The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1884-05-01
rsxt of the sankrunte1 Bill.

WASHINGTON, D. c., April 24-The |
bankruptcy bill, as passed by the SEN
ate, constitutes the several district courts |
of the United States and territories and
the supreme court of the District of Col
umbia courts of bankruptcy, with jurIs-
diction oyer all questions of claims, as
sets, exemptions, composition and
For this pur-
pose bankruptcy courts shall
be always open, as we'll in vaca-
ton as in term time, and when dis
trict Judge from any cause Is unable to
act the circuit judge may do so. On the
application OF any party Interested the
district judge may certify any question
involved TO the United States circuit
court, which is given general superin-
tendence and jurisdiction over ali bank
ruptcY proceedings, and the decision of
the circuit court shall not be reviewed
by the supreme court of the United
States, except on certificate OF
disagreement between the two circuit
judges. The circuit court shall appoint
within each judicial district such mum
Der of commissioners in bankruptcy as
may be necessary, not exceeding in any
state the number of members in congress
to which tue state is entitled, each COM
missioner to give bond in the sum of
s., 900 for the faithful performance of
his duties. He is given all the powers
of q master IN chancery, and they
represent and act for the
Judge is holding meetings and conduct
ing business specially committed TO
him. The circuit court shall also ap
| point supervisor of bankruptcy for
each judicial circuit, who shall examine
| into the administration of all bankrupt
cy proceedings in his circuit, call the
atteation OF commissioners, clerks
and trustees to matters which would
facilitate speedy and economical
settlements, and move the court for act
| ion against delinquent trustees. He shall
visit aud inspect the Office and business
OF every commissioner and clerk IN his
Circuit as often as once in every six
months, and make report to the Circuit
court. The supervisors compensation
is fixed at So, 900 a year. A commission
or's compensation is fixed at
| So, 600. The court may, how
ever, decree HIM further allow
ance, not to exceed $40 for each case in
stituted before HIM during the year, but
not more than 81 900 in any one year
Supervisors and commissioners may be
| allowed reasonable sum for disburse-
ments, items to be verified by both.
Every party petinoning Tor bankruptcy,
whether debtor or creditor, shall pay to
the clerk of court $50, and every trustee
shall pay 1 per cent OF the gross amount
every debtor making compost
ton shall pay one half of per cent. on
the amount of such composition. These
fees shall be paid by the clerk into the
treasury of the United States. Any per-
son owing debts exceeding $500, and
unable TO pay, may, by petition,
apply to be adJudicated a bank
rupt, and the fling of such petition
shall be deemed an act of bank
ruptcy. Any person owing debts ex-
ceeding $1,000. who leaves his state to
avoid his creditors, or who conceals him
self to avoid arrest or service of legal
process, makes fraudulent transfer ofhis
property, or suspends payment of his
commercial paper or open accounts
for thirty days after the same are
. due and payable, or who
makes fraudulent preference, shall be
deemed to have committed an act Of
bankrupt, and may be adjudged bank
rupt on the petition of three or more OF
his creditors whose bills would amount
| in all to $500. The bill excerpts and
exempts in favor of the bankrupt nee
essary and proper warning apparel o.
/. himself and family, and each
OtuShS pAbpSItl a. noJ DC ca
? empled from attachment by thu
law of the United STATES or the state il
5 which the bankruptcy proceedings ara
. instituted, and the court may, from thu
assets. allow the bankrupt sum not 4
} exceed $500 for his support pending
/ proceedings If his circumstances requir'
! | il, reasonable wages for any services rem
j dered his estate at the request of hi
: trustee and the usual fees when attend
/, ing as witness