Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1843-06-08

enue from dutes on imports, borrow any
smoun. of money that il desired at five
per cent and perhaps even ut "a lower in
tert 81.
The BANKRUPT LA~-MR. VAN BUREN
The Locoloco press, 50 soon as they
discovered, us they supposed, indications
Of tie unpupularity oil The Banktup, Law
launched out into the widest and ie, cpst
denunca,ions agan il; 70 getul or
needless OF the fact, that all thrlf leading
men had been its must strenuous adyo
cat 3. We published some time since
Col. Johnson's opinions IN the subject at
length, and have rep, eddy called upon
the Locofoco papers OF this State 10 lay
them BE- f., their Ieade 8, bur they Lave
all maintaled the most peri Ct sill nc
with regard to the matter. We now add
Mr.. Van Buren's o, inions upon the same
subject, which viii be found TO coinc e
with those Of COL Johnson, and other lead
ing men Of that party, in favor Of a
Bankrupt Law. Those opnlons are con-
tanned in an extrac, from litter nd-
dressed to sundry citizens OF New 70 k,
in September, 1910, in reply t. one from
them, asking his views upon the subj ct
We subjon the extract. We again re-
new our call upon tlr L,cofoco Irc to
give their readers tie aGvant &c Of the
opinions Of their party leaders upon the
Bankrupt Law:
at is rule, he sa,rrd observance Of
which is in Isl eusal lie to the we'll being
Of society, tn t Cove nueni should rev
er nitrere WITH private contfat Is, even
when the authority 10 do so IS conferred
by The constitution except upon the ground
Of evident pub ic necessity, and hen with
a degree Of caution and circumspection
which shall guard in an efectual mannt T
against fraud and injustice. The occasion
may arise when tho who ave the igh'-
fu POWER TO inter re, rnny d. so, and r.
required 10 do so, by a regard fur the best
interests OF The community, there C n b.
no doubt. thought there was occasion
FOR such inierfrr nee in 1927, and gave
my vote for G n RAJ Bankrupt Law, ap.
pucable to bankers and traders, classes
which oil must tgree, were intended To
be embraced by the clause OF the consti-
tuition relating 10 this suhjrct. The oc-
casion OF at least equal urgency for such
law eriSts AT THIS TIME. The en-
bsrrassments caused by the perncious cx.
panson of the currency, and the conse-
quent facilities OF credit and cash enter
prizes, whc CHI have unfortunately chardc.
terized The last lew yeas are such as 10
render an interference Of his kind greatly
Conducive IF NOT Absolutely NECEsSA-
RY To THE PUBLIC GOOD. | WOULD
THEREFORE, HAVE UNHEsITATINGLY CO.
OPERATED, AT THE LAST SESSION OF Con-
GREss IN TuE PASSAGE OF SUCH LAW,
properly guarded against frauds, and so
framed as to secure 10 the creditors ths
pres, nj @, tate Of III ir debtors. WHEN THE
LATTER WERE DISCHARGED FROM THEIR
OBLIGATIONS.
al, wouli constitute no objection with
me, If corporations were, in proper (oIm,
embraced by the provisions Of such a
bill. = Leriagion InieiGgencer.
One OF The New Orleans papers OF the
oath May, 1.-THE Tfopic) hes the annexed
| paragraph. III the runor referred u mas
foundation, il will doubtless DO made TO
appear in due season:
ASTOUNDING RuMoR. week
past it has been whispered about this city,
That drsft drawn by The .Merican Govern
meat in favor of Sam. Houston, President
of Teras, .far ireHty fire thousand dollars,
has been paid al The counter ofone Of The
most prominent commercial houses an Nei0
OrieqnS!i
We learn further, that by the steam,
ship New York, that stiled on Monday
evening for Galveston, Information of such
character was transmitted to Texas,
rs will leave scarcely he shadow cf a
doubt upon the minds OF the people there,
of the truth of the rumor which was only
Whispered here. Tia next news from
Texas will be most nnxiously expected,
and may be fraught with Intense interest.
The whole Tyler Guard has been de-
tailed for Office. This, we believe, is TIE
frs, instance in which President has I'M
deriaktn TO bsslow office upon his entire
party in Congress. lou, jour.