The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-06-03
THE SPONGE LAW OF THE EXTg A
SESSION.

We have never entertained but one opinion in
regard to the bankrupt Law Of the extra SESSION.
and that was that il was one oIthc most nCdriOuS
and dangerous laws ever engrailcd upon the Stat
ute book of American legislation. We have not
spoken of this offspring Of the extra session hereto
fore, for the reason that we had concluded TO wait
until the people had seen the effects Of the mca-
sure. But il is high time for every honest nan in
the nation 10 demand lis mediate RcpcGi. That
there might be system Of Bankruptcy established,
that would he beneficial 10 many honest individu-
ais, we do not doubtful the present ,bankrpt law
is destructive TO every honest principle, hostile TO
enterprise, and the honest prosecution of business
upon credit. There are many instances, I'M
doubleday, under the present system, where hon
est debtors may be relieved, but lis tendency is to
henelt .fytcca rogucs where it helps one honest in
diyidual.
Our purpose in this, is 10 give the views of 9TH
ers, in different parts Of the State. The letters
which we give below, speak for themselves. Is i,
not time to speak out on this subject
a friend writes from Orange County under date
Of May | lth us follows:
81 believe it is time for every true friend Of his
country TO act. Such state of things, and such
depression in the business generally, never before
saw But we could live and get along, were it
not for that accused offspring Of the IIhig EIha
Se@ion,-lhe Bankrupt Law. That seems to
unhingc and PROSTATE every honest principle in
cicly. II destroys all confidence. and is dcsluc-
tive TO every principle of right aud justice. 1t
comes up 10 the Fanny Wrgh, doctrine of distri-
button of property every Saturday night. To-day
agree 10 give my note for 500 ,-to-morrow this
law SAYS my contract shall be cancelled with Il
tin whislle-and why Because am not worth
as much then, as nov Is this is not acrarianlsm
with a vengeance, know not what is: and this is
the law that was fastened upon US by such Rep
rescniali,cs as the one from YOUR district; who
deemng it unconstitutional yet voted for ii in or
der to secure the passage of another law equally
destructive Of possiblc) 10 the true Interests of
the country"
A friend Giom LamoiIlc County writes as fol-
lows:
Excitement has been the 'order Of the day
here for some time past. Things are now getting
more cool, however. There has been no new
Bankrupis since the time expired for bringing
in their petitions for the coming sitting Of the
Court at Windsor, in this month. But 10 doubt
there is another grst 10 come, If this b0ich comes
Off decenlly well. The Iafnoe County Petit
ton, for the repeal Of the Bankrupt law. now has
about four hundred signatures and will be forward
ed soon to Col. Benton. Public opinion here is
almost unanimous in condemnation in tie strong
est manner of this law 1t will he regarded in iu-
ture, with more eyecrations and deteslnilon, than
the 'Alicn and Scdiiion' law. | could write a
week, in describing and portraying its wlckedness
and CORRUPTION; but ii is no use As soon as the
people pass upon it'll riii be consigned To the low
est depth Of infamy No doubt there might be a
Bankrup, law. that would perhaps. he not only
just. bui humane -bu, they have NJ, got The Thing
Ibis time