Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-01-10

be fair reciprocity trade and no unequal awsthe weak
protected and the strong restricted. The effect Of this
would be ~ favor OF money Understanding preiext
for covering loan the poor with mortgage
on his homestead. This would certainly fellow, be-
sides other abuses that have been complained Of by those
States that have adopted IT,
These arguments force me 10 the conclusion that the
law be Of no benefit to the man shat il now moor Il
can only meet the of the down spectators
and Public-work eontractosmen that have owed
nigh circles ct s but have become undered and broken
down in their ambitious schemes and These
are the ones that appear to have sympathy. This
will admit is in accordance with the past history Of man.
kind One man that may have been great has
receives more symPsthy than thousands that may have
always remained poor and destitute and have never risen
up to the common level cannot why law should
be passed for their benefit alone, when has injurious
bearing upon al others
In proof that the law fair in its operations uhy
does the Stale the right 10 sell the sacred home
stead for taxes! Are her claims mcrorous than the
man that has sbored for fifty per day. furnishes
nm with The necessares Of life II others and
trust the mans honesty, why the State do the same
and not practise the oppression she condemns.
may be wrong in some conclusions; but it is certain
we VIII lose nothing by delaying while. Let wait
and get farther Instructions from the people, examine its
effect upon the that have adopted it, consider well
who will be benefited and who injured; and am con-
WINGED will give better satisfaction than we could by
hasy and imperfect legislation upon subject Of such i'm
portance.
Mr.. Orr moved amend 50 that five hundred dollars,
worth Il personal property shall he exempted.
MI Or eoniended thai the BILL Stood would not
benefit the and his Legislation .houId always be
in favor Of this class Of individuals.
Mr. Lane favored The amendment contendng al the same
time that he doubted whether time had yet come when
q Homestead bill should be passed.
Mr. Dvdd sad, the Of the amendment mstook the
object OF the bill II not bill TO benefit solely The
of their debts exempt property from execution be-
longing 10 men who will not pay their deblsbu the object
OF the OIL was TO prevent the lands in this Sac from plss
ing the lands Of few meno the hands Of
and 10 make homes for the many.
The agumen, that it would make two classes Of land
holders aud tenants could not be susained the effect Of
the bill would be every man land owner III the
amendment prevailed the effect would make men care
less oil owning land aud there would be less far
them to acquire home leave theiI The princi
pie OF Homestead exemption o make every man
and owner Tins was why be in favor Of it, though he
od not believe that the time left TO this session would
fee to pei feet a bill.
The question agated and urged during the last year
az one TO be submitted the Convention which would meet
10 revise the Constitution OF State and though he was
strong hIend to the iucipIe Of exemption he
thought bad better be deferred until the meeting Of that
Convection
Mr. supported the bill and opposed the amendment
because The two subjects should not be embraced BILL
He IN favor Of exempirg personal property
cuiiOn but did not wish enbaas this bill with that
provision He believed that this bill would benefit the more
honest portion Of citizens He trust man.
who had forty Gf land exempt from execution than
who had larger possessons and who might any time
make conveyance He was in favor of giving ever
home, which could from him-which no
sharper would be able TO wresi om his hands, II would
make better citizens honest men, and men yene ating
dearly cherished institutions.
Mr.. Doughery Of B. took the ground that all persons
should stand on an equality The mechanic whose all is
invested in his implements Of trade equally entitled to
have $500 exempted the who forty broad
or land In opposition TO the bill he said
pesled the law exempting hundred aud twenty dollars
worth Of personal property fom execution all
sppIaement laws lie might possibly be mistaken in the
provision OF the bill repeating the exemption of 25
Of property; but was at least ambiguous But be that as
II may IL made difference. He asked how would men,
bes like TO home to their constituents after passing
bill aud be told that one with bis forty and
hla kaA
neighbours PERSONAL effects must be sold the fahng,
leaving him peunyless the cold charities of the world
Mr. Nibaek thought this bill should be deferred until after
the Convention lie was In principle in favor Of home
stead exemption but the bill such one he
would he glad support The bill did nvidious
ostncion and II The subject 10 be urged, at this time he
would feel bound for the amendment believing
same time, that the subject should be deferred.
Mr.. Brown OF r. conended that The amendment would
destroy the BILL This bill should stand disconnected from
all other exemptions which might in other bills
The object of this bill was to men 10 them
selves OF feehods which would make them better citizens
he surprised al the quarter from which opposition
against this BILL He had thought that homestead exemp-
ton had become part Of the Democratic creed 1t
only the Democratic creed Of the present day the
doctrine Of Jefferson than forty Yeas ago. he
commended that citizen should have freehold
could not be taken from him. He denied that the tendency
Of this bill would be to encourage mortgages. No mortgage
can be given without the consent and signature of the wife
he denied that II would iDjure the poor The
States that had taken stand for law Of this kind were
not viewed in this light He thought would to
delay until after the Convention The bill ought be pass
ed that IFS defects might be investigated the Convention
MI. Brown Of S. opposed 10 the BILL because he be-
leved it opposition old fashioned doctrine of
the Democratic party that should legsate exclusive
ly for The itch.
Mr. Goodwin supported the amendment because he be-
eved the bill repealed the hundred aud twenty-five
Lar exemption, AID would operate unequal!y.
MI. Alley denied that this bill, as IL stood, such
democIatie measure ths gentleman om Randolph Mr.
BIOwn conended He appeared TO think that he had made
geat discovery and held up his bill the great Demo-
cratic Of the and what IL bill protect
the landholder, while the mechanic and others holding
promised protection after awhile For his part wished
all protected The bill without the amendment, would be
puiIid mass Of corruption, ia has Democratic eye.
Mr. DoUgheIiy Of E. in favor Of homestead exemp-
but would bill unless
teeed fhe men that owned no real property in Indian,
adversely others He would therefore support the amend
meui, aud believed bill toud pass without it, With
gard To the general principles Of the BILL he remarked that
The States Of had such protection property aud
policy should be such drive population beyond
borders. bill Of this kind should pass because
rounded by the credit and paper system Of the
we are liable Ia equen fluctuations, and should guard
the people against snch disasters.
Mr.. Stone opposed the whole bill 1t had been conten-
ded that would stop the credit system This he denied
for under the competition in business, this country cred
IL would always be obtained for il denied another
would always he ready te give credit Our country
different from Europe where the rich born so where
born poor they must rensln poor all their lives. Here
the spirit of industry and enterprise sufficient pro-
lection. Being related the Friends he would speak
right out He believed the State had been egislang long
enough Tor the debtors; the legislation should take
place IN favor Of the creditors by aboIshng the relief and
sppraisement laws. He had been justice of the peace
for FIVE and bad but very little money collected
time, execution.
Mr.. Orr withdrew his amendment, and offered mod-
hcaon that persons not holding real estate. should
have $500 worth Of personal property exempted, it, at tbs
possessed Of that amount
Mr.. Orr supported his amendment, and commended that
the bill repealed the present exemption of SIPS. and
truly whited sepulchrc. With the smendmen:, he
runuld CHI h. L..