Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-07-21


Tie Lar = HanL5eJtcy. rep.diaiie,i IN disqssc-.f
st2-f't'on f'F ~ fePp8 by Tic prescott CONGRESS
Nassrs Eiiors-M Nj ch has heeu saal and written
u late, upon the SUBJECT o Bankruptcy. 81 much thai II
would be fealmpli,oin PLAIN man like u,seftoofl6r
any tihan in tie form oan elaborate a. uhenf urn
question t4a has been discussed ~ tie inst ri tie
country. ih1re Is ole view otll however winch has
po,n but ltiaIe enlarged upon eleliy le,e TIM w.
necessary IL illustrate is practical u edsrncy.
lhef5 afe some laws ot such tendency thai
efea able han may disagree. IL 9ne me as 10 der
caalaetor b,re are oilers. tie results and em,lei,s
d Winch s. saen Ieeene allar'4, fat sum epiral
aal i1tf hlA le formed 81 diem. Oh tie latter et4s IS
N ny haseir Jul ment. the Gen,ral BANKRUPT Law
passed III the l.Ara Stsslon ii Il "a law nhich Is
dong as lapeh al tbs moment, II favour fraud and un
deftaHe IaIe yifiae any otl,ef oar statute 6u
enlef u tbs Condemnation # the Act, troa any
political prejudice against II, against the authors ot
IN tts contrary. every political pulse that beats within
lp Is i'll taspr oil the " he calse and of VI he prne
Plst. would say that Il am every inch Wing Il
hat expression had not, o ate beon perverted ln its
true meaning, and become another name for treachcy-
These feelings, however have not blinded me 10 the er
rms Into " Inch the advocates OF this law have fallen in
taking ior an enlghieued public opinion the cries olis
tess they heard coming from large and cities
never VIII believe that minority Of those who have
eiargeSi lneresi lalsqueson have been properly rep
resented III lis decision. so far n it, there has itfna
4efy general condemnation 81 it rm the first and that
fePH2hanee Is increasing every day rs lis practical le
'ua are seen indeed, b,ef runs through almost every
','io" al ite la" toelasIFe fFldeiFe, 10 my mind,
matt vas Designed 10 operate caey1i not exclusive y.
III con- laei communities such as eur cites. aud that lie
et9ei'i illlsse 81 Inc country al lage have bern sae
rod 10 sectional advantage.
Nelta't are my strong at9ectlols msed upon any los
a'N' l1sssHl III Pr 9,,tuNe' liai may sustain ~ lis
lissa2e. - la is know tiele Is scarcely human
ol i'sa ,lheIA 10 ~ Affected y IT, III PefHnafY l"ln
oi view. IL isaiiliy as private Individual. anxious
ihal TIE lIdIs 81 fhhilc mh and Public f9e should
re strengthened rather lail iorn down, nat outer
my protest aSah lis longer continuance on the statute
BOOK.
ii'agi enielng INTO any Ting Ike efpfa ezami
nation 81 every part oi tie law specify those features
"heh are most liable 10 aIusf and Which We IN Tho
country see abused 10 large extent. To begin will
The beginning: Section Isl reads thus: "Al persons
Whatsoever, ding III any STATE District. Territory
81 the Lifted States, owing debts, which shall mol have
b',n created III Consequence Of deiacallun as public
neer, or as executor, administrator guardian N trustee,
or n1de acting in any olier iueiary capacity, Who
shall ly petition. setting t#th, 10 the best Of lis KIM"
lrdge and hslIei, Is; Of his or thor creditors.
their respective places OF residence, and the
mount due toeaeh. together with an accurate la'on=
tory of his OF heir property, rights, and cred
liz Of every name. kind aud description, aud the oca
ton and situation every parcel and portion Thereof,
verified ly OATH or if eonsrientiousy scrupnous Of Ia
king oath by solemn affirmation, apply 10 tie efaT
Court, hereinafter mentioned. ior the benefit OF tbs