Weekly national intelligencer., 1850-02-23

be discharged by giving up whatever property ne may pos
That understand to be the principle Of the bib only
with the restriction that should apply 10 this particular case
Now would ask why Tor legislation after defaica-
ton has taken place Why not at once make law IN adj
and when any officer taking bonds let him see that
he takes the bonds Of individuals who have property sufficient
70 cover any defslca.ion that may possibly occur I
the you propose to pursue just as auch rs 10 say
eve will have security at ALL. And what Argument,
what there in releasing security and not the
whole Of them This is part of legislation At all times
odious and Government should not be partial Ihe sure
ties should be all dealt with alike. If Government releases
against whom judgment has been Obtained upon
surrendeng whatever effects be possess the same RUE
ought to be extended to oil others who similarly situated
am opposed therefore, any special legislation upon TINS
subject think will be productive Of good, and, Tor
one would greatly prefer that Government would never col
ect of this money than establish such preceden
you certainly will establish if you pass this BILL Inc
precedent sir rely upon it, will produce loss the Cow
eminent infinitely larger than the amount TO ee gained ny
the passage of this bill II that as the law Sands now
nothing be collected for thing this surety possessed
has already been taken and you get any thing more Is
Of his friends Let the law then stand as II is
There necessity that for any change, still less
any necessity for such bill this The whole amount OF
security $500 OOO and the object of this bill is TO release
this by paying 1000, and thus you release all the rest
Once establish this principle and there cannot be doubt that
you will interfere with all future securities the principals
will become defauters they will puroin the public money
because they easily do BY placing the hands OF their
securities sufficient to make them safe in case Of
any defalcaon would, therefore, say "lc the bonds
stand" will interfere for the purpose Of
releasing any individual by passing special act OF bank
ruptcy in his favor.
Mr. BRADBURY. think the Senator from Tenn,
Mr. TURN8r) should discriminate between the situation Of
the principal and the security.
The laws OF the United States require that .hen officers
the duties Of their Office, they shall give bonds
They them under the laws of the United States procure
individuals forward and become security for theit
faithful conduct the Government These urees have
interest in it. They forward to comply with OF the
Of he
motive for desiring that the principal shall Faithfully discharge
his trust If that principal proves recreant sound policy
ques that he should be punished hut the policy does
not require that the surety, who the principal sufferer by
his misconduct, should be further punished.
know this understand ii all The property
which be reached BY law belonging to these surees has
ties has friends vino forward and willing DO
than this. He willing to beyond his own means for the
purpose Of being dchargedha he may unfetteed
And there reason, when he alleges that at the time
of signing the bond he supposed that the liability to
divided amongst Others and that he had adequate
meet that portion Of the liability which would fall upon him
He forward and is willing. by the aid Of his friends
pay equal to the whole liability had the bon
executed he supposed would have been executed
This ia not the Of passing bankrupt act. The bi
authorizes the Secretary of tho Treasury to settle with MI
Quackenbos only upon such terms shall promote the 10
erests Of the Government This is not new case e'
eye that Congress has frequently authorized settlements
this kind aope theref no further opposition Will
made.
The bill was then reported the Senate and the quss,ic
was stated be On ordering it to be engrossed or thi
reading.
Mr. WHITCOMB called for the yeas and nays, and TN
were ordered, and hsins ia<sp, rssaitsde n
YEAS-Messrs Badger Bell, Berrien. Bradbnry, Battle
Chase Clarke Corwin, Davis, of Massachusetts, Dawso
Dickinson, Dodge Of Iowa, Dodge, Of Wisconsin, Green
jones' Mangum, Miller, Morton, Norris, Rusk, Sewar
, Smith. soule, spruanee, Surgeon-as - ~.
NAYS-Messrs. Atchison, Borland, Bright Lass, 1,a
Clemens Cooper, Davis, Of Mississippi, Felch, Hsmii
Hunter King Pratt Sebastian, Tnrney, Whitcomb-i6
The bill was then read d third time ard passed