Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1858-05-07
TOOMBS' BANKRUPT BILL,
WASHINGTON, April 81

WASHINGTON, April 80
Mr.. Toombs' Bankrupt Law is being ac-
lively considered by the Judiciary Commit
tee, and it will, probably, be presented to
the Senate next week. 1t is understood
that it will be general bill, including
individuals, corporations, chartered banks,
and any association of persons authori-
zed to issue notes, bills, &C., &c. 1t
will provide for voluntary bankruptcy, and
will be retroactive. The retroactive feature
will be guarded so as to exclude all who.
subsequent to January last, or any other
time, have made assignment in contempla-
ton of passage of II Bankrupt Law,
and which have given preference to one
creditor over another and the bankrupt in
such eases shall not receive discharge unless
with the consent of the majority of the cred
itors who have not been so preferred
The involuntary bankrupt applies to cases
where the debts exceed 1000 dollars, and the
the person declared bankrupt is entitled to
trial by Jury. All transfer of property of
any kind for the purpose of giving any cred
itor, endorser or any other person any prefer
cnce or priority over general creditors, to
be sued for such amount as assets of the
bankrupt. With regard to banks
and other issuers of paper money,
they are to come under the head of
involuntary bankrupts, and in addition to
oil 1;,b;I;t,ns ,rh;,h
they may be declared bankrupts for the non
payment of ten days for any bill, note, or
other liability. All the expense of prosecu-
ton to be paid by the parties interested, and
under no pretense to be paid by the United
States. These are the general features of the
Bill. 1t is to go into effect next November if
now passed
WASHINGTON, April 80
The weather is delightful, and crowds are
hocking to the Capitol.
Messrs. Thayer, Gooch, and at least fifty
other members have paired off to leave for
brief visits home, after the vote on the Kan
sas Bill
In the House Mr.. Bonham of South Caro-
lima. moved the previous question on the
Conference Bill, but has permitted Bryan of
Texas, and Shorter of Alabama to retract
gracefully from their position,
Mr.. Campbell of Ohio, claimed the
right to speak, but Democrats objected Mr..
Campbell, in speaking, went back to the
Repeal of the Missouri Compromise, and de-
fined his position. Then he denounced Mr.
Cox, of Ohio, for beating an inglorious re-
treat in the House vote. Mr.. Cox replied,
and an excited skirmsh of words ensued.
Mr., Lawrence, of Ohio, joined in the discuss
ion, and general row arose, with outcries of
Question" and " Let them talk it out"
Mr. Haskins' denunciation of Cox provoked
an angry personal discussion, during which
there WAS at times great confusion. Alta
quarter past two, Washington time, the vo-
ting commenced, and the Bill passed by ll2
yeas to l0S nays.
The Senate have agreed to the House Con-
ference Bill on Kansas by nine majority
MIR. Wilson announced that Mr.. Summer
was at Philadelphia, that he had had re,
lapse, and had paired off with Mr.. Fitch
who had gone home to sick family, JEFF
ferson Davis was present and voted,
The Senate passed the House Deficiency
Bill by nine majority.
EvESNG.-The opposition are not at all
disheartened They are confident that the
people of Kansas will reject the Bill The
Democrats are jubilant, several salutes of
thirty-two guns have been fired, and the
President in 10 he .aransdad to-night