erson who is hired as a groom to a horse for a specified
time and at a fixed price, has no lien on the horse for his service,
but has a lien for feed, keeping and shoeing, which should have been
furnished by the owner. A contract to do this is not necessary to
create the lien, it arises as if the horse had been left for keep and
care without saying more.
=Bankruptcy.=--Before the enactment of the federal Bankruptcy Act of
1898, every state had a bankruptcy act of its own, which was generally
called an insolvency law. The federal act has superseded these by
virtue of the power granted to congress in the federal constitution
"to establish uniform laws on the subject of bankruptcies throughout
the United States."
The United States district courts in the several states are made
courts of bankruptcy and have power to adjudge all persons bankrupt
who have their principal places of business, residence and domicile
within their respective districts; and jurisdiction also over others
who simply have property within their jurisdiction.
Any person who owes debts, or business corporation, may become a
voluntary bankrupt. So may an alien. He may also become an involuntary
bankrupt if he has had his principal place of business here, or has
been domiciled within the jurisdiction of the court for the preceding
six months, or has property within its jurisdiction. Some corporations
are still denied voluntary action, as well as minors and insane
persons.
Who may become an involuntary bankrupt? Any person, except a
wage-earner, or farmer, any unincorporated company, and any
corporation engaged principally in manufacturing, trading, printing,
publishing, or mercantile pursuits, owing debts to the amount of one
thousand dollars. What is a manufacturing corporation, within the
meaning of the law, is not even yet fully known. A corporation engaged
principally in smelting ores is one; and a mining corporation, whose
principal business is to buy and sell ores, is deemed a trading
corporation and may become an involuntary bankrupt.
Next we may inquire, what are acts of bankruptcy? One of them is an
admission of a person's inability to pay his debts. And this may be
done by a corporation through its properly organized officers. Another
act of bankruptcy is to convey, transfer, conceal or remove property
with the intention to defraud creditors. And by concealment is meant
the separation of some tangible thing like money from the debtor
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