Wisconsin herald. [volume] (Lancaster, Wis.) 1846-1849, 1846-12-31

him without knowing, that it is in the
debtors power at any time to deprive
him of all legal remedy to collect The
debt. The consequence is then, that
at one fell swoop you destroy all
credit Yes! say some 4 think there
are about twenty OF them) that is
precisely what we desire! They
have seen the abuse Of credit and its
evils, and therefore wish 10 destroy
credit itself. 1t would be about as
wise to say that we should not eat, be-
cause we sometimes eat too much. or
should not sleep because we some
times sleep too much, and that every
good thing in this world should be
prohibited, because it is sometimes a.
bused. Sir, all my reading and refec-
ton has taught me that those are the
best laws which tend the most to bring
capital and labor together, but by this
section you place them wide apart
Capital without labor is good for moth
| ing, because it produces nothing. La
Dor without capital in the present state
Of society is of little worth. Man can
do little with his bare hands. He must
have shovel or axe or some imple-
plement, and this is capital. The far
mer must have his farm, his agricultur-
al implements and his stock. and this
lis his capital. The mechanic needs
for his capital, tools and a stock in
trade. The manufacturers machinery
is his capital, and bow much more pro-
ductive is the labor of band there
than at a spinning wheel What, de-
stroy credit! Destroy trust and conf
dence between man and man? Make
every man an isolated being in socic-
iy! Would you reduce us to the bar
barism of Turkey, where there are no
debts? Would you say that the CAPT.
tai of the widow and of the orphan.
and Of the capitalist should lie idle and
unproductive, and thus impoverish
them! and that too, when poor man
needed it, and thus impoverish him? -
Is there a farmer here who could not
profitably use more capital upon his
farm? Have not some of YOU greatly
suffered for want of it? Are you all
prepared now to carry on your bust
ness and support your families, until
another years crop shall be gathered,
especially if sickness should visit you,
without mourning a single debt? Sir,
man is "a Disconnected being. He
dwels mostly upon tn evils Of his lot.
In the full enjoyment of health. he
prizes it not, but the moment the least
sickness comes he is loud in his com
plants. Thus have they done with
credit. which is not only the bond. but
the. distinguishing mark of civilized
society. aam lasf1 a- aee
But. sir, the evils Of credit have
borne no comparison to its benefits. j
have resided in Racine county for ten
years and during all that time there
has not been a single homestead sold in
the north half OF it, on execution.
which has not been redeemed. And
the farmers there have been very sell
dom sued for debt | appeal TO my
colleagues for confirmation of this
settlement. / believe that pinety-ninc
hundredths OF the credit given there
has proved beneficial. Now, sir,
majority of those who support this
section do it upon the broad principle
that all laws for the collection of debts
should be abolished. Is it possible
that in tie year 1916, in Convcn-
ton Of picked men to form Consti-
tntion for sovereign State, it should
be necessary to refuie such doctrines?