The native American., 1840-10-10

both body and soul. Under such circuni.
stances it is no wonder that he cannot oh
tain credit and assistance. No one will
trust their goods to a man with the GER
tainty that the moment theyenter hisdoor
they will be seized to pay old debts; and
none will venture tolend man hopelessly
insolvent. But our best merchants now
are those who in forlher Years were unfor
ui,iate, Surrendered all, and were dis,
Enlarged, for their former spirit had been
tempered and chastised by mislnrtunes,
and their enterprise schooled and subdned
by experience.
We have thought that these remarks would
be applicable to the present moment. At the
last session of Congress, innumerable petit
lions were presented for the passage Of a
bankrupt law, but after lingering for long
time, the bill from the inaction of Mr.. Wall
was delayed to the end of the session, until
it was said to be too late, and it was given the
go by in Congressional style; it will, IN
doubtedly, be revived The coming session,
and will we hope, be made test at the
coming election in November. 10 do the
wing party justice, and only justice, they are
in favor Of a bankrupt law" with the ex-
cep'on of few Shylocks who, insensible
themselves to justice and humanity. cannot
fe Ell for the unfortunate; and as their IN
hearts have never throbbed high with honor
able feeling. they cannot understand or be
made to feel, that any distinction should he
made between the honest and dishonest. be-
tween the unfortunate or the impruient and
the rogue, or to realise that a high spirited
man can never consider his obligations paid
even if discharged from legal obligation. until
every cent is paid up Of principal and inter-
est The foreign merchant has also IN err
taken to give his views to an American Com
gress on the obligations Of an American cit.
izen; and the only harm we wish them is,
that they may in their tnrn be made to feel
the necessity Of general hankrup, law
They will, in such a case, receive small
comniseratian rom the community at large.
The democratic party were plainly in fault
in this respect, for il they had been homes,
and sincere in their professions IN favor Of a
general bankrupt law. the feeling in Con-
gress evidently was to embrace corporations
in the provisions of the law; but its political
effect was dreaded as uncertain, and unfortu-
nately wings did not hesit tie to apnroath the
democratic Mr. Wright with objections, and
to kill bill which was destined 10 maxi. for
their friends great political capital. The Pres
ident Of the United States, at last convinced
that the trimming policy Of his party was in
furious to his prospects Of success at the COM
ing Presidential election, has at Last declared
his opinion in favor of bankrupt law inclu-
ding corporations; and as both parties are
now in favor, we do not see that any diff
Guilty exists, if those in favor Of the law will
make it a test question at the coming cleo
ton, and allow Of no hesitation or circumlo-
cution in the reply. fire you IN favor Of
a general bankrupt ln'o as II passed The Sen
ate; and aciN you, If elected, use your er-
er'ions to The best IF your ability, 10 ensure
its passage early IN the coming session
.answer yes or no;' and by their response
vote for or against the candidate without re-
gard to party lines We believe associations
are formed for this purpose. We hope they
will act with spirit and determination.