Wisconsin herald. [volume] (Lancaster, Wis.) 1846-1849, 1848-12-23

genuity of lawyers, to evade The law and
give the creditor firm grasp upon the
debtors property. Notes will be given,
containing a warrant Of attorney, empower
ing any attorney to appear before court and
enter zap judgment upon The note " hen due,
with an express waiver Of all benefit of ex-
einption laws, and Of all exemptions, errors
or rights Of appeal. Whenever the creditor
can thus beat new and safe path into The
debtors r.ackets, credits will lie rather in
creased than diminished. Will it relieve
the poor' Yes; IT will eventually relieve
them of what lille property they may have.
II will place the creditors hand upon the
poor mans throat. The debtor will not be
shielded by The delays Of courts or the UNI
certainty of the plaintiffs proof, or the pres
ent exemption from sale of the absolute ne
cessaries of life. By the signature OF his
name, by The scratch of a pen, by his mark
il may be, he will mortgage everything but
his muscles, flesh, and bones. If he buys
a coffin for his child, and cannot pay down
for il, he must give a judgment note. If
he employs doctor to visit his family, the
first thing is judgment note. The mer-
chant, too, will require Il judgment note /;
for The iatc has iefl these creditors no other
possible remedy, but judgment note, or II
mortgage, which is more expensive.
Win this law change the course and meth
cd Of business? II will. Account books
viii he laid aside and ledgers become obso-
lete. Instead Of charges being made, pledg-
es will be taken. Men of ready means will
continue to get short credits still, kept up
on temporary pass-books but the most of
those who live rather beyond their income,
and are toleraby "har'l up" will have TO
give pledges. Ii will rather diminish conpe-'
tition in mercantile business, and use up
small traders who now buy upon credit
abroad and sell upon credit here. Merchants
who buy goods will buy with cash, and can
therefore afford them lower. 1t will proba-
bly, cheaper goods in the end. 1t ought to
1 cheaper goods because The merchants will
buy cheaper and loose much less by bad
debts. Thus far, il will he beneficial at
least to those who now pny exorbitant prof
fits on goods, to cover the merchants losses
10y bad debts.
WIN this law be satisfactory Il will
not because il will result in placing the
poor, that j., the minority of us, under the
thumb Of the creditor, anl give every SHy-
LOCK his pound of flesh" EVENT. il draws
+ also the hearts blood. IL will satisfy shar-
lper-, because il will enable them 10 lay the
I iron grasp of the law upon the poor mans
throat without dollars expense. Willthe
law he repcaledi OF course il WILL 1t Is
based upon false humanity and u false prin-
ciple of credit. In our opinion, ~ the *.
! tension oi credits ought Ia he voluntary, 81
ought the paymen, al debts. We ought to
/ trust men--not property char eicr--not
ehatt,ls. We shall never have the right
/ tone of moral obligation aud high sense OF
Justice and honor, until men are trusted
rather for what they are than for what
they hare Repeal collection laws, and
most men would seorn avoiding the payment
Of debt, rs they now do AN imputation of
larceny or of u wiltu trespass.