestions. write
under the reasonable presumption that your @
Will not favor the repeal Of the act It's uy mas oesn
bv the experience the past seven years
and very large majority of the respectable inefcane
community would be seriously troubled were Iney ~"
Jenriyed OF 40 poten protector Murmur even as they
may against exorDitant fees, few wiz ueny Una. iI
Bankruptcy ac properly administered, WI, a., Tu ain
them TO save than they can withoul i,s a
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