The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-20
BANKRUPTCY BILL.
L.h,te for the Nelson Bill
Passed by the House.
hl,STARY FEATURE IS INCLUDED
r,csI vote WAS $50 TO 12D-The
law il Less Drastic Than the
Last House Passed.

..h,nrton. February 1a.-(Spccial.)--
.,ssman Bailey closed the argument
AZ the democratic side OF the bank
q hiIl in splendid speech that was
I, eloauence and strong argument
NJ the measure. He said that all
,,nntry now wanted was a simple and
,snsiye system OF bankruptcy under
4 an honest but unfortunate man could
oder his property and obtain a re-
nom his debts. He declared that he
not support the bill recommended
I. committee because he could rever
10 make an honest man an iuvolun-
bankrupt simply for tho reason that
~ unable to pay his debts. He con.
"a furthermore that even Il the bill
Nee from that objection Ii contained
MAJ provision that would prevent his
botIng II and that was the section
a provided for the taking Of The bank
Into custody bv the marshal.
ARLINGTON, February 19.--After four
N consideration the house today passed
bankruptcy bill reported by the house
mittee in January as a substitute for
Nelson bill, passed by the senate at
txtra session last summer. The bill is
10 as tho Henderson bill. and contains
,ptary and Involuntary features. 1t Is
kidered less drastic than the measure
ed BY the last house by vote of l5T
Il, The involuntary feature, however.
but sixteen majority.
pdsy a motion to strike out the involun-
feature was defeated by majority OF
tecn and the bill was PASSED by 4 ma
h Of thirty-tive, the vote standing ayes
noes 124.
(ghteen republicans voted against the
twelve democrats for 1t. The popu-
with one exception voted against it.
day the bill was read for amendment
H the five minute rule. Under the or
made the final vote was to be taken at
clock this evening.
/. bailey (Denl., Texas) sought to pro-
an arrangement by which the house
il have an opportunity to vote on the |
kls Tor Nelson) bill before voting en- the
10 substitute, but he failed.
d arrangement was effected. however, |
which the vote which was taken at 4 |
I1x should be on Mr.. Underworld |
3s Of amendments to strike out the in
kntAry features OF the substitute.
uing the consideration OF motion to !
'ts out the section defining the terms |
hin the bill, one OF which defined an
Isolyent" as one whose property at a
valuation was not sufficient to pay his
III Mr.. Bland (Dem.. MOI stated that
effect of this provision would be to
)are over one-half of the business men
BE country bankrupts.
+. Lacey (Rep., Iowa) said he could |
! his support to the involuntary lea
h Of any bankruptcy law. democratic
Rause).
lie debate on this amendment proceed
lin desultory manner until Mr.. Bailey |
the floor upon another important
|mdment and submitted briefly some
bervations defining has position. He was
anxious, he said, as any member of the |
kse TO see an equitable bankruptcy law |
bed upon the statute books, but his |
deity would not lead him to vote for a |
hsure which would injure the solvent |
Ne than it would benefit the insolvent. |
&r Cannon (Rep., Ill.) created some en-
|niasm on the democratic side by an |
pacing that he would refuse to support |
J bill
Ar. Mahany (Rep., N. W offered an
pendment limiting the operation of the |
to two years from the date of its pas
ee The vote on the motion was taken |
tellers and the announcement that II |
I carried--132 TO 129--was greeted with |
p applause.
Mr. Henderson Immediately Sloyed to |
bn
Jay the motion on the table.
pDe motion to lay on the table Mr.. Hen
Eion's motion TO reconsider was lost
10 1874.
"aen this vote was announced the hour |
ior vote a oclock) had passed. The
paon TO reconsider was pat and carried |
|'aout division, and the vote was about |
pe taken again on the Mahany amend |
~ wnen Mr.. DalZell made the point of |
W mat the order under which The house
operating precluded any further ac-
4 Except upon the Underwood amend |
s, which under the arrangements
N N 70 be voted on at O'clock This
~ OF order was sustained by the
na interesting parliamentary debate
'~Nee In which Mr.. Bailey. Mr.. Will |
u luem., Miss.) and the speaker took !
X aaicn resulted in the speakers de-
~ the house had reconsidered its ac-
d y 10 regard To Mahany's amendments,
hi. oA :" "as not eAciuded py the
nv Underwood amendment. which
4 out the involuntary features OF the
Nsre then presented and voted on
4, eae order of the house. The amend
NJ Was dereated-139 to 1853.
w vote then CANA nm on ~ubst;t,,ti,,,
! h'nierson bill for the senate. or Nell
/ ''n ana the motion prevaled--I53 to
- cry Dem.. Ark.). the senior mem
"a the judiciary committee, then
~ recommit the bill with instruc-
y. - strike out all the involuntary fea-
IA - acspt those for actual frauds Lost
= ~ .stry Insisted upon an aye and no
4 NJ me final passage OF the bill. The
Sasn passed--159 to lo4.
s''a"ed vote is as follows
AYES-159.
eztnder p surlch'
Sc Md. Bapber
rthoI, Burrows,
adfnra' Belden,
uner Belknap.
rthsr, Bennett,
txs,er Boutelle lMaine)
rmra,i Frederick,