Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-07-19
TIL. VACATION LAW.

T.
Since last aeeA proofs have multiplied that a
strong effort IS q b. made IN tie Legislature mex,
winter to rcqea tie lass paced at tie last session
providing that property under execution shall not
be sold unless two i..rds of ~ appraised value.
The question Is IN agitation IN all quarters Of the
stale. and though 5u, fe~ boldly cout-nd for repeal
MISREPRESENTATION 10 Lrrg i about is 10, tie less
rgd on that account. communication OH the
suhjec, appears the Rsctmcnd Je.Iersonian, las,
received by one friendly to tic law. called out by
the fact that Of tie representatives, from that
county opposed AID voted aea.nst ,hc law last WIN
ter aud would probably for repeal this WIN
ter If elected. The writer among other things
says
The act Of last session, suMecling real and per-
sonsl property - execution, commonly called the
aPPra semenf Or valuation law, has III my opinion
been OF Incalcglaple advan gc 10 the people OF tins
STATE L. fni-rr-tae Shyloc and the Banker
may view t-.is act a an unconstitutional grasp OF
power ndcfing the collection OF debts impractical
be but 20 the honest debtor Il owes security and
confidence. IL says the hearilcss creditor, that
he must give reasonable price Tor the goods and
'hattels 81 The debtor give hini longer time. II
says that IL not necessary rum thr debtors N
tins State. TO take from them what they have ac-
quired by ye r. 81 steady application, leaving their
families destitute fit subjects Tor the poor houses,
hen Pre-. criy must bring two thirds OF ITS ap-
praised value now the law, none but homes;
men will attend public sales but. repeal this law
and let property be sod to tie highest Oder. re-
gardless 81 Is value. aud You y u see iew men,
Who " III the country attending Sheriff and
Constable sa'es and become purchasers Of property
at price that would barely pay costs"
In the Wabash Express of The Eth inst, we find
addresses to the people from Of the candidates
Tor the Assembly, both wings. Oae OF them, late
Sheriff Of the County says-
IL am decided friend Of the apprascment law,
it exists and VIII vote and labor to preserve 1t,
sosE OTHER Plan j.. ereH more CiroraJfe to ne
DEBTOR, It such better plan can be carried"
Ia relation to tha same law the other says
lin reglr' to the present valaniion law. will
say that. unless s9me ie9er reict caA be oDered,
l Will 90 decidedly TO sustain It."
This in bs,h cases seems to be a conditional sup
port. They bath speak Of s,mettias better to be
obtained in place OF the vauation law. We know
that last winter Of the opponents of the valu-
alton law, proposed instead Of 1t, stay lac OF two
years even, more advantageous TO creditors, be-
cause under the provisions OF stay law, debtors
would be compelled to give security for full payment
at the expiration of the stay. Whether the gentle
men quoted above would consider this the some
hmg batter Of winch they speak. unable tc
say.
In the Federal paper at Evansville, we observe a
series 81 questions, purporting TO come from twenty
OF thirty persons and addressed 10 one of the can
d:dates for tie Assembly. The third query is az
follows -
Are YOU in favor Of the Property Law passed al
the last session of the Legislature"
The answer We have not seen, but the question
tscif proves that tie matter is deemed of impor
lance by those making enquiry, and Of enough toe
seriously affect the prospects OF the candidate
meeting. it Will be recoected, held at Evans
Vile last winter while the Valuation law was on
the taps. the object Of which was to prevent its
enactment.
in addition to all this. understand that Mr..
BR,pLry, Of Laportc, while here in attendance up
on Court. declared in positive terms, that the wings
would 90 in next winter for the repeal of the valu-
a,ion law. Few are more deeply initiated into the
secrets Of the wing party than tins same gentleman,
who. If the Wings should happen to obtain MAJOR
it's in the House viii probably be their candid a'e
f,r SPEAKER and therefore, when he declares that
the wings Will cndeavor to repeal the valuation law
we may set it down fact beyond d'spute' that
they Will Go 50.
II only rcma then fer the people themselves To
approve Of or To the valuation law as their o"
better judgement shall dictate. We have perform
ed our duty when we have warned them that thus
- one of the great questions be decided upon the
first Monday in August and that 1t Is question
second in Importance other which can arise, &C
immediately affecting their personal interests
Al IF he IN. D.