The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-12-14
BANKRUPTCY.

The CHAIR announced the resolution Offered
by MIR. TALLMApGE, on Thursday last, calling upot
the Secretary of State for information as to the ell
ecis Of the Bankrupt law in the several States) td
be the first business in order
Mr. KING asked the Senator from New York
whether II was ms intention 10 press the resolution
IL so, he believed the effect would be TO give he
bill TO repeal the Bankrupt bill the "go by" nc
did not think the information called Tor could DC
gwen before the close OF the session, and then II
would be too late TO act upon the bill.
MIR. TALLMADGE thought that there could DC
no difficulty that score and that II circulars were
sent out, the call could be answered in tweny-our
hours alter the Information was received.
MIR. CRlTTENDEN expressed his willingness To
vote for the resolution, if it should be amended Sc
to strike out the call for the points OF the decis-
ions which had been made.n This he thought would
make the report too yoluninous and too expensive,
and might delay the answer. With regard to the
law ITSELF he avowed himself ready for its
repeal, and he hoped that it would be repealed
at the present session He had preferred Bankrup,
BILL limited IN Its suratlon to permanent system o
bankruptcy. He was convinced that public opt
MON was against Bankrupt law, and in his own
Slate he knew that this was the fact The law, he
believed, had accomplished much good in the relief
Of many unfortunate debtor, and doubtless, as
the with all human laws, il had done much
harm.
Mr. TALLMADGE said that the information
called for was very limited, and he believed the
swer 10 his inquiry would not result the Senator
from Kentucky apprehendsd. Upon the merits of
the question, he would say more at present than
that, according To his knowledge the bill had been
gaining friends every day, since its passage. OF his
own knowledge, he knew several creditors formerly
opposed to he law, who its friends.
Mr.. BERRlEN suggested to the Senator from New
York TO accept of the amendment proposed, as, 9TH
erwise, the adoption of the resolution might be en-
dangered As TO the Bankrupt bill ITSELF Mr. Berri-
en- was of opinion that many ip favor Of such a
law as the present, though in form greatly modi-
fed.
Mr.. TALLMADGE accepted the amendment and
The resolution was then adopted.
REPORTERS.
Mr.. BAYARD, agreeably to previous notice, in
troduced the resolution offered by him at the last
sion of Congress- to establish corps of reporters for
the Senate The resolution was read first time,
and, under the rule, laid over.
THE ExPUNGING RESOLUTION
The resolution to rescind the expunging resolution,
with the amendment proposed by Mr.. Benton, was
also laid over for future consideration
THE BANKRUPT LAW.
The bill of Mr.. Benton to repeal the Bankrupt law
coming up in the order of busine $, was,
On motion of Mr. GRAHAM, postpor ed until to-
morrow.
Mr.. G.. gave notice that he should introduce
an amendment to the bill introduced, the
effect of which would be to allow all pending cases
of bankruptcy to be disposed of in such manner as
if the bill had not been repealed.
The Senate then adjourned.