, 1894-07-18

IalrS under such circumstances.
3rd Grown Member (Brun) would bac
to say, that II would no doubt be good to
have those rules from the Law Of 1879 -
tended to the colony, but to single ont one
special part Of the law, some few parauranhs
and make them valid here. would seem n.
sufficient, better extend the whole law Of
course with such special diferencrs where
the circumstances in the Mother ,onutrv
differ from those here. He could not see any
reason for having just that one part Of 1ho
law extended he knew very we'll that
the ?. oposal has originated in q special recent
case, but that does not make it less desira-
bic TO have the whole law. The point which
has been dwelt on is this. that a debtor So.
cures one creditor, to The exclusion of all
others, and that this does not SO much affect
creditors here, as those abroad, because par.
ties here can undo q mortgage in movables
before the = weeks have expired and Ger
tainly creditors abroad do run a big risk under
such circumstances, aud credit would be help.
ed a good deal if such mortgages were prohi.
bited but those special enactments are to a
certain degree mixed with the other part Of
the law and if we are to do any thing, we
may just as well have the whole law
extended.
lst Member for Christiansted (Creaqh)
would beg to say, that in the same way as in
the case of mortgages in real estate. 6
weeks must elapse before a mortgage
can be considered valid 1874. CByum No.
from the very cay, if recorded in time
."-..)%ell anyhow, the injury done by
a mortgage in real estate is from that very
reason greater than in the case of mortgage in
moVables a man might awake one morning
and find that his debtor has mortgaged his
real estate to one creditor, and left him out
H. l:.n. oa~F4 IL 4o-ol-l -
are being provided to meet that. But take
the instance of a shopkeeper, who gets his
goods from abroad, he has 20 remit payment
and he gets the money for this purpose from
the bank, without an endorser. but on the Sc
curity IN the goods; it seems then but natural
that he must give a lien on his stock, and
the foreign merchant suffers no detriment
thereby, the creditor abroad needs no help,
he is in most cases established all ready but
better help the creditor in the Island first,
and help him thoroughly, in a matter Of the
kind.
LIST Member for Christiansted (Stakemann)
would in reference to the remarks from the
honorable Crown Member beg to say that he
too would have wished TO see the whole Law
Of 1872 extended, but the reason why he
singled out that special part is because that is
easily extended those sections are embodied
in the law, although dealing with quite a diff
ferent matter; it bias been impossible even
to men like Professor Matzen. to explain how
they have come there, being in no way
connected with the laws of insolvent estates;
but they are there anyhow. Another reason
for combining the proposal is this, that the
other part of the law would entail a good
deal Of work and delay and might not be ready
for many years to come, we see fl. how diff
ficult it is to get a Polio Ordinance for this
island. No one knows what the Police regu-
latlOns are; we have some antiquated plaoardS,
not even printed, but difficult to be found
even in the Court Houses, on those matters.
These draw backs would not exist in regard
to the special sections under consideration;and
as the state of affairs really do require some
speedy change, he would repeat the recon-
mendation for the extension Of those sections.
3rd Member FOR Frcderiksted's Country
District (BlockwOod) would beg to intrude
with one more remark, and would then say,
that these discussions tend to show up the
good features of the measures, but none of
the bad features, or at least only a few. But
there is one thing that deserves to be forcibly
impressed, and that is, that it is perfectly impos-
sible to arrive at a !st knowledge of a mans
position financially and to know how far to
trust a man. You see a man wearing a good
suit o~fclothes, driving nice phaeton, with good