The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-05-13

~ ~ F"tLl thFl ~ Fah tn.
- - agFesmeHi n lhis mailrr. by -
q .dslIbsEsi0a. Whea Rshtlsp...
esiss shsir dividends. By H. sIo. 49,, -
Ipous process q settlement unl.tr !, !.
signmenl. ! nssi tl;ey will e eos,,.'ss
Of lhsir folly and iniaslies hi, -
Dot. however much 1 rsgrrl he r,,sl,..
Our deliberations. ! am free % rsnl...
that ] am not 10 lhe least disapp0irl,s I
hare bren in business IN ina 60 a.
a.sny years. and during that lime -.
attended paRy nse'ings !0I creditor; ~
The instances have been very rare. sh,,.
any sgreemsni has been rhisred inn 4.
tween eredIinrs, uhlrss lhe dsblo, -.
knosn o. believed 20 Be- q di,hansv !.
PsOfigsls man. The result q lhi. a,,,.
ing has confirmed more fully. lhe o.,s;.
ons I have for some time enlerlainsJ--af
The necessity and Importance % ! n.lios.
81 Bsnkr1pl Law. 1 am more ,hsn ,,,,
persuaded. that il 10 BY lhis means ,lo..
Thar justice will be done 10 an homes, IL,
unfortunate debtor. and the Interest All
wishes Of one creditor be not saerl6eeI
by the svsrieious desires or ptrsoa,l
piqse Of snolher; ! am far from bsli.,in.
thai any mans blood and bones shOuls
be made liable Tor the paymeul Of Il,
debts. ! look upon . dsbior somsxhu
in character of an agent. To The dsb,.
or the creditor enirusis the care and man.
segment Of his property. The induce.
msni 20 This taside IRON gainl 10 predis,,.
Cd upon his responsibility Of characters J,
properly; and instead Of fixed salary lor
his services. (in which case The shule
profits II he business transaction would
belong 10 The smployer) he isehsrged with
On advance on tie ofiginsl cost Of he
goods. and has full liberty 10 devote /,
his own use and benefit. the profits sri,.
ing IRON such traffic. and 10 accountable
10 The creditor. only for the amour. Of
his insoiee. And The fact. that his own
personal inisres, depends upon his sue.
cess. 10 supposed 10 be 90 lsr guarantee
Tor good conduct. that . discretionary
management 10 allowed him 10 set accord.
ing 10 the dictates Of bis own judgment
AZ sgsht, with stipulated eomp.nsa,
lion. and having no dlree, interest in The
matter. he acts under HE Instructions Of
his employ e.; and 10 only made liable. and
subjects pensl,y by disobedisnes 10 bic
instructions. So. also. the dsblor. 1.-The
be unfortunate. and guilty Of no fraud or
dishonesty. should only Be liable Tor q
faithful surrender for al his sfssm inlo
the hands ofhis creditor. In either case.
the creditor. or employer. skes The risk
Of business; and strict justice and hums-
nifty. give power over the person OF liter.
Ties Of the debtor, or ssen,. only for Do
reelection Of duty.
Hard Heart. Yes, IL you vss Law.
maker. we should have ine times. Eve.
~ scamp 10 ehrisisndom would get OUT
goods, burst up when IL suited bic con.
Venitnes. snd after plscing his properly
in The h,nds OF some kind friends Cor sais-
keeping. take The advantages Of Jour
bsnkrupi Law. and then Tell bic creditors 10
whistle for their pay"
Justice No. my friends; yeu wrong
me. and 10 injustice TO Jour own under.
standing. would rrgrs, extremely. 10
advocate any measures that ouli induce
our shrewd merchants 10 trust every
scamp in chrisicndom with their goods. !"
and equslly 90. any measures thar might
enable such men 10 escape The pensltes
due 10 their crimes. Such, however. are
no, The consequences which would result
from bankrupt law. On The contrary.
i.whould protect us from both these eyils.
IL would inspire in creditors greater eau.
ten IN relation 10 whom they trusted.
More regard would then be- had to the
personal worth and qualifications of,hOse
who might apply for credit. and less de.
pendencs upon the names Of endorsers
and other friends. The effect Of this plain
ly would DO ssaluIary restraint. and the
community Of large would be less often
affected BY q series Of disastrous failures.
BY the passage Of this benevolsntlaw. tho
general welfare OF our country would be
greatly enhanced. -eslling into lively eI.
ercise tho services Of more than half
million Of her mos, talented and energetic
citizens. aad still yasier amount Of suxi-
liaries. dspenden, upon them; BY il. tho
interests Of religion and morality would
be promoted. --cnabling these hundreds
and thousands Of their bes, friends and
mos. liberal supporters. to come 10 the
aid Of the church, and the various Public
Societies AMI Institutions, whose works
Of love and charity are known and iell
throughout the land. and which serve 10
elevate US in the estimation Of all foreign
nations; i, would exercise apoweriul mo:
raj influence upon the community BY De.
stroying the necessity fnr resorting 10
those unworthy shifts and rxpedien" Iot
a living. To which, in the present emer-
geney. this hos, Of unfortunate men ara
driven; il would afford to all. that person.
al liber,y-Ihe freedom Of intercourse pc
tween the States. which the fathers OF