The Bankrupt Law of the United States, A Law to Establish a Uniform..

1841. New York: Anstice, 1841. 11 pp.. New York: Anstice, 1841. 11 pp. Unrecorded Printing of the Text of the Second Federal Bankruptcy Law [Bankruptcy]. [United States]. The Bankrupt Law of the United States. A Law to Establish a Uniform System of Bankruptcy Throughout the United States. Passed August, 1841. New York: Henry Anstice, Law Blank Publisher and Stationer, 1841. 11 pp. Octavo (8-1/2" x 5-1/2"). Stab-stitched pamphlet in plain wrappers. Faint dampstaining to bottom-edge, light foxing, soiling and edgewear to wrappers, light toning to interior, light foxing to title page, owner signatures to front wrapper ("Josiah Montague") and head of title page ("J. Montague"). $450. * Enacted in 1800 with a slim majority, 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 Never a popular law, it was repealed in 1803.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 stifle 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. Almost as unpopular as its 1801 predecessor, it was repealed in 1843. This appears to be a rare imprint. No copies located on OCLC. Not in Cohen. (Inventory #: 82391)