The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-12

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Repeal OF the Bankrupt Law-Its Practical
Operations In real Life-Case OF Anthony
Dey, Esq, In Bankruptcy.
| From present appearances there is reason to be-
lieve that the present bankrupt law will either be
abolished or essentially modified by Congress. Be-
ing matter of deep interest to the public at large,
both debtors and creditors, we have commenced an
investigation into the practical and philosophical
operation of this law, upon the affairs and ransac
tons OF distinguished individuals who have hitherto
trusted to the security of tie credit SYSTEM but
now obliged TO open all their private transactions and
specuatlons, and spread them before the public in
| the shape of petitions in bankruptcy.
Some time ago we laid before the public the state
| of James Watson Webb's affairs-the immense
amount Of his debts and liabilities, and his Flemish
schedule of assets His pecuniary debts the bank
rupt law has already wiped out, and his criminal
debts the Governor has Just wiped out
!, Forgiveness of many debts, and of such
| magnitude, too, should make him penent,
humble and better man. We regret, however, that
neither the pardon of the Governor nor the forgive.
ness of the bankrupt law, have hitherto produced
any sautary effect upon his morals manners.
To-day, however, we give to the public the state
OF affairs OF a gentleman whom we doubt not the
bankrupt law will produce very wholesome effect,
and one directly the reverse of that produced upon
Col. Webb. 1t is the of Anthony Dey, Esq,
and far surpasses all we have yet published on the
philosophy of bankruptcy. He has filed in the U.
S. District Court his petition in bankruptcy, consist
ing of various schedules from A. to T.. or there
abouts, altogether occupying 76 closely written
pages OF foolscap, the substance Of which we have
endeavored to report with accuracy, and lmpartial
ty. II Is a very singular, curious, complicated,
and philosophical expose. Mr. Dey has stood
Among the foremost at the New York Bar-a
gentleman and Chrlstian-a man of honor, integ-
rty, responsibility, and undoubted piety, and what
ever may be the final result of his application for
Reputation of his debts in the Court of Bankruptcy
below, there can be no doubt that in the Court of
Heaven above, his petition for remission of sins
will be heard, and decree of eternal discharge be
givenfrom any lien which the great Adversary may
have held against him. Mr.. Dey has been reputed
to be rich man, and we are not sure but that his
is upon the list of rich men lately published by
Moses Y. Beach, a brochure of startling accuracy
in the statistics of New York wealthy men. Yet
he is now an applicant for decree in bankruptcy.
His will be found TO be one of great richness
in morals, pety, poudrette, finance, religion, law,
land speculations, and gold mining. We attach no
blame, however, to MIR. Dey. He seems to have
been bowed down for years. and at length Frustrated
under the influence of that disastrous system of do
nestle economy under which the country has been
suffering since 1880. Mr.. Dey is not alone. And
doubt not that far extraordinary cases than
his will yet up Still his is very curious
and remarkable.
The first thing which strikes us on looking over his
schedule is the vast multitude Of his debts, and the
great number of distinct classes OF individuals whom
he owes. His liabilities not to one solitary
Bank and in one round sum of $s52 900, but they
are to dozens and Scores masses and classes; they
are to Administrator Bakers backsmiths, brokers'
boat-rowers, boat builders butchers butter women,
and banks-Camphene merchants, chemical manu-
featuring companies, carpet-merchants, cabinet
makers. cariage-lenders carpenters, cashiers, cob
lers, coopers coaldealers, chamber-mads churches,
corporations, and cooks-Dock- builders, doctors,
-Endorsers--Freightm merchants frame makers,
fsh-mongers, farmers and florists
and grocers-Horse-shoers hardware.merchants
harness-makers and Observation-Disclosures and IRON
mongers-Keepers of boarding houses-Lumber-
merchants, livery-stable-keepers, lawyers and la
Observation-Disclosures mat-sellers, merchants and
millers-Newspapers and nurses-Oil- merchants
and ice-keepers-Physicians, printers, plaster
ON do larc-
Repairers of drawers Segar- merchants and seeds
men, stablekeepers and stationers, soap-chandlers
and solioi,ors, sugar merchants and shoe-makers,
school-masters and schoolmistresses, shoe dealers
and scavengers, sheep-sellers and sherifs-Tallow-
chambers, trustees, teachers and tailors-Unon
white lead companies universities and upholsterers
Wagon makers and waggon-lenders, wharf own
ers and wharf-builders, washerwomen, widows and
wives-through all the letters Of the alphabet. This
is no burlesque nor intended as such for all the oc
equations named above may every one be seen writ
ten down in Mr.. Days philosophical schedules.
On the other hand also, among the assets, there
will be contemplate array of strength. His
schedules rich and strong inbibles, psalm books,
poudrette, and pews, together with much lands,
houses gold mines, and other property, all of which
we doubt not, will be viewed with complacency
aud APPRECIATION by all his creditors, well those
IN the Court of Bankruptcy below, as those in the
Court of last Resort above. And it, in the painful
trial through which he is passing, his title to
gold mines and mansions in this world shall not
prove clear or, vanish away, we hope and be-
leve that the time is near at hand
"When he will read his title clear
To mansions in the skies;
And bill farewell to every fear
And wipe his weeping eyes"
Whatever the poudrette and mines may be valued
at, we have every reason to believe that the pews,
psalms, and bibles, are equal in salvation to
81, i56 795 37i, In the currency Of New Jerusalem.
On the whole, we know of no objection on earth
Mr Deus attaining his certificate of DISCHARGE