Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-08-14

pubic edlhces which adorn your cities and
villages throughout the country-by the
growth Of your manufacturing establish
ments, which furnish a foreign market, far
surprising any foreign market, for the pro-
ducts of your soiI-by your internal i'm
provements, your canals, which bear your
domestic commerce on their bosom, and
your railroads. which carry, with almost the
celebrity of thought your citizens to the
most distant points. Yes, Mr.. President,
these are the men to whose enterprise YOU
are asked to give scope-whose talent you
are requested to release from the bondage
under which it labors, that they may once
more bound into activity and life, and re-
pair, by their activity and unfettered ener-
gy, the loss of fortunes as well as the loss of
friends-that they may have the opportu-
nifty to add to the stock Of our national in
dustry, and consequently to our national
glory. They have been overwhelmed by
the calamituous state of the times, without
fault on their PARTLY the operation Of
causes against which no prudence could
guard, and no foresight provide. The whole
nation is interested in their release. The
interests of every portion ofthe country are
reciprocal. Kentucky and Virginia, with
no affirmative feeling in favor of Bank
rupt law, are nevertheless indirectly benc-
fitted by its operation in Mississippi and
New York, where it is needed--and so Of
every State in the Union, whether its ope-
ration within its own borders would be par
ticularly felt or not. Above all, we arc
bound to listen to the cries of aged parents.
and helpless women and children, which are
borne to US on every breeze, imploring US
to grant relief to those who are nearer and
dearer to them than life, and on whom their
sustenance and support and perhaps their
lives, depend. Do not drive these men
from their families, and as exes from their
country. Thousands have already gone TO
the Young Republic on our borders, with
the hope of providing for the families which
! they have left behind. and for whom, under
the rigor of our laws, they could make no
provision here. 1t is forced and involun-
tary exile. As they left. they cast "long-
ing, lingering look behind" and are anxious
to return again to their native land. This
is no fancy sketch" speak from person
al knowledge of some cases, and from the
best information in others. You are dri-
wing from their country and their homes
some Of your most valuable and useful Cit
| liens, to take their permanent abode in
land of strangers, unless induced to remain
or to return, by the passage OF Bankrupt
law.
| have sometimes heard it said. that the
new States have no interest in the passage
of such law. This is a great mistake,
and results from narrow or inconsidcrate
view of its effects. Aside from its gen
eral and beneficial influence on the whole
! Union. those States will derive peculiar
benefit from it, 1t will send to them some
of the most active, enterprising and ener-
getic citizens from the old States-citi-
zens. who will rank amongst the very best
of their population, for they hold that rank
at homeland who will contribute as much.
if not more, to the advancement of the
prosperity of those States than any other
equal number who may plant themselves
upon the broad streams and extended
prairics of the far West After surren-
dering their property for the benefit Of
> their creditors, under a Bankrupt law.
j many will not be able TO command sutfi-
cient capital to commence business anew
, on the spot which was the scene of their
misfortuneS, but by the aid Of friends will
be enabled to gather up a moderate amount
to commence the world again in that re-
gion. where small means become great. bv
the manner in which nature has provided
a reward for intelligence, industry, and en-
terprise.
1t is, however, objected, by some crcdi-
tors. that debtor should not be discharged
from the obligation of his contract except
by payment and satisfaction Of the full
amount. This is true, if he is able to pay;
but if he has not got. and cannot get, the
means to pay. it is in vain to expect any
benefit. either to debtor or creditor by hold
ING him in bondage. On the contrary, the
interests of both are promoted by his dis
charge. Creditors are beginning to under
stand this principle, Hence it is, that you
find amongst the petitioners for a Bankrupt
law some of the wcalthiest and largest
creditors This is true to great extent in
the city of New York. Its almost unver-
sally true in the good old town Of Boston,"
| regret that the creditor portion of New
York is not equally unanimous. We have
from that Commercial Emporium" few
circumstances. In sagacity. in the ability
to perceive their true interests. our Eastern
: brethren, | am free TO, confess, are more
keen and farsighted than some of our good
citizens Of New York The former do not
look over their musty bundle of bills re-
ceivablc,' and hug it as the miSer docs his
gold, whether it be valuable or worthless;
/ like practical men and sound political econ
. OmiStS they inuIIirp what ran I've made