THE BANKRUPTCY ACT.

THE MAIN PROVISIONS OF WHICH ARE AS FOLLOWS:

AN ACT to establish a uniform System of Bankruptcy throughout the United States.

THE district courts of the United States are constituted courts of bankruptcy under this act, in all matters under, or growing out of which, they have original jurisdiction. They are always open for business under this act, and the powers of the judge in vacation, and when sitting in chambers, are the same as when sitting in court and in term time. They may be held in any part of the district. The circuit courts have also a general supervision of all cases under this act, and may be appealed to from the district courts, with which they have also concurrent jurisdiction in all cases wherein the assignee in bankruptcy is a party; but no claim can be maintained by or against an assignee touching the bank