St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-17

chandise the collection of at least part of
the selling price. such law should OF
course. give 10 our people, who are honestly
unfortunate in the development of the re-
sources of the country, discharge. The oc-
equations are necessarily not so much d.
versified in so new country and the hard
ship. therefore, OF becoming insolvent is
very much greater than i'll more thickly
settled country where the occupations are
more diversified.
Revision Needed.
W. j. White, Editor of the sun, Brandon,
Man.-We are not governed by the bank
ruptcy law of England, which was last re
ViSed in 1888. but have bankruptcy law of
our own 1t is largely the same as the Eng
lish bankruptcy act, but IS very much sim
rler The last revision of our law was. l
think, in 1885 Our bankruptcy law gives
general satisfaction. ~ l never heard OF a
suggestion OF It's repeal Ihey would not re-
peal il by any means, as we CONSIDER IL
necessary part of our commercial law l
have Just learned that there is no bankrupt
law in force in the United States and am
very much surprised. ! do not see how you
get along without il. In the interest OF the
wholesale as well as the retail people We find
il a necessity and great advantage.
"A Good Thing.
q. c. Chinn, Editor of the News, Canton,
MOI have examined the Torrey bank
ruptcy bill. which was passed by the last
house of representatives, and think that its
passage would be 4 good thing in the inter
ests Of all of our people IL has been IN
dorsed by many prominent BODIES IN our
state and among them the Associated W hole
sale GrOcers of ST Louis, Business Men
club, Joplin; Cape Girardeau Board of Trade.
Kansas City Commercial club. Kansas City
Paint. Oil and NarniSh club, Mechanics kX-
change of ST Louis Missouri Bar aSSOela-
ton. st. Charles Board of Trade ST. Louis
Furniture Board of Trade, ST. Louis Paint.
Oil and Drug club. Springfield Board OF
Trade and the Young Mems Commercial
Club of MOberly.
Satisfied.
/. P. Hunt. of the Free Press. Mankato,
Minn-Our people are we'll satisfied with
the Torrey bankruptcy bill and think Ii Will
be enacted by congress. The OIL mas Deen
very generally discussed among the banking
and business men. aud so lar as l know, is
generally supported We all feel the inn
portance of a bankrupt law. such as the one
In question. Our country is III good shape
financially and so far as | know none of our
citizens will be relieved under the bill as
honest insolvents, but we think its enact
ment viii promote the general well-belng
OF the country.
John H. Campbell, Pawtuxet Valley
Cleaner, Phenix, K. IL am not familiar
withithe Torrey bankruptcy bill, but am I'M win
the subject of bankruptcy. generally. II
that measure viii prevent bankruptcy, we
all Of US viii support it..
QIIck and Economical
V. c. seward, of the Messenger, saltwater.
MINI Our people have not perhaps,
considered very fully the subject of national
bankruptcy legislation. but my understand
ing is that they are generally i'll favor OF a
uniform law. | do not think of any honest
insolvents who would be benefited by the
passage of this law, but our commercial in
ierests generally, l think, need such law
for the promotion and Strengthening Of
credit and the quick and economical dis
tribution of bankrupt estates. i'll the event
Of that class of misfOrtunes.'
Discourage Dishonesty.
Charles H. Slack. of the Courier, at Bristol
Tenn. - Bankruptcy legislation is needed
1t will promote honesty ana discourage dis
honesty: enhance credit and enable our
more enterprisng citizens to more adVant-
ageOUsly prosecute the various enterprises Oh
our wonderful country.
Start Anew.
James H. Duke, of Scooba, Kemper county,
Miss. editor of the Herald think 1t well
for congress to enact bankrupt law, because
under its provisions our citizens who have
secure a discharge from their debts and start
anew. l do not think that because a
man has failed in business or IN
the promotion of some enter
prise, without his own fault, that he should
be condemned TO servitude and his family
TO neglect and his children to grow up with
out an education, but that he should be
given an OppOrtunity under the PROVISIONS OF
Il general law to make the best livelihood pos
sible for his dependents both Tor their Dene-
ii and for the people al large.
TO Promote Honesty.
B. B. Herbert, the originator of the Ma
tional Association and Publisher of the Ma
tional Journalist of Chicago-A wise bank
rupt law would be good thing. practiced
law under the act of 1867, and realize the
Justice of many complaints which were
made against it. The fees of the officers
under the old law sometimes amounted to
more than the debts Of the bankrupt. which
was Of course wrong. l would most heartily
support bankrupt law which overcame the
objections to the old one. and which III its
operations would tend to promote honesty
and fair dealing. and make ample provisions
for the punishment of persons guilty OF
fraud.