Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-06-28
Buchanan and the Bankrupt Law.

We have been repeatedly asked whether or not
Mr.. Buchanan sustained the Bankrupt Laws thing
80 specially repugnant to Denlocratic scnsbilites
We find the following on the subject in the Knox
vile Wing, which will speak for itself:
We propounded some questions TO Democracy last
week upon the suescs os she connseon Of their Pres
dental candidate with the Bankrupt Law; and W,
have held them In suspense now. Tor week viii give
them the record. We have In our possession old bound
volumes Of the Commercial Herald and Pennsylvania
Sentinel the National Intelligencer' Richmond whig
the Boston Courier, the Bostoa Atlas the Louisville
Journal Niles Register and other valuable journals Of
ls4o, and prior to that In word, have the doc.
ne"t', and We are posted Well, In the Pennsylvania
Sentinel for March 3, ls4o published in Philadelphia
hare the debate In the Senate on the Bankrupt Law
which commenced on the stth Of February. Il
Mr. Webster led OF In defense Of the law and gave the
character Of the petitioners asking for such h~. Hs
took the ground in the argument that States could die
charge oankrupt and that therefore, the General Go
vernmcnt should do t. He then urged that such law
should be passed would apply to all persons whatsoever
and went into an examination Of that bill to show that
would meet the case.
Mr.. Buchanan REPLIED that he did like the features
Of the b and should vote against It. ale had
the other House. many years since the friend Of BANK
Rurr LAW. The subject before tho House when he
entered that body twenty years ago The machinery o
this bill SO complicated that he would not support f.
That his complaint against the system now but he
was oea 20 and should be coxvIScgpi
He cared but little for the honor OF being thought conss-
tent upon such question this, for he open
victon, and might Tor good reasons change his mind
What he said he had thrown out as suggestions 10 the
Senator OF Massachusetts, and the judiciary Committee
to whom petitions had been referred"
We will say how Buck decided TO act-but as
excuse for him, in not wanting support many
odous measures at session. will that the
9th OF March, in reply TO Johu Davis of Massachusetts,
Buck said that Germany example worthy of mi-
tation-that the PRICE PRODUCTIONS
REpUCEp-hat IL would he well for IL We could RI
the wages OF labor TO the price of GERMAN
by being enabled 10 manufacture piece OF broad cloth
for FIFTY DOLLARS, instead of one hundred dollars !"
On the 9Th OF March, ls4o, when Buchanan rRI To TO
Banks and Banking Mr. Davis replied that the remarks
well the denial OF Mr.. Buchanan, were "uScouRrE-
oUs UNJUST, USPARLIANESrARN, AND SUCH AS 80 GEN
TLEMAN WOULD HAVE BEEN GUILTY OF
Mr. Davis then called upon Senators decide the qucs
ton OF yeracty between them-and Mr. Preston, South
Carolina, up and panked the lie upon the old Penn
S,lvania Federalisi
But not done vet On the I'd Of June 1910, the
South resumed the consideration OF the bill establish
system of BANKRUPTCY, when Mr.. Clay, OF Alabama De-
mocra) moved 20 strike all that portion of bill
which ALLOW ED THE BANKS THE LAW
This did old Federal Buck he wanted to favor
OF these villainous corporations in Pennsy
Here l. the decisive of the Senate upon Sc rking
out
YEAs-Messrs. Anderson Calhoun Clay, OF Aiabama
Clay, OF Kentucky, Clayton Crtenden Cuthbert Davis
Dixon, Fulton, Huntington, Henderson, King, Knight
Lumpkin Merrick, Mouton, Nicholas Phelps Porter
Prentiss Preston. Robinson SEWER Smith, of la South
ard. Talmadge, Webster-2s
NAYs-Messrs. Allen, Benton, Brown, BUCHANAN,
Grundy, Hubbard Pierce Roane Smith, of Conn., Strange
Sturgeon, Tappan, Walker, Wall, Wnght-l6.