The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-05-03

WASHINGTON, May 2.-The house
today, after five days of debate, pass
ed the Henderson bill to establish a
uniform system of bankruptcy, by a
vote of 157 to 81. The majority in ia
vor of the bill was greater than its
! friends anticipated, owing largely to
the fact that quite a number of mem
bers, who desired only a voluntary
bankruptcy bill, after being defeated,
voted for the measure as reported.
There were but two amendments, one
unimportant, the other making the
nOn-payment of a note for thirty days
an act of bankruptcy.
The bill, as passed, is based upon
the Torrey bankruptcy bill, which has
been urged before congress for several
years. 1t provides for both voluntary
and involuntary bankruptcy.
UNDER ITS TERMS
there are eight acts for which a debtor
can be forced into voluntary bank
ruptcy as follows:
First-If a person has concealed him
self with intent to defeat his creditors
for fopty-eig'ht hours
Second-Failed for thirty days while
insolvent to secure the release of any
property levied upon for $500 or over
Third-Made transfer of any of his
property with intent to defeat his cred
itors.
Fourth-Made an assignment for the
benefit of his creditors.
Fifth-Made while insolvent trans
fer of any of his property for the pur-
pose OF giving a preference.
Siytb-E0r0soura6 or cI1ffarad q
ment to be entered against himself with
intent to defeat his creditors and suf-
fered same to remain unpaid ten days
Seventh-Secreted any of his prop
erty to avoid its being levied under le-
gal process against himself.
Eighth-Suffered while insolvent an
execution for $500 or over to be re-
turned, no property found.
On motion of Mr.. Spalding (Rep.,
Mich.) the ninth act of bankruptcy as
defined in the bill, was stricken out as
follows: suspended and not resumed
for thirty days.
Mr. Hepburn (Rep Iowa. denounced
the bill as
A FRAUD ON ITS FACE.
An amendment offered by Mr.. Mahon
CRep., Pa.) to compel the petitioners to
involuntary proceedings to file a bond
sufficient to cover damages and costs,
in case the petition is dismissed, was
adopted-4S to 43.
Mr. w. A. Stone (Rep., Pa.) moved
to strike out the Involuntary features
OF the bill Defeated-72 to 102
Various attempts to strike out GER
tain acts of bankruptcy provided for in
the bill were also defeated.
Mr.. Henderson, in charge of the bill,
closed the debate and at o'clock, IN
der the special order, the bill was re-
ported to the house where, under the
agreement, Mr.. Bailey Dem., Texas
and Mr.. Broderick (Rep., Kan) offer
ed two substitutes, each Of volun-
tary system of bankruptcy
Mr.. Bailey's substitute was defeated
on rising vote-S9 to 120.
Mr. Brodericks substitute, which was
substantially the bill for voluntary
system of bankruptcy reported by the
senate committee, was also defeated on
an aye and nay vote-112 TO 12S. Mr..
w. A. Stone moved to
RECOMMIT THE BILL
to the judiciary committee with in
struotions to report the bill back
amended so as to confine the invol-
untary features of the bill to the cases
of actual fraud. The motion was lost
-SS to 1l6
The bill was then passed.
Mr.. Turner Dem, Va) called ur the
contested election case of Thorpe VS..
Mckinney from the Fourth Virginia
district. The report was unanimously
in favor of the contestant, Mr.. Thorpe,
and without opposition it was adopted
Mr.. Thorpe was then sworn in.
During the debate Mr. Hit, chair
man of the committee on foreign af-
fairs called up and had passed with
out objection the senate bill passed
yesterday, appropriating $4,000 for the
expenses of the Behring sea somTnis-
sion on its deliberations at San Fran
cisco.
At 5:15 the house adjourned