Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1843-02-10
CONGRESS.
Washington, Feb. s.

w aSnlnBtOn, reOs D.
SENATE. BANKRUPT La,c.-Mr Buchanan
presented a memorial from Northern Pennsy-
vonia in favor Of the repeal of the Bankrupt
law. The memoriasts express the belief that
the law will do some good, but the evil VIII
more than counterbalance the good
Mr. Tallmadge presented five or six memorl-
ais from different parts of New York and Penn
sylvana, demonstrating against the repeal oil
the Bankrupt Law.
Mr. Berrien, of Georgia, from the COMMITTEE
on the Judiciary, reported oi IN reference 70
The whole subject He asked in the name OF
the Committee to be discharged from the House
hill and from all the memorials and resolutions
referring TO the subject. The repeal bill OIL
ginatine in the Senate, is reported back, with
sundrv amendments--the main features oil
which affect the voluntary principle.
The amendments also go TO repeal so much
of the voluntary clause as allows any applicant
TO have the benefit of the law upon his single
petition, and changes, in several importantpar-
iiculars, the existing mode of procuring the GER
tifcate of discharge.
The bill and report are both long, and as
soon as the report was presented, Mr. all
madge rose and said, that in view of the i'm
portance of the subject he moved the printing
of 1900 extra copies of the report.
The report states that the salutary influence
of such change in the Law will be manifest
ed-lst, by the prevention of undue credit; %,
nv preventing partial assignments Sd, by sub
shutting one uniform rule; 4th, by armIng the
creditor with power to force failing debtor
10 90 into liquidation before his assets are vast
ed by the desperate speculations to which men
in such circumstances are tempted.
The following reasons are given for contln-
uing the law:
lst. In the consideration that the benefits of
the Bankrupt Law have been extended to
portion of our fellow citizens, while its sudden
repeal would be denial of equal justice TO
many others whose claims are not less strong,
and who have been prevented from awaiting
themselves of them, or restrained by motives
which ought to command our respect.
Cd. That the decision of the question in re-
lation TO the constitutionality of the law IN one
of the Courts of the u. S., the citizens oil one
of the States of the Union have been IN effect
deprived of all the benefits of this law, whlle
those of the other States have had the enjoy
ment of them.
Sd. That Bankrupt law is but the exercise
of benefceDt power which the experience OF
every commercial state has ascertalned to be
necessary, and which power has been conferred
by the Constitution on the Federal Govern
ment.
4th. That il will prevent the enactment and
operation of "stay laws,' some of which have
already been passed.
9Th Finally that such law extends the
protection of the Government to class OF citi-
Zens who though poor and unfortunate, ought
not for this cause to be beyond the pale oil It's
4 protection.
One of the changes in the bill is the substitu-
4 ton of declaration of insolvency according to
4 the Act of 9th William the Fourth. The a.
d mendment provides that the assignee shall be
appointed by majority of the creditors.
No recommendation to Include corporations
4 is embodied in the report.
Mr. King could not perceive the necessity o
Y printing the extra number ofcopies. He tho
the expense might well be saved.
Mr. 'Tamadge said that whatever might bt
Il the result of the vote upon the bill, whether
~ the law was repealed or not, the report woulo
q be called for in all quarters. He hoped alte
the report was made and the amendments pro
posed were adopted, that the Senate woul,
agree that the bill ought not to be repealed.
The question was taken, and the printing
was ordered by a vote of l6 TO Ia.
The Oregon bill was called Tor again, in In
hopes expressed by Mr. Linn, that to-day woub
end the consideration of this vexed question.
MI Choate was entitled to the floor, and ad
dressed the Senate in reference To the merits @
single branch of the subject, the identity O
the treaty lines on the North West oil 1874
and l7SS-a point denied by Mr. Benton. ii
said the Hon. Senator, (Mr B. says the trea
ty changes the boundary. | controveTt tn
statement. Mr. Choatc proceeded to substanti
ale his ground with maps, documents, reports
treaties and testimony.
The debate was continued by Messrs. Wood
bridge, Choate, Benton and others.
The bill was then ordered 10 be engrosse
for third reading-yeas "a, nays p, as FOL
lows:
Yeas--Messrs. Allen, Benton, Buchanan
Clayton, Fulton, Henderson, King, Linn, M
Roberts, Mangum, Merrick, Phelps, Sewer
Smith, of Conn, Smith of Indiana, Sturgeon
Tappan, Walker, White, Wilcox, Williams
Woodbury., Wright and Young-24.
NAYS-Messrs. Archer, Bagby, Barrow
B Bates, Bayard, Berrien, Calhoun, Choal'
Conrad, Gratis, Dayton, Evans, Graham
Huntingdon, McDufie, Miller, MoreheaC
Rives, Simmons, Sprague, Tallmadge, an
Woodbrdge-22.
The bill was read third time and passed.
Washington, Saturday. Feb. 4.
On motion of Mr.. Giddings the House reso
we'd itself into Committee Of the whole an
proceeded to the consideration of private an
Territorial business. Among the private bill
passed, was one for the relief of John Carey,
coIored body servant of General Washington
and who was with him at Braddock's deei
and throughout the revolutionary war. He
over ll2 years old, and is to be seen almo
a every day about the Capitol.
The House has also passed the bill maxim
appropriations for Revolutionary and oth'
pensioners of the United States, for the half ca
ender year ending S0th June, AS, and. for II
fiscal year ending on the S0th June, IA.