The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-10
P O s r S c RI P
Washington.
tCsrrvspondense Of ne HERALD
WAsHINeroS, Feb. 8
Senate.
Washington.

Nh. BENTON presented petition from tb
OF New York, praying for the repeal Of the
ruPt law, and took the oc easion TO saw that he
in the course Of the day, and a. soon as the N,
business was over, ask for the con sideration
bill which he had introduced for postponi,
action Of the law. He said that experienc
already showing its evils, and he held il to
b0unden duty of Congress, in whose han.
power of repeal or amendment was. TO disc
their duty to the country BY arresting the &C
il could be repealed or greatly altered. He
paragraph from the moneyed article in the
nj fit of the act-that six millions OF debt we
presented by the applicants on the first day
opening of the court, and that the destruc ton
and property threatened a vast increase to the
rupt list in banks and persons now deemed Sc
but who must fail when their debts were los
said The law would be execrated by the CO
when its enormities we're displayed by its
tien; but it was the duty OF Congress to pr
these evils, by amending or repeating. H
sidered it no bankrupt law, bat an abolitio
law, the frat Of the diseased times in VIII
lived, and the most fatal fruit " hich the MI
season had produced. He then read as 70
from the monsyed article in the Herald, pror
ing an enconium on that section Of the pap
being worthy of the attention Of the statesm.
legislator.
THE applications f.r discharge from debt UNI
Bankrupt law, have commenced with great vigor.
haste IL made to push through the forms of the la
Obtain discharge as speedily possible, for fee
grsss may yet postpone the operation of the law,
wouid nave the effect OF stay ing all proceedings
not perfected. Those in whose behalf notice &c
tors 10 show cause was made public to-day, can
ceivs their certificates under seventy days.
,,v;n wefy many Of those who apply for dischari
within the means Of their creditors. These
promptly and vigorously combine and silt out 1
connection Of the BANKRUPT with the property
against whom the law 10 arrsyed, to protect their
Under the late banking system, the credits crea
trusting these people were called property Ban
individuals that held their paper considered it a.
those who applied for discharge yesterday in this
estimated at $4,000 600. This, by the operation
law will be annihilated. The hope heretofore
tanned Of being able TO realize something from
debts has kept alive the hope Of being able to pa
debts: That chance 10 now destroyed, and the pl
lity OF creating many other bankrupts is increase
IN their turn, will apply for discharge, end con
to pull down some Others In their turn. The ava
is now ham, ing over the heads of Thousands VIII
dream that they are in danger Of being crushed
fall.n
Mr.. TALLNApeE presented Use veral remor
ccs on the subject Of the Bankrupt law; and
he was up, took occasion to make some rel
which he said had been suggested By the rel
w thC osueeoA siO0 U0SsouIA \NAI. De
That Senator, in his course ON the Bankrupt
proceeded on the old maxim which had a
governed his course upon all questions of Il
tive action to which he was 0Pposed-that
verance conquers always. There was NO
OF Congress against which he set his face, T.
did not Persevere in to the last to have vi
He had hoped, that after the action q
Bankrupt law had gone into operation
the question would not be again re
There was no agitation in the country, cxcel
produced by the action of the Senator from
souri, himself, who would not permit the 90
t !, remain settled II is he who has agitatt
contributed to produce the state ofthings Of
he now complains. This measure had b.
nounced by that Senator Is q party measure
the law and the petitions for the law were CO.
ed. There was no party about it. The frie
the bill had strivcn to divest the question
party considerations or character, and depr
the course of the Senators en- the other side
had made the effort to give it that character
now zee the effects Of the Senator's not perm
the question to be settled. The apprehensi
rush on the part Of those who wished &
brace the law, fer fear that it would /
pealed. II 1t was permitted to become a
nent law Of the land, and amended ~
encs suggested was necessary, il would be
the most salutary measures for the countr
passed since the formation Of the Goverpme
the gentleman's Democratic principles won
NIT him to submit to the majority Of theSen:
country, and let the law 20 into operation, ag
would ase; there would be less anxiety
bankrupss, and more compromises betwe
debtors and creditors. Already many c,
misses have been made under the salutary
sions eff the law. He characterized the 6
from Missouri as an habltual disturber, a.
ticularly on this question He beseeched b |
nm 30 a rao his q At ouA
question to remain settled. He believedthe
Of the Senator was not even sanctioned by
litical friends, with reference to this question
believed they were DESTROYS, af.er the action
to abide the decision of the Senate.
asserted that the doctrines promulgated ]
Senator from Missouri, and the principles
which he had acted, were the cause Of the
ruptcy and the distress in the country, ant
q bankrupt law necessary; and imputing
had now NO heart left TO feel for the distresses
he had created
MIR. BESroN. interrupting the Senator
sir lis false lis false!
The CHAIR called to order.
Mr.. TALLMADeE took his seat.
MIR. Preston remarked that it was prop
der should be taken to prevent further inteiI
to the proc eedings, and to q Senator whilst a,
ing the Senate. He would not move in 1t h
but would submit to the discretion Of older
tors, as to what should be done to pr
its digXisy. He should deeply regre'
any coffi sion Of q painful character
grow out Of the interruption, and the
-brious, epitkets which were applied. He
no motion, but suggested the propriety 81 Sc
ton.
Mr.. TALLMADaE obsei we'd il was a matter
would not discomfort him at all. He repsaie
he had said.
Mr.. BENTON. Then it is false-u,tsrly fsl
Mr.. CLAY hoped the Senator from Nilsson
b. would take his seat, and order be restor,
Mr.. BESTos. 1 am in my seat, sir.
Mr.. CLAY. Then it is n0t in order for thu
tor, whilst seated, to address any remarks
Sc late, or to interrupt an honorable Senat
was on the floor. twas breach Of order.
Mr.. BENroH. ! will not safer any Sen;
make false assertions Of me without repellin
in the strongest language l can command.
Mr.. CLAY replied, that If the Senator ado
language to him whilst seated, he should apI
guage corresponding to the act.
Mr.. BEHToE, sitting in bis chair, rcmarke
the Senator's language would be followed
action. L. no words, then no act
Mr.. CLAY. The Senator well knows-
Here cries Of order were interposed by |
Senator's and the Chair, and the Senator fror
lucky did not finish the sentence, for the CO
was so great that what he said could not be
After order was restored,
Ma: PnELPs asked what was the quest
fore the Chairl
The CHAIR observed that there was no q
pending
MIR. PHELPs requested the Chair wou!
what were the remarks of the Senator fro
Yo:k, when interrupted by the Senator fro
souri,.
The CHAIR stated his impression of the q
assumed by the Senator from New YoTl
time he was interrupted He conceived III