The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-20
BANKRUPTCY BILL PASSED
House Substitutes Henderson's Fer
the Senate's Nelson BILL

the senate nelson
Washington. Feb. l9.-After four days
OF consideration the house today passed
the bankruptcy bin reported by the
house committee or judiciary IS a sUbsu-
tute for the Nelson bill. passed by the
/ senate at the extra session last summer.
The bin is known as the Henderson bill.
and contains both voluntary and involuu1
| tary features. II Is considered less dras-
/ tic than the measure passed by the last
| house by a vote of l51 10 Sc.
The involuntary feature. however. had
but 10 ajority. Today "A motion 70 strike
out the involuntary feature was defeated
| by majority Of .. the vote standing:
yeas I5S nays Is. Eighteen Republicans
voted against the bill and twelve Demo
| Gratis for g. The Populsts. With one eX-
| ception. voted against 1t.
Today the bill was read for amendment
under the five-miuute rule. Under the or
der made. the fnal vote was 10 be taken
al 4 O'Clock this afternoon. Mr.. Bailey
sought to secure an arrangement by
which the house could have an Opportuni-
I ~ 20 vote on the senate cor Nelson} bill
before voting on the house substitute. bur
/ he failed. An arrangement was effected.
at 4 o'clock should be on Mr.. Underwood's
/ series of amendments 20 strike out the
Involuntary features of the substitute.
During the consideration Of a motion
| TO strike out the section defining tho
terms used In tho bin. ono OF which de-
| fined an "iusolvent' as one whose prop
| erty. at a fair valuation. was not sum
/ Gent to pay his debts as Mr.. Bland Csfo)
stated that the effect Of this provision Of
I the bill would be 10 declare over one-haIf
| Of the business men OF the country bank
I rupts.
/ Mr.. Lacey Rcp.. Towal said he could
not give his support 20 the involuntary
/ features Of any bankruptcy law. Demo
| cratic npplause)
The debate on this amendment proceed
ed In a desuItory manner.
/ Mr. Bailey Dem. Texas got the iooT
upon another unimportant amendment
and submitted briefly some observations
/ defining his position. lie was as anxious.
! he said. as any member OF the house 20
/ see an equitable bankruptcy law placed
upon the statute books. But his anxiety
would not lead him 10 vote for a rncasuro
which would iuiure the solvent more than
/ 81 would benefit the insolvout.
! Mr. Cannon Rep.. I'D created some en-
/ thusiasm on the Democratic side by an
I nouncing that he would refuse 20 support
! the bill
Mr.. Mahany Rep.. y. " offered an
/ amendment limiting che operations %
the act 20 two years from the date %
/ its passage
! Mr.. Mabanv said he would ~ glad 20
/ vote FOR the bin ~ this amendment were
adopted but he was opposed 20 putting
/ IN operation indefinitely law q this
/ character.
! Tho vote on tho motion was taken ~
/ teIIerr and the announcement that 81 hsf
/ oarried-iaz 70 f2s-was greeted with loud
/ applause.
/ Mr. Henderson Immediately moved 20
! reconsider the vote and Mr. Bailey nov
/ "a % lay that motion on the table
! The motion 20 lay on the table NJ. Hen
( dersor-g motion % reconsider was ios;-
7 10 20 I5f
/ WHOM thfH vote was announced re hour
set Tor a vote a p. M hsh passed The
+ motion 20 reconsider was put snf csFri~f
without division an4 che vote WIS sboat
+ % be token again upon the aahauY
/ amendment. when Mr. Daizru made the
{ rcfr. ~ order that the order uader whieh
tho house was operating preciu6ed any
further action except upon The Tndsr-
WOOD rrrrrfruersz which under me az
/ rsrrauent. were 20 be voted upO1 a.
O'Clock
Thsr point - crse- fh~ speaker -us'a'n-
~. An Interesting parliamentary HfFvE-
a-o roH7ve1 fn vhi~h NJ pafleY NJ
Williams TDeu1 Nisrs a-1 fhs speaker