Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-02-03

Bankrupt Law - - ~
H,ssrd Ia favor d FePesl, by MI.
ckeSie ii deisacs Of the Law. llee Goa,
! slu.Ic6 81 Wbbse SpeeehNis Isprssen.so
/. strptlsinsjy eloquent and oeauuissl
AID 81 Sir: Bcnton for repesi.
FnlpAr. Jan.
N..ISSsas me moriol5 gon The subject Of.
~ '1srSrnbi Law we're presented, and.
en5sr :bai; several b Dir. Clay ssainsi'
IN. CIV took ocession 10 express biz
v;eas ID Brief terms 10 regard to the
Bankrupt qussIOn. and the manner 70
which i lad beeaN passed upon At the En-
ia Session 81 CongfesI. The Bankrupt
Laa vas one Of . seFies Of Hessures,.
Eseal snd important 10 tlEseesi0ns Of The
country, but haying didefeni degree Of
imporlsBee 10 each.
il Kentucky. Mr.. Clay said. q hank
fppl Law was not popular. hathe n'oeh
niisio5k he feeling. pride and patriotism
81 h,s constituents, II, when they proper
uuderstocd the origin Of ihismsasuTe,
they would adyoeais lie REJECTION BY
Congress II 1ss one Of The besulifpls
natural and aecessary fesi1res Of cur ccn-
4tltufion ihsl IL vas designed sor The
common good sud al classes of persons.
III was. msde5ap Sof mutual concession. =
And why had Tie States surrendered int
diridnal Interest," Ror shat ts4snp- bR ~
ialefeSls q Eone Stale were mol slsays
the interests Of another,
Mr. Clay said 10 pass pniform laws up
I m The subject 81 Bsnkfuftcy rested alone
with The General Government, Cont
gfess was bound 10 exercise slhe power Of
% suIfendeI>fl back 10 lbS STATES q
should unile .helr hands and leave Them
ms free 10 acl ss they would have been i
this power had not been surrendered.
Ne Clay said. TOO. that The Bankrupt
Dill was but ope. Of series OF measures
adopted 81 The Extra Session Of Congress.
The States pf New York, Maine and
Michigan needed this Bib. h was abso-
. luiely necessary Tor them and others --
Noiso feg. KeRiucky bul Kentucky re-
membeTel that her favori,s measures, q
Bank ar the United States and Land
Bill were f4yoFAbly passed npoD BY clon-
grsss. ~
The I.oaafBill was passedfor lhe gene
gsi good OF The Government. II was but
\ tight and proper that all interests Of The
N Country should be regarded, and this
had been done Of lhe extta session Of
Congress ia The adoption 81 that's splendid
system, Of measures which3would make
the Extra Session memorable 10 al lime
10 come or The Bill ilseif Mr. Clay
frankly avowed himself friend Twsn.
~ years ago he had contended in the
lFeuse of Representatives, that Bark
: rdpt Bill should either be passed or the
power 10 establish such law surrender
cd 20 The States.
There were .nofeasons fot adeptingtl HE
Law ia 1921 WHICH were not two fold
stronger now. The Goyerngicnt was more
disiressed then Than i was sand the fu-
.1ltnre Afforded 30 hope Of immediate re-.
lief. Il was mol true either as had been
alleged that lbesBankrupt Bill afforded no
relief or protection 10 creditors. Such
was moi he feet; they were protected as
TO be who were rot anxious 10 have the
soul of bis creditor but tie souls Of his
wife pnd those Of his.familg.
The conclusion Of Mr.. Clay's few re-
.mafks were. most impressive. He said
bio could not vote Tor the repeal Of this
I Law il The Senate could. ] have not.
raid be. The heart 10 do il, NOR have the
hand to Do il. ~ cannot do il. Twill not
ldo-ii.
The Senate then Proceeded to.the con.
tideraiion Of The orders Of the day, Being
the Bill ron the House Of Represents:
lives 10 repeal the Bankrupt Law. Mr..
:. Benton was enlilled 10 The floor ia con-
7tinuaiion OF his speech begun yesterday:
Mr. 3. opposed the Law with The great
est yehemence, and eeniendSd mainly 10
prove the position be laid down., thai;h
Law was neither useful nor moral.
AIR. b argued 1t considerable length,
10 show that The Bill was unconsiitniion-,
4 Al, and Tor theTpurpose Of proving tina.
State Laws were sufficient for all purpo-
ses.
Mr.. Benton concluded IL bali past Two
o'clock, when Mr.. Williams, OF Maine,
said word or two in referenfe 10 thesae-
ton of Bis Legislature 10 bis own case,
and registered his vote IS friendly 10 the
Bankrupt Law.
When he closed. The vote va, called
for Oh oh sides. t
Mr.. Clny called for The yeas and nays,
which being ordered, the result was as
follows: /
YEAs-Mess Allen, Archer, BayaTd, Ben
ton, Buchanan. ealhounss Fulton, Graham,
King. Linn, sieFober,s. MoreAead. Pierce, Prem
IS. Rlyes. Sesisr. Smith, os Coon. Surgeon,
Tapnan. woodbury., Wight and Ypupg-25.
Mars = Messrs. Barrow. Ba.esD BetFie1,
CAoate, Clayof Kgs, Clayton, Evans. Hender-
son, FIpnsingion; Kerr, Maaenm. MesticE. Mil
ler, Plelps. Porter. Simmons, Smith &c lad,
Souskafd, TallmAdee. Walker, vi bite, Williams
and WorsbFidRe-
AID so THE SENATE REFUSED TO
9REPEAL THE BANKRuPrLAW,
4 The vote being announced The Senate
adjourned until Monday. s.i:
TheSeaa,s did noisit on Saturday.
The National Ih,eIligencer Of thas day says
Before The question was taken il the
Senatslyeslerdsy On The Bankrupt repeal
bill Mi Ci.AT made speech against il.
which did as much honor 10 bis feelings
IS tie previous speech Of SIR. BERRIEn
On The Same side did eredi, 10 bis abilities. |
Il On the vote upon the proposed repeal. |
She absentees we're Mr Bsgby and Mr.
Dixon, sthe one for and lie other apsinst
the BILL unable % attend the Senate by |
! reason Of severe indisposiiion; Mr.. Mo1- |
Ton and Dir. Preston also of opposite sides. |
paired Oft; MR. Lathhest,, for the bill. who |