Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-12-23
(coMxusIcArrD.l
BANKRUPT SYSTEM.

the supposed comet which Is 10 appear I'D
1882 viii be a subject which will engross much
o:the public attention, and take precedence Of
most other matters. believe differently; and
consider uniform laws on the subject of Bank
rup,cy Of mach more importance than any spe-
culaiion about future comets, and that the Gay
is not very distant, when the wise and salutary
provision contained in The charter OF our rights,
will not be suffered by The people to remain u
: nv logger as dead letter. But should that
welcome day be still forced back for some time
yet to come, by unwise, unjust and unrigh'eous
legislation, come it will; and tirne will only ga
ther to its aid, that force which will eventually
bid defiance 10 all opposition. When our sage
patriots met 10 convention, and overcome by
compromise the conflicting interests, and hnal
ly adopted our present constitution, have nei-
Their seen nor heard that there was any obJec>
ton made VIXEN the subject of Bankruptcy was
introduced; but be iha, it mag, the power
was delegated and it forms part OF our char
tered rights, and the Withholding Off practical
use Is nothing short Of violation OF those
aiSuiS. w Cu uiSHt WE ENNSho WV ~ '" 49,
somewha, ex raol binary, that the power deltga-
ted in rrla,ion to Brankrupt laws, should have
remained so long and never been brough, into
the statute hook. These enlightened and praise
worthy views Of the President have been re-
pea,edly urged and recommended 10 the Lee
gislature, but without success; and 1t remains,
in Justice. with his successor in office to repeat
the same, and may hope with better success.
The crime Of omission, when applied 70 state
e6 anee8 sspbsG pe d Ai that WITCH IS
known to be wrong; and were it possible to be-
lieve that this exigency did not exist, would
here stop my pen and commit to the wind what
Ihave written, and cease 10 complain. But
when we look back, and see the almost nuns
berlrss petitioners praying for relief, and others
also who deem Bankrupt system highly i'm
porrant and necessary, as commercial regu>
lation-when look round, within the range oil
my own knowledge, and see so many hall starv-
ed and exiled fellow brings, overt aiken by mis-
for une, thrown dowg, and there chained, and
their natural and acquired abilities sunk into
despair--,heir ergies without lie lost to
themselves, their families, and their county
7 saw. and maintain, the time has arrived when
the prcserva,ive feature Of our chartered rights
should not remain any longer in state Of dor
maucy-,he high toned and set speeches TO the
contrary notwi,hs' andihg.
lf my memory serves me correctly, when the
Bankrupt Bill was last under discussion, some
of ,ht objections urged by its opponents was,
that i, would be a federal measure; and to them
il would seem to appeari' would have the pow
err Of a monster, aud would carry dismay and
confusion into the State Courts Throughout the
Union; and, instead ofus overthrowing The Ia
bles Of the money changers, ('he origin oil the
term Bankruptcy, as some have I'D il would
overrurn the Courts, and consequently much OF
the Tee system. I'll true, as believe, that the
provision contained in the Bill, which authors
i,ed Bankrupt TO compromise with his cre-
duors, even withou, all The forras required by
The Bill itself, would lessen the number OF li'I-
Pants greatly. Hence, gentlemen Of the pro-
fession would then have much less to do, and
10 live less afiuentiy. hut was II Possioe this |
was the real objection! With just, high mind
ed, and honorable men, feel confden, it could
not be. subsequently 10 the dsfea, OF the just
expectations Of The people in relation to the
Bankrup, Bill, another measure has been IN
,roduced by a tried and distinguished defender
of on, rights with success in one branch OF the
,evisls,ure, having for its Object il this Dis
tric,, the disuse of the walls Of damp prison
for the confinement Of poor debtors. With
VIVA, success this humane measure will meet
with in the other branch, 'iEe alone will deter
m ,rr; but, from appearances, not much can be
and the pound Of flesh viii still be re-
CURED. I
have,menlisned. that objections were urged 9