Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-06
The BanIrup, Bin in N, SENATE.

The following proceedings took place the Senate on
Saturday, the Bankrupt Bill We understand that the
ultimate destiny Of that bill is by no means certain One
Of two things however, may be certainly MISREPRESENTATION
the unconditional repeal OF the Bill its conformity to
European Of Bankruptcy, by annuling the voun
tsy csurcn other words continue the creditors the
power Of forcing the debtor Bankruptcy but to deprive
the nsoven Of the choice Of that alternative. This modi
fcaton. looking exclusively the benefit of the creditor
and rendering the lHw hard ship only to the debtordi
yesngit of any Characteristic Of pviegew ensure it,
speedy and final repeal Better let stand as il now
h tits to be kept the Statute Book ALL than to con.
form rgidy what is esteemed Of the harshest fea
lures Of tho Lex Morcahoris.
THE BANKRUPT LAW.
Mr.. BERRIEN, from the Committee on the Judiciary
whom referred the Senate bill for the repeal Of the
Bankrupt Law and House bill for the repeal Of said law
together with sundry petitions asking the repeal Of the law
and rmOnstraing against it, repeal, reported
That the committee recommend the indefinite postpone.
en OF me senate bi report the House bli with sun
dry amendments, accompanied by report; which or.
dored - bc printed.
Mr.. TALLMADGE said the subject wss important and
ia which deep interest felt throughout the
muniy; he should therefore that 500 copies
be printed
before was taken the extra numbers and II
the report and bill were not voumnous, he should like to
have them read.
Mr. BERRIEN replied that the report went into full de.
TAIL md presented the opinions o Judges and the reports
State Department.
Nr. KING could notsec Why Il was necessary to print
extra number; they ordered they could be Of
use, for action the bill would have taken place before
there could be any response Of public opinion.
| Mr. TALbM ADtiE was convinced that they would be
called from oil quarters and Il necessary 10 show
y oir constituents the ground which they 10 act
lie expressed the hope that after the rsasous given IN tho
report should be spread before the Senate the bill would
I be repealed.
/ Mr.. WOODBURY. usked, II the bill was not long, that
/ tie amendments might be read.
Mr. BERRlEN said the bill very long. lie stated
however, generally the views Of the committee The re-
port proposed to strike the title Of the House bill and
~ insert AN amend the entitled cstab
ls uniform system of bankruptcy throughout the United
Stltcs," passed the 18Th August, 1911
The voluntary clause srcpencd-a majority Of creditor
rendered necessary dischargc-corporaon not in
/ oudsd.
The question was tlken on printing 500 additions
copa, rnd decided in the aimatvei Yeas is, nays 49,
From ven nasty glance be report, before 10
=, the printer the following appeared 10 be some Of The
grounds which he committee thought the act should no
repealed
That overriding would be prevented, well undu,
credit checked by nmng the creditor with the power
rcing failing debtor into liquidation before vast
ing his Again, ha te benefit Of de law had heeI
extended 70 portion VI aigyns, and repeal would b
denial u justice 70 others WHOSE claims were no lee
strong, and VIII, might have bcoa restrained by motives tina
should commend our respect