...Article I, Section 8, Clause 4, of the Constitution. In The Federalist (no. 42), James Madison stated," The power of establishing uniform laws of bankruptcy...many frauds where the parties or their property may be or be removed into different States that the expediency of it seems not likely to be drawn into...

...laws of bankruptcy, is fo intimately connected with the regulation of commerce, and wilt prevent fo many frauds where the parties or their property may lie or be removed into different ftates, that the expediency of it feems not likely to be drawn into queition. The power of prefcribing...

...ought to become a permanent part of our jurisprudence. Mr. Madison, writing in the Federalist, says: The power of establishing uniform laws of bankruptcy...removed into different States that the expediency seems not likely to be drawn into question. Representative Bayard, of Delaware, in 1799, speaking of...