New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-03-25
Homestead Exemption.

rnan baTDarisn Of so4ung lhe deOtof " ea9ls's '"
demand o. his creditor AID the more absurd and
reccn. enOrrniy OF shutting him up 10 JAIL " Be Al
expense 10 the creditor sud no benefit 70 bins Z
nor any body else, are nov generally exploded 10
stead Of deprising the debtor OF all chance To earn
a livelihood or 10 support his family, II Is the wiser
effort Of oar time 10 encourage him D. work ahd
earn by reserying OF bis proTefy certain house
hold articles Of prime necessity and bis I'm lie
rasn,s Of labor from the clutch os the sherh ~
And We nre very s1re that these exemptions
,housb somc,iBes abused have IN the man
o,e,s,el Justly tnd' bene6coutly A man
hitherto in easy cifcumstances IS often rem
de,ed BANKRUPT by misplaced confidence. by
eodorsing for friends, bya commercial reVuiSloN
or BY mistaken estimate 0. BIZ own resources
by FIRE, food some other calamity Vi
course 10 soon az il is known that he is unable q
osy. every body insists on being raid, and his re-
naming property is sacrificed for less than hah rs
worth fast when he most needs that It should CON
msnd its full value. Tie law, as II has been, steps
in. not TO protect aud comfort bot 20 harsss anG
aim him. unit he finds himself Tot merely des,-
,a,e Of property but Of the ability 70 earn any His
implements Of labor, the shelter oil his iarciiy
their bedding, clothes and cooking ware. are
s.aaged away and sold for a song; and he has the
pleasant prospect before him Of seeing anything that
he NAV hc able to earn carried off ami sacrificed ~
like manner henceorth, without paying his debts
or contributing sensitly toward that consumma'
ton Law costs ca. mp pretty much al that such
small matters viii fetch, and he is, IT leit oOt O.
prisop hardly better of than ifin i. Discouraged.
despair:nc avoided b. his sunshine friends, 10 Is.
10 the expressive language of the street, ruined
lie ,iuhs in stupid l-thsrey under the crushing
load weighing upon Linz and becomes feeble,
hesrtless ineiiicient--very often dependent on
the grudgel charity ofkindred, an dler, pauper,
drunhRId.
Public sentiment enlightened by observation an
reflection, has outcrown this policy and subjected
Il to many important notifications IMPRISONMENT
for Deb, Is nearly extinct; hb'rd exemptions "a
implements oi labor and houss furniture have
been enacted n most States, including our own
and now tue question is fairly presented-' Shall
shelter for wife and children, piece of gOund
.wherolrora TO crow their food, be added to the
present list OF exempted articles T To this ques
tioa we most cmpha,ically answer. Yes Let Tho
.bsnkrupts wife aud chillrcn have a shelter in
spite oil ma misOfiCNtS. LNl nun htHA hNNN "a
assured opportunity 10 iabos on and produce from
'thc soil now that hs other resources are cut oil
In our diseased aud unstable social condition. Ia
banker of to-day mss be the bankrupt of to NOR
row Let US all in pros erty remember the teach
ings OF adversely and he merciioi
Now we know all that may be said and have
said par, Of it, against the selHshness, the d.
honesty the gross culpabilty Of large proportion
Of the debtor class. We know that no man has
moral rqgkt TO give entertainments, to buy hno
clothes and jewelry, to nhabit a costly house and
live sumpluousy while he is or pretends to be IN
sbo to pay his honest debts. Such man - a
swindlnr, 10 matter though Hon is prehxcd to
his nGmo or ID D. appended t. Ii. We Will 80
as heartily and far any man for Furnishing HIM
as swndler but not for farming his family nto the
street on simple allegation OF debt Indeed II -
one Of our reasons Tor urging the further prosecu
tion of tho Exemption policy that we wish to see
loose idle, hvers deprived o the facilities they
now enjoy for running into debt. Credt, credit
every where-credh to men OF doubtful character
OF principles for articles that never shooh
be bought except by those who have the money t.
pay for them aud moro behind lt--Credt absorbing
half the movable capital Of the country in channels
where i, Ia least useiul-such credit is among the
sorest evils Of our time. Credit should be given "a
the upright, the frugal and the industrious ulyt,
farmers for farms, implements OF stock tomeohan
ics or artisans ior machinery material % for
warders aud exehangers to enable them 10 poi
chase produce with cssh and market !, scvan
tageously for MI parties. But credit tor silks N
amos and Brussels carpets-ior wines. liquors anI
perfumes this is sbor; as couiInon and as sxten
sive Ms de right sort, and it 10 bad policy to en-
courage sach by Legislation. We dbl hope that 4
mortal bow had been struck at such cred', by the
Naiioasl Bankrupt Law but faction and folly de
ssroysd that law just when Ito evils had been a
encountered and IT'S blessings were sboat to be eN
psrienced. We shall rejoice Il the same end il
reached, TO a more limited extent by Homestead
exemption
The last whig State Coaventiol, sssemhes
At S. rseuse in September. unanimously adopse'
the following resolution,
ReessS That " hle maintain the policy ana asie'
@adlsstmansnng rciE. with svicw to the Protection q
hone La,er We 10 no eoasder The vitality ror he Nita
VI frose,,ea exhausted hefvby. BAT shady wseoTe al
WI cordially support Al legislative n-s.uArs calculated l.
Ahsa ne easssa. ans n.ssso tbs ree~PeHss VI LshoI
Tva esssr, secgry Vf hOaes isaasry Sgsn. Ueod AZ,
rsessfy hroagh al extension and perfection Of Lea
u
seaare sassalasss In ITO relsneas aDc dSAias Of
In direct AMI obvious accordance with the spiri
and in,ent Of this declaration Of seahment Gov
Far. in his Message al the opening OF the pr,scn
session OF the Legislative. proaered the Nilowin,
hamsse and wise Suggestions
The humane ard policy of the safe meny SeS
sinex provided sxeseuoR IN ~ exeeaiea ~ sse Sss'
dy sees Ia lsyor of PERSONS berg eoUsshooe'e ~ -
,hQs eNeuptet h<s a. ysou. times seea cola
at eli ialesn favor persons eesog hoascAoeers ard >
eo0sshod es,sslshm~Ut and 10 prevvst The asurneef
rap1t OF nines Aaa yes he ~iss poscy Of the Law ere
fats II us Cbset ad he househod 10 ciperSe for a.
OF AZ sboSe wtee4a The pessufes 81 ~ nriv,oed 'sr
may soae be lSf 10 s~oesen Sbs Ec q scg>s'. si1
ebsr and hs eSfs IN their oeSTss ttl
tsstr mi-foriases hils ,6sy rvtsia ihe.F virtue.
Il hrs sdrrsaoa hlcn iUduces sue geti ~
th~s ,xiersVa ~ the pvseag eXcupcrs 50 as to eNear
foE tae Rpoc rxeeuro he premises Vecs ee - D. ne
s.esd. 70 in,,ed sshe>
he rnasi ca SGT Observance Of he ghs Of property,
az me VITO shln Of eoctgscis, shood caareeSrzo L.
sslafion a civilized sOVefuueat An essen la issiuir
hr9sfre ii ans law oS iAs purpose, sbosd he Ne Garcia
al ,erupuous ave dance Il the Ntoaion Il any "a sir
r,yhts Tho exemption sloald extend - consrse
male bofSte The .! The law oai sloed &c pro-
pxcliye IN lie oreTal and the Homestead saNaa hVa Dc
exsE.p, ,rOra debl ineQfIcd sor i;s refehAse
81 Admit thsss aaioRe The 9asids CO sSsO
ID. EsxmDion 10 sisg, a0seseF, epoa Tie WESTON V'
httk t,pff la