New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-22
ton OF the Board OF Management IKE pli was ihuo
duced in the House by Mr.. Ellis
FOR AUNIFORM SYSTEM OF BANKRUPTCY.
PROVISIONS OF A BILL PASSED By HE SENATE YES

FOR s1.NIFORM SYSTEM OF BANKRUPTCY.
PROVISIONS OF A BILL PASSED By HE SENATE YES
TEGDAY.
W,sutNGToS. April 21.-The Senate to-
dav after debate amended and by vote of 81 TO To-
passed the bill 10 provide uniform system OF bankruptcy
throughout the United States. As finally passed the Dill
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 oemS
assets exemptions composition aud discharge FOE 'o
purposes Of bankruptcy the courts shall I've always "en
as well IN vacation in term time and when the Nr'
Judge from any cause unable to act the Circuit Jrdge
may 90 so on the application OF any party lu'er'''
the Distric, Judge may certify any question Oh Jaw III
Waived 10 the United States Circuit COur. when Is gwen
general superintendent and Jurisdiction ot al
proceedings; and the decision of the circuit I""l' ''
not he reviewed 10y the supreme Court OF u" '''
States. except upon certificate OF dH"sr''n'" '''
fhc two Circuit Justices
Tho 'front.' Court shall appoint within each tuicai ais
t,ict snch number of commissioners I'm bankruptcy a.
may be necessary not exceeding in any Sta'' 'i'
of Members OF Congress 10 which the stare - en-" "
each commissioner to give bond In tie sum oI 'V' "
th faithful performance Of his dnties He ~ gwen an
the powers Of Master in Chancery ana may represent
ana act for the judge holding meetings and conducting
business specially committed to him. The Circuit 60 II
shall also appoint supervisor IN bankruptcy Tor each J
dcial circuit who shall lersonay examine INTO 'he at"
IrniStraton Of all bankruptcy proceedings III Ms '''
call the attention 81 commissioners clerks ana trustees 10
,n,ttcrs which would facilitate speedy and economical
settlements, and move the Court for action against ihf
delmcuent trustees He shall visit aud inspect the once
and nuspcSs OF every commissioner and clerk IN hl7
circuit a. often Us every six months ana
make report 10 the Circuit Court The super
yisors compensation is fixed at $4,000 a year
The commissioners compensation is fixed at SOW"
The Cot may however decree him further allowance
not TO exceed 80 for each case lnSlnutd pto't ni
during the year. but not more tlan SlooV III any ~
year TIE supervisor and CORNERSTONE may -" g. 49,,
rhie sum for disbursements the items 10 pe vel
Ercv n"rty pettonng for bankruptcy. whether debtor
or creditor shall pay 10 the clerk OF t9G cur 90" t
every trustee shall pay per ceut Of he gross amount
realized from the assets and every doctor mdhhR com
poson all pay Onehalf OF one per cent on lHe aou
These fees are all 10 he ptn oS 'pc
clerk into The Treasury of the United states. ANY person
owing dct, exceeding $500 and unable 10 pay. may ny
netition appy 10 he adiudicated bankrupt, ana me
nling OF suCh petition shall he deemed an - o. "
rIptcy ANY person owing dcDS eNceeuhc - VoV vi"
ieaves his State avoid his creditors or C"hcc'llS
himself avoid arrest or me ScI'ire -, ~.
Zeal process makes Fraudulent iran tc,
Of suSpcnds payment OF MS cohuti't"l
noner or omen accounts Tor thirty days alitr tht S'
are due and payable or who makes triudul' III prefer
ence shall be deemed 20 have committed an act OF "a
rlpicy emu may be adiudgcd a bankrupt on lth"oh" 90
three or more Oi his creditors whose bills would amount
in all 20 $500. A. ,...,.,,,.,
the necessary and proper wearing app@ic. o. hh9 ah'
family and such other property as may re 'Ae"i'cs
from hment by the laws OF lhe Ihltl Ht'l'N vi "
the Riate ~ which The bankruptcy Frocscdh@s are h'
tucd ana from thc assets allow the Mans"
1ut q sua not to exceed 500 for H. support lrhihE
ic uToca,dingS, n ms Circumstances require d. reason
alc va for services rendered IN c''4i' q" l'
TeGuesi OF h u1ste, and The usual fees when attending
a "A