New-York tribune., 1841-05-20
STATE INSOLVENT LAW.
ponent.


DEAR SIR Petitions like the one published IN your
paper, asking that the earngs of an honest lnsoyent otter
he has made faithful assignment of all his property shall
be exempt from any liability former contracts, have
been presented both houses, and ha "cry is stall they
come" This principle Of protection and encouragement
labor and economy fast gaining friends IN and out OF
the Legislatures and nothing has contributed more to this
valuable result than the editorials your estImabe journal
send YOU bill and remarks that find the tables OF
the members which proposes simple and constitutional
remedy Tor the evils under which the community now labor
think would be well let your readers that your
views are responded to- by printing the bill and remarks
am rejoiced to that the principles of philan-
thropy are beconng better understood within lew years
To encourage the unfortunate TO renewed exerons by
holding up to his view the advantages of toll and character
is much more likely call his efforts than the threat
ching from creditors bills and executions. This will pro-
ect the debtor and creditor and add the productive labor
and moral intelligence Yours truly PUBLIC Coon.
PRorosEp LAW To PROTECT THE EARNINGS OF HONEST
ISsoIvEvrs FOR SUPPORT THEIR FAMILIES,
AFTER HAVE ;iApE A FAITHFUL ASSIGNMENT
IN ACT to amend Title Fus Chapter 5, 4rce s. Of Part
Second, Of the Rerised Statutes.
The People Of the Stale of NewYork, represented in
Senate and Assembly do enact as follows:
ter s. Of Part Second of the Revised Statutes is hereby
amended by adding thereto the following words: E" and
that his future acquisitions, except spch ne may Obtain
BIZ nit devise beques se OF dlstri luton,
may be exempt from execution or other proceedings Tor
any debt arising from contract previously made
. Section seven of said article IS hereby amended.
BY striking out what follows the words " himself and
family
3 Section ten OF SAID article is hereby amended, by
Inserting after the word imprisonment - aad that MS
future acquisitions except by gift devise, bequest, or IN
the course Of distribution, shall be exempt from execution
or other proceedings
81. Section twelve of said article IS hereby amended,
BIZ inserting after the word assignment the words " by
Gift devise, bcquest or in the course OF distribution
Rr,ARxs-This bill is well calculated and intended to
encourage honest unfortunate nsevents pursue course
OF patient honorable industry, accumulate property for
the support OF themselves and families
Without il they have encouragement 10 act honestly
all their earnings daily liable 10 the operation OF exc
cuons and Creditors bills in Chancery; and Is in vain
that an honest nsolven devotes his time and
patient labor He neither capital character IN
less he degrades himself commit fraud and sometimes
perjury, by concealng his earnings The aw deters nun
ro acting honestly. II compe!s hun 10 deceive II he wishes
10 support MS family
This law removes this necessity for fraud, and will
hun preserve his character for honesty and IN
dust because Will De OF service him after misfortune
shall have taken from INN the fruits OF his former aoors Ii
viii nculcate what often hea! maxim, = thai
honesty Is the best policy
Under this act will be the interest OF insolven
honesty Under your present disabling laws IS his
interest be dishonest Ii would be well all legislation
should be OF character encourage and promote honesty
and Industry.
oar laws and the laws Of all the states, exempt certain
household properly, &c &c from execution. This primer
pie OF exemption viii do good il extended, as L here
proposed 10 property hereafter be acquired Such l.
no~ the law OF Maryland.
~ A Mrs Wood lately committed suicide near Nash
VIE Tenn. BY shooting out her brans with Iie