Book-bot.com - read famous books online for free

An Essay Upon Projects by Daniel Defoe
page 125 of 185 (67%)
possession, shall not remove out of the house any of his books; but
during the fourteen days' time which he shall have to settle the
accounts shall every night deliver the books into the hands of the
officer; and the commissioners shall have liberty, if they please,
to take the books the first day, and cause duplicates to be made,
and then to give them back to the bankrupt to settle the accounts.

4. If it shall appear that the bankrupt has given in a false
account, has concealed any part of his goods or debts, in breach of
his oath, he shall be set in the pillory at his own door, and be
imprisoned during life without bail.

5. To prevent the bankrupt concealing any debts abroad, it should
be enacted that the name of the bankrupt being entered at the
office, where every man might search gratis, should be publication
enough; and that after such entry, no discharge from the bankrupt
should be allowed in account to any man, but whoever would adventure
to pay any money to the said bankrupt or his order should be still
debtor to the estate, and pay it again to the commissioners.

And whereas wiser heads than mine must be employed to compose this
law, if ever it be made, they will have time to consider of more
ways to secure the estate for the creditors, and, if possible, to
tie the hands of the bankrupt yet faster.

This law, if ever such a happiness should arise to this kingdom,
would be a present remedy for a multitude of evils which now we
feel, and which are a sensible detriment to the trade of this
nation.

DigitalOcean Referral Badge