Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-10-04

engaged by the bureau on the recO1lIne
Half a dozen members of the associa-
tion have declared that the adjust
ment bureau Is a menace to creditors.
They say that there have been hardly
any adjustments made and that most
of the cases brought before the atten-
tion of the bureau have wound up in
the bankruptcy court The purpose Of
the bureau was to prevent just such
thir -s.
MIR. Courier, while not willing TO say
that Os se ought to be discharged,
did say that he has not proved cOmpe-
tent and that unless the association
takes Immediate action 1t may be con-
strued that the trustees are sanctiOning
the operations of the manager and the
bureau.
A reporter for the STAR called on
Mr.. Osborne, as' g to see the
books of the bl a. SC hat he could
find out how riia4iy -ses had actually
been adjusted.
You cannot see my books" said Mr..
Osborne. Il will not show them to you.
Go see the adjustment committee"
William E. Cain, chairman Of the
committee, was seen and said: well,
should say not You cannot see the
books The. bureau is all right and no
newspaper Viii get anything out Of
me-"
Mr.. Courier, who said that he knew
of only two cases that have been ac-
tualIy adjusted by the bureau, thought
that If the bureau had nothing to hide
the books ought to be open to the pub
lie.
Curtis r. Burnett, president of the
association, when asked about the bu-
reau, refused to talk, but admitted that
the association is responsible for the
bureau and has the power to dismiss
the committee.
The laws of the association i.re such
that the trustees have no voice in the
management of the bureau. They voted
away their right some time ago. Mr..
Burnett was asked why the trustees
did this He refused to answer and
refused to give his permission to the
reporter to see the minutes of the meet
ing, at which they did this apparently
foolish thing.
Congressman Walter l, Mccoy, OF
the Eighth district, when questioned
by representative of the STAR to-
day concerning the part he was pre-
cure relief from bankruptcy practises
hereabout, declared that an amendment
to the Federal bankruptcy law was be-
ing prepared and that he might intro
duce it in the form of bill in the
House of Representatives.
Three prominent New York law
yers, one of whom is Cornelius w.
Wickersham, son Of the attorney-gen-
H.. rOTasar
ing this amendment to the Federal
law" said Mr. Mccoy, land when 1T
is ready will submit it to me. If 1t
seems to be what is needed l will in
troduce it in Washington.
Charles Freeman Johnson, acting
secretary of the Peoples National
Legal Ethics Society of New York. Will
hold conference with Mr.. Wicker
sham on Thursday, at which time five
propositions will be submitted for con-
sideration.
The propositions have been drawn
up by the Legal Ethics Society, with
the purpose, it Is stated, "to save mil
lions of dollars annually now wasted
through fraud and needless legislation.'
The propositions will be submitted as
follows:
l. immediate ana cOthptete IN
vestigation by tht Fedarnl depart
ment of justice Of fraudulent and
cOIlusive practises against the Fed
eraI laws in all States, and bank
ruptcy abuses In particular.
2. PRONUNCIATION by the United
States Supreme Court of rules gov
erning the selection of trustees and
attorneys In bankruptcy to prevent
coIIusion, action without proper no
tice to all creditors, and throwing
out of claims on technicalities not
affecting the merits.
8. PRONUNCIATION by the United
States Supreme Court of rules regu-
Iating the fees of attorneys and
trustees in bankruptcy according to
law governing attorneys fees I'm
general, business reason and JUS
tice, preventing excessive fees and
preventing fees without considera-
tfOn.
4. Prevention of bankruptcy by
the cooperation of the trade as