Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-01

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,,rv found II 10 b. The Case, they would ~, ,,
a,tv Ia report ~ caTig ~ practicable en- H. u
u,s referred He hoped tie bill would ~. r. s,.
through without reference
Mr. KING would 90 against any reference a,
snb;ec. and especially to the Committee ~ NJ, lu.
- When the Senator from Missouri, tie ctaa,
renorted bill to repeal the Distribution ac', !, wss
ported with an additional proposition, Whicil Wa
10 ,rocreJs of the sales OF the pubic lanes shcl
,nnled 10 the defence Of The country ,and tie mon
,;,, ;nyolyed The whole financial policy ri the COM.
II ,rs,yer % what was then salathat he bll .ts.
No s.nt to select committee, Tor The purpose ii ry
,;r,,;n, the condition nj the Treasury, ana a<c,r,
IL ,her Il was in condition 10 nsr' 'te cxpcuGt.
cr ,h erection of defences and not, that Re ~.
lion should stop, and the proceeds O. the ia!S sis
.,,l;ed to that ubect-they were told that Inc IN!
d,sd bv The Senator merely 10 repeal, and did,
on,re a reference aud that the object contemplated
a,,lv h. endangered by having az tc Parfc fepoI
unon !, bv select committee. lie, al that tins,s
,a>ot N refer The bill To the Committee on hihar
fairs majority Of which belonged 10 the dohihHh'
I'm, his motion did moi prevail. And now, alihoe.
simnIe measure was introduced, not 10 repeal "u'a
H. To postnone the operation OF law unti! they
look deliberately Al It, and ascertain The wi'heS
American people, with view 10 form correct ofL
these very gentlemen Who opposed the seveFa E6
In refer which were then made, came forward an
nosed The reference of the subj, CT 10 the Commit.
the Judiciary, But ifihe measure was f'gh', - +
md WAS 10 be considered rs bankrupt law, NH''.
scarcely man who would not say mat me o'ii va
~ deta Give and must be amended TO insure me p
winch II intended to accomplish. IL would ne:
H., this law 90 by until il was too late 10 amend
II lie opinion was entertained that TINS law was FL.
one "a should 90 into operation II surely was Pc
postpone il day sufficiently distant 70 cnahie 49,.
br!nr 70 their aid al! the lights winch hau u,tl'.
n.on Il since the passage Of the bill. lie bopst Z,
.hPi lre IN
and &c they had the other day refused the reie''re.
a b!l which had III view simple proposition 20 g.
liz trusted that they would not perscvere now l"a-
proposition was made not to repeal, but merely Y;
ponc the operation OF an act) IN insisting that NE
the Senator from Missouri should be sent 10 cor.
tee opposed 10 IFS object anG ihna cEah@" ~" '.s
ground which they then assumed
Mr. MANGuM SAID It was true there won.o y
consistency in acting ] different psIncipc it'A +
maintained the other day III relation 10 reerfn. ~
for the repeal Of the Distribution act, and he rea
the motion Of his friend from Georgia had been II.
fie confessed that lie was favor Of posporng "
pending for The present the Bankrupt act, becau g
believed ~ lis present shape II could not be caft"t ~.
effect. lie had learned from the very best nd''s. !.
thoriiy Of the country that il provisions afe u't.t
impracucah!e and that considerable modinca'i"t- .r
Indispensable the officers Of The judicial {.
could be endned with ubquity, the act could not e
RED INTO effect. lie therefore called upon has i!,1-
lHi. DelIeh,l 10 Withdraw MS Iollot, WIKI ~
allowing the consideration Of the bill 10 come At sa.-
before the Senate. He believed the operation d
act ought To be suspended and postponed, but e 50
much earlier thnn that named IN the bill 81 the ; c.
tor from Missouri, Time mus, be allowed Tor n.al,.
The amendments necessary 10 render the act i-sr
cable
Mr.. CALHOUN concurred with tie Senate
North Carolina, and although he had resolved = +.
pose amendment to the bill, going Al once .
peal of the act, he would now suspend that inter.
aud would consent to 4 simple posponelneii d
hoped there would he general concurrence 81 +.
point, all must be satisfied tina, there 49, !.
necessity for postponemcnt.
MIR. CLAY thought that the reference propose e
proper, and he had idea that the conn.,tcr H. y
II might be given charge would retain II until The i
should 90 into effect. They were told by those 4.
made il The particular subject Of their attention, III,
some amendments must necessarily be made 10 c1s.
It into effect, and that the purpose OF the sugrcns
was to enable them to introduce amendments. Int ST.
thcr banking corporations were To be included X II
made difference. They learned from all Guatle
that some amendments were Indispensable. an ~
was one Of those subjects on which he could
propriety in yielding 10 public opinion, II he cou
satisfied that modification Of the law was called IA
On former occasions lie gave his opinions in accc.aaaa
viii the principles which lie made his guide NJ 4
cause his State called for this act but upon the lic
principle that It was called for hy the commercial
other States, and iha, the Government only posse
the power 10 pass such law. lie would repeat, u
II lie could be satisfied beyond all controversy, tia
public opposed 10 the law the retention q
upon their statute books. he would have 10 oh,cct
suspend IFS operation or favor is repeal.
Mr. BUCHANAN had endeayored last session 'a
ustrate the matter-twenty years ago he had n,e !,
gated this subject, and stated then. he did now.
si1rafr a-banErupt law must be wholly 'mpraciica'
When five hundred thousand bankrupts, or even Z
hundred thousand, are 10 take The oeneh' o. W. |,
and must all pass through the Federal courts 4 !;
necessarily be an mpraciicahle law. There - - Y
native but either to augment the Federal dsirci
to meet the occasion, or TO suspend the law itself
Constitution gave 10 Congress alone the auhofE Y
pass bankrupt laws, and the principle had been cec
over and over again, that the cases OF banhraPF
arising under them must be decided rs the c"cf.' n
the T. S. On the immediate question Of rcier,acet
one committee another, Ee bad nothing 10 saE.
he would do, would be 10 call gentlemen T. "Hogi
might be referred, say how the Federal district
are 10 accomplish oil the duties tins actwii throw
them, or how the brought INTO court ,ae -
month Of the operation OF the law can De discis
within the next seven years
Mr. HENDERSON said that the power beng %
Constitution, and the power having been taken n'1'
from The States 10 pass bankrupt laws, Il @as The -
duty OF Congress TO place the sub II w.
ticable form. He did bcI,cvcl ~ n
fective as 10 preclude IT from beng carl ~
tion and although he believed that the process ~
slow, he was satisfied that something could Be ID \
However, he had objection that amendments s. gu
be made which would facilitate It's operation. - ie
them not act the part of children this matter, Il e
ing a law, and, before II went INTO effect Pr"rc' ia
commencement OF It's operation. tie ha! ne :. A'''
believe that the public sentiment had changed upon po
subject II bankrupt law wss not proper 4 ~ va
sent time when would II he proper T. emo, one "a
hoped that the blll would be referred - The
the Judiciary that they might conshcr liz 80 ~
liberately and report upon some plan 10 acn '- f"e