An Essay Upon Projects by Daniel Defoe
page 124 of 185 (67%)
page 124 of 185 (67%)
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commissioners, who thereupon correspond with the persons abroad, in
whose hands such effects are, who are to remit the same as the commissioners order; the dividend to be made, as before, every six months, or oftener, if the court see cause. If any man thinks the bankrupt has so much favour by these articles, that those who can dispense with an oath have an opportunity to cheat their creditors, and that hereby too much encouragement is given to men to turn bankrupt; let them consider the easiness of the discovery, the difficulty of a concealment, and the penalty on the offender. 1. I would have a reward of 30 per cent. be provided to be paid to any person who should make discovery of any part of the bankrupt's estate concealed by him, which would make discoveries easy and frequent. 2. Any person who should claim any debt among the creditors, for the account of the bankrupt, or his wife or children, or with design to relieve them out of it, other or more than is, bona fide, due to him for value received, and to be made out; or any person who shall receive in trust, or by deed of gift, any part of the goods or other estate of the bankrupt, with design to preserve them for the use of the said bankrupt, or his wife or children, or with design to conceal them from the creditors, shall forfeit for every such act 500 pounds, and have his name published as a cheat, and a person not fit to be credited by any man. This would make it very difficult for the bankrupt to conceal anything. 3. The bankrupt having given his name, and put the officer into |
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