New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1843-01-09
yoL. IK. no. 233.
The Bankrupt Law-Debate-Rivea and
BENTON, &c,
From oar Special Correspondent.
MAsnINcrnY Tl,rrxd.r La & 1919

The blu to repeal the Bankrupt Act is still under
debate In the House, or rather is still pending
there, while all sorts of partisan matters are de-
bated, and the real question before the House is
scarcely alluded to. 1t is utterly impossible, at
the present time, to form an opinion which will be
entitled TO much weight as to the fate Of this meg
sure. have in vain made the most earnes, en-
beavers to obtain informal; on upon which I might
form an opinion satisfactory to myself at least.
My Impressions are, however, that the law will
not be entirely repealed, but that the voluntary
power will be stricken out, and that possibly ii
may be made to operate upon Banks and other
Corporations. Most of the Wings are anxious to
preserve the law as it now exists; others-a small
sody-of our friend. are favorable to its amend
ment by striking out the voluntary provision; while
some are in favor OF Including Corporations within
its scope; and few Wings are for its repeal with
a provision in favor of those who have applied for
its benefit since the introduction of this BILL while
there still fewer, if any, Wings in favor of its
unconditional repeal. On the other hand, though
the Locos, body, are for its immediate, ancon-
dtional repeal, there are few of them, like G. j..
[ngerso for preserving the coercive portion OF the
law; while he and his colleague Charles Brown,
and few others, are also anxious 10 extend its
operation to Banks and other Corporations. 1t l.
impossible to tell at the present time how men
will vote, for It'll exceedingly uncertain what shape
the question will yet assume but as have already
stated, do not believe that maorjty can be found
in favor Of the repeal of the entire law. Yet the
result may show even this opinion 10 be erroneous
have never seen the time when it was more
difficult than now to predict, with any thing like
safety the result Of measures OF great public inter
est. You may, however, set it down as certain
that tho Ecchequer will not receive support enough
even to give it decent burial, after its exanimn
ton by its friends the grave-dggers; nor does it
seem within the compass, of possibility that any
hing will be done upon the subject of the Cur
rQncy.
1t is not believed that the Tariff will be essen
tally modified nor there at present any strong
indications that any great change will be made in
the mode of collecting duties. Much was said al
one time upon the subject of a ware-housing sys-
TEN, but without much Knowledge on the part OF
.em; but at present this, like most matters of pub
lie Importance, is yet IN nubibus.
Now that Congress is fairly at work again,
trust that we shall be able to find something more
substantial than mere conjecture whereon TO rest
opinions as to future action.
The Senate occupied Tor most of the morn
ing hour yesterday In listening to a matter between
Mr. Benton and Mr.. Riyes approaching very near
TO n question Of veracity. Mr.. B. complained
tha, he was charged in printed speech OF Mr.. Il.
with having attempted in the debate the treaty,
in session, tc conceal a certain cred line
defining the Northeastern Boundary OF the UHited
States, the map being copy of oae discovered by
Mr.. Sparks among the archives in Paris and sup
posed to be that spoken of by DR.. Franklin in lat
Ter written to Count de Vergenncs in 1884, soon
after the conclusion of the Treaty of that year, in
which he SAYS that he has marked the boundary in
red ink. This line gives TO Great Britain all the
waters of the St. Johns, and much more territory
than we formerly were disposed to accord her. AIR.
Benton epelied most earnestly the charge OF having
attempted, in displaying the map, TO conceal this
line, while Mr.. Rives and MIR. Calhoun were OF
opinion that he had attempted IT, something very
like it. TWAS supposed that the matter had end
cd Yesterday, but this morning Mr.. Walker OF
Mississippi, who is very earnest little gentleman,
with a shrill voice and habit OF making inter-
mnably long speeches, again brought up tic mt
ter, and after stating his recollection Of tie t,.tg,
on the occasion referred to, branched Ii into
long speech upon the subject of the Northeastern
boundary, giving as his reason for doing so, the
fact that most Senators OF the peculiar
relation ,chich he bore to DR.. Franklin and that
consequently he considered it his duty defend that
distinguished man trom-imputations winch nobody
had dreamed of making The little gentleman Is a
native sf Pennsylvania, and married granddaugh-
ter Of Dr. Franklin, which in his view makes ii
necessary for him to crow like bantam whenever
his name is mentioned.
Mr. Rives and Mr.. Benton spoke again to-day
very earnestly upon this subject, and were only 81
fenced by the President insisting on proceeding 10
the orders of the day. The Senate after went
into executive session upon some treaty.
In the House the subject of Gen. Jackson's fine
camo up, Mr.. CUSHING making regular od-tast-
toned gIoriication speech in favor of Gen. Jack
son MIR. ADAMS replied, fairly cxcoriahns his
colleague.
The bill to repeal the Bankrupt Law was then
takes up. Mr.. Gordon, of \. Y, bitter under
ground Loco-Foco, was entitled to the floor, and
spoke an hour in reply to his colleague, Mr..
Bovine, another Loco sti more bitter, who yes
terday made very Tylertsh speech upon this sub
.ject. MIR. Gordon made some pretty good hits al
his colleague who 10 grea, wrath awaited himsei!
OF a few minutes allowed him by Mckeon to re-
ply. He commenced by saying : ne must lay
aside all sel;-respect before he could reply
ply TO his colleague, and he now stood before the
house in that attitude;' and indeed it seemed to
cost him trouble 10 do so, for what little 81 that
feeling be may have possessed seemed to be entire
~ forgotten in the gross and mean personalities
whish he uttered. lie charged his colleague with
falsehood, which charge that gentleman who is
very dirty-facsd man, retursed upon him. TWAS