The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-21
Another Public Meeting against the Repeal
of the Bankrupt Law.

| Oh the Bhhkrupt Law
Another meeting of the friends of the presen
Bankrupt Law, and against Its repeal, is called tor
to meet at Lafayette Hall, in Broadway, on Fri
day (this) evening, at o'clock. 1t is signed BY
number of highly respectable names-but moi
more SO than those who signed the Repeal meeting
in the Exchange.
This is all right and proper The more Of public
discussion that there is, the better for the principle
of Justice and mercy. Get good speakers to repre-
sent your views, disavowing all the insnuation
against the purity of Congress, made through thu
"Courier and Enquirer" Nothing can be gainet
for your cause by impeaching the motives Of Com
mttee men, even if they have changed their opin
ions. One thing depend upon-we shall send to hi
meeting our invaluable corps of Reporters, and Civ
better and more accurate report than any othe
paper in the United States can give.
Important from washing ton-Cnion Of the
wings and the Presidential New Bank.
rupt Law.
We have private information from Washington
ola very important nature-and from the sources
from which il emanates we have very good reason
to put confidence in its accuracy.
1t is now believed that the great body Of the whg
party, fatigued and chagrined at the consequences
of disuAion among themselves, and esrangement
from the patriotic Chief. Magistrate, have come to
the resolution to unite with the Executive and the
Cabinet, in all, or in the most of the public nea'
sures now pending before Congress
For this purpose il is intended to introduce ne "
Bankrupt Law into the House of Representatives,
and already the Committee on ithe Judiciary have
been instructed on that point This law will en-
brace banks and corporations modify the cOmpu-
sorry Retrospective operation of the existing law
and avoid the principle ofT.pudiatiom by just but
merciful adherance the Sacred obligation OF con-
tracts' 1t is expected that this 'uniform law on the
subject of bankruptcies' will pass the House while
the repeal of The present law will pass the Senate
The Presidents, in such a contingency, will then
sign the repeal of the present law, as soon a., or
about the time, The new law shah have passed both
honses of Congress, which is intended to 60 into
operation next August By this measure, all parties
will be- saisfied-the honest debtors and the merci-
full credtors-he mercantile as well as the agricul-
tural classes.
In come elton with this healing measure, there
are also hopes that national system OF Currency
will be established which, in conjunction with the
remaining sound and solvent State banks, and the
suppression Of all broken and suspended ones under
the operation OF the Bankrupt Law, will be the
means OF restoring order to the present arrangement
of public and private affairs, that will cause JOY to
spread throughout the land.
These important and cheering views are founded
on good and sufficient reasons--and 1t they should
be carried INTO effect, it is highly probable that the
wing party united with the President will yet main
tain their ascendancy in Congress- and regain IT In
he States, at the next elections, on q better and
frmer ground than ever
Let us watch each days proceeding Is at Wash
ngton, and, see whether the wings have sense
enough moderation enough, patriotism enough to
accomplish this desirable union.
TEE COURIER AND ENQUIRER BRIBERY AND
CoRaUrroN.- Col. Webb OF the regular army"
is perfectly frantic. Fearful that the Bankrupt Law
will be repealed and that he will not have a
chance of taking the benefit Of the act, he flies into
towering passion-accuses us OF all sorts OF false
hood-cals US " the wretch who controls the Her
ald"-denounces this paper as s. that infamous
Sheet" the New York Herald, John Tyler's spe-
eal organ in New York"
We are not surprised that the Colonel should ap-
ply these classical ephets to us, so characteristic OF
the wel-bred gentleman and scholar, as he under
stands them" He has exhausted the same vocabu-
lary upon the Chief Magistrate Of his native ceun-
uy, calling him a wretch," :" a traitor" " a
knave," ga foo, l." no gentleman" &c. ANthis
is appropriate language, according to the idea which
g Col Webb Of the regular army" enterains Of gen.
| nd -hut w
whether it will pass for decency even in the Union
| Club-certany Duff Green would have put his veto
| on it.
But what is the matter with the Colonel
He saws that the New York Herald represented
that the Courier u Enquirer had charged Congress
with bribery and corruption at the rate OF SlOoOW
per h ad-and that this representation Is false,
"infamo us"-and is not what he meant We Ger
tairly did so-and every body who read the article
| in the "Gourier" have thesame opinion. The grea
anti-bankrupt meeting in the Exchange, understood
| the ssCourer' to make such charge, and passed
resolution regulating it. Every paper that has a
luded TO the matter understood the "Courer" In tn
same way. The "Journal of Commerce" the ''Mad
son;an. the National Inteigencer," and others
may be ma med.
WHY then, should Col Webb, of the regul'
army," fly into such passion, if we understood hi
as all the world did
Il is true he denies it now, and attempts to tai
it back. Be it so. If he repents, and regrets b
indscre,on, no one can be more glad of it than v
are He repented in the case Of J. d. stevenso
first charging him with periury-then taking 1t
back-but, unfortunately, he comes forward al
repeats his charge, and calls it " false swearing
This backing and filling is not like Colonel OF
I regular army" Even now. if he means to Ia
back the charge Of bribery he made In his pap
y against Congress, let him do so, but let II be p'
; fectly understood that it shall not be repeated at
& mex, change OF weather
Our friend, the Colonel, is curious fellow, Wi
n some good points, and some bad. For auld la
h. | svne we wish 10 do him Justice . We have spe