Summary

Portrait of William R. Day William R. Day Cameron v. United States (231 U.S. 710…

The government contends that the subsequent repeal of this section deprives the petitioner of the immunity afforded. We cannot agree with this contention. It would be subversive of principles of right and justice to give such effect to a statute upon the protection of which the petitioner had the right to rely at the time when called upon to testify in the bankruptcy court, and in consequence of which he may be presumed to have given his testimony. A retrospective operation of statutes is not to be given except in clear cases, unequivocally evidencing the legislative intent to that effect.
Source: Wikisource

Portrait of William R. Day William R. Day Cameron v. United States (231 U.S. 710…

The object of the examination of the bankrupt and other witnesses to show the condition of the estate is to enable the court to discover its extent and whereabouts, and to come into possession of it, that the rights of creditors may be preserved. If such examination is postponed until after adjudication, which may not take place for at least twenty days, within which the bankrupt in involuntary bankruptcy is given leave to appear and plead, the estate may be concealed and disposed of, and the purpose of the act to hold it and to distribute it for the benefit of creditors defeated.
Source: Wikisource

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