New-York daily tribune., 1843-03-07
The Bankrupt INV.

The Bankrupt Inv.
The Bankrupt Law is dead, and sadly we sey ii,
though we cannet blame Congress for its repeal,
in view of the feeling eYinced throus hout the
Country. The People demanded the Repeal, and, j,
though the demand was short-sighted and unwise
Congress bowed to the popular will. For good or
eyil, we cannot doubt that the Repeal is the Of
d majority Of the People.
They will one day see that they have been too
precipate in this clamor for Repeal. The very
arguments by which it was urged convince US the
more that it ought not to have been done. The
stories which reach Us from every side of the
rogueres of Bankrupts establish the necessity and
he salutary effects of Bankrupt Law. These
knayes would never have been able to run so deeply
in debt under a Bankrupt Law; they were shut of
from future dePredations had that law been pre-
served Now they will recommence career of
cxtravagance, and in few years. be heels over
mead in debt again-they or g fresh swarm just
ike them. Al barrier to pernicieus credits, the
Bankrupt Law was of inestimable value. The
very cases cited to US by our correspondent Old
Ce<uga' to prove the hurtfulness of Bankrupt
IN debt and th-n take the benefit of the Act-are
isst such as this law would have cured. Such
nen could haze obtained no credit under Bank
rups Law but such as their approved personal la-
;esri,y would have commanded. SO Of many other
cases.
odd Cayuga is puzzled to see the difference
between advocating Bankrupt Law and justify
Jog State Reputation. We will try to make him
ZEE it, A Bankrupt Law compe!s the jnsolvent
lebtor, whether willing or unwilling, to surrender
all his property his creditors this is divided
| .mong them, and then he is discharged from all
ar,her legal liability, and ellcsd for bis
family His debts are not paid; he still owes
.nd is morally bound TO pay them as fast as he is
| .blc; but the law, having stripped him bare, de-
| ;llnes to harrass him farther Reputation, or
the other hand, is refusing to pay debt or debts
! while the debtor keeps all his property including
that which he has obtained from his creditors In
tie one case, the debter yes up all; in the other
he keeps all and gives up nothing. If our friend
can see no difference here, must regret our in.
atilty to exhibit the Plainest and nost important
Truth
70 RALrH WALDO EMERsoH reads the Lee
ture before the Mercantile Library Association thi:
evening at The Tabernacle, upon Politics. Ihl:
5 probably the last time MIR. Emerson will lecture
IN our city during the Season; lis also the closing
Lecture Of the Mercantile Course.
! ~ A Lecture, in continuation of the series Of
Lectures on Ireland, its Literature, History, &c.
| ~
abeth, and of the sufferings Of the unfortunate
| Mary, Queen of Scots, and the Governmental pol
| Icy of England in that eventful period-~ili be
delivered this evening by Mr.. MoosEY at the
Concert Hail. Mrs. McDoual, the popular
pianist vii! perform some iavorite pisces OF music
The cccasioa is ennen!ly attractive.
| ImpoRTAHT JUDICIAL DECIsIoN.-We are in
formed by the reporter of the Supreme Court, SO!
The Salatoga Sentinel, that, in the case Of Taylor
=. Porter and Ford decided at the last January
;erm it was held, (Nelson, CHI j dissenting, that
the statute authorizing the laying out of private
roads without the consent of the owners OF the
land over which they pass, is unconstitutional
and void The decision is calculated to saect
important SEo SS SSLSioo Huo"h'
CoRREcrloN.-Lefevre, the Infamous se6sser
of young lady in Pennsylvania belonging TO a
congregation which he prSfessed to be Pas
,or, it seems was not Minister of the Gospel.
He was some lime since expelled from the Asso-
citation of Ministers, ard that body al the same
lime published card warning the public against
sim as a wicked and dangerous man. His exer-
else Of the pastoral functions itself fraud and
an imposition. We trust some legal methed will
be devised 10 punish him as his Infamous villany
deserves.
D The store of Mr., G. W. oe,sn, a, Deep
Creek, Va, wss burned down, with all its con-
tents, q few nights since. Loss $l,50o.
J VIZ wil! have IA additional supply OF Nc. of The
: ANGLO AMERICAN MAekz,sE on Wednesday morning
Copies OF No may still De obtained a, The Tribune oee