New-York daily tribune., 1858-03-08
In.,l...4la slq

The following circular has been issued from this city
10 th~ business men Of the nation, accompanied WIN
the request that they viii get many signatures to
peon 10 Congress IN behalf of It's object as they cam
"NEw, 'oRH, 1853.
"SIR: A general movement is being made by the
business of this city 20 bring before congress, a.
an early day, the great importance to our country o
securing the passage of general Bankrupt law, az
this present session.
As the measure is of a national character, and de-
nand alike by every business commu'dy, IL is conn
IDENTIFY hoped that those friendly TO the passage o
scn law IN not only their influence in its favor wh
their frepdsr Congress but Will also se, up petition, uron .he
subject securing gua -'s Thereto and when ane oI"s
Congress vi as little delay S possible N order ms
The voice Of The people may be heard oy our
Tic f1irds Of the proposed offer the following,
amor the nsny aTsumtnt IN ItIoI oI rs l , ,v
ard character ami creditors should have ,he right secured e.
them laws equally operative throughout the land by "hch
they share pro rata il the distribution OF a. nso''n' aeo
ofs' estates. -, Ill.,, /, =. ,r,i;o,s ard ,vb,,b
shall discharge the debtor from his liabilities upon the surrender
bis p,rty will not only e humane, and great public an
uusever,d in pelng he former 70 the energies thus geT
od,y released in rePsyns the losses q the latter
Third That the small dividends under the laws OF 1871
psd ll fom the isr iLa, the u,Gis Of 1871 were made
sequence had their asset. by family ying pecuaon
lave expenses, Ac previous to It's passage -
touyfh The immediate passage OF liberal bankrupt law
would not only secure millions Of dollars to present creditors
the active business community Thousands OF honest u
dustous and enterpsDR men lree from debt snd whor me
loss Of their business friends the entire destruction OF their
faculties by hopeless delay or itleness.
FVh The passage OF the proposed aw would operate 70 en-
trey superede the system OF preferred cFed9rs1 mo-
neylende takes not ouy precedence over aI other % aS
bb,' ,sry g. g instead If securiny Is,tu
and equitable justice, an equal division Of the ent' ~
Shth The immediate adoption by Congesso1.:-
will restore general confidence aud revive business at, t
discharge may again be Of 70 himself
ideu
and thus possibly be saved from ultimate bankruptcy
Serenh That from general observations made within the
months it /. asserted that majority Of the bust
mupity the present time are y OF the opinion thM
the Bankrupt Law Of 84 shold not have been repealed bat
simply amended In Of is provisions had that been done
and te law remained upon the statute book to this day Il
wouo be looked upon not only the great sheet anchor Tor the
Protection Of the cIeco- put as tho uot conservative .w Of
"u frwadns til. circular to you address the Committee
having tl charge Geyc eq est that you aud others
nGy to tie froPoed law vii 1te % a. a 0aJ sl9 yo q.
wishes known in Congress on ths great subt That oil re
nat eaG1 should kuo" a. ieqa'yy WY a Iog ] ' & s+t M @ p
dored X oiRe's 9nd Is NeE IIs :, iss s % o.
here have the dongs o other places made known here
tor the purpose Of radiation to s.l other points.
you ieudy the and if whether you 'd yor
dtess, CENTRAL COMMITTEE,
" Box No. 4jl NewYork PostOHi,e."
Mr. Satterhwate's Circular by the Europa says:
We have 20 note aey increased inq Try for American Sc
cutes in London past Ne York and Erie Bonds
Michigan Bonds have been in strong demand adj
vanced York Central Shares have risen TO 81 on the
psymen of cent dividend aud the statement oil
revenue sccon Illinois Central Share quiet .mer raes,
closing firm a, 5 20 discount. -
Conols close at g7 for Money aud 97l for Account.
GOVERNMENT SECURITIES. lGt Wn Of Can o. 76 ll0dllb
l. Loan 6s 1863 lC3 ld5 OF Wnof Can6s rs lGj n l0
L. = g. Coup 1868. lS ln Central T. b.. 50 81
Canada Sterling. ia us ILL., Central 6s 7j... 80 n ~
CITY SECURITIES Ia. Central Is, 80. ..8218ixc
New Orleans &C. 1913 I III. Central shsres.. n dis
RAILROAD BONDS AND SHARES JOLT " Ind 8s7i IS u 20
Belyde Dele 6s ~. 60 int Aficn Cent b. 6O ~ % "
Gin, II. D. 7s go. n 80 Mich Cent 8 69. 81 % gJNc
Detroit NIL 70, rs. G2 a % Mich Gent 81, b. 90 81
Erie 7s lG5jeK coup. 70 78 Mich Cent shares 81 on
Erie II, l87....... % a 81 Mich SCUM 7s b. oV UIO
Erie 7s l662.. % 81 N Y. Cent. 6, 83.... 81 q S6
Erie u, l675......... % 20 ~ " T. Cent: ConVert -
Erie shsres...... ~ n 2S ble Is, "a 93 n 95
Gal Chic y. 'G3 . 80 a IS ~ Y Cent shares. 81 0E3
ca IL of Can 6s 84QS5&inI Penn IS az n 81
Penn. SteElg 6s, "a. 80 % 30