Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-02-25
TUESDAY, FEBUARY 81, 1926.
IN SEN ATE
: The House adjourned

TUESDAY, FEBUARY 81, 1926.
IN SENATE
The Vice President communicated a report
from the Secretary of War, transmitting state
meDts OF all contracts made by that Department
during the year 1925. -
MIR. Hayne from the Committee on Naval At
fairs 10 whom referred the bill from the other
House, making appropriations for the support
CT the Navy of the u. States for the year 1897
reported the same with amendments Il providing
for survey of the harbors of Savannah and
Brunswick, in Georgia, of Beaufort, in S. Caroli-
ma, and OF Baltimore, with view 10 ascertain the
practical facilities OF those places for Naval pur-
poses; and making certain objects of contingent
expense in the Marine Corps specific. The a
amendments were read and ordered TO be printed.
BANKRUPTCY.
MIR. Hayne. of South Carolina, from the Com
mittee to whom referred a resolution to in
cure into the expectancy OF establishing uniform
system OF Bankruptcy, reported a bill "to esta-
blsh uniform system OF Bankruptcy throughout
the United States" which was read, and ordered
10 be printed.
Mr. Hsyne, in reporting this bill, said that the
committee TO whom the subject had been referred,
had bestowed on the attention due to it's impor-
| lance; and though they deeply regretted the della,
| which had taken place in submitting the bill to
the consideration OF the Senate, yet he could as
sure them that this had arisen unavoidabsy, from
the great difficulty of arranging the details of
system so extremely complicated, and Of such i'm
mcnse magnitude. The Committee were fully "a
ware that it not possible to digest a plan
which would be free from substantial objections,
| aud u was altogether hopeless to attempt to con-
ciliate in lis favor universal appreciation. The
! evils, however, resulting from the inefficient and
contra dc,ory laws now OF force in the several
States on this subject, were severely felt,-such
| al. u. IL.
gyea; the injustice practised under them that the
Committee were strongly impressed with the be-
iei that some effectual remedy ought, al least To
| be attempted.
The Committee, he said bad taken up the sub
jeci with desire effec,ually 10 secure The Just
rights of creditors, and, the same time TO pro-
iect the honest and unfortunate debtor, from OPP
preston. These were the leading objects of The
4 whole bill. The Committee had not fel, them
selves authorized, in subject Of this nature, to
indulge IN speculation, TO adopt theoretical
views. They had taken as their guides, the for
mer Bankrupt Law ofthe United States, and the
bill concerning Bankruptcy, which had passed tn.
Senate in 1921, with the Improvements and mo-
dihca,ions that had either been suggested by the
former experience of the country, or by the adj,
men who had repeatedly, OF late years, brought
the subject 10 public view. The bill which passed
: the Senate in 1921 was, substantially, the sam,
>
personalities in 1920 1t is well known that i
! had been revised and corrected by, and finall,
received the appreciation OF some of the most pro
found lawyers and ablest statesmen This Counlr,
has produced. Taking this bill as the basis, thu
Committee, Mr.. II. said, had carefully compare.
II with the provisions of the old Bankrupt law
and the new British Act, and now submitted ih
result oil their labors 10 the Indulgent consideration
Of The Senate.
!. Mr.. II. further stated, that it was fortunate
circumstance and not little remarkable that th
Bankrupt System which had been in operation il
England ever since the time of Henry the Sth
should have received, during the last year, full
revison-and that complete system of Bank
rup c., founded on experience of three hundred
years, should have been there established in sin
gle Act providing for the repeal OF no less thar
twenty statutes, and embracing within itsel
every provision which time and experience hat
shown 10 be necessary. Of the flood of light shet
on the subject OF Bankruptcy by this Act, iht
Committee have availed themselves, and had in
corporated into the present bill, SO many of lh,
provisions OF that Act as appeared TO them 10 b.
valuable. and suitable 10 the condition of the U
| States. Having thus explained the course Which
| the Committee had pursued on this subject, Mr. H.
| said he would only add that they had deemed
II advisable TO submit to the consideration of the
Senate, whether. in adopting a system of Bank
rupicy chiefly applicable to mercantile men, il
would not be proper TO provide for system oil
! voluntary Bankruptcy Tor the rest OF the communi-
| ty. The Commit ee, he said were aware OF the
difficulties nseparable from this quesion-they
| know that the fate of former bills had depeAded,
and that the fate of this may depend on the tleci-
sion OF the question, whether the Bankrupt system
/ shall be extended 80 persons, other Than traders
nor are they unacquainted with the constitutional
objections which have been raised against such an
! extension OF the system. But the Committee had
| Notwithstanding, GeeIneuit advisable to report the
| bill in the shape which would certainly be mos;
eptable-leaving it TO the Senate 10 decide on
the weight of the objections which may he urged
against if. With these brief explanations of the
views of the Committee, Mr.. H. said lie would
ask leave TO report The bill
The bill was read the first time by its title, and
| Goo additional copies thereof were ordered TO be
printed for the Of the Senate. GThe bill is the
longest ever reported in Congress- on this subject,
embracing no less than ninety-four sections The
leading objects of the bill will be found noticed in
another part of this paper.
The resolution yesterday offered by Mr.. LLOYD
was taken up, and, after being so modified as 10
refer the subject 10 the Committee of Commerce
was agreed to; and then
The memorial from Baltimore. yesterday eferred
to The Committee on Foreign Relations, was, on
motion of Mr.. Macon, referred 10 the Committee ON
Commerce.
| After Intellectual attempts to get up one or two
| bills,
The Senate proceeded, on the motion of Mr.
Mills, TO the consideration of Executive business,
and continued with closed doors until 5 O'Clock
aud then adjourned.
HOUSE OF REPRESENTATIVES.
Government for the Indians.
| Mr. Cooke, from the Committee on Indian Az
fairs, laid before the House letter and report from
the Secretary Of War on the subject of a govern
menl FOR The Indian tribes The letter is as follows: