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

| (, - = 4 icuitaIe. 4 neiSioi~ s''S
- ~ fts two COUNTRIES is not anaso-
80. Baf 4 beliesc that even IN hng
ISL SIS s.s.kfups Lay was obiaiced by
;S.ggiss Influence, and is continued ~
49,, 49,, sfs;> influence. There the naer-
sssss sn ssllStycly enjoys the benefit OF The
49, While she mechanic, The faIsRef, the
lsg@er, and the cisrsyma nut ne IN
n,lon uols(s ParliAmsat PATS a general aeI
,ffbsrstion,
rooTilh law, with certain alterations.
Is9. IN cafe Of fraud, the banl. o?- Is
,,bIe 70 fae and impriionm ut there
! s uuainled with death. There # ne
!, ouiliy Of grcfs neglect, he is not only
,,fo5ed a commiIlon, bar is pat la'o tn
s,lory, and there il he is declared bink-
ln.t f.cond time, and does nor divide
af,een fhillings in the pound, his pefion
!. liable 10 ar-eR. H-re the Gale is e.
f.otjaiIy different. Here the expenses
are enormous. | have known inttanees
,,hers the property furrrnderel has not
bsen iufncirnt 10 pay them. Six dollars
day are allowed 10 the ccEmiiioners,
aud ifeugsged bur fora quarter OF an hour
each commiiiioner is entitled TO TX dol
lars. The law was meant a: an eAper.
nsnt and the gentleman fays, though
Il operation three years, we have not had
experience Of It's good eFc.:s. We CIR.
tainly nave experienced that 1t is deisi-
tu,c Of idaice; ard believe if it is cor
tinusd longer, il will be 10 give legli-
l,,ive faraion TO fraud. ] have always
sonGdered The buGneis we'll managed IN
der the infolvent laws of 'he ieverai
Aa,es nor have / ever heard Of any
complaints under that law In Matltcsu-
ietts. |, therefore, believe 1t hef that
the buGnels be left TO the regulation ct
The Aates. / believe the bankrupt
law 10 be entirely for the benefit OF the
debtor. i ak, if it be for the benefit OF
The creditor 10 have his contract dlilclved,
and the liability of the property OF the
debtor affected /? If il ha!l be continued,
! hope the title of the act will De chang
cd, and that inRead of an act for eitab-
lining an uniform iy&em Of bankruptcy,
il viii be called an act for eitahlilhing an
Uniform fyltem Of fraud Throughout the
u. STATES.
Mr.. EuRis. 1.-THE proposition to repeal
be poaponed, the committee will be per-
mitted to introduce amendments.
hope therefore tha, the po2ponement will
prevail. The objections to The law arc
70 contradictory that l am at a lois TO
decide upon';hem. The gentleman from
MaaachulertS has fated number Of
objections, and yet he wilhes TO embrace
within the iyfem farmers and mechanics,
or in other words 10 extend what lie con
iders an evil. ltis il my opinion, TN
neceIarY now TO decide the propSiety q
the principle Of dividing the property OF
bankrupt among his creditors, and III
beratiug thar which he may fubiequently
acquire from feizure. This principle has
already been carried into effect, and !
AN bold to fay, has been attended with
great effects in Maaachuietts. What
we're the previous effects under thes To-
iGlyert law of that fate p The creditor,
who was the mon vigilant, or who had
Inc mott accute lawyer, attached the
whole property OF the debtor, VII oh is
now divided among the creditors. Then
there was conveyance Of al property
before the debtor ayailed hinfelf of the
act of info'veacy-now fuch convey.
ance is nugatory.
can name number of respectable
merchants of large capitals, who have
oeen unfortunate, in conieeuenceol the
hiuatlon of the country, by French and
',oghih depreaations, who by availine
'Asnielscs Of the proviiions of the Bank
iup' act, have divided their property and
rave afterwards brought into sefivity
her faculties as nercf ants. Is.not this