New-York daily tribune., 1843-02-01
THE TRIBUNE.
Repeal Of fl,e Bankrapt Law.


+ =, the Editor of The Tribune:
J The bill now before Congress, intended to Re-
sal the General Bankrupt Law is evidently very
bisf and dry in its provisions, and keeps vcry
carefully out Of sight the principles on which it ia
based and the ends it is designed and calculated to
,ubserve. have therefore drawn up new bill
securing the same ends, but in more explicit and
/ nsuly way, which respectfully submit to Con.
s,e.s, hoping that it will be reported by the Judi
c;ary Committee of the Senate as substitute for
+ ,hs bill from the House. Yours, CONSISTENCY
4 The amended bill is as fellows:
Z AN ACT
TO Rspeals. Baakrup: Lasp, ind for other purposes,
Be IL enacted By the Senate and Representatives: OF
the United States. in Congress assembled:
81. The Bankrupt Law is declared to be repealed
from and after the date of the passage of this Act.
82. II Is hereby farther enacted, that any person
who, from any cause whatever, shall hereafter be
disabled from paying all notes, bonds, demands,
judgements, &c. c against him, in full with inter
est damages and costs, shall by virtue Of such disa-
bIiy and non.paymenf, be deemed and taken to be,
$3.50 facto, fool and scoundrel
S3. II IS farther enacted, that any person holding
any such obligation shall be deemed and taken 10 be
reasonable and benevolent Christian; and he is
hereby accordingly authorised and empowered to
hold his Debtor in bondage for any term he may see
f,; provided that suck bondage shall not erceed The
duration Of the natural life Of the debtor; bat that
nothing contained in this shall be construed SO
nothing else being sacred J and the right of the
creditor to enter the dwelling-if he have one-of
the creditor after death, and to- levy upon whatsoever
clothes and personal effects he may have left in pos
session Of his widsw and orphans.
"a 1t is hereby declared that the wife and chill
dren Of a debtor have no claims whatsoever upon
the sympathy and protection Of law; but on the
ary, that it is expedent proper and just that they
should be deprived of all rights and privileges uP
pertaining their station in life and that it shall be
deemed nisdemeanor for parent, owing debts
which he cannot pay, to educate his children, or in
any manner to provide for their comfort and happi
ness; and that they shall be, according to tie true
intent and meaning Of this act, BEGGARs.
5,h II is further declared that Christianity is the
law Of the land and that any thing contained in its
doctrines and precepts respecting" Charity, Broth
erly Love-, &c. &C. inconsistent with the letter and
spirit Of these is hereby annulled and all
lawsif any exist enforcing the due observance of.he
same upon all protesting Christianity, hereby
pealed.
9Th It's fur,her declared, that consistency, wisdom
and stability in the Legislation of great Nation
obsolete ideas, which have for ages caused large
masses of mankind, in civii:ed countries to adhere
to Monarchy and Aristocracy, being the form of
government most conducive to Individual welfare and
prosperity, and consequently the honor, ere lii and
power Of people collectively It's, therefore, the
policy ofa FREE REPUBLIC, by constant charges in
islaws creating artificial vicassitudes ortane an
The affairs OF men, to produce state of things con-
.amplated by this act and thereby reduce reassna-
bspropoon of free citizens to the condition Of sers
1th. tits furthermore enacted, That hereafter all
great National questions shall be decided upon in
the Legislatures of the respective States, according
toloca party otics, aad local rieUs and interests
alone; and that Members Of Congress shall in future
be mere DELEGATES TO carry State resolutions into
effect, by voting for the same in Congress- in accord
ance with or contra, to their o,en judgements and
corrections, as the case may happen to be and that
no debates henceforth be permitted to interfere with
or influence such {" foregone conclusions
slh It is further enacted, that this Act as well as
all others that may be passed by this any future
Congress, may be repealed at any lime, after he.nk
rs dry scih aohic4 Il is emgrossed." Note.-Wind
his day. S. W. it is expected TO be In
the opposite quarter, N. 4.
wide the Speech of Mr. Everett of Vermont, in inrodu
cisg his Repeal Bill.