National Republican. (Washington City (D.C.)) 1872-1888, 1874-01-06

half, shsll produce 10 tAs nesting statement
showing the whole Of his assets and debts and the
"Such resolution, together with the statement
Of the debtor to his assets rnd debts, shall BE-
e i. Il me he csStor =
than five days, and upon hearing, inquire whether
such resolution has been Passed in the manner
has been % passed, It shall subject to the provi
sions hereinafter contained and upon being salts
tied that the same is for the best interest OF ali
anu esntement Of assets and debts TO b Med;
ana until such record and filing shall have taken
ss sven sssSlpsS S shan p q nS .ia.sy
rscordS and statement at ali reasonable times.
"The creditors may, by resolution passed in the
manner and under the ciroumetanoes aioreaald,
previously accepted by them, without pretudice
TO any persons taking interests under such provi-
ton. And any such additional resolution shall b
presented to the court In the Same manner, and
proceeded with in the same way and with the
composition wus accepted in tia, mat inslance.
The provisions Of . composition accepted By such
resolution in pursuance Of this section shall be
dresses, and the amounts o. the debts due to
whom are shown in the statement Of the debtor
Produced at the meeting ct which the resolution
judIee the rights Of any other creditors
where debt arises on . bill Of exchange o.
promissory note, If the debtor shall be ignorant
promissory note he shall be required to state the
amount Of such bill or note, the date ON which II
falls due, the name Of the acceptor, and Of the
sisnisrs within aS hs TSoWisss@ resSecsins the
Same; and the insertion Of such particulars shall
be deemed sufiicent description by the debtor N
"Any mistake made insdysrtsntiy by ., debtor
in the statement OF his debts may be c0srected
sP0s n n Ss snd WITH the
Every such eonpositfon shail, subject to prior.
tiles declared in said act, Provide Tor spro rata
dsb,o 4
uusecured debts or their debts in respect TO which
any such security shall have been duly surren-
dered and given up. ~ = .ht "a
."Tho provisions of any composition msde IN
pursuance OF this section may be enforced BY the
court, on motion made In q summary manner by
and any disobedicnce Of the order d the court
made on such motion shsal be deeped to be con.
tempt of court. Rules and regulations Of court
sition herein provided form the Same manner and
to the same extent as nowprovided by law In rels-
tion to proceedings In bankruptey.
notice, satisfactory evidence, and hearing, that
composition under this section can not, in con-
sequence Of legal difficulties for any sufficient
to the creditors or to the debtor, the court my
refuse to accept and c0nfifm such composition, or
may set the same aside, and, In either case, the
conformity with the provisions Of law, and pro
ceedings may be had accordingly; and tho time
during which such composition shall have been
In force shall not, In such case, be computed in
calculating periods Of time prescribed by said
act"
Sec. II. That from and after the passage Of this
act the foes, commissions, charges and allowances
excepting actual and necessary disbursements Of,
and 10 be made by, the officers, agents. marshale,
messengers, assignees and registers In case Of
bankruptcy, shnil be reduced to one bklf Of the
fees, comnissn:: snd allowances hereto
fore PrcTided for Or made in like cases. Provided,
That this section shall be and remain In force un-
til the justices Of the Supreme Court Of the Uni
ted States shall make and promulgate new rules
and regulations I'm respect to the matters afore-
said, under the powers conferred upon them by
sections ten and forty-seven Of SAID act, and no
longer. And said justices shall have power under
sail sections, by general regulations to simplify
and consolidate the duties, far In their iudy-
ment will conduce to the benefit Of creditors Of
the register, assignee marshal and clerk, to the
end that prolixity and unnecessary expense may
DO avoided.
Sec. II. That all acts and parts Of acts incon-
sistent with the provisions Of this act be, and the
same are hereby, repealed.
And, when 50 amended, the committee recon-
mend TINT the bill dc. paee. - 'L
= And the committee further recommend that the
title Of said act be amended by striking out the
sAmo, and inserting sAR act to amend an act en-
titled An act to establish uniform system of
bankruptcy throughout the United States ap-
proved March second, eighteen hundred and sixty
seven, and for other purposes"