People's Pilot, Volume 6, Number 45, Rensselaer, Jasper County, 29 April 1897 — BANKRUPTCY BILL PASSED. [ARTICLE]

BANKRUPTCY BILL PASSED.

Senate Adopts the Substitute of Mr. Nelson of Minnesota. The session of the senate Thursday was one of the most eventful since congress assembled. It opened with a proposition for an official expression of sympathy to the Greeks in their struggle with Turkey. This soon was merged into a turbulent debate over the disorganized state of the senate, during which Senator Morgan characterized Speaker Reed as the “great white filibuster.’’ Later in the day the Nelson bankruptcy bill was passed by the decisive vote of 49 to 8. The bill is the substitute framed by Mr. Nelson of Minnesota. It provides for voluntary and involuntary bankruptcy, but the theory of its author was to free it from harshness and make it of substantial benefit to debtors and creditors. On the announcement of the death of Representative Holman, the senate adjourned as a mark of respect, the adjournment being until next Monday.