Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-03-12

! FAY &c !u'Lel Wl'n9l1 eo''iN'1'si'o az!
! fault.
| No, Is as 70 tie other e.aiies Of CHI
gems ei,her he custivasoss Ct The ioli,
The mechanics, CT thol- who follow l.
bsrai proleaiou. ihsy I've en- tie Pro-
FITS Of their ialaor, nog oF'9rohss derived
! from credit. Il was, ttesetoTe, not ne
celsiv t.r other delcriplians Of pe'ions 70
con,fati exsefsipe ,lebss, or TO depend on
/! third periors who my rain them. t a
man who lives 81 his petioaai exe.tions'
becomes deeply inaeb,ea bey end his abi-
| Try TO pay, il mutt be owing iosfa8d OF
grols neglect owing 70 traud, i he cen
tracts deb,s ko9wirg his inability soFay;
or grcfs neglect ariiieg from Perioaal III
doltpee which prevents him fsom making
tho:e exertiops of iaoouF and eAcfc'iipS
iha, induifry that would extrica'e h.n'
from elnbarrailmenr. In neither OF which
cafes is he entitled to relief. ! VIII ais
If this is the cafl. with the merchant. !
! will ak, ii either in Europe, or IN tbs
country, a merchant CEN carry en- ez-
teafise buiine(s, without incursing great
debts. And his property is always az
themercy Of the winds and waves, aud
the frsua or negligence Of third psTions
ItfoIlows, therefore, thar however 10
auAsicns or faithful be nay Be, he IS la
be TO be.suined. Behold, what large
deicsipgion Of pe,fons are merchants, and
how muck public wealth, and national
revenue derend Upon their parlolts, ard
! Ie,mc than afs, whether II is DOT good
| policy TO accord 70 them a law that be-
longs TO the 1atu,e Of the pfcitllon they
follow ? Ii gertlemen flew IS that this
law ought TO he accorded TO other &c
Gr;Ptions ofrsrfons, baye no oSjs6iicn
10 extending il 10 them. Eur give ne
| rye 10 fey they have tteif Iaw The II
folyent law. Gentlemen lay TIER tie per
for, bur por TIE properly, c;'ght 70 he
liberated under The barsguP' law. DC
lieve, however, 10 fone Of lie ilales,
both fesicn and property are li6era'ed
under theii inlolvent Jaws. Be 'his r;ght
or wTong, the. rroIerty Of the merchant
ough, to te lite,a,ct, bceatfc il is other
w'le lnpcAible for him ever e sile f.>rn
,heps< aure Of grear debts ard Without
grcas byS there eannot be gIcaG crcalIs.
Therefore, as a merchant you arnl5h2'e
him without fael1 q lax, ard yen 'oh 10
cisFy of the bensa derived from BIS la
bouss. 4 lawyer mag eve ten lhoufand
pounds, and be rot The ~: eloquent
mechanic may be IN deot, without his ia
bours be;pg obitTptted. Nay, this may
he is;mufos to him TO exert hiniSlf 10
pay off bis dtf1ts, which cannot in moR
cafes be corfdefab!e, ard he may after
wards accumulate propcrfy. Bot neF-
chant deeply IN debt can never entetain
The nope Of aii.harging thcIn. All other
cl@a-s uf ciiizers uot living on credit,
and mourning dcbts Ct great magnitude,
may entertain a rsalen4nle expectation Of
paving them OF; but no fueh hope can
CONS 70 TIE merchant, both frc;n the mag
ntu1e Oh H!h QSOlS, diiu 'ilS utI1iSu!ty
under the rr-ll.ire Of thote debts, Of max
ine sxersionS to relieve h;afaf. Thefe
circumstances make a bankrupt law necel-
cary o he merchants. The inlolvent law
IS an ample ptovidon for Others.
But there are numerous other advan-
tgses Ct f.aeHl Of bal kruptcy {ome Of
which. | will fate, although Il is nor TO
he expected that Oh qoeEion Of this IN
t;den,al kind, can be prepared TO go
iully into the fubjs6s.
Iris necedary that confToul {hovld be
lodged with the creditor over debtor
whole property is in a fate Of dilaplaa-
ton both 10 fave himielt and Others from
fuic. lknowthat many gentlemen are
in tie habit of conndering This law as ex-
cluGvsly 10 favor oi debtors bot this is
mol correct. For il arms the creditor to