Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-02-28
To Advertisers I'm, RhaIsdciph,a.

d.
The great daily and weekly Giro alation Of inc
Herald in Phiadelp ia, makes it very useful vein.
Gle for advertisers In that city, Persons there,
wishing to avail themselves of that channel, can
loave their advertisements at Ziebers 2oSs Chest
nut st.. every day before 3oclock, and they will APP
pear in the second edition of the Herald, next morn
ing besides the whole edition ofthe succeeding day
n,-MKs. Bsrv ooRr : GRAsp FAscY BAL / came
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before IL o'clock, precisely. aa -.
Meeting at the Exchange Relative to Cse-
aafH-, 1-- neral Bankrupt Law.
The lower Rotunda Of the Exchange was filled yes
terday the occasion ola meeting Of merchants and
others, to pass resolutions petitioning Congress to
pass General Bankrupt Law. The Mayor was in
the Chair with steen Vice Presidents and four Sc
cretaries, of whom, Prosper NJ, wetmore was the
principal. Gao -'ts'
There were four speakers Mr.. Patterson, Mr..
John M'Keop, Nr. H. Maxwell, and Mr.. Benz. +.
Butler. Mr.. Patterson said it contrary to the
spirt Of American Institutions to imprisOn men for
debt contrary to the Constitution and the laws of
God and nature The passage OF a General Rank-
rupt Law would. than any thing else. extend
the growth OF our foreign commerce. and an abb
soutely scntia matter OF justice to hants at
home and abroad. None could object to such law,
for none could wish to bind his fellow being in per-
pstUal bondage. All the preference, and the relief
laws OF the different States, have grown cut of the
want of a general bankrupt law out of the vice of
Congress in passing uniform law for Asolven
The Temptations of the debtorwere too strong, when
his wife and children were starving for bread; he
would listen to them before he would TO the Soce of
conscience. aT.rt A1"F. p. '
" The passage of such law a was contemplated
would restore to society men who had been ostraes
ed and in the language of Judge Story, would be the
best security of the creditor against fraud, and the
honest debtor against oppression The relations of
debtor and creditor should not be subject to
the control of twentysix separate sovereign States
but be brought under one uniform SYSTEM enanating
from Congress. nt..a 49, '-.'r -...
sa He concluded by moving a resolution calling ON
Congress to pass General Bankrupt Law. ...l.
John MKeon said, that the constitution contem-
plated the passage of a general bankrupt law, but
that provision remained almost dead letter up to
this hour. England. France, and Holland had a
general bankrupt law and should we be behind the
whole civilized wohdl He hoped all would call
upon the representatives of the nation enable the
United States take rank in the scale Of civilized
nations BY the passage of such law. The harmony
OF the Union required that all its citizens should
have free Sngress and egress 10 and from all the
States Thu was alike a work of mercy and JUS
tice; for surely something was due 10 the wife and
children Of the poor debtor who under the present
system, afraid to look their father and husband
In the face, fearful he was not acting honestly in
o his cndeavor to provide them with bread. The
representatives. OF the nation would be false 10 their
trust; false To hat they the country, if they
Z do not pass such law. We stand the beach,
and every that breaks at feet, only brings
the tale Of the shpwreck OF some Of these who
have embark ed their all on the commercial ocean.
Let Us then all urge the in Congress 10 move
forward and pass law which shall prove them, at
the same time, to be with hearts and states
men with heads Mr.. Nixon spoke well, and was
loudly cheered. He moved a resolution similar to
the former -..rt.. ..5. ..f -
Mr.. H. Maxwell delivered an Ineffective and ire
isvant speech, IN q tone ENORMOUSLY unpleasant,
as to make it painful to hstento. He introduced one
curious figure about ''the dead body of merchant
striving to reach the shere after being FRUSTRATED
the hurricane" which il would puzzle either him
'selfor any one else to make sense lie concluded by
saying that, although lawyer, he decidedly in
favor OF cheap and simple law. He also moved .
solution, which was an echo OF the two first
Mr.. ID. r. Butler said he supported the passage Of
this Law on the principles OF eternal justice patriot
ism, morality, commercial, social, political and usi-
versal good. IL would set free an immense amount
Of labor and energy. Every thing which is connect
ed with the relations Of debtor and creditor depend
ed upon legislation. The principles he wished laid
down ~ere First, the perpetual in volatility Of
cry legal and equitable contracts this, nothing could
or should touch Second, that IN all the relations Of