The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-17

punished. Il would be an act of the grcssest inius-
tee il Individual dealers, aud merchants, are to be
subject 10 the operation Of his law, whilst ndivid-
uls who transact business under charter are to be
excluded from any of It's effects.
These are Two of the strong points which the sol
vent class desire to properly ate nded 10, and
which they will endeavor to get modified
And indeed the latter view Of the subject, regards
parks and corporations was the one taken by every
speaker at the recent great anti-repeal meeting,
both wings and locsiocos, and Is the one which all
parties seem now 10 be well agreed upon.
Before dsmissing this subject for to-day, how
ever, it may be well to correct thelerroneous state
ments put forth by the friends of the bankrupts In
relation to bankrupt statistics. Mr.. N. p. Tall
madge, who is not unfrequeny inclined to large over
estimates of an exaggerated character, calculates
the number of bankrupts in this country to be at The
least 800, 600; now this is one bankrupt to every
five voters. There were 100000 votes taken al
the election of General Harrison. and we may now
consider that there are at least 2,5OOOOO voters In
the country at this time Indeed, If we take the
usual ratio of one voter 10 every six souls, we should
with population of lS0OO,0O0, have 3,OOO,OOO OF
voters. Well, even this would make the calcua'
ton of Mr. Tallmadge's amount TO one bankrupt for
every six voters. Now, we oud ask, can this De
fair estimate In this city there may be 4OeO bank
rupts and 40 600 solvent persons, out OF population
of 3OO, 600, of which 10000 are voters Now, THIS
which is large estimate, would give but one bank
rupt to every ten voters. Following out the estl'
mate in the same ratio, that would give but 2oO,
900 bankrupts for the whole Union /; and this is
at least twice as many as there really are. For,
after all, the ratio given Of this city is an incorrect
one TO apply to the Union. In New England, Virginia
and Kentucky, they have not one bankrupt to every
ten That we have here, in proportion to the votes
In other states the same and we may calculate
safely that we have three times as many bankrupts
here in proportion to our votes, as they have IN all
the other cities, towns and villages In the Union
| This would Lrng the number down below lOO,Oot
for the whole United States which, perhaps, aitei
all is the most correct estimate. And to what class
does this number belong? Why, principally and
almos, entirely to the dry goods dealers, jobbers,
the spectators in stocks in lands and lots the imam
ciers and the politicians whilst the grocers, the
hardwaremen, most of the mechanic and manuiac'
turing class. and all the great shipping interest," are
entirely solvent.
Such then, are the estimates, such the numbers,
such the classification, such the position OF these
who call the meeting for tomorrow, and who will
doubtless attend there in large numbers, to protect
what they deem their rights. And there IS no
doubt that large number of bankrupts will be
present to see how things work, as this is the first
time they have ever caught their powerful anita
gonsts fairly in the field, sword in hand, and with
their beaver up.
But we have word or two of good, wholesome
advice to both parties. Let there be no COLLISION
There must, Of course be strong conflict OF feel
ing opinion and sentiment but let that be all. 1t
true that some of the bankrupt party have threat
ened violence, if their hopes blasted and their
measures Frustrated. But this must not be- AT the
anti-repeal meeting many of the solvent and repeal
classes were present, and offered opposition ex-
cept on one occasion a slight hiss. Let the anti
repeal men who may attend tomorrow conduct
themselves with equal propriety and decorum
With regard to the repealers themselves, it is right
and proper that their views should not be misunder-
stood. This body of men do not insist that the
Ba nkrupt Law shall be absolutely and uncondilon-
ally repealed but they insist strongly upon having
il modified SO as to meet their viewsor else they
desire to have postponed till it can be properly and
eflectually modified.
All we have to say to them is, " Go ahead" Get
proper, sensible men for your speakers tomorrow,
who can calmly and forcibly represent all your
views, and the strong points Of the case. Let this
be done, and on our own part we promise the public
the best report of the whole affair. Now, then, both
parties are fairly in the field, " straining for the
start and God defend the right