New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-12-27
The Bankrupt Law shouId not be re-
peaied.


S. C.-net Wing paper-speaks as follows:
"TH1 BANKRUPT Law.-The precipitation with which
majority OF Ine House OF Representatives urging the re.
peal OF the Bankrupt Law is adverse 10 calm and consider
legislation TIE law uDqurstionably requires amend.
The creditor is too much in The power of The debtor
under the present Get But The uniformity OF The egs! re-
iaoA between debtor aud creditor throughout the Union
to be sacrificed because OF detects III the exDg law
These may be cured and permanent system established,
protecting alike The Interests OF the creditor and Inc per
Sonal rights Of the debtor Onreg has been marked
by in this other measures OF Congress We
tried the system OF compulsory bankruptcy exclusively
We then adopted the mixed scheme of voluntary and COM
puory bankruptcy combined. Tut OIL the hrst plan we
placed the bankrupt al the mercy OK S creator so On inc
present pan have reversed their position Now, thai
some scheme might be- struck ont, retaining The advan
pared 10 pronounce would the great desideratun OF
bankrupt system saited 10 the wants and habits OF our
people"
So the Charleston Courier of the same date
Dec. 2lst-in discussing Judge Weiss Opinion
adverse the copslitutonaity of the law, observes
"While the subject Of the Bankrupt Act, MAJ
well say word as 20 its proposed repeal We believe that
e Bankrupt Law was, and is wise, judicous humane
The wants and true Interests OF our country In
there general Bankrupt Law-hcre The law OF Eaak.
traders; and the Consequences is mat Parliament has peri
odcay pass Insolvcn Acts r the relief OF other classes
Of poor and BROKEN debtors The a soyea; laws IN s
mode OF relief are imperative out OF their respective
State limits except as between voluntary suiios in the re-
spec,ive State Couris-ence the mperops necessity tor
general law uniform In lis operation and mode oil
relief all tie Union and which the Union only has con-
stutonal power TO pass TO repeal The la" now or speed
lily but work partially and nus'ice-we think 1t
wise and benefcent law, well for creditors as debtors,
and that Should be rpeaed but irepeal must te
the order the day let be prospective and far enough
ahead enable every OF the present generation OF
adults, who need its benefits, 10 have them II he WILL Let
all have fair notice and full Opportunity before The work OF
repeal consummaedor The sponge has been already SO
extensively applied that ii would be foul wrong and inns
ice to deny it 10 others who are now in the category OF
bp2HT9P'ey .hora hs GO cch- and aess as fins
q
petog President will add really good and vlrtuons
strong in humanity, for the suffering debtors Of our still,
suffering land"
A correspondent of the National InteUtgencer
sums up the good points of the Bankrupt Law as
follows:
prevents undue credit and this should please the hard
money men, il they are sincere.
1t prevents assignments OF preferred creditors often
il does aSay With the conflicting bankrup. laws Of the
States, and puts all on footing OF equality
1t fair dividend of the effects Of the falling
1t allows the creditor to compel falling debtor to gonlo
1t the exercise of the mos, benign power of the Con-
ution the only which has been uaexercised by our
Il extends the proec of the laws class OF our
citizens who eRed consideration under the
Constitution well the more fortunate. The laws
should not be made for the rich"
WHe ARE FOR FREEDOM The vote in the
to rescind the XXIst Rule of the House, which ex
cludes all Petitions relating to Slavery from a
hearing or consideration by the House, YVES as
follows:
Ayes Wigs Wh cos and f,is. % Fetal ToaI
Locos from Free States voting Nay...45 Wings DO none
Whgslrom Slave States voting Ayenone Wings do.'la
10 Gov. CoRwIN of Ohio was pressed to par
d, hrs
tirement from office, and complied. Over 800 Ia
dies and gentlemen graced the festival. Ex-Gov
VANcE presided, and the whole affair went off
delightfully."-. Tom Corwin is not put down yet, by
| considerable
~ Maj. GEORGE w CRAWFORD of Richmond
Co. is the Wing candidate for Congress from
Georgia, in place of Hon. Richard w. Habersham,
deceased. Mr.. Nc Dougald. Senator from Mus
coge, is the Loco COCO candidate.
20 Mr.. c. HARDING, the eminent Portrait
Painter Of Boston, has taken up his residence in
our City for the winter, aud has opened rooms at
Ne. 20 Park Place. Mr.. Hurding's likene$ses
have very rarely been surpassed among US; and
the lovers Of Art will find pleasure in an hours
observation of the few but excellent Portraits OF
well-known citizens which grace his studio. We
have viewed them once on the instance of friend,
aud shall repeat the visit at our earliest leisure
on cur own motion and for our own enjoyment.
| 70 Can any one inform US what has become Of
the resolution of inquiry submitted by Assistant
! Alderman Waterman some weeks since in relation
to the Croton Water Tax and the means of raising
it without Increasing the burthens of the people
AT the same time we would be pleased to hear
something or the subject of Assistant Alderman
Brady's resolution to abolish the Office Of Ward
Collectors. $4,000 year saved, and the work
. little better done, are not to be disregayded
| in these hard times.
~ Mr.. H. Robinson has published very neat
| miniature of HENRY CLAY. Il. may be had at Is
| Saruce-strces.
70 HEcroR O'HALLoRaN and his man Mark
Antony Toolc, No. VIII. was published yester-
day by D. Appleton g. Co.
| 10 The Rev. Mr.. Taylor, the sailor preach.
en- is going to Europe for the benefit of his health
/ 10 Jasper w. Gilbert of Rochester hes been
appointed District Attorney of Monroe county.
1 PICKED oysrKRs AMP BoSEp Tusxsy. ii.l;sa, hez
announce shat they hope tomake New Years calls
~ aorse IN the City aud tia, they may be found an.
- 80 ~ a4easy, IN Prime order and ypsendidly dece-
sa'sa' as oee. Downnas so Eour,hs usar Broadway