The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-11-14
For the Daily Gate City.

"The nkrupi Act - Isai..-Shan
We have Anoshcr!o
Id your paper Of the 18th inst, this ques.
ton was asked, and concluded against the
re-enactmeut Of the law.
The reasons given were that the reckless
and imprudent would be relieved from their
debts, and their creditors injured in proper
ton to the relief. That not more than 10
per cent. of the Indebtedness would be paid;
that some would smuggle their property md
become guilty Of perjury.
Bad men always have and always will find
means to evade the Law, and because good
law is sometimes abused is not sufficient
reason for repeating the law. The question
should be, is the law of general benefit If
so, ii should exist. And for q moment let
US take calm view Of the state Of the coun-
try and, from the intelligence We have from
New Orleans to Massachusetts, and from N.
York to St. Louis, the crisis has reached
every city and village, and the entire bust
ness power Of the country has not only suf-
fered pressure, but has staggered and fell
in one universal crash, burying with them
the labors Of half life, and, probably, in
the general wreck, not leaving more than 10
per cent to apply to the general indebted
ness. In such state Of circumstances, can
the nation consistently grant relief2 Are
all our business men dishonest, and is it our
consequent duty to remove them from the
duties and benefits of honorable business
They have been crushed by the vcissitudes
Of trade, which struck them like 40 ava
lanche perhaps they have been imprudent,
but where will you find an unerring fore
sight And the question seems to be- this:
Shall those men be lost to the state and ma
ton, or shall they be- restored to business ac-
tivity untrammeled.
Now, let us suppose THAT in the general
wreck 20 per cent vt the entire indebted
ness has been lost, 10 it possible for man,
however honest or DETERMINED with but ten
per cent. left, and with an execution hanging
over him, to make and pay the 30 per cent.
which is due and on interest2 We think be
can never pay it and provide for his family;
and the reckless man will never try to pay.
Now, would ask, what injury will the pub
lie suffer by granting reliefp Those who
feel the moral responsibility Of debt will
pay as coon as they can make is, and those
who do not, will smuggle their property and
defeat the execution.
We gain much by relieving those who are
worthy, and lose nothing BY relieving the
others, 80 far as the debt is concerned.
A MopEL.--The following Thanksgiving
Proclamation by Gov. Chase Of Ohio, is,
iie all the productions OF his pen, model
in its way. In pointed and elegant style
j, sets forth the object and duty Of Thanks
giving in manner that every one should
remember when that good day comes
In accordance with n venerable usage, and
in compliance with just public sentiment,
invite the people Of Ohio to observe Thurs
day, the 26th day OF the present month OF
November, MS day of Public Thanksgiving
to Almighty God.
To Him, who hath sisited the Earth and
blessed it and hath made it very fruitful:
To Him, who hath crowned the year with
His goodness, makiag our valleys to stand
thick with corn, and filing our harms with
plenty
Do Him, who hath greatly blessed us in
the increase Of the ground, and in the gath
ering in Of the fruits thereof:
To.Ilim, who hath defended US from the
pestiiencc that walketh in darkness, and
from the sickness that destroyeth at noon
day:
10 Him, who hath given us peace in NIL
our borders, protecting us alike from for
eign invasion and from internal commot ton
To Him, let III all, assembling in places OF
public worship, or gathering around the do
nestle affairs, present sincere offerings OF
humble alteration and grateful praise; re-
membcring that Us We, being needy, have re-
| coived abundantly of His bounty, so ought
we, cheerfully, to give Of our abundance to
/ them who need; and invoking, earnestly, His
! gracious fnvor, that We may walk before
/ Him, continually, in the way of His com
mandments, to tho end that His blessing NAV
remain upon us, and upon our children, and
upon the good land which lie hath given US,
forever.
LunIKR IN MieucAS.--The Detroit Tri-
bune has published full and accuraee state
/ ment OF the lumber business ia the State of
Michigan, showing the great extent OF the
business and it's yalue. The recapitulation
is thus given:
Total lumber on Eastern slope, 446 ,0O0, 900
Total lumber on Western slope, 33S, GOO, 900
Total lumber on n. Peninsula, 3o,0O0,000
! Total, sl4, COG, 900
Lath on Eastern slope, l64,60a, 200
Lath on Western slope, l26, JOG, 900
Total, 900, 900 900
/ Aggregate value OF lumber, $9,S65 300
Aggregate value Of lash AS, 600
Total, $lO,34l 200
! Aggregate of capital employed, 6,ll8,50S
1 The shipments Of lumber from Detroit to
( Chicago, Cleveland, and other American
! ports, amount thus far to q, l22 900 feet,
and to Canadian ports 20 ,2IU, 900 feet.
~----------.-----------~---a--@~
Hog Paeking IN Cincinnati.
The Cincinnati unzette, Of Tuesday, no
,iccs the commencement, Of pork packing OPP
erations at that point:
! The weather having turned cool, and be-
/ ing favorable for the pork business, two Of
! the Strengthening establishments commenced
I operations this morning. The Cincinnati
House kiiiea sixteen hundred head, and had
1893 in the pens this evening. At another
i house about 200 were slaughtered. Should
the weather continue favorable the business
will progress without interruption, the arri.
II kat, Ia IA Al a