...ortunate trader which would not long be tolerated by an Anglo-Saxon legislature. Since 1542 about forty bankruptcy laws and a number of insolvent debtor acts have been passed in England. In the United States the statute of 1898 is the fourth of a series of national laws, the others being named from the years 1800, 1841, and 1867 while, in many of the States, and from their very beginning, insolvency stat...