The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-19

usughter) and II ia very appropriate expression 1ut
the creditor generally finds his hands full enough Of su
ing his debtors, without desiring to be sued by his DEBT
ors Then, again. as TO the consent Of the creditors NO
such is required To he the creditor may
go TO Jury-but on what Not the question whe'
Their the debt was Improperly centraced-whether the
person as a gambler or a reckless spendthr whe
ther there fraud in his operations under this Bank
fupt Law. Such Bankrupt Law il equally stranger
in England as in this country may be constitution
law in contemplation by the constitution These
three fundamental particulars then. wholly omitted
in this law, and without which Bankrupt Law shonld
ever be permitted to come into existence Cloud and
continued cheering) In all these resolutions which
have been read and adopted DO most -, heartily
coincide with single exceptionI aude to the retros-
pectve clause II these checks were nterposed con-
ceivs il would be in the power of Congress to make
law retrospective in its operations. The act would
then be as conceive ought to be- an amnesty to the
unfortunate and honest debtoras any other fault the
debt would be forgiven gentlemen,
unless you succeed in the present movement you may
bid adieu to any hope Of any proper Bankrupt ACT after
to amend for you will have lost the support that I'M
mense class which has obtained the passage OF the act
not amended. these debts will be wiped out with
sponge and in three years this law will be repealed like
its predecessor by The unanimous consent Of Congress
(Applsuse That will be the history the operation
is which, from the history of England and this
country, appears to be essential to high Development
Of csmmercai enterprise But il touches the rights OF
property-rghts in which every man, rich and poor,
capitalist and laborer equally interested touches
the very ark prosperity and you may al iecoi;
mpious hand the ark Of the LORD! (Long continued
| applause)
ELIJAH MANN. Esq, was then introduced to the
meeting, and spoke as folows:-
Mr. Chairman and Gentlemen-Called as have been
within the last half hour address this vast meetng
suredly be dsappoiated-that should enter at large
on this discussion. A few general considerations
moment, are all which / can at present Ioffer.
Gentlemen you assembled here let me inquire, in
derogaton of the rights of fellow men, who have
been unfortunate7 Are assembled let me ask each
one OF for the purpose OF adding misery 10 he al
ready accumulated misery which has befallen within
zen.i No. You are assembled to protect those rights
which the God of Nature and the law of the country in
alone Shall be- said that the New York merchant as
body Of men, have been ilt eral and nngenerons
to the and those who have tasted Of the bit
knowledge Of this sutject-coning from remote dis.
Tict Of your stste-dentiGed with the numerous class
can testify to the contrary, and l know that the
good feeling and experience Of every man pre-.
plause whs V thsn your osjecta Il i. The due pro
lection OF protection OF those rights which
you have toilod and labored to secure. From what1
From the dread apprehension that they may be swept
away by the operation Of unjust law, which ought
not to exist (Great applause) Gentlemen, will it be
supposed for moment by any reasonable man, that
opposed to Bankrupt Law, that you are opposed to
Bankrupt Law7 1t may bslyou fortune 1t has been
do ask Sa that
tain principles which are unjustto yoursevesto your
chldren-to your ndrstry-to the morals Of the com.
onjv Oh tho ;hot RanLrmn, az, shonid he rossed IN
accordance with the spr, of the constitution which
work and that r. shouN nytact xmr ri~hs wbiis, Il
extends the olive Of mercy to the unfortunate cloud
This law the reneai or susnens;nn of which van aow
demand excerpts from its operation particular class,
inciuded in TT oraa ~ corrora,;nns 1heers xeo;n
the law ia sad to he nnconstmtonai ana in aeSance 81
that sacred which the ground work ofour
The ceIehra,ed A,r,,r, M.er.,s Eso attb;s
1. 80 u -: $500 - iN"L.'s, ~. ~ ms
!iionenl lIaue niS aPpearahce On the p.auoim, al
urea III sPienoio dresS suit OF WIN gut spurs
one arm IN sling, and under the other large vo-
lume bound IN vellum. he smiled and bowed 70
the Vice President, and began an interesting con-
vsrsation with the Chairman, which Tor few mo-
menfs nrevented us from folJow;no Mr. Mann Mr.
Maoerfs howsvar af,ar ann"nnc;nn he ;n,an,;on
IS 81 J,; ~. :, az. "'a.'nS Ia. intehio
OF ADDRESSING the meeting, accepted a char, and
assumed dignifed silence, when we heard the
SPEAKER proceeding as folows:-
IT'S said by some to be an er post Jaefo law Now,
whether II De SO or not Is not necessary Tor me at
sent 10 inquire All would say 49, that 1t IS an ca post
tssto law in the eye ofthe common sense OF mankind
view, we ieei snd know what 1t Is We need no ex
posor 70 tell us that is law 10 discharge the con-
we entered INTO that contract ceres oil good good!
ana cheers) But there are some mere perhaps whos
would ask me %hether am IN favor OF Bankrupt Law
answer that only declare voice OF the common sense
OF mankind when say that am IN svor OF bankrupt
Law. lLond cheers,l ! would wind up the AFFAIRS OF
that class Of ought never to have ex
ste1 or should at least obgauons
and been honest loud applsuse) Bankrupt Law
combines both voluntary end involuntary principles
would have such law as should discharge every I'M
fortunate debtor who should pay certain per centage
on the amount OF his debts TO DC hxed by the common
sense ana dscretion Oh fellow mem would go farther
would have every unfortunate debtor discharged
Qoud usel-rrovided, nevertheless, let me be I'M
dersood that It should be So, after they had So con-
Quoted their affairs that majority OF their creditors
could come forward and assent to their discharge Com
pare win that the law you seek 10 repeal What does
require IL requires the debtor only to present
schedule OF ms debts swear that he is bankrupt and
neh ne is Glscnarsea tCries OF no - no :! and con.
fusion Gentlemen that is substantially the provisions
Oh this law Inc DEBTOR may, irdeed DE called on 10
give explanations oy the creator the latter can aferd
10 ABANDON MS business or the time 10 prosecute the
matter before Jury. But the substance OF the law,
and speak IN the OF persons who can correct
me IN homent-n that the deoor is only TO present
schedue oil his assets and debs and then take the dis
charge complying with the other conditions (Cheers)
ueniemen, advorate NOT the ola docuine-l advocate
only the rights OF honest and air and generous and H.