Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-06-04

prCHMOND EkQGIR En-,
a,rerr,n EyEMpTIoNs.

,c,; ,a, ;s now exciting some interest in connection
~ tho rorm proposed to he brought, before our e'a'e he
,-. c,;on Sixteen States have already adopted me
no;cv of exemn,ing homesteads The new State oil WIS
cors;, bss adooted constitution embracing III 'ne
irnproyemen,s in legislation ana among i'e', u.
stead exemption the extent oil Az acres VI ""N :" Wv
,- =. =, house and LOT, valued at sl0uu IN Il lo"h vi
city =, c; homestead
of eacb head of family, OF vaiue not eA'''''s
oa,a 49, occuon on any Judgment or decree rendered
in any couse of action accrung after the law taxes
anv he,d Of family who is not the owner OF homestead
;:,, . h,a exemp, from execution, or sale as aore-
;a oh,,;col tools or a team and farming utensils not
xcood;, three hundred dollars in value IN ADDITION u Tue
Amount If cha,tel property now by law exempt
Tho \ q picayune gives the leading provisions oil the
New York act TO keep household together by securing
permanent household families secure against Inc
lions Of trade and the nnts OF msionnes oil ie la'he'
The Pcayunc says 900
After the first of January next The law eSempts rom eav
c,on and sal. for debt addition 10 other property no"
ayann, hv lax the and buildings thereon, occupied de
residence By the debtor and his family To The vaue oi o
bnnsand dolors The exemption is to continue after e
a,h NJ snc householder for the benefit OF the wl"" anu
family while in their occupancy until the Youngest emu
becomes wen,yone years of and 'nll Tue deah o w
widow No release waiver OF exemption 10 oc 'au
unless the same shall be in writing subscribed ny suc"
homsehodcr and acknowledged in the same manner az con-
veyances OF real estate are by law required 10 oe
lodged. 49,, . ,; :, o,ust hc in
serted IN The conveyance that ii is designed To DC eu as
homestead under the act, and must be fecoFoeu III
Whom an execution is taken against housciloldef
where the homestead is of greater value than one thousand
dollars the sheriff. where the property IS divsoe' my
mon Jury and of portion Including Tue u".mi"s,
roua in value 10 that amount and sell the remainder Where
il is not dvisibe he may have the whole valued WIN lo
of redemption at The assessed value tss a
a the del
that amount out of the proceeds Of the sale, ana e'
until reinyesed homestead but no longer ''ah one
year. .--.oI c,- ,ha
main object the general principle ha family sa pe
KEEP, together by the reservation I" nome VI leasoo
value free from execution for deb Is oGnaed on
ed principles will be productive of happy results ana Is
lined TO become fixed part OF the social system IN our own
country i, - d., ,,
lions of debtor and creditor The law should OF course and
in New York we believe does provide against any retro
pective character All liens existing upon real estate, p
nue Notwithstanding the change OF the law. mere WIN
pe we suppose Inconvenience in the change, and pro-
badly while until the law Is fully understood ana me
system of trade has adapted tseli thereto ihsapptie'Ss"
sill sometimes lead To actual injustice. II Will he some
time before is universally borne in mind IN dealing WIN
heads families that their apparent means are mol always
available the creditor and thai they are 10 be trusted more
from their personal qualities of industry and Integrity than
rom actual possession Of an unincuoered tenent
But in Judgment, the ultimate effect IN making cft'i'
more discriminating, is ot the advantages Whch it
homestead exemption promises Instead OF enabling men !"
add 10 their debts and deaud their creditors as many sup
pose il will have wholesome influence in checking The 81
tension of credit and making il turn more upon knowledge
and approval Of the individual than upon his ability /" r.
Spond IL coercion.
The positive value Of such provision for household pro-
lection is ncalcuabe. 1t will encourage thrift promote
industry give fixed habits, and encourage the CROWN ol
those domestic which are the safeguards OF private
happiness and supporters of all public virtue viii give
new strength that attachment for the soil which Is The
strongest clement patriotism, and multiply INFINITELY an
the inducements and opportunities for the training Of The
young under afieconate and unceasng guardianship !"
the best discharge Of their duties 10 their country and their
Fellows.
The permanent good of such system of fixed homes far
ouweirhs temporary evils OF which the change OF svs
tenn might cause and hope 10 II the law oil the land
everywhere.