Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1884-12-13
THAT BANKRUPTCY BILL
To Which Members from the South
and West are Directing.
A Boon to Mexican War Veterans
Money Cases''- Minister Foster
ON the Spanish Treasy-Re-
form OF the Revenue.

WASHINGTON, Dec 9-The Bankruptcy
Bill passed the Senate April 90, 1884 1t was
reported back from the House Judiciary
Committee, and placed upon the calender
March 5. Mr.. Collins, of the House Judiciary
Committee, who has it in charge, moved at
the last session to procure a special day for
its consideration, but the motion did not pre-
vail The following is a synopsis Of the bill:
The bill as passed constitutes the several
District Courts Of the United States and of
the Territories and the Supreme Court Of the
District Of Columbia courts Of bankruptcy,
with jurisdiction Of all questions Of claims,
assets, exemptions, competition, and dis
charge. For the purposes Of bankruptcy the
courts shall be always open, as well in vaca-
ton as in term time, and when the District
Judge, from any cause, is unable to act the
Circuit Judge may do SO. On the applica-
ton Of any person interested the District
Judge may certify any question Of law in
volved to the United States Circuit Court,
which is given general superintendent and
jurisdiction Of all bankruptcy proceedings,
and the decision of the Circuit Court shall not
be reviewed by the Supreme Court Of the
United States except upon certificate of dis
agreement between the two Circuit Justices
The Circuit Court shall appoint within each
judicial district such number Of Commits
sioners in Bankruptcy az may be neces-
sary, not exceeding In any State the
nu Der Of members Of Congress to
which the State ID entitled, each Commissioner
to give bonds In the sum of 5000 for the
faithful performance Of his duties. He is
given all the powers Of the Master IN Chan
Gerry, and may represent and act for the
Judge in holding meetings and conducting
business specially committed to him. The
Circuit Court shall appoint Supervisor in
Bankruptcy for each judicial circuit, who
shall personally examine into the administra-
ton OF all bankruptcy proceedings in his
circuit, call the attention Of the Commission
ers, clerks, and trustees to matters which,
would facilitate speedy and economical set
Elements, and move the court for action
against delinquent trustees. He shall visit and
inspect the office and business of every Com
missioner and clerk in his circuit as often as
once in every six months and make report to
The Circuit Court The Supervisors compen-
,ation IL fixed at s., 90 q year. The Com
missioner's compensation Is fixed at $4,000.
The courts may, however, decree him a
further allowance not to exceed SO for each
case instituted before him during the wear.
but not more than 81 ,00O in any one year.
The Supervisor and Commissioners may be
allowed reasonable sum for disburye-
nents, the items to be verified by
'ath Every person petitioning for bank
ruptcy, whether debtor or creditor, shall nav
to the Clerk Of the Court $50, and every trus-
zee shall pay vne per cent. OF the gross
amount realized from the assets, and every
iebtor making . composition shall nav one
half Of one per cent. of tho amount Of such
sompO6itiOn Thsse fees ara All N h. v>sa t..-