Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1842-12-31
VOLUME 2s. NUMBER 1s0,
TWENTY.SEyENTH CONGRESS.
REPEAL OF THE BANKRUPT ACT

,i'rsn OF REPRESENTATIVES,. Tedawiay Dee 2sfh.
Mr.. KENNEDY. OF Indiana. obtained the Zoo, and M,
seued 10 address the House speech which ecit A.
az much merrient had been called ON, nv III, AZ
var. Oushing, to which IL was in the main n renIx
lie said this bill for the repeal Of the banknp, Law, h.d
~ - confusion in the House. For himself
ne had voted against the law the time II n,.. 49,. -
cause ne was opposed wellregulatcd b,nLrun, - -
because ne did not consider this such: and be should
If d. o 's ePea because as he believed, large majority
s reopie mad decided against the law rs now s,.oi
lie would, first Of all, word or two unc, ,h -
was enueiy tree to say that his OF Mon that
naa done Its worst In the language of the 0en,len, e.,
Vermont over the way, had answered II. n,rs '
the purpose OF those who passed IT, viz 10 ep,bI. ,
OF men to wipe out the obligation Of their homes, drb,,
ne unle was now about expired when MI tbcse ~ -.
Ought to have received their discharges had GOT them d
the Tune was now coming when the honest men ouId .,
49, UNI tae Iaw however, was TO be repealed. Mr. K
should De against the repeal did he think that the law could
DC so modified to be made prospective onv In h.
non and to include banking corporations; but as he
held himself bound for the repeal SINCE Tho 49, as
the American Pc ople had said thar rep aed :, r,s,
Much Of the objection that agans, the law how
arose from the mode in which had been passed And
what was that Gentlemen excuse him If he snol
somewhat plainly that point His own on;n;on =, he
Tune had been that the bankrupt law had been n,.s. ;,,
view 70 Tue passage OF certain other law then deemed
very ucsiraoe oy those who pissed but he In heard
SINCE avowed by members OF this House (,ouph OF copre
not upon the foor) that the law was passed with vi. 81,
G 'e eecuSns IN New York and in Maine They were
10 oeheSe mat unless they passed bankrlpt law The
Wings would lose both those States and berrsors ,tv
passed II forthwith But the mofying hinr IN H.
"hoie sofy Wh- mat though Whiua
money they did get what they were after IA
augh and that, probably true reason for the vsrv
summary manner in which now 10 be done
upon the law The party had been routed in the New YoL
election horse foot, end dragoons and now down with The
law. " ""h WIN i'e
Ihis was te true history OF the NATTER he would say
mat the whole had been unhoy and dsmn,bl. Gov,
piracy against the interests of the Peono tn. I
Itself became odous, rst, account of haS /, con,,n.
aa, secoha on account Of what it did not contain
The law was retrospective; and far as il was
cd to reputation OF contracts by the application of Con
gressiona sponge And then the ought 10 have ncud
ed banks well as individuals On both the-e oronnd g.
odious TO the People they had doomed is repeal
and repealed il must be. Nre'
he debate upon the bill had been opened by long and
story about the defeats this law had occasioned 10
the Wings. Mr.. H. while listening had rs.I. fsi, ~.
sympafhes enlisted His heart was warm and tender and
he could war against the Wings to the knife ay and
tne Kne 10 the h while they Were before him IN The 6eld
yet when they with such tales a, be.e nd ,oJ ~
House how they had aboed like some poor we,ch.d
nre-he forgot his nsme-(a voice: Sisyphus ')-weI
was some fellow who had been toine aw.v IN nIl %
barrel OF stones up HILL and Just when he cot IL y, The
me feope met him and kicked both il and him N -
nc was almost ready to shed tears [laugher] Truly
me ngs mad rolled powerful weight of neasures
and right up the hill OF public opinion declared for the
quarter OF century. By immense labor and lonoconti
nued, they had length succeeded by one 81
10 get II to brow of the hill and therr ,bev w. - ~
eople ana Kicked down. barrel and all clean TO the bot
tom. [Laugher.l vac '''-
Inc gentleman from Massachusetts-and now he UNA
about to enter on what called the desutory part of
the debate or the Incidental the accidental s,d
'hat the wing party had been broken 10 atoms agans, a..
great CONSTITUTIONAL TACT" Shouts OF laughter The as
teman little mistaken: il was no, ag,;rs h 80
I'VE or ms veoes that the Wings had been broken 10 pieces
40, was not 'a' IT was in endeavorng roll up their
great heaNy cask OF against the steen hill F hl;
opinions they were kicked back and the cask rollins o
then broke their bones Mr.. h knowing that this and nor
iact was the of their discom
n'le eit tne less alarm than otherwise he might Al he
threats held out by the gentleman in case the Denocr, 80
attempt 10 Jump against the "fact." The baukun
law and the bank law and the distribution law and mo-
ne orcod
grand whole, and this before the people shoud b,y III
ue TO cool after the glory Of the victory of 1870 New
nose gentleman, who thought in their conscience that n,
M Were Tor the public good deserved great ere
dit for THAR zeal. Mr. X. Believed thing n he h, H.
went at 1t with all his might These great mistakes Law nor
III e zea, Dat IN pursuadng themselves thar IN. r.onI
were really In favor OF their measures In the las, ssi
the higs too, had played hide with The deo
Tracy; they mad put up candidates unknown politics: so
hatH Gould be said the country the, d..
were OF one opinion, and in another of ano,berr ht
au oank-for TAMIL and against a arifr-or dis
ad against distribution, according to the latitude
nus uIeS had conved TO rally of all opinions and
by banding all these egons together they had M lst h
Ken the hrm phalanx OF the democracy of the country RI,
a Io'io"eu1 when they ceased breaking down and I'm
To build up then they found themselves inst in h
NIX alluded to in this debate; then they found with rh
they were hghng and they bad been dashed TO pers. -
stitutonal fact" ~ against ue con-
MI n did not speak by authority IA laughl-he did No,
SPEAK ior MS whole partybut only one of about 6l
three thousand democrats, good and true in the Ho.;s
State. And he the only one who had n r;L, -, 80
them And he going TO say how, mucb n.
should Did; he should not bid all until he knew whether
e proposals We're to be sealed open. Loud laughter
II the bids be paper he was off: no should ~
very careful how he put any thing on psperit was one S
ule worst Things IN the word-it might be bronob, in
"sIs' ainah afterwards, and that awkward RE
he"ed merrimentl Thus far, however he voud 90. H.
was Tor no political alliances nor did he fear any ,bvs
rom any quarter He endeavored TO set before him rcb,
70 guide his course and then to follow them cad
where they might Just far as the Erccr,;,o - -
Executive would carry these principles tina, ~, H. -
ready 10 sustain him, and not inch further
And' ~ to the matter OF Offices which il was sp,nod
oeeh oneIed under disguise by the gentleman from
massachusetts, he and his people entirely above oc
"A laugh And more especially were they, above ,;
any from those in whom they had not entire confidence
~ democrat asked hun, Cant you your inAuenc.
mere 70 get me office ?" his answer was nyar;,bI 60. .
And asked Why his reply was ''Hecause do No, ,;L
would be night for you hold an Office under This Al
miSuaton' nor would Il under the late Administrator
elmer" And why did he think this Becapse he blJ
that John Tyler had perfect reht-nav M. H. 49,.
was his bounden duty put into office sucb gentlemen
only as would give him fair, candid and liberal .nno,
vi suSh could be iound) Laughterj Mr. r. should no,
care on ts ground hs removed and nut Others in
tneir place. He never had complained of President Har
rlson Tor doing this he thought was right and hi ,
70 40 u nat sort OF policy have enemies in vonr
camp Men ON the woich undermine Ill your plans or
TO 0etray them What this but suicide 7, ,,.s -,
ne should demand Of nobody lie believed that NJ IT,
Ter ana ms Trends ought TO have their own political friends
IA the public Offices, provided agays thai tbsv 80. -
Bile and faithful. So far them as off CO. vs.rc .,.S
the PRESIDENT had in his gift that he or tbos yvh
th"ught and acted wh him, would either ask or receive
ana hen as to the threat Of the yeos being used ut sub
sqeh Stage IN the progress Of matters he understood the
gentleman a. meaning about this: "You Whigs possed =
certain bl through CongresEc Executive vetoed IL ana
your resistance TO him and his has DESTROYED Won
mere VIII DC majority Of Democrat in the next Conprs
and you gentlemen Democrats shall adhere N vo5r "a
nouons Of sub Treasury, and shall refuse 10 take IN, g.
ehequer project (Which, Mr. X remarked in parenbess
was the very thing the sub fessirv and In c.
inf, e1thT In