Proceedings of the Annual Convention of the American Bankers' Association Volume 1883

Proceedings of the Annual Convention of the American Bankers' Association Volume 1883

List price: US$9.91

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks


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. 1883 edition. Excerpt: ...the advantage which has accrued to the people by a uniform system in regard to the currency, and it should be foremost in urging upon Congress the speedy passage of a uniform bankrupt law, which will provide the much needed relief. Mr. Theodobe H. Hinchman, President of the Merchants and Manufacturers' National Bank of Detroit, Michigan, subsequently presented the following address: ADDRESS OF MR. T. H. HINCHMAN, ON BANKRUPTCY LEGISLATION. Mr. President and Gentlemen of the Convention: The Constitution of the United States provides for a uniform system of bankruptcy. It was contemplated that the law to be enacted by Congress should be permanent--should relieve the bankrupt and do no injustice to any. Three laws have been enacted. The two first were soon repealed, and the last one, of 1867, was in force ten to eleven years. There was great dissatisfaction with each, and their repeal was universally demanded. It is said of those laws, and of the bills now under consideration, by the most competent English and American authorities who have carefully studied the subject, that "the bankruptcy legislation of this country has been, and is, a servile imitation of English laws." Theirs and ours have proved to be equally defective and disastrous. Both countries are now trying to devise new laws. Two bills are before Parliament, and four bills have been introduced in Congress. The bills to be considered in England are dissimilar. One bill provides for a jurisdiction of the courts; the other is to be administered by the Board of Trade, with reference and appeal to the courts. The bills at Washington differ. One, Ingalls' Judiciary Committee bill, of the Senate, is called an "official measure." It vests the administration entirely...
show more

Product details

  • Paperback | 78 pages
  • 189 x 246 x 4mm | 154g
  • United States
  • English
  • black & white illustrations
  • 1236920015
  • 9781236920010