The critic., 1891-01-03
T0RREY BANKRUPT LAW.
JUDGE EZRA u. TAYLOR EXPLAINS
AND COMMENDs THE MEASURE.


lor hNpeuiuoh anu economy III .nc
Settlement Of Estatcs-It Exempts the
Farmer and Wagc. Worker From In.
..e,... y..,,,.,,,.s,
voluntary n""Nr"p'eF'
Tho Hon Fern II TAYLOR chairman of
,ho Cor,ni,too ON ,hc Tnd;c;arv ~ ,ha
iS - 's Is.,s o ~ ~ =, W ~
House OF Representatives, IN discussing
with reporter the measures pending be-
fore Congress snid
az cons;der tbo Torrcy portrup, hill
a. -, ,s,,...a,'. ,.a's,,.l' ,,.,,,
ohc Oh .ne nhost important hic'surcs nov
beforc Congress, ard its enactment ls
being demanded by business men In all
sections of the country. The bill, as you
5oubtlose tnow boe rccoivod tho approval
20 Na,,@s, ,.',.a.,,,,,, ' oa,,,,,pdo5 80
oi u Nauohai ,oiiNeli'ioi'i coihPoscu VI
the representatives OF the commercial
bodies Of the United States, and hundreds
of chambers of commerce. boards of
troao ana o,hor oon,n,oro,o, and ;na,,s.
-, ii 49,, -. - ~.
ifiai oouies' anu mas III auuiuoh the IN
dorsement OF thousands OF citizens OF
every class and vocation throughout the
countrv.p
Iyhn, 20 ,bo ,.o L.io
~, ''assod n ~ Ifo,,s ol 'J III. y. ,Soo 5
hos been favnrohiv re,,or,sd Ss hv ,3 H. ",r Im'
',n5 'i. pe.n laNo9Ihpiy eiepos,eu py 'nc '"-
oiI,uIy Iv. oomHi.ree mus, oi ,ne senate, ,.,,
&c h ,ha ,os,,rne Som mr,p'y sNc" scner"' ou'''i'o
..rba ,,rn';siars os ,ho hi, oro 4, br;of
N. e,iIe,.p,,, Va '"N ''i' wv i'i ''''''
,lin;,od iph3m sto,os d;s,r;ct corrs tovo or;,.
;,,., i,r;sa;o,;,, L,,. So, ,.,
nat ,,n lursuics'In. Iut S,a,e covt,s my ,ry
an efaroos orn 70 ,,a aSnIna;ntod ,, sc;rc,,;,
courts "'e W 'o "pp''N''' W ''''''
'o"1ss. ..rr,,.,s ,,.;u Ia .,,,,e, ,,,. uo
cro,i;tors wa 'o 'Pi''''''' W '"'
s@rhn roforoo % 20 odr,;n;s,or ,,,o oo,.,,
o,d ratnrn tbe recorda into tho court ''''''
.,Tbe t,,,staoe shaIl rainco ~ u,e estate 10
c.sh ma J;"t r;bnt Il i, q, ,,,o ,o
csa5;,nrs y. 49,, ..s ,'oss;lia w '''S
IA sIn Geo .bal, Lo no;j 20 tho o,o,,,
uhcn thc ne,;,;nr ia dIaL as Nc ont;ra
rnmneusa,;an in the case So 10 ms '''''''
.aIha Gnvarnpant .bo,, roco,vo NOR
co,t ~, d;y;dands no;d h,, estates ond hoIf
that amo,,nt nm on J;viderJs id % no;I Z, ", cnmno' n"
s;t;on f'
HThe trustee shall receive from the es.
tate Ave ner cent,,m ON tbe first s5 COO
No IN ort Il, d;v;Jauda two nor caatrn, or
thn sscnrd az ona ava @ per o,,t,,,, o W, W,
add;tionai ov,o,,nts @ Gnu o''e pe' 'e'''"i'i o''
.aTbe referee shall roco;ve M, Ia oxceed
Al ool nor annum and a Sto foe a In each
cose Roth amounts toootber With h;s
eSncnses are to he maid NV tbe Cavern. ,o
ment F''N ~ ''''
1Tbe number of referees shall be ono
Tor each judicial district, and such addi-
uonal number as may be necessary, not
10 exceed S30.
Acts OF bankruptcy shall consist OF
within SIX months before the filing OF
petition III bankruptcy concealment to
avoid the service OF civil process; removal
oi property to prevent its being levied
upon; departure or absence with intent to
delay or defraud creditors; failure for
thirty days to secure the release of prop
erty levied upon; making, conveyance
with intent to deiraud or delay creditors
making written declaration of in
solvency;. making an assignment, pro-
curing Judgment or suffering Judg-
ment with intent to defraud or delay
creditors; suffering an execution to be re-
turned unsatisted; suspending and not
resuming payment of commercial paper
for thirty days; voluntarily petitioning TO
te adjudgcd bankrupt; making con-
vcyance or suffering property to be taken
while insolvont for the purpose of giving
preference, or dealing in options while
insolvent.
"A person who owes $500, except a
national bank OF municipal corporation,
may become voluntary bankrupt.
"a person who owes $500, except n
national bank, farmer, municipal or
religious association or wage-worker,
compositions. may be confirmed after,