New-York tribune., 1842-01-04


have 10nd, arrangements which we trust will en-
sre W. It's carly reception; but there ere 80 many
independpnt routes that may be anticipated,
lhuugh ~e hope not,
gEa We ak the utten,ion Of The friends Of
American Industry to the proceedings and ReP"ri
Of tie PAPER MANUFACTURERS at their recent
oar Frs, PAGE. The facts and considerations
therein embodied, though referring primarily to
The Paper business, are by means exclusive IN
lI.eir application, but have important bearing
non 10 Anelcun Industry, Skill and Enterprise.
Let them TIE universally and calmly considered.
stund by The Gnu of Humanity!
lhe.efi,rl now making effect the Repeal OF
,iie Grnefu! Bankrupt Law is worthy of the age
OF torture for evidence and burning for witchcI ait
1t must DC abhorrent TO the Spirit of the Nine
lecGth Century. There are in this Country pro-
badly One Hundred Thousand Citizens who, by
The reyerscs OF the last FIVE years and their own
misculcuations, have been Involved hopelessly in
debt, in amounts varying from thousands OF dollars
to hundreds of thousands. Pay they cannot, for
they cannot be permitted to earn. If they take Il
store or hire u farm, or open shop, the Sheriff
is set upon them u, once, and their means of doi:g
rnthessly sweplaway. Ninety-nine creditors may
be reasonable and humane, while one, being Shy
lock, can ruin all. Thus the bankrupt debtor is
discouraged, aud beaten to the eartli he will not
plant, where the eager haste of a rapaciols or
needy creditor stands ready dig up his seed after
him; he lives hopeless and miserable burthen to
Society, and his children grow up ia want, wretch
edness and degradation, uucared fsr and despised.
Or worse still, he is driven to dishonest conceal
men, to protect tho bread for which his children
pine, from the read clutches of the law; and,
where Misfortune has only made him a beggar for
life, the Law steps in and constraias him TO become
a f.lon We do most firmly believe that there are
now thousands of worthless, pernicous knaves in
the Country who would have been at this day hon.
est and useful citizens if The Union had steadily Ell
loved, what the Constitution virtually guarantees.
d Uniform Bankrupt Law.
al ength been enac;ed--passed by u clear majority
Of both Houses, aud approved by the President
a syv humane and hope-giviog IN its spirit, care
fu in It's restrictions, economical IN It's execution,
an! efficient in it, safeguards both debtors and
creditors, In;s law, we have not q doubt, would
have saved Fifty Millions TO the Creditors Of lhi,
Country had it been in force since 1886 knavcs
who concealed their property and forced their
creditors take twenty per cent. or nothing could
then havebern brought square up to the work,
aud compelled to disgorge Fifty 10 one huadrcd per
cent.4-u, any rate, all they had Thousands who
have been u.eessly struggling with or desperately
yielding TO their emharrassments through four or
eve years, would have given up all at first when
i, would have Welded most, and commencing the
world anew with an experience teaching caution and
wisdom, and NJ, energy evolved from mingled hope
and necessity, would have this time have recoy.
cred q position OF comfort and useful effort if not
Of independence. We do not overcstimate the value
of these efforts and facilities when say that the
aggregate addition to the National Wealth from
the labors OF these Bankrupts would by this time
have reached One Hundred Millions.
All this has been lost, save in the experience de-
rived from it, and the wisely beDehcent law which
hiss gr.wn out Of it--and these it's now proposed
insaney to throw away, by repeating the law and
pluneng more than One Hundred Thousand Citizens
Nnd their dependent families, suin into the cheerleSs
bondage from which they have nearly emerged
that ther had bsgun 10 look forward with homo and
JOY TO u future of useful and honorable exerton.
These are to be thrust back into their dungeons Of
despair-and for phat? Who will be benefited BY
the repeal Of the Law Not the creditor. for they
have long enough hai every oppos,ani,y to collect
their demands IN the absence of y Bankrupt Law.
aud their continued appearance IS creditors proves
that all has no, svsiled them Who then Ger.
tainly not the insovent Debtors nor their heiples.
wives and children; look not in their hollow eyes
and psllid counensr ices n search Of srstitude Cor
The tender In>- -,ces which Bentos & Co. pre-
pairing t-r hem. who then desire the repeal OF
- Bankrupt Lsw7 Can be those who are nei-
,ber Bankrup.s nor their Creditors Can 'hey
wish to psrsetuate eternally the wsnton misery OF
The unfortunate. To what end Do they VISA 10
support as relatives taxpayers the 1arh'iles o'
those who are no, showed TO earn tor themselves
Whs, will it profit them to have number OF theit
fellow-citizens equal one OF the great Standing
Armies of Europe torbiddeR 70 be useful and forced
10 lve-:aly upon the earnings Of others? Friends
OF the Unfortunate an issue OF life or death 10