Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-10-04
OSBORNE FOUND
WANTING, SAYS
A. C.. C0URT|ER


sociations in all lines with their
members, simila- to banks in times
of panics, to tide over and NIKE
settlements, experts in each line of
trade securing better results for
creditor and debtor than lawyers,
whose only in their ignor-
ance of the business is destruction.
8. To cause action by local Judges
where local bar associations refuse
to act against criminal. colIusivc
and fraudulent prsctfses by attor-
neys In all localities, stimulating
Judges to enforce law against am-
buIance chasing. soliciting claims,
fostering litigation, perjury, deccp-
tlon and other evils, and to sum-
mariIy punish attorneys who de-
ceive courts or clients, take money
from clients without bona nde sery-
ice, embeEsle from or rob clients
by any artince, betray clients to
adverse interests, illegally alter !
court records, procure the ISSUANCE
OF illegal court orders or deceptive
and m~isleading entries on court
dockcts, commit perjury and sub
~ornatiOn of perjury. accept graft
money. commit i~Bdictnblc offenses
and other maifcasance while in
public office, and other criminal and
unprofessional prnctises and con-
spiracies against State OF Federal
laws.
There is already before the judiciary
committee of the House." continued
Mr.. Mccoy, "a bill to repeal the bank
law. 1t was introduced by
Judge Clayton. of Alabama. who is
chairman of the committee. There are
many business men and attorneys in
in the workings of the bank
law who believe conditions
be worse If it was repealed out
right than they are now"
Cost of administration continues to
room in bulk over money paid to credit
DIS in most cases in the local bank
court, which have been ex-
amined. Creditors of Thomas Cort, OF
Orange, however. Jared considerably
better than the claimants in most other
They get 1856, OF which POI has
been distributed. The summary
Total realized on estate. $720.4s;
"cost of administration" $44S.os.
In this case as usual there appears
names of thei prominent members
Of. the so-called Bankruptcy Syndi-
Nathan Biider was chosen re-
and later trustee, and in both Of
fees he appointed Senator Harry v.
Osborne as his counsel. Bi1der re-
ceived $1Ss.S2 for expenses and in COM
during his administration as
receiver and trustee. Senator Osborne
received $150.65 for legal counsel he
Bilder who is himself a bank
attorney.
Ten creditors with claims ~aggregatina
81, 040. SO, received a dividend of 20 pei
cent, or a total OF $20S.15 when the frs
dividend was declared. A short timt
later the trustees final report wa,
fled showing a balance of $210.54 sub.
ject to administration expenses ant
After allowing certain sunni
to the trustee, his attorney, referee:
expenses and a dividend which had no
been paid with the first batch of 20 pei
cent, there is left for the creditors
$50. &c, or a second dividend of .O66,
AS a subcommittee to investigate
bankruptcy practises Borden D
Whiting. chairman of the legal com
OF the Board of Trade, has ap'
pointed Thomas L. Raymond. Herber'
w. Knight and Hugh B. Reed. State
prepared by Charles f. johnson
the acting secretary of the People:
National Legal Ethics Society, were
presented to the subcommittee FOL
consideration.
The Board of Trade f. investigation
the unethica1 practises from point
of view of the harm done creditors.
The trustees of the Lawyers Club
the Board of Trade was given to under
stand, would consider the bankruptcy
practises in view OF the alleged un
tactics of members of the lega'
profession.
usxra~., eaaaol hox. mr. pir1 should aA-