THE UNITED STATES. 'rtie foUomng Bill propotea— I. To incprporatE the Bankrupt Sjslom into ihe judical ^ li. To gel rid of ibe machine^ of t'om mi as^ oners and 1. A Rcgiater of Bankruptcj-! ivho shall be flie common atsignea in each diatrici ; reaerviiig. however lo credito^^, Uie right to t»ke die Bankrupt's eatatc into their oun hsnis when ihey prersr it, oad ohhging Hiem lo take it afler u limited a. An inquest in the nature of a special jury, before whom the conduct of the debtor abal) ha openly inveati gated. It then proceoda to make provision — I. To secure the creditor againat frauds. II. To enforce an equal dislribullDn of the Bankrupt's effects. Bankruptcy is provided for as distinguished into voluntaij and invoiuntarj. The rights of a Voluntary Bjiikrapt in the cases specified, ai-e eitended to all persons ; the iiiiljilitj of an Involuntary Bankrupt confined lo m^irchanls and tradert. But an Involuntary BanktLipt may entitle himself lo the rights of the other, by the subEcqucut faimesa of his conduct. It then concludes with a tnniirmiition of ill the discharges have been obtJue^ without fraud nr concealment, " '^^ The system now before congreaa ptovidea onlj' for the casoa of Involuntary Bankruptcy. Those who are unfavourable to a total discharge of Ihe Bankrupt wili have only to alter one line, in order lo substi- tute 11 Letter of Licence or exemption from auitfor aterin nj' A BILL Ta Eslablisk an Uniform Sjjslem of Bankruptcy. B H f R f or^ ihal] be aopoinlpd by Ihp frpsidcnt ol" the Uwited Bank- 1 Juij le found. And the i tor of Bankritplcv Bforc^Ei shall be cmnmillfd to th.:. c Sect. 9. Jlnd ic ;( furl codfBtr.=d hv Ihis iinJtr Ih-. |>iuvisionB of tliis Fic lEKirv io lli^ aotdm-roniii afiaii evidence aa lie ma.j have a knowledge of (oucliing his deb(S> credits or elTectfi. And in di^obcdieDce to such ruie^ he may be cammittGd n-herever he nis.y he found, and shall rorfeit the privilege of a Voluntary Bankrupt. Sect, 12, A:d be il farther enaeled. That it eball be (he duty of the marshal »tien he eIibII take into po!scs«ion the estate and cllVets of a Bankrupt, lo take a eomplete ond mi- to the clerk of Ihc cniirl, liierc lo he recorded. And ^o creditors of llie Bjidirupt shall be peraiitfed lo nomiuate a praiseraeut. And whenever the marBlial tliall be ordered by the court to deliver over the Baiikru|it't estate to the Regis, -ter of Bankruptcy, the receipt of the latter shall be endorsed upon such inventory. Sect. 13. Mi:d be il /irlSri- mocKd, That in all cases where tJie marsh.il or register shall he ordered lo take into custody the estate of a lianknipt, the nei.-es6ary furniture and wearing ajiparel of himself and family, and lb e implements of his trade and husbandry sbali be esemptcd. And iIib court may order a reasonable allowance for the Bubsisteuce of the debtor and his family, to be raised »nd paid from hi.'i ell'ecls until he shall receive hia discharge and three months after. And at any lime before thn debtor is adjudged Bankrupt, the court niaj, at the request of the debtor, and at an} lime after, on petidon of a creditor, or suggestioii oi Uie register, order a sale of Ihe Bankru[.t's estate, or of any part thereof; on which sole a credit may be allowed, when necesBsry, to make llie article bring B fair price. Sect. 14. And bt it furlhir ijiac.ted, lliat immediately aflef the estate and ellects of a Bankrupt become >esled in the register, he shall advertise for all the creditors of a Bankrupt to a^peor before him, on a day lu be. assigned for that purpose, and prove their debts, which day shall bu at least four months from the daj' of such adverlisement. And all debts shali be court of law or equity ;but the Eankrupl maj be rccdvedtsa witness in such tosea, and his books shall be laken as prima facie evidence either lor or against Ihe demands tliat ma^ be made by the register or his creditors, to answer suth inlcrrogatotiea toticbing such di'manti as tlicy propound to him, and m^y of the Bankrupt, resident within the district, fhnll be re'[u'ired Umted Stales, mni not in the dislricU tboy shall' be'allowed ijl month? % and if without the Uuiwi States tnclvw munlhE, onl/of requiring Ihcm io pay and safiffy to llie said Regialei- tliE sum wliicil liy law' is reserved ditreujjDii for espenses or otbcrwiee. And the Ra^iAue Uicrcupon 5\m» dditer over aueh effecLs in piir'niiiL.,. dl" -in li ,,r,l, r ((ril[ii)i the receipt of Registcrof Bankl'lllitci ior llji; u.-i' o( (lif i ii ililiu.- "Ilo slw duly pr'ovti th^ir dtbl^ Ofiamn iucli l;aiikru|;t. I'mid„l. I'lit liolhitig herein shall be conetniiHl lo depiiie Che UailedStati of the prcfereiicc u^ciitcd by kw in favour of debts due II OnitEd SlKlt!i. And if any person knowins himEoll unable lo pay hia debt ^liall purchsie efuii or produce u] »iiv oik on i:r<.'dil. and di perfon sf ■ good ilcfiis , „ dilora of such person. Provided. Thjt notliina lu rtiji c. cd shall he construed to devest uni ii,l,-v.-( in tli.' acquired by buno hde puti^lwtes lur a valuaLle cojisirlr without notice of the fraud. Sect. IB-Jadbc il further nacleil. That all puhlii □rnoticE required bytliis set Bball be madein coid'on the pmyisions of Itie third aection hereof, ceipectiiig sue lications. Sect. IS,,f«,?;. .V fri-'I.. ^ ,;,y,f !.-,!. Tii;Lt"lM-r..'..Ti clerk or marshal. And Ihe said courts nrny make b11 such ne- ceMSTT rules and orders as may be deemed requisile to carry into effect this aot according to llie true interest and meaning Sect. 22. And be it further taacUd, That the discha^B □nder tills act of Hny person beinr- u eonariner in trade or jointly boDnd with any olherin any contract, shall in no wise atfect (he legal Uabilitj of any other than the person so dii- chai^ed, and in all judicial proceedings, for the purposes of form, such discharged fasnknipt may be regarded, as to cuch conartnere in trade, or ponone iointiv bound, as civillv ieiA. Sect. 93. And he il furtlur cmrlid. That i1 shall he law- ful lor the Regisreroi Bankrnpicv lo retain imiD all moneye Sect. 27, be Ufmtjicr Enotltii, Tbal ibr the mii^hiil. in cieoulioii of an alUchme the effects ofonechari-ed »s a bankni[H, to li Uiediatrictjudse, h,s warrant to (he marelial to breim oik,, .1 >iii, ..1 .,1,1 .jIIht person »lio ilwll conceal, or contr