New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-21
DEBTORS AND CREDITORS.
OPINIONS As TO BANKRUPrL LAWS.

VIM ,frgCnANIS-A VARIETY or VIEWS IN
p!sis~Tp.
Since tbc repeal of the National Bankruptcy law
last vrar an insolvency proceedings have been con-
ductcd under the laws ot thc var oGS states. ND'h
The change was made II was welcomed 10y many
people because rs they claim, e. hcre were SO many
detects m the National law tha ii was worse Than
useless The state law has bccn IN operation more
than veal and that il has not given satisfaction
= shown Low a movement toward the enactment hv
Co,e,s :. OF a law 10 take It's place. With NIcN of
learning facts relative 90 the proposed change the
opinions Of men vcrsed IN bankruptcy matters and
Of merchants generally. have been sought. There
isa marked diversity Oh N,os among the mer-
chants. some of them do no. desire any action 10y
CoueIc.s aud other, are ANXIOUS lor National ic-s-
latIun.
TAIE~ WITH LAWYERS AND MERCHANTS.
= il. Laton. of the law finn oi Chamber
Ian. Carter Baton. WHO hus hac much experience in
Important harsiu' tcN proceedings, ~dd iIai There le
c,iclI .--,t. -tacten with tlc vorSuS o the STATE
l.v because D., permit, preference, and Affords advaa-
sa-s o. friendly cred .or-. ana .l>s enables the credit
o. Who lc-iu "a. first suits tC gc first Judgments u
pgnn. nf tI-i- diligence a. tue expense of ctaer cred
tors. Thea iAtrt provision allowing tAc great
IT, i.l.fyc. creditors de-.vu- I'D touuro,a-c Wi,i q
Ccntor force thr small aud hostile minority 10 WELD
-. guee IH.,luE .ou~r> generally prefer 10 haN no
National ,rucy JAW. because lhcy have corrcsI"u-
deus cyc.. where and dfuHi- rs always securing
the cVtut No can llct,c' .hir interests. al the csc
Jcf-o oi taf creditors. lDc -ua.ri JOINING A"u'ts'
ans Cod, eunii.. ou houses. both ilr small prefer
Nation Ean-fult law which v % compel nj cr"ii'is
u share ahse. TIE LAWYERS are generally
opposed 80 National Baua-Dp. law. because
IN lhc Nhs.ncc oi such law 'arh
creditor ul. resort 90 tlcs'iou himself and instead
q. nu sr.Vc4i ,st.re nciig administers, nN an ns>.'-
viva s single LAWYER whose outy DO IS GO rcifrscn; the
mas Ia Jan IT, o. .lf
cltdDI nrN talks D, -al Steps for .iu-cf suEc lnSo
,.t. thus giving hr,h tu a> many suits al iaw "a
th.lc ale creditors. Besides t.i,. tat G> migriy be-
tween tnc local msoNcut laws 81 tie oincroH States
hc-.i- lt-atiou
4ai. feeling of the lawyers. M E'ton said has s iu
n.eucc ga 'oucr,s.. sud l couuec,n Nah tc Influence
the camille agencies tnr collection bur, aus,
and 60; Other 81 onal collectors, create, opposition
L. acv Bankrupt law, dra't 90 new law. possibly
Msuy drls. vil Dee submitted 20 Congress during the
Nn;cr sas clients ar, concerned. tine details
az mol iuii} settled Possibly provision VII De- nitro
our,a lieu.n- the ltuor oi uteo states District
Jul-es. WAC are now the JUDGES iu bankruptcy. ana
sDia, ,trot- ita-or- are -.N,u loi cisaln- tasos
e, .u-l,a.y ;ui iauHuri,y. The .omru,uoa clause
e. t.r OBJ" JAYS, c"Hl' .Iin- MINORITY "4 '.'n
io.r.ls cf tnc oioiii,is insight approve. viii
n..o Poe Tre-'rVet tic DHict a-i..i ii. 81 'sr az
aari ..-..f.4c au estate uluhfiffcF l- .-..
TuU,l ii 10 .v .h, fees of 81, -nec We're >ui-r Pc
N.- icrs.rrs res W,.r aA,l pr th, statute ana the
&c. Cd. go" ff"futte l"i i'r >'i-H'' NJ ft n'. iA.t
upon u.t'c I'd" h lir cfc''.'i'. VINO Aa" Hr ..i q"
tlc>r a.d object. .tt fIr f~ were .'.'t, -h..iN
fI.t ft fhr 'ouii ln tN' ..r- ann - .I'' Us
Wei as i 'NC+. ""tN' ID. tI -'.-' t'' 'i -ilA i'l
L. Ha, ft f' 'i1 . t"r-' t..r trl'''s 90" 4l'n'-i'
Rt,t.in a. rcIcui iH.'.} ut laws 1t tcie aic
ktuf.~ ,s. Some i.-t Will zee -G- -'i,
a. fic l.v I4W about 'n"'. nr "-- -i'.s lii,i t.it
90, Hv- f.r ..f r, ci- i, Ni .7~i- tr. Dsia4t
i-.N. .+ ....'. N.I' uiA.' t., ''N -'.lt- Up. .."
g. '-f h' '.- if-'i 'l I.' orc .'.4r i. 'i' . 4.'
o. I". IuN ttf. -ift in ti. 4-+- ii' I."'i u" r---
AU fl. .- NitHA l.-t i- ''t.t.i ct 'l'- OFT '-ti
VOC. "uH Tie ir4 VIA '4 iDr l".J'I1 WIS In
u 81 ID, I'D -r. l''D. i-' ..i, ",. v
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