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Volumn 72, Issue 1, 1998, Pages 86-113

Commercial associations and the creation of a national economy: The demand for federal bankruptcy law

(1)  Hansen, Bradley a  

a NONE

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EID: 0032371680     PISSN: 00076805     EISSN: None     Source Type: Journal    
DOI: 10.2307/3116596     Document Type: Article
Times cited : (28)

References (93)
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    • The origins of an expanded federal court jurisdiction: Railroad development and the ascendancy of the federal court
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    • American law and the marketing structure of the large corporation, 1875-1890
    • See Tony Freyer, "The Federal Courts, Localism, and the National Economy, 1865-1900," Business History Review 53 (Autumn 1979): 343-63; Philip Merkel, "The Origins of an Expanded Federal Court Jurisdiction: Railroad Development and the Ascendancy of the Federal Court," Business History Review 58 (Autumn 1984): 336-58; Charles McCurdy, "American Law and the Marketing Structure of the Large Corporation, 1875-1890," Journal of Economic History 38 (1978): 631-49, and "The Knight Sugar Decision of 1895 and the Modernization of American Corporation Law, 1869-1903," Business History Review 53 (Autumn 1979): 305-42; William Graebner, "Federalism in the Progressive Era: A Structural Interpretation of Reform," Journal of American History 64 (Sept. 1977): 331-57; Donald J. Pisani, "Promotion and Regualtion: The Constitution and the American Economy," Journal of American History 74 (Dec. 1987): 740-68; Harry Scheiber, "Federalism and the American Economic Order, 1789-1910," Law and Society 10 (Fall 1975): 57-118; James Willard Hurst, Law and Markets in United States History (Madison, Wis., 1982).
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    • The knight sugar decision of 1895 and the modernization of American corporation law, 1869-1903
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    • (1979) Business History Review , vol.53 , pp. 305-342
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    • Federalism in the progressive era: A structural interpretation of reform
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    • See Tony Freyer, "The Federal Courts, Localism, and the National Economy, 1865-1900," Business History Review 53 (Autumn 1979): 343-63; Philip Merkel, "The Origins of an Expanded Federal Court Jurisdiction: Railroad Development and the Ascendancy of the Federal Court," Business History Review 58 (Autumn 1984): 336-58; Charles McCurdy, "American Law and the Marketing Structure of the Large Corporation, 1875-1890," Journal of Economic History 38 (1978): 631-49, and "The Knight Sugar Decision of 1895 and the Modernization of American Corporation Law, 1869-1903," Business History Review 53 (Autumn 1979): 305-42; William Graebner, "Federalism in the Progressive Era: A Structural Interpretation of Reform," Journal of American History 64 (Sept. 1977): 331-57; Donald J. Pisani, "Promotion and Regualtion: The Constitution and the American Economy," Journal of American History 74 (Dec. 1987): 740-68; Harry Scheiber, "Federalism and the American Economic Order, 1789-1910," Law and Society 10 (Fall 1975): 57-118; James Willard Hurst, Law and Markets in United States History (Madison, Wis., 1982).
    • (1977) Journal of American History , vol.64 , pp. 331-357
    • Graebner, W.1
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    • Promotion and regualtion: The constitution and the American economy
    • Dec.
    • See Tony Freyer, "The Federal Courts, Localism, and the National Economy, 1865-1900," Business History Review 53 (Autumn 1979): 343-63; Philip Merkel, "The Origins of an Expanded Federal Court Jurisdiction: Railroad Development and the Ascendancy of the Federal Court," Business History Review 58 (Autumn 1984): 336-58; Charles McCurdy, "American Law and the Marketing Structure of the Large Corporation, 1875-1890," Journal of Economic History 38 (1978): 631-49, and "The Knight Sugar Decision of 1895 and the Modernization of American Corporation Law, 1869-1903," Business History Review 53 (Autumn 1979): 305-42; William Graebner, "Federalism in the Progressive Era: A Structural Interpretation of Reform," Journal of American History 64 (Sept. 1977): 331-57; Donald J. Pisani, "Promotion and Regualtion: The Constitution and the American Economy," Journal of American History 74 (Dec. 1987): 740-68; Harry Scheiber, "Federalism and the American Economic Order, 1789-1910," Law and Society 10 (Fall 1975): 57-118; James Willard Hurst, Law and Markets in United States History (Madison, Wis., 1982).
    • (1987) Journal of American History , vol.74 , pp. 740-768
    • Pisani, D.J.1
  • 7
    • 84975988184 scopus 로고    scopus 로고
    • Federalism and the American economic order, 1789-1910
    • Fall 1975
    • See Tony Freyer, "The Federal Courts, Localism, and the National Economy, 1865-1900," Business History Review 53 (Autumn 1979): 343-63; Philip Merkel, "The Origins of an Expanded Federal Court Jurisdiction: Railroad Development and the Ascendancy of the Federal Court," Business History Review 58 (Autumn 1984): 336-58; Charles McCurdy, "American Law and the Marketing Structure of the Large Corporation, 1875-1890," Journal of Economic History 38 (1978): 631-49, and "The Knight Sugar Decision of 1895 and the Modernization of American Corporation Law, 1869-1903," Business History Review 53 (Autumn 1979): 305-42; William Graebner, "Federalism in the Progressive Era: A Structural Interpretation of Reform," Journal of American History 64 (Sept. 1977): 331-57; Donald J. Pisani, "Promotion and Regualtion: The Constitution and the American Economy," Journal of American History 74 (Dec. 1987): 740-68; Harry Scheiber, "Federalism and the American Economic Order, 1789-1910," Law and Society 10 (Fall 1975): 57-118; James Willard Hurst, Law and Markets in United States History (Madison, Wis., 1982).
    • Law and Society , vol.10 , pp. 57-118
    • Scheiber, H.1
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    • 84975988184 scopus 로고    scopus 로고
    • Madison, Wis.
    • See Tony Freyer, "The Federal Courts, Localism, and the National Economy, 1865-1900," Business History Review 53 (Autumn 1979): 343-63; Philip Merkel, "The Origins of an Expanded Federal Court Jurisdiction: Railroad Development and the Ascendancy of the Federal Court," Business History Review 58 (Autumn 1984): 336-58; Charles McCurdy, "American Law and the Marketing Structure of the Large Corporation, 1875-1890," Journal of Economic History 38 (1978): 631-49, and "The Knight Sugar Decision of 1895 and the Modernization of American Corporation Law, 1869-1903," Business History Review 53 (Autumn 1979): 305-42; William Graebner, "Federalism in the Progressive Era: A Structural Interpretation of Reform," Journal of American History 64 (Sept. 1977): 331-57; Donald J. Pisani, "Promotion and Regualtion: The Constitution and the American Economy," Journal of American History 74 (Dec. 1987): 740-68; Harry Scheiber, "Federalism and the American Economic Order, 1789-1910," Law and Society 10 (Fall 1975): 57-118; James Willard Hurst, Law and Markets in United States History (Madison, Wis., 1982).
    • (1982) Law and Markets in United States History
    • Hurst, J.W.1
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    • 0040058482 scopus 로고
    • Legislators commonly referred to the bill as the Torrey bill, i.e., the bill drafted by Jay Torrey, the president of The National Convention of Representatives of Commercial Bodies, Congressional Record, 55th Cong. 2nd sess., 1898, 1905, 6296, 6429.
    • (1898) Congressional Record, 55th Cong. 2nd Sess. , pp. 1905
  • 10
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    • New York
    • On the Constitutional limitations of state laws see R. Kent Newmeyer, The Supreme Court under Marshall and Taney (New York, 1968), 79-80, 85-6; Jamil Zainaldin, Law in Antebellum Society (New York, 1983), 39-40; Hollis R. Bailey, "An Assignment in Insolvency and Its Effects Upon Property and Persons Out of State," Harvard Law Review 1 (1893): 281-99; and "A Discharge in Insolvency and Its Effects Upon Non-Residents," Harvard Law Review 6 (1892): 349-68.
    • (1968) The Supreme Court under Marshall and Taney , pp. 79-80
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    • New York
    • On the Constitutional limitations of state laws see R. Kent Newmeyer, The Supreme Court under Marshall and Taney (New York, 1968), 79-80, 85-6; Jamil Zainaldin, Law in Antebellum Society (New York, 1983), 39-40; Hollis R. Bailey, "An Assignment in Insolvency and Its Effects Upon Property and Persons Out of State," Harvard Law Review 1 (1893): 281-99; and "A Discharge in Insolvency and Its Effects Upon Non-Residents," Harvard Law Review 6 (1892): 349-68.
    • (1983) Law in Antebellum Society , pp. 39-40
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    • An assignment in insolvency and its effects upon property and persons out of state
    • On the Constitutional limitations of state laws see R. Kent Newmeyer, The Supreme Court under Marshall and Taney (New York, 1968), 79-80, 85-6; Jamil Zainaldin, Law in Antebellum Society (New York, 1983), 39-40; Hollis R. Bailey, "An Assignment in Insolvency and Its Effects Upon Property and Persons Out of State," Harvard Law Review 1 (1893): 281-99; and "A Discharge in Insolvency and Its Effects Upon Non-Residents," Harvard Law Review 6 (1892): 349-68.
    • (1893) Harvard Law Review , vol.1 , pp. 281-299
    • Bailey, H.R.1
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    • A discharge in insolvency and its effects upon non-residents
    • On the Constitutional limitations of state laws see R. Kent Newmeyer, The Supreme Court under Marshall and Taney (New York, 1968), 79-80, 85-6; Jamil Zainaldin, Law in Antebellum Society (New York, 1983), 39-40; Hollis R. Bailey, "An Assignment in Insolvency and Its Effects Upon Property and Persons Out of State," Harvard Law Review 1 (1893): 281-99; and "A Discharge in Insolvency and Its Effects Upon Non-Residents," Harvard Law Review 6 (1892): 349-68.
    • (1892) Harvard Law Review , vol.6 , pp. 349-368
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    • The birth of bankruptcy in the united states
    • Rhett Frimet, "The Birth of Bankruptcy in the United States," Commercial Law Journal 96 (1991): 160-88.
    • (1991) Commercial Law Journal , vol.96 , pp. 160-188
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    • Frimet, "The Birth of Bankruptcy in the United States"; Peter Coleman, Debtors and Creditors in America: Insolvency, Imprisonment for Debt and Bankruptcy, 1607-1900 (Madison, Wisc., 1974), 29; and Lawrence Friedman, A History of American Law (New York, 1973), 551.
    • The Birth of Bankruptcy in the United States
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    • New York
    • Frimet, "The Birth of Bankruptcy in the United States"; Peter Coleman, Debtors and Creditors in America: Insolvency, Imprisonment for Debt and Bankruptcy, 1607-1900 (Madison, Wisc., 1974), 29; and Lawrence Friedman, A History of American Law (New York, 1973), 551.
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    • Ph.D. diss, Brown University
    • On the operation of the bankruptcy laws before the Civil War, see Barbara Matthews, "Forgive Us Our Debts: Bankruptcy and Insolvency in America, 1763-1841" (Ph.D. diss, Brown University, 1994); Edward J. Balleisen, "Vulture Capitalism in Antebellum America: The 1841 Federal bankruptcy Act and the Exploitation of Financial Distress," Business History Review 70 (Winter 1996): 473-516. On the expenses of the 1867 Act, see Expenses of Proceedings in Bankruptcy, 43rd Cong., 1st sess., Executive Document 19, 1873, serial 1580.
    • (1994) Forgive Us Our Debts: Bankruptcy and Insolvency in America, 1763-1841
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    • Vulture capitalism in antebellum America: The 1841 federal bankruptcy act and the exploitation of financial distress
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    • On the operation of the bankruptcy laws before the Civil War, see Barbara Matthews, "Forgive Us Our Debts: Bankruptcy and Insolvency in America, 1763-1841" (Ph.D. diss, Brown University, 1994); Edward J. Balleisen, "Vulture Capitalism in Antebellum America: The 1841 Federal bankruptcy Act and the Exploitation of Financial Distress," Business History Review 70 (Winter 1996): 473-516. On the expenses of the 1867 Act, see Expenses of Proceedings in Bankruptcy, 43rd Cong., 1st sess., Executive Document 19, 1873, serial 1580.
    • (1996) Business History Review , vol.70 , pp. 473-516
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    • Executive Document 19, 1873, serial 1580
    • On the operation of the bankruptcy laws before the Civil War, see Barbara Matthews, "Forgive Us Our Debts: Bankruptcy and Insolvency in America, 1763-1841" (Ph.D. diss, Brown University, 1994); Edward J. Balleisen, "Vulture Capitalism in Antebellum America: The 1841 Federal bankruptcy Act and the Exploitation of Financial Distress," Business History Review 70 (Winter 1996): 473-516. On the expenses of the 1867 Act, see Expenses of Proceedings in Bankruptcy, 43rd Cong., 1st sess., Executive Document 19, 1873, serial 1580.
    • Expenses of Proceedings in Bankruptcy, 43rd Cong., 1st Sess.
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    • Princeton, N.J.
    • Harold Barger, Distribution's Place in the American Economy since 1869 (Princeton, N.J., 1955), 33. For a description of the role of Chicago wholesalers as creditors, see William Cronon, Nature's Metropolis: Chicago and the Great West (New York, 1991), 322-23.
    • (1955) Distribution's Place in the American Economy since 1869 , pp. 33
    • Barger, H.1
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    • Harold Barger, Distribution's Place in the American Economy since 1869 (Princeton, N.J., 1955), 33. For a description of the role of Chicago wholesalers as creditors, see William Cronon, Nature's Metropolis: Chicago and the Great West (New York, 1991), 322-23.
    • (1991) Nature's Metropolis: Chicago and the Great West , pp. 322-323
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    • New York
    • Theodore Beckman and Nathaniel Engle, Wholesaling: Principles and Practice (New York, 1924), 158. In 1987 trade credit still accounted for 15 percent of nonfarm, nonfinancial business liabilities, see Gregory Elliehausen and John D. Wolken, "The Demand For Trade Credit," Federal Reserve Bulletin 79 (1993): 929-30.
    • (1924) Wholesaling: Principles and Practice , pp. 158
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    • The demand for trade credit
    • Theodore Beckman and Nathaniel Engle, Wholesaling: Principles and Practice (New York, 1924), 158. In 1987 trade credit still accounted for 15 percent of nonfarm, nonfinancial business liabilities, see Gregory Elliehausen and John D. Wolken, "The Demand For Trade Credit," Federal Reserve Bulletin 79 (1993): 929-30.
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    • Princeton, N.J.
    • On the terms and conditions commonly used for trade credit, see Harold Barger, Distribution's Place in the American Economy (Princeton, N.J., 1955), 33; Roy A. Foulke, The Sinews of American Commerce (New York, 1941), 158; James Hagerty, Mercantile Credit (New York, 1913), chaps. II and IV; and Theodore Beckman, Credits and Collections in Theory and in Practice (New York, 1924), chaps. II and V.
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    • New York
    • On the terms and conditions commonly used for trade credit, see Harold Barger, Distribution's Place in the American Economy (Princeton, N.J., 1955), 33; Roy A. Foulke, The Sinews of American Commerce (New York, 1941), 158; James Hagerty, Mercantile Credit (New York, 1913), chaps. II and IV; and Theodore Beckman, Credits and Collections in Theory and in Practice (New York, 1924), chaps. II and V.
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    • New York, chaps. II and IV
    • On the terms and conditions commonly used for trade credit, see Harold Barger, Distribution's Place in the American Economy (Princeton, N.J., 1955), 33; Roy A. Foulke, The Sinews of American Commerce (New York, 1941), 158; James Hagerty, Mercantile Credit (New York, 1913), chaps. II and IV; and Theodore Beckman, Credits and Collections in Theory and in Practice (New York, 1924), chaps. II and V.
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    • New York, chaps. II and V
    • On the terms and conditions commonly used for trade credit, see Harold Barger, Distribution's Place in the American Economy (Princeton, N.J., 1955), 33; Roy A. Foulke, The Sinews of American Commerce (New York, 1941), 158; James Hagerty, Mercantile Credit (New York, 1913), chaps. II and IV; and Theodore Beckman, Credits and Collections in Theory and in Practice (New York, 1924), chaps. II and V.
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    • S. Misc. Doc. 182, serial 2907 for a description of the variety in state laws
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    • Man to loan $1,500 and serve as clerk: Trading jobs for loans in mid-nineteenth century san francisco
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    • Jan.
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    • later Credit and Financial Management; adjustment bureaus were recognized by the Association and were typically associated with a board of trade or chamber of commerce
    • The figures for the number of adjustment bureaus are from the listings of adjustment bureaus in the Dec. issues of the journal of the National Association of Credit Men, Credit Men's Bulletin, later Credit and Financial Management; adjustment bureaus were recognized by the Association and were typically associated with a board of trade or chamber of commerce.
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    • Strengthenine, Procedures in the Judicial System, 72nd Cong., 1st sess., 1931, S. Doc. 65, 184; see also Thomas Clifford Billig, What Price Bankruptcy: A Plea For 'Friendly Adjustment,"' Cornell Law Quarterly 14 (June 1929): 413-46.
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    • S. Doc. 156, serial 3600
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    • (1898) Proceedings of the National Association of Credit Men, 55th Cong., 2nd Sess. , pp. 11
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    • note
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    • M.A. thesis, University of Wyoming, Hoffman's thesis provides a biography of Torrey, with an emphasis on his military activities
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    • New York
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    • (1967) The Search for Order, 1877-1920
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    • Weibe, 123.
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    • American wholesale hardware trade associations, 1870-1900
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    • William H. Becker, "American Wholesale Hardware Trade Associations, 1870-1900," Business History Review 45 (Summer 1971): 179-200;
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    • See, for example, Kenneth Sturges, American Chambers of Commerce (New York, 1915); and Lewis Atherton, Main Street on the Middle Border (Chicago, 1954), 331-2.
    • (1915) American Chambers of Commerce
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    • See, for example, Kenneth Sturges, American Chambers of Commerce (New York, 1915); and Lewis Atherton, Main Street on the Middle Border (Chicago, 1954), 331-2.
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