Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-11-11


|stituti0nal.
1t was said, while the Uaited States
|brnkrapt law was in existence, that ma
|uy frauds took place under its operation,
that many were seen riding in their car
lages and apparently in wealth, immes
|dialely after receiving the benefit Of the
iaw. Whether. if there were such in
stances, they occurred in consequence
ia defect in the law. or OF hadetected
perjury in the debtor, we know not. But
surel. therear Drought 70 be, men e.
|nouship congress of salEsient talents to
frame an act with such provisions as
that they caanot be eyaded. We have
heard il said that this was impossible
The same ilnpassibility would apply to
the law against counterfcitins, or any O.
|ther laws II is not to be expected that
Ia law will never be violated. Were II
SO, were all men thus moral, there would
be no necessity tor Jaws of any kiud.
Such an argument is therefore altpge-
ther invalid.
The only question is whether or not
such law would be more advantage
Gus to the public in general than to
continue with insolvent laws SO different
in the different states, and in some states
with aone AT least this will be the
principal object of inquiry incongress !.
tho not less ought TO be considered the
immortality, the injustice, thescrnelty, of
giving a disappointed, malicious or re-
yengefol man. the power Of impris"niag
during his pleasure, Or tor one Inolnent,
an honest man.
In some of The states there are nc in-
solvent laws !: and at this momypt taerej
are thousands of families In most uHsI
Fortunate aud remedies condition from;
the want olsuch. or thuse, who during,
the war, with an expectation % realizing,
much profit. an expectation that to thcni
appeared to be well founded, vested their:
whole property IN manufacturing esta-i
blishments, there are vast many who arrl
entirely ruined asta property. SaHe of
their creditors have received the iu'l Al
IN unit of tseir claims; Others, frnm thel
waat Of bankrupiilw, have received no-s
thing ]: while the uafortGaate debtors!
are perhaps in gaoi, Ok at least every dayl
liable to Imprisonment, ant left without,
a motive for further exertion, bccause,l
starting lie noyo all their gains are iia-|
bic to be taken to satisfy old debts, theI
whole Of yhich the debtor nay neyerI
have a prospect Of paving.
A bankrupt act is not less beneficial to]
the creditor than the debtov. With ii
the creditor is Certain oil receiving his
share of the debtors effects.
AZ the time of the rei5eal ct The bank
rupt law, as at the tire .: It's being e.
nacted, congress were & eltiy divided II
their scntigaents, bat maS4y voted against
Iis because they corsileret il federal
/ nea snre, enc of John at;ams'. aodes OF
Extending executive inaaence. ftot.
there were some, such as Gen Smith, oi
| Bait, and others,of the democrats, VIE
were decidedly IN favour Of II, bur many ,
I've Gre Convinced, opassed 1t principal
lly on political grourds.
II was expected that the subject weuld
l5e discussed Ia ceag;eSs lsst water.
lbut the ,nembces received no naovc pay
! Zoe continuing the ssssiQ1, ike many g.
/ Their impostant censidelasisns,lt waa post
pvued, Probably It viii be brought on
4 Inc tap;s the ensuing session, the defects
l Of the tor,ner law Investigated, aad q
new one se"e perfect result from the in
j yestisatinns t9T, PIT.
4 Extract ola circular letter from Muster
i dae,l received bya commercial house
i in Rev Yak dated SEPT eth.
1 !" Tobacco has been and stlt seems to
Il BE an article Of great speculation in the
! Uni,eil States, and we anorehsnd so;ac
severe losses Will result !. the Eurspeaa
markets continue TO ;tisapEo,at those re-
lay sangaine expectations that are formed
len the other SHE pf the mateg, as those
high prices cannot be o5ilined here,
@aich we learn are sill giving in Ame,
irica our stock, il is true, is not very
.lsfge, hut the vast depapaiation occa-
stoned by IT, late saaguiaa-y wars aai
the great check given to general luxury.
HAS contributed to decrease tua consumt-
ltion considerably, recnar4a too was had
Ito substitute for American Tobacco,
land the growth Of the article has beea
greatly propagated in Europe, which has
.ialso some influence. TIE chief holders
there seem uow mere Inclined to realize
THAN to keep for uncertaio Better pfi-
ices. There areseverai parcels nav iu the
market for sale, the better sorts Of Mary
Hand Tobacco hare somewhat impresed
u - Il =, i i .b.,,I