The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-05-08

(coMHUHtC ATIoN.l
BANKRUPT LAW.-one of the most important and
universally interesting subjects which occupy the
attention of Congress- is the bill for the establishment of
general Bankrpt Law In the present state of soce
IT, throughout our whole commercial world where we
find confidence destroyed, individual and corporate
dit prostrated and every avenue mercantile mechan-
cal, and manufacturing enterprise closed by the PERM
cious and destructive operations of the General Govern
ment, it behooves us ALL good citizens, to impress up
on our legislators the necessity for ameioratng
process by which the existing disasters may be remede
or at least alleviated. The most beneficial results
would be produced by the passage of law by which the
unfortunate debtor, who has been entced and nvegled
into his present state of embarrassment by aerng pros
poets of success which have been blasted by the very
hand which urged him his ruin, could be relieved from
the painful consequences of his confdng tempera
mcn and enabled once more to pursue the tenor
of his way, according to the dictates of his better udg
ment Congress promote the great object; can re-
the obstacles in the way of enterprise and willing
and anxious energy cut assunder the lgaments by
which PROSTATE people now bound, hand and foot
and leave the American citizen, he ought to be- free
rcgenerated and disenthralled.
We do atter ourselves that we possess any potent
influence the minds of the present Legislators of this
country, body; but we it to the nation and to
every individual member of this republic, to raise our
feeble voice. in support of their claims We are battling
for the general good and seriously and relgousy be
eye that the present condition of the country requires
the action of her rulers upon this important subject
The subject Of the adjustment of Imprisonment for
debt has been recently urged with great force upon the
Legislature ofour States but other matters were deemed
by representatives of Importance than the pro-
lection of the individual liberty of the Citizen and
statute books still stained with the gnomnious de-
cree that crime and debt synonymous The Legisa-
ture of New York; (yesthe present WRig Legislature Of
the Empire Sate has in reality discarded this obsolete
odious anti-repubcan and mpolitic law. We call up
on the representatives ofthe Union, in this
Let your citizens be free go the north and the SOUTH
the east and the west and interchange their sentiments
of friendship or transact their business, without the
fear of a debtors prison.
Washington correspondent of the New York Ex-
press in speaking of the Bankrupt Law, quotes the
marks of Mfr Rowan, of Kentucky, which that dis
tinguished Senator observes
SIN every country where bankrupt system had been
established, it had been done remedial measure, for
the good of public and should never be applied but
people saving, nation-saving measure. The first
bankrupt law that passed. applied by the
Conscpt Fathers of Rome, when the people refused &c
fight the enemy, because they were aborng under OPP
pressve debts; law was passed TO release them from
their obligations, when they returned to their ranks
whipped the enemy, and saved Rome"
As the present condition of the county renders this
law bosa peoplssaving and nation saving measure
we trust it will receive the serious attention Of Congress
MERCATOR.