The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1842-02-01
9th CONGRESS---2d Session.
Tuesday, January Is.
THE BANKRUPT LAW IN THE SENATE.

NSholOAS NS ICpCdl
VIZ. Morehead, in presenting petition
against the repeal of this law. exnressed b;s
desire to support any means which sbonld SET
| the captive free, and tend to ameliorato tho
condition of the unfortunate througbout th,
land but he was convinced, from letters ma
communications with the people of KentucL,
as well as from the resolutions which had nas
sed the popular branch of the Legislature, that
the people Of that State were adverse to the
law; and considering it his duty, he should
conform to their sentiments, and vote for the
repeal of the Law.
Mr.. Walker declared his opposition to the
repeal and called up the resolution Yesterday
submitted by him instructing the committee on
the judiciary to report an amendment to .he
act to include corporations, which having bv
him been modified, at the suggestion of M
King, so as TO assume the form of INQUIRY into
the expedlency, was adopted.
Mr.. Evans, from the committee on Finance
reported the Treasury note bill from the House
with amendments.
! Mr.. Rives introduced bill to revive, the
Neutrality Law of 1898, which was twice read
and referred.
! HOUSE.-MrJ.R Ingersoll having presenteda
petition against the Bankrupt law moved its refsr
ence 10 the com. on the Judiciary with instrnc-
tions 10 inquire into the expediency Of reporting
bill to establish a uniform system of BankruptcY
in which the imperfectiuns of the Act Yesterday
repealed in the House NAV be corrected and us
deficiencies supplied. This resolution, under the
operation OF the previous question was afonted-
ayes SO, noes so.
Unsuccessful attempts were made 10 nfer scv-
eral other resoluIirns
| Without completing the call of the States fir
petitions, the House adjourned.
! Wednesday, January TO-
! SENATE.-The opinions here as TO the fate
OF the Bankrupt bill in the Senate are very dis
cordant; but the better opinions seem 10 be- that
The repeal will fail by tie vote, 25 10 25.
| Lord MoIpeth was in the Senate TO-DAY and
was introduced TO many Of tho members. He
was present willie Mr. Evans made his financial
speech.
The Treasury Mole bill was taken up and the
amendment for the issue Of new notes was agreed
10.
The amendment striking cut the provis0 liar
the amount of Treasury Notes which NAV be is
sued under authority If this ACT shall BE- deemed
and taken in lieu of so much of the loan author
zed by the act of 2lst Ju'y, was considered
Mr.. Evans made speech upon the coalition
Of the Treasury. showing in the first place, the
absolute necessity of striking out the proyI>o.
millinns Of Treasury Notes, but al least five mil
lions Of the loan which had not yet been taken.
He estimated the nett !Hcome of the Treasury
at twenty millions, seven Of whic'i must 20 10 re-
deeming Treasury notes, leaving thirteen mil
lions fn: tie supply Of the government. Tie ex-
mixtures vii lbe itlefst tw,n y-tl rec mill or,
leaving ten millions TO be supplied from aoaIr
source. The present debt was fourteen millions
and at the end OF he wear, 1t would be hut srv-
enteen-for seven millions of Treasury mites
would be redeemed If the revenue from tie land
were recalled, It would not meet the case-stli
there would be def it..
When Mr.. Evans concluded, Mr. Rucbang,
announced, in appropriate terms, the dearu OF
Mr. Dim lex member of the House, from Penn
'ylvania, and moved an adjournment, which was
agreed 10 unanimously.
H0USE.-Nn business was tran.acted in the
II use to-day
When the Journal was read, Mr. Bdlack. of
Pa, rose and announced tie death of his col
lea. Ut, Hon. David Dmcck, lr, who died at his
residence in Su>quehannah county, on the 18th
nNt.. and. as token OF respect for the memory
of the deceased, the House adjourned
7hursdGy January 20.
SENATE.-In the Senate 10 -day, fourteen
Senator's presented petitions in great numbers
against the repeal of the Bankrupt Law few
were presented for The repeal, or suggesting -
me1dmcnis
Mr.. BaYard expressed himself favorabl.. 10 in
gliding corporations within The provisions of the
law
Mr.. Preston said be had reconciled hlnseIf tn
the passage oil the law a, the Extra session op-
ing that the essential alteration would be made
IN 1t. He conceded that there were strong rea-
sons against lis repeal, by which the fond hopes
OF many would be blasted, but upon point Of
principle he .fet bound 10 rote fer The Repeal
The Treasury Note bill was t: en- taken up and
debated at some length and with interest. chiefly
IN reference 10 the amendment reported BY the
committee to strike out the proviso inserted by
the House, that the Treasury notes should be in
lieu of so much of The Twelve Million Loan.
The amendmnt Of the committee was adopted;
yeas "a, nays 81.
And the Senate adjourned.
HOUSE.-The speaker laid before the House
several Executive communications among which
was one from The President, in answer Ia rcso-
luton OF the House, giving information touching
the American citizens captured at Santa Fe aud
those exied al Van Dieman's Land.
Friday, Jan. 81, ls42.
SENATE. The following memorials and
petitions were presented and appropriately re-
ferrcd;
By Mr.. Phelps: One from New York. AMI
one from Vermont, both earnestly remonstra-
ting against the repeal or posiponcment Ofih"
bankrupt law.
Mr.. Phelps said that, in presenting these
memorials. he would stale that although his
constituents fell but little interest in the SUBJECT,
and would not be affected al all by II, the me-
MORALS presented from Vermont and the voice
of the State had been, 50 far, without solitary
exception. in favor oft law. Mr.. r said
he had not taken part in the debate, for the
reason that he occupied somewhat delicate