Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-31


for it; il not, he would not support it; and he shoulC
| prefer to see the present bill repealed.
| Having concluded his remark, MIR Benton We.
abou, to introduce his bill, and the Chair to pro
pound the question for first reading, when
| MIR HENDERSON said he could no, 81, nv and
| hear the remarks OF the Senator from Missouri
| without ptferin: some few words in repy. The
Senator said he did debate the Bankrupt bill AT
| the special Session. Why mott The till was
brought up, argued in general and in detail hy Sc
majors on all sides, as would he well remembered
| by the Senate and the country. Every part Of il
was discussed, and every provision alluded to by
the Senator from Missouri, this morning, and it not
| by him by Others opposed TO the BILL
! The Senator had also promo unced the bill n mere
insolvent law, and one greatly immoral in its cha
| racter. IL so immoral, which he denied, the dis.
covery was not soon made; for the Senator had not
thought proper to make complaint OF the insovent
laws so long IN force in many OF the States But il
was no insolvent law. and no insolver law, it was
well known, could reach beyond the States. Tn.
Courts had uniformly decdnd that nv such jurs.
diction extended beyond the powers of the States.
and encroached upon the powers of the Congress OF
the United States.
The Senator had also made remarks in reference
to the assignee portions OF the hill, which were not
warranted by any thing in it. Equally unjust was
what was said OF the party character of this b.-
IL originated with Senator from Michigan, (Mr
Norvell) political friend OF the Senator from Mis-.
sour; and whatever honor belonged To any one for
It's introduction here, belonged to that Senate.
s;itution' and had told us what he would do If he
were Judge upon the bench. Why. them did the
Senator condemn this measure IN advanced Why
could he not wait the judgment OF the Courts, as
he was convinced the bill was unconstitutional
Mr. III. commented also upon what the Senator
from Missouri had said Of the difference between the
Bankrupt bill of England and the bill passed nt the
extra Session ct Congress. There was no such dd-
terence as he had specified; and the terms Of the
law m reference TO corporations were the same
There was no Bankrupt law in the world which in-
cluded corporations. II seemed singular TO him.
(Nlr ~ also, that the Senator should oppose the
bill for the reasons he had given, particularly when
&c remembered the views which that Senator had
expressed upon the indebtedness Of Europe.
Nlr II. also briefly alluded, in conclusion, 10 the
petitions which had been presented in tho morning.
by the Senator from New York, CMr Virgin and
which PRAYED for n postronemtnt of the onor,fian,
OF the oil for two Yeas from the present time.
MIR WRIGHT Sai in reference to the petitions
presented this morning by himself, and the remarks
o. the Senator from Missouri that he was not tn be
placed, by any thing which took place here, IN a
position Of defending the banks. II would be a
wnnton violation Of duty on their part to create IS
had been Unlimited, 4 state Of THINGS which would
lead 20 sacrifice Of the property Of individuals ms.
signed under the bankrupt law. They should have
Their charters taken from them iithey did So Their
app'chcnsonS was, audit was IN his view ono W hich
mertcd consideration, that private individuals were
boarding fer the purpose OF investment in propcrty
which might he sacrificed. The banks were appre
htnsNe mat the asses from the operations OF the
bill would come 10 public sale and be crihccd.
Mr. HENDERSON said he did not mean to saw
The banks were lnsovs0t, bu, that they presented
case very suspicious IN presenting such a calm rs
they did here IN this memorial to postpone the
lnArrp' law. He meant 10 say, and drew the
Inference from the I1emori,l, that such PRAYER
from such quarter carried with II the appearance
OF concealns state OF things which perhaps would
nc brought to light toy the enforcement OF the bank.
rJ?t law.
Mr. CALHOUN, in conclusion of the debate, |
,'id ne did no. arse to Oppose the motion - brIns
IN bl.. which had been submitted by the Senator
from Missouri. On the contrary, he Believed the
bill TO be one OF the unconstitutional ever rrc.
'cnied, and capable OF incnlcuablc frauds When
me bill came up moving postponement, he should
then introduce IN amendment proposing the uues
ton al repeal. This would remedy all the evils of
The bill. lie agreed with the Senator ffom Nlis. |
souri, m almost al he h'd said uron the bill excspt
ls TO the passage @! bill TO include corporntirns
Unconstitutional as the was that wou d make
siI!l more unconstitutional And oppressive as II
low was, thrtwoud make i, still more oppressive.
lie was therefore, utterly opposed to including banks
n any act OF bankruptcy. He hoped, however, the |
mater from Missouri would persevere in bringing
he bill forward.
The bill was then introduced on leave, and had
Is hrsI reading.
And then the Senate adjourned