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Show GOES AFTER BANKRUPTS Association Formed to Try and Land Part of Assets. CHICAGO, April 20. Growing out of the opposition of the wholesale merchants mer-chants of Chicago tq the present bankruptcy bank-ruptcy law, the organization of a "cooperative "co-operative adjustment association" has received its first Impetus at a meeting of the Credit Men's association. A resolution reso-lution was adopted directing President McAdow to appoint a committee to investigate in-vestigate the mattef and report at a later meeting. This adjustment association is to be formed principally for the purpose of settling insolvent estates. In the language lan-guage of those who urged the plan the formation of such an organization will go far toward doing away with the "evils of bankruptcy proceedings, wherein nearly all the assets are swallowed swal-lowed up In the fees of attorneys, referees ref-erees and trustees." The plan advocated provides for the organization of a central bureau managed man-aged by salaried men, with two or three attorneys and office assistants. Alliance Alli-ance with other associations also is contemplated, making it national In scope. |