The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-29
BY THE SOUTHERN MAIL.
Washington.
lcorrcsondenee Of the Hcrald.l

peal Of the Bankrupt Law-Nlr. Arnold's
and Mr.. Cushing's Speeches.
| There was nothing done in the Senate to-day,
and only one or two speeches made in the Hous,
on the Bankrupt Bill.
In the SENATE, a petition was presented from
Urlah Brown, of Illinois, claiming to be the orig
nal inventor OF Colts Submarine Battery for blow
ing up vessels. great many petitions were pre-
sented from New York and Pennsylvania, against
the repeal of the Bankrupt Law. A petition was
presented from Illinois, praying that Government
would take possession of the Oregon Territory.
Mr. Bayard's resolution about a corps OF reporters
was again laid over-I suppose, for the session. The
resolution to remit General Jackson's fine, was re-
] ferred TO the judiciary committee by vote of %
to ~; five or six lodged the question. Mr. Wright's
bill, amendatory 10 the several acts establishing the
| Treasury Department, was made the special order
| of the day for Tuesday next when the Senate went
| into executive session.
In the House, the morning hour was devoted TO
| receiving petitions, resolutions, reports, &C. Col
John Campbell, of South Carolina, Offered a resolu
| ton asking leave to introduce bill Tomorrow
| "wednesday to suspend the operation of the I'd
| section OF the Apportionment Bill (the Compression
al district feature) until the 10Th Congress, because
| Georgia and Missouri having elected their mem
bers bv general ticket, it is feared that unless this
be done there will be another New jersey scene in
! the House. The resolution was adopted. Mr.
| Wise presented resolutions from the legislature of
Virginia calling on Congress to refund Gen. Jack
| sons fine. Mr.. Wise was about to advocate them.
| when he was called to order and took his seat
THE BANKRUPT LAW.
one O'Clock having arrived, the Speaker said it
was now IN order to proceed with the consideration
OF the bill tor the repeal of the Bankrupt Law. The
questions before the House were on the motion of
the gentleman from Kentucky to strike out volun.
tary applicants for bankruptcy and include corpora
amendment of Mr. Cave Johnson that the Judiciary
Committee take the Bill and report Bill to the
House tomorrow for the unconditional repeal of the
Bankrupt Law,
Mr.. SALroNsrA1 had the floor He followed Mr..
Arnold who was the last speaker on the questions,
but as both were in favor OF the Bankrupt Bill as
stands, and as Mr.. Saonstal went over great deal
Of the old ground, whilst Mr.. Arnold struck new
and original track prefer giving the speech of the
latter, which | know will! be read with delight by
your readers. as it was heard by the House. The
more so as Mr. Gushing who closed the debate to-
day, replied in part TO Arnold.
To those who have never heard Mr. Arnold, of
Tennessee, "a very worthy man by.,he-bye,) It is
impossible to convey any idea of his singular and in
teresting manner. He STAT and ford, has harsh,
shrlll voice, which frequently rises or runs noa
shrek, and the stranger s compelled to think that
after getting into passion with every body else. he
has at last got into passion with and is quareng
with himself, and pronounces 'there" as thar
MIR. ARNOLD rose IN the centre of the House,
this occasion, directly opposite the Speaker, and
shouted in shril| tone 'Mister Speak thar"
SrEAkER.-The gentleman from Tennessee.
Mr.. ARNoLD-What strange sp 'ctacle, sir does
this House present, sir. daughter and cry OF
Snow we shall have screamer from Arnold."-
Snow you'll hear fun.') Yes, sir, what spectacle
do the dimecrats present, sir what a spectacle do
the whig party present. sir; yes, sir, what specta-
Gle do they both present, sir. Here is the wing
party sir, about to repeal, sir, in hot haste sir,-I
might almost say, indecent haste, sir, law which
they themselves passed, sir Then thar is the dime
Gratis they call themselves the special friends
OF the poorsr; yes, OF the poor, Sir tsarc lily and
they are calling out to repeal the law, sir, tor the
benefit of the poor debtor, sir as they saw laying
peculiar emphasis on the word "poor."] Voluntary
bank rupcy,. Mr.. Speaker, is particularly odious
to these friends OF the poor debtor, sir, these
SsofoGo d%dmeeras because ,S, SIR it relieves
sir, from being trodden into the dust, sir
and kept thar, sir, by them that's got thar foot
thar neck Oaughter) And this, Mr.. Speakhar
thus Is the tune OF thar modern dimmocracy, sir
Laugter] Yes, sir. and OF sub tranyan dimmo
cracy, sir, at that; [great aughterl for it appears
SIR, that medern dlmmocracy has got new divisions
SIR, and now, SIR, Its gone under ground, sir; lis
sub-trainyen. LRoars of laushterl l. sir, belong,
sir, TO no party, SIR tGreat laughterl TO party
sir, except, sir so far sir, party does right, sir
so far as they does right, sir. Uaughter) / am
sorry, Mr. Speakhar yes, sorry, sir, that the wing
party, sir, which was so noble, SO generous gene
thought, sir, should have SO soon been weary in
well-doing, sir. (Laughter.1 And as soon as the
one-man power, sir at the other end of the avenue
was sot up agn 'em that they should grow tired of
the tight, sir, and give II up, sir lLaughter.] And
that now, sir they should 60 uadoing all the good
they done, sir. supposed, sir, that they'd left
that for thar enemies, sir. Uaughter) 1t is very
well known, Mr.. Speaker that the locofocos. sir.
will have large majority, sir in the next CONGRESS,
SIR lLaughterl | am glad il Is so, sir [Great
laughter.l Yes, sir. Pm glad it is so, sir. icon
hnued laughter Let modern dImmecracy and
John Tyler rule, sir, this country sir, for the next
| two years. This said in almost a scream,
| amid great lsushter.l But it distresses me, SIR
| [Cries of "Oh" and laughter] Yes, sir, it
disfresses me, sir, to the whig party, sir, in
such not and such indecent haste to undo
thar work. sir, and doom this, sir, the last and the
very best measure they passed, sir, at the extra
sion slr-to doom this, sir 10 destruction This is
since, sir, that Congress passed. sir and il
they had gin it ve years. trial, it would ha' made
this country. sir,prosperous and happy, sir Laugh
ter and cries Of oh from the locofocos The
| sir they have incurred all the odium oil passing
this law, sir the storms of party malice have done
their worst, sir. There is party, sir-the ocoioco
party sir, by the aid of the man-he trator-at the
other end OF the avenue, sir, who has succeeded in
defeating most of the laws sir, passed by the wing
party, sir and now the wing party themselves, sir
are helping this modern democracy, sir, to destroy
the last and best law they've got left, sir Laugh
teri The odious feature, sir, in the opposition to
this law, sir, comes from the avarcious, sir, the
graspng creditors, sir with thar love tor gold sir
it hardens thar heart, sir, that when they've
| got man down. they want to put thar foot upon his
neck and thar keepit Laughter That's the odious
feeling, Mr. Speakhar, This unfee cling creditor class,
sir, with thar everlasting love of gold sir, is one
class, sir, that's opposed to this law, sir then thar
are the debtors of doubtful credit, sir who clamor
| agn this law, sir, to make their neighbors think
| they're better off than they are, sir, and so get
more credit, sir. tGreat aughter.] This is another
class, sir. Then hars the locofoco party, sir, who
goes only for political ends, sir. All these, sir, have
combined TO stgmatze The wing party, sir, as the au
hors of this aw sir And sir. when we've endur-
ed all this, sr-al this, sir--when the law has done
us all the harm it possibly do as party, sir,
this very whig party, sir, in their wisdom, going
| to repeal it Laughter from the locos Because
tn. rascaly debtors who can't get any more credit,
and the rascalIy creditors, camnr against it-fel.
| lows who sell their rotten calicoes, Laughter,