New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-12-23
Repeal of Bankrupt law. sc.
Correspondence Of The Tribune.

WASHINGTON, Dec. q, 1912.
In SENATE, to-day, various petitions were pre-
sented. Mr.. BENTON presented a petition Of citi
zens of Washington County, VT, for the repeal o.
the Bankrupt Law, and he accompanied the pre-.
entation of it with his usual violent denuncialions
Of the law in its every aspect, and demanded its
immediate and unconditional repeal.
Mr.. LINN from the Select Committee ale
subject reported :he bill 10 authorize for
the occupation and settlement of Oregon, &c. &c.
and expressed the hope of its early passage.
Mr.. ALLEN re-introduced his resolution to re-
,cnd the rule of the SenSte requiring the transac-
Ion OF Executive business with closed doors, pro
yiding however for its continuance with reference
70 the consideration of treaties. Laid over.
Mr. BENTos introduced resolution inoniring
Of the President of the United States whether any
proposition had been made by the British Minister
10 the United States in regard to the assumption
of State Debts. Laid over.
Mr.. LINN offered resolution calling on the
Secretary of War for the report of Lieut. fremont,
commander of the Exploring Expedition beyond
the Rocky Mountains ;-adopte6.
The bill authorising the REIMBURSEMENT Of the
10Th section, granted for the use of schools and
the entry of other lands in lieu thereof, after some
discussion, was eugrossed for third reading, as
was also the bill making donations Of lands to per-
sons residing in the State of Arkansas.
The Senate adjourned.
In the HOUSE, Reports from Committees were
received during the morning hour. Mr.. CowES
reported from the Committee on Claims resolu-
ton for the meeting of the House on Friday and
Saturday OF this week at ten o'clock for the con-
sideration of private business: adopted-Ayes77,
Noes g.
A resolution OF Mr.. GIDDINGs from the same
COMMITTEES, authorizing it to employ clerk, after
some discussion was adopted.
Some other unimportant reports were made
The bill for the repeal of the Bankrupt act was
then again taken up. Mr. PIcKEsss pending
motion for the previous question failed of a Sec
ond: Ayes Sc; Nays 81.
Mr.. BARNARD then withdrew his motion to
commit rhe bill, carrying with it the amendment
of Mr.. c. J. lSoERsoLL,) and moved an amend
meat to the bill 20 provide for the repeal of the
voluntary provisions of the law, and that the re-
peal shall rot affect applications made before the
4th March next.
Mr.. Underwood briefly advocated the amend
rnent7 urging the propriety of continuing the law
IN force In reference TO its involuntary provisions
as measure of security and Justice to creditors.
Mr.. HopK1ss went for the entire repeal Of the
law, as iniquitous in its effects and unconstitu-
tiona!.
Mr.. BRlees renewed the motion to commit the
bill TO the Committee on the judiciary, with in
srructions TO report bill excluding voluntary APP
Piieants, and including corporations issuing paper
money.
Mr. Cave JoHysos moved to amend Mr..
Biggs's motion by insruc,iag the Committee to
report bill for the entire repeal Of the law.
MIR. WISE advocated this amendment, and con-
denned the existing law tn toto as mere party
measure passed in hot haste secure the votes Of
the 100000 bankrupts in the country and as the
cause OF the present distress pervaaing the land.
MIR CHARLES Brown desired the modification OF
The bill SO as toinclude banking corporations He
thought much Of the popular objections to the bill