St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-05
FINISHED ITS WORK.
After a Two Days Session the
National Convention Of
Representatives
OF Commercial Bodies Of the
United States Approves Il
the
National Bankruptcy Bill Pre-
pared by Colonel Tor
rey, a
Counselor Of the Associated
Wholesale GroeerS Of st.
Louis.

The national committee OF represent
atives of commercial bodies, which has
been in session at the West hotel for
two days past considering a general
bankruptcy law for the whole United
States, finished its work yesterday aft
Groom by approving the bill and ap-
pointing committee to push it through
congress, and adjourned sine die.
In the morning the convention was
called to order at 10 o'clock, and after
hearing partial rep TT from the COM
mittee on bills, and the report of the
committee on resolutions, adjourned to
visit the Exposition. The committee
thanked the ladies of the West hotel
for their kindness in sending flowers,
etc, the local reception committee for
cOurtesies received at their hands, and
the newspapers of the Twin Cities for
the kindly treatment accorded the con-
vention and its proceedings have re-
ceiVed in their columns. The committee
on bills was hard at work from II a. m.
to 3 %. m. when the delegates once more
assembled to listen TO the completed re-
port.
The only really important change
from the original text of the bill re-
commended by the committee and adap-
ted by the convention, was in section
"a relating to ''who may become bank
rupts." The section was considerably
simplified and also broadened in scope
by altering. so that it now reads as fol
lows: "Any person owing over $500
may be adjudged an involuntary bank
rupt upon petition OF his creditors or
part of them: except o. wage-workerS,
% those engaged exclusively in raising
trnl m
charitable, literary, or religious corpo-
TatiOns, a. national banks
Nearly all the other changes are I'M
important corrections. or alterations in
the grammatical and rhetorical con-
struction.
The committee appointed to prose-
cute the work of getting the bill through
congress is composed of the following
gentlemen: Peter Nicholson, Joseph
Goddard, William Z. Screete. f. w.
Risoue and Anthony Illner. The du-
ties and powers of this committee as
laid down i'll the report of the commit
tee on permanent officers, which noml-
mated its members are: 10 lay be-
fore the president of the United
States the work of this and the
former convention, and request
him to urge in his next message to
congress the necessity of passing uni
form aud equitable bankruptcy law in
accordance with the provision of the
bill which the convention has approved,
to lay the bill and the arguments in IA
vor of such a bill before congress. to
add to its own membership to appoint a
finance committee and other necessary
committees to raise money by subScrlp-
ton to prosecute the work of pushing
the bill and securing its passage, and
in fact. to exercise all the powers that
would be possessed by the convention
if it were III session.
During the afternoon session the
committee Oh credentials reported the
following new members:
Boston Executive Business association,
Beverly K Moore Minneapolis: James T..
Wvman. st. Louis: C. P. Walbridge, Mime
apolis; D. N. Gilmore, Minneapolis: Bust
ness Mems association. kalamazoo. c;
H. Chadbourne, st. Paul; commercial
club Boston, C. 3d. =; Comfort Ti0Ieo n New
New York jewelers. association, New
York. c. P. Lowell Philadelphia. A. j.
Blethen. Minneapolis, chamber OF COM
merce Rochester, \. Y; Charles Wuehng,
Chicago Adolph Kaspen. Louisville; a. NJ
Allen, Minneapolis; Clay McCauley, Mime
apolis: Spanish chamber of commerce, New
York: j. NJ Bartlett, commercial club. Kan
sas City: James NJ. Nave, hoard of trade,
Elgln, Ill. ii. W. NaSneF, hluHedpolls
Judge Atwater read letters from Sem
ator c. K. Davis and congressman &. e..
ComstOck, d. S. Hail. NJ. Il. Dunnell and
S. P. Snyder, of Minnesota, declaring
their sympathy with the work of the
convention and promising their support
TO a properly framed bill of the kind
contemplated by the delegates.
One or two bills of similar intent have
been presented TO congress in times
past, but have met with strenuous oppO-
sltion, and all have been defeated.
Heretofore most of the opposition has
come from the thinly settled districts of
the Southwest, and the present bill has
been framed with the idea of overcom-
ing the objections that have heretofore
been offered, so that the delegates be-
lieve that much less spirited fight will
be made against the TOTrey bill than
has been stirred up on former occasions.