The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-15


iionsin great numbers, fearing that their time may
be short
Thus far these documents surpass in richness anc
philosophy all the novels of the day, not exceptin!
even Boz and Puiier Hopkins. Some cases presen
very extraordinary, curious, and peculiar features
as may be seen in the specimens we have aread.
published. Other cases are less so. Nearly two
thousand cases have been entered in this district
the United States Court. in which the aggregate o
liabilities must be somewhere in the neighborhoot
of 500, 0O0 900; and the entire assets OF the whole
probably do not exceed 100000. That there ha
been n vast amount of Encouragement, in some
way, perpetrated inmany of the cases, no one cal
doubt on reading over the schedules.
In several cases, for example, we find such state
ments as the following -
left home with $4,000 in my pocket with the inten
ton OF paying it over to my creditors Bat arriving
my office, the money which had placed in my poe ket
book, vas not to be found The pooketbook in all pro
liability had been stolen. What became of the money
have never known to this day."
Many, however, will take advantage of any anc
all laws. 1t would be strange if the bankrupt law
were an exception. II is operating we'll. II relieves
many honest men who have really been unfortu
nate, and sets them their legs again. 1t will also
make people cautious how thew give credit espe
cally TO those who have ruined themselves by thel
extravaganza, folly and speculations
From Washington the news is thus far uncertain
as to the repeal of the Bankrupt law. Even if Con
gress should repeal the law-of which there is now
probability, the President, who recommended the
law, may interpose his veto. At present, only
two parties enjoy any benefit from the law
the bankrupts, and the newspapers in which
the cases are advertised. The " Courier and En-.
qalrer" alone, has probably already received some
$4,000. We should think the principal editor OF
that paper, who was among the first to take the
beneh OF the act, would see the proprety of appro
prlatlng at least portion of these fees to the pay
ment of his honest debts
Efforts have been made, we understand to
prevent our publishing these cases in bank
ruptcy We know not what the Judge wi II
decide. We have but one object in publishing
them, which is to show the people the principles on
which both public and private business has been
transacted for years past, and also TO show the
operation OF the bankrupt law. If his Honor
Judge Belts, shall decide that no further pub
llcanon can be allowed, then of course we
have nothing to say. 1t would seem to us, how
ever that the public have right TO know the mode
and manner in which debts are contracted The
public have interests at stake in this matter Shall
men be permitted, without exposure, to go round,
from butcher to butcher, from grocer to grocer, and
In short, from one to another, among all the occu-
patrons and professions of society," exhausting their
credit flrs with this one and then with that, until
there Is none of it left to buy even pound of meat
or an ounce of tea-until finally, they wind all up
In Court OF Bankruptcy! Is it not right that IN
solvents, who know themselves to be SUCH and vet
contract debts which they know they cannot pay,
should be exposed to the honest portion of society
This is great question, not only in law, but in
moral principle, in which the whole community
have an interest, and we shall apply to Judge Belts
this morning for his decision the matter In the
meantime, we stop the publication of further cases
IN bankruptcy till His Honor shall have time TO de-
eide on its moral influence, propriety and legality.
In the meantime, we give The annexed, as sample
OF many communications we have received:-
10 JAS. GORDON BENNETT, ESQ
Sir
The honest, hard working, and industrious nor
ION OF this community, cannot help EXPIRE ssing their
ceilings to you, tor the plain, honorable and fear
eSs stand you nave taken In giving expose OF the
schedules and situation of some of our formerly con-
ldered milhOnaires- who have heretofore
ooked down with perpendicular contempt on the
very individuals they were plundering. Be assured
SIR, you are considered public benefactor. Hold
on the even tenor OF your way. 1t is contemplated
and the time is not far distant when general pub.
way gratifying to yourself, and speaking in tone
rumpet tongued, that cannot and will not be misun.
lerstood.
This communication is sent you in consequences
II a primary meeting, OF which you will hear more.
ANON.
The PENNY PREss.-We have invariably foretold
he ultimate humiliation of the penny newspapers,
md the evidences of the accuracy of our predictions
ire every week becoming more numerous and in
eligible ANY one who doubts the truth OF our
opinion, has only to take up the Sum- and glance
It the melancholy aspect of its advertising columns
he falling oil in the number of its advertisements
remarkably evident. Day after day coamn after
column OF matter marches into the space in former
prosperous times occupied by advertisements The
circulation OF the Sun" is also falling Off tremen-
'ous'y' Yesterday boy purchased five hundred
copies OF the " Sun" at twenty cents per hundred,
o De used as waste paper. The " Chronicle" has
lurt the " Sun" very much. The great error in the
rganzatlon OF the penny press is that the adverti-
er is charged toe much, and the subscribers too lit
le 1t is manifesty unjust that the advertiser should
re obliged to pay for the subscriber Cheap litera-
ure is very good in its way but il is unreasonable
o TAX The advertising portion of the community for
'ssupport. But the necessary consequence of this
ystem is, that the advertiser seeks cheaper and
more equitable medium of communication with the
uoiic, and the penny paper is exploded at once
III sun mas some time since reached its culmi-
aling point and 1t only obeys the necessary laws of
Is existence In quietly sinking to hopeless decline.
lHE VAss RESOLUTIONS IN THE YOUNG MEMS
friends Slam, Bang IL CO., who
re determined to eat up General Cass, charges us
With fasehood, &c. in reference to the recent ac
ion OF that body. The following is copy of the
esoutons -
Whereas, our distinguished fellow.ctzen, General
Evils CASS, has returned from his mission to France
atihcaton Of treaty between the five great powers of
nope having for its object the establishment of the