Applying the General Bankrupt Law of 1841 [Bankruptcy]. [Vermont]. Rules and Regulations in Bankruptcy, Adopted by the Circuit and District Courts of the United States, For the District of Vermont. January 26, 1842. Rutland, VT: White & Guernsey, 1842. 24 pp. Octavo (9" x 5-3/4"). Stab-stitched pamphlet in printed wrappers. Light creasing and folded corners to wrappers, two horizontal fold lines, light toning and foxing to interior, upper corner of final leaf folded. $250. * Only edition. Enacted in 1800, the first Federal bankruptcy act aimed to encourage economic risk and supersede the patchwork of debtor laws in force in the different states. Never a popular law, it was repealed in 1803. Claiming this would retard economic development, supporters of the defeated bill launched a campaign to restore the law or enact a similar one. Support increased after the Panic of 1837 and the five-year depression that followed. These efforts reached fruition in the General Bankrupt Law of 1841, which our pamphlet addresses the effects of in Vermont. Almost as unpopular as its 1801 predecessor, it was repealed in 1843. This item is rare. OCLC locates 3 copies (Middlebury College, Vermont State Library, Yale Law School). Cohen, Bibliography of Early American Law 1392.
Book number 75804