The Express.
London, England, 1859-03-17 00:00:00

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SONDON, TE1T13111147. 11420.11 17.

IT most have been notorious to Lord CITHENS7OIII,
before he introduced his Debtor and Creditor Bill.
that another Bill, purporting to effect the same
object, the Amendment of the Bankruptcy and In-
solvency Lowe, though by different means, was already
in cows. of preparation. He must have known more-
over that this other Bill was based upon resolutions
passed by the Chambers of Commerce and other mer-
cantile bodies throughout the country, and was being
prepared under the fostering auspices of the National
Association for the Promotion of Social Science and
the Law Amendment Society : so that enlightened
theoretical intelligence and sound practical know-
ledge w perste in the fabrication of the new
messure7ltryet for no other apparent motive
than that the individual who, from his connexion
with the Society and the Association just men-
tioned, as well es with the largest wenn
tile and commercial constituency I. the klagdam,
had been naturally entrusted with the emohnet et this
mews, was of the opposite political party, Lord
CHEIJIIIPORD thought fit to bring forward a maw
which he Irked the Legislature to adopt in pew
freeness to the measure advocated by Lard JOHN
RUSSELL. It may be, however, that Slaked with
success at Niel Pries, and giddy with his novel
position, the CHANCELLOR may have imagined that
after all his Bill would prove to be an intrimileally
superior article; and the Home of which his Lord-
ship is nominal President may—by peening it
(though not without protest}—have conduced to
Satter him into this belief. The time, however, has
now arrived to undeceive Lard CHRLSISFORD. We
some time ago ventured to predict that Lord Joan
Butanes measure would be the favourite with
the Legislature and with the public, and our pre-
diction, as far as the latter is concerned, has already
been verified ; as none of oar readers will doubt,
after the perusal of what took place at the
highly influential and reepeetable meeting held at
the London Tavern on Tuesday Cu consider
this very subject. This meeting use e*,roked
to receive the Report of a Committee appointed at a
previous meeting held in last November to consider
the two Batnkruptey Bills. The Committee had put
themselves in communication with the Law Amend-
ment Society and the Mercantile Law Amendment
Society, and there were present at this meeting, to
bear and discuss the Report of the Committee, repre-
sentatives from the Liverpool, Birmingham, and
Bristol Chambers of COSINNISOS, as wall as from ear
bad*/ City flume. The Report dealt tersely and
eigenewly with the Lona Csurcautat's Bill. " The
• Debtor and Creditor Bill appal/I,(elqm the Repot)
" to be booed upon principles which On adulated to
" prods°, a my pernicious effect nprea trade by de-
-0 stsoying credit on the one hand, and incensing
" commercial immorality on the other. The Bill,
" except in certain cues, abolishes Impriseament for
" debt, and thereby honest creditors would in many
instances be deprived of the only luau of recover-
" ing their just demands from a diabasest debtor.
" It provides a merely nominal punkah:sent for
" offences of a very grave character and seriously
" affecting the mercantile community. No pro-
" vision whatever is made for the ease of
▪ deceased debtors whose estates are manifestly
▪ insolvent, and no apparent reduction is mule in
" the fees payable is the courts." The Report then,
adverting to Lord JOHN Russui's Bill, approves of
its being a Consolidation Bill, of its reduction of
expense, of its abolition of amelese foams, and cams,
acid racers, of the power given to the creditor over
the debtor's estate, of the more stringent punish-
ments provided for fraudulent bankrupts, and of the
satisfactory facilities strutted for privates/lenges:lents

by deed. And in conclusion the Report expressos a
decided preference for Lord Jour Rl:manes --
sure, although at the mme time it suggests various
emendations and improvements of which even that
Bill is susceptible.

We have reproduced this Report in somewhat of
detail, in order that our readers may eee the singular
and close coincidence between it and the opinion we
expreesed upon thews Bills a month ago. Tbe Report
wu unanimously adopted by the meeting. The
emendations of the .t;;11 whit ft sliggests
portant, though not numerous. It is wished that
power should be given to forts a man, notoriously
insolvent, to show some good reason to the Court
why the little property he may have left
should not be at once distributed for the
benefit of hie creditors. It is also desired
to give Bankruptcy Commissionen power to endorse
the eertiticate of any bankrupt who has been guilty
of proved aniessaduet. The Report oleo supreme
an opinion, in which we heartily eosear, that the
Judges of the Court of Bankruptcy ought to be
lawyers equal in professional attainments to the
Judges of the Common Law Court+. at Westminster,
so as to elevate the Court to a position in which it
might acquire the respect and confidence of salters.
and auto give the appellate jurisdiction to the
Common Law instead of to the Equity Judges.

There are some other points on which the useseore
of Lord Jour RUSSELL needs amendment, and Gm
which t►e Report is silent. Far instenos, it is de-
sirable that bankrupts should be protected in goods
and person against debts not only due at the time of
the bankruptcy bet up to the period of the granting
of the certifioste, and should be discharged by their
sertileate from all liabilities of whatever nature, se
well as from absolute debts, including liabili•
ties to pay damages and to discharge esn-
baguet and soomesive premien., so as to
be enabled to start entirely afresh again.
It would be also right that persons who have mitered
into private deeds of arreogrusent should be allowed