Proceedings of the 1st-41st Annual Meeting of the National Board of Trade Volume 19

Proceedings of the 1st-41st Annual Meeting of the National Board of Trade Volume 19

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1889 edition. Excerpt: ...Bill. There has been, as nearly every one will remember, more or less delicacy about the treatment of that subject, as Mr. SMITH states very pertinently, because the representatives were afraid of their constituents. They were afraid the Kentucky constituents would criticise the representatives from Kentucky, because Ohio or Indiana had been treated in a certain manner which would enable them to go over to their territory and collect their claims on the same basis that they could in Ohio or Indiana. But when Congress enacted a law which should regulate commerce, it opened the door and let down the bars for men who are dealing in New York, Boston, Chicago, St. Louis, or San Francisco, to do business upon the same grounds in Indiana, or in New Orleans, or in Oregon. The time has come when the credit clerk in New York or San Francisco must put all upon the same basis, and when a man comes from New Orleans or from Oregon and asks for credit, it should be known in the counting room in New York or Cincinnati or Chicago just upon what hypothesis he asks credit; not that the exemption in the State of Missouri may mean a farm and all there THE UNITED STATES COURTS. 91 is on it, or in Minnesota the man's dwelling and all he possesses amounting to forty odd thousand dollars, or in Kentucky, where he can own a stud horse worth $10,000 and be exempt, or in Ohio where it is $500. The instruments used for commercial intercourse vary the same way and the time has come, as Mr. WAGNER very pertinently stated in Washington last year, when we need some uniform system of commercial intercourse; some uniform system of legal instruments. Nearly every one who has had experience under the old bankrupt law, I know will say we do not want any more such bankrupt...show more

Product details

  • Paperback | 76 pages
  • 189 x 246 x 4mm | 154g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236777514
  • 9781236777515