Kenosha tribune & telegraph. [volume] (Kenosha, Wis.) 1856-1859, 1858-12-23
KEN0SHA, WIS. THURSDAY, DECEMBER %. 1853

fuse or neglect to therein, he shall be liza
Die to fine of ten dollars" This act was prob
ably drawn in an age when the newly elected
officer had somo modesty, or doubted bis ability
te discharge his duties, but who, under the plea
of ''other infirmity, " has for years past claimed
to be excused, for want of mental capacity or
moral integrity, from paying the fine. That
suit is yet to be tried.
/ Observation and experience have proved that
stringent collecting laws make honest men, and
every enactment that tends to place the creditor
at the mercy of the debtor, is an outrage upon
both public and private morals. It's weight
upon dishonest delay is trifing, while upon
honest endeavor it grinds to powder The prac-
tcal dealer treats them in bargaining alike, and
aims to make profit in proportion to the risk
he runs; and in the end, the honest debtor pays
for the dishonest mans delinguencieS. Thus the
honest man pays as much for the loan of money
as the dishonest man promises to pay and be-
| cause of such dishonesty, and the failure of our
laws to enforce obligations, interest is go ruin
Gus, and the price of what is consumed SO ex-
Orbitant Thus it affects the price of tea, cof-
fee, sugar, cotton and wooden goods, leather and
iron, raising them above a fair standard, and
depressing our productions of grain, pork, beef
and lumber, below the price of other markets.
We have liberal system of exemptions from
forced sales on execution; yet how many con-
scientious debtors ever resort to it Do not
ten, yes tUenty, use it as shield, who could pay
if they could, where OSs honestly claims its pro-
lection Add to the positive exemptisns of
both real and personal estate to the debtor, ,how
much real estate must = man have, 30 give him
credit when money is from 10 tie so per cent,
and the following law meeting the creditor as
bar to his collection of the debt!
within two years from the time Of sale or
execution the real estate so sold may be re-
deemed by the payment of the sum bid OH the
sale, together with interest from the time of
such sale, at The rate of ten per cent year
If not redeemed within two years then within
u months from the sale Judgment creditor
may redeem by paying the money bid and SeUen
per cent and acquire the right of tho original
purchaser"
This is eur system The medium expect
ancy of human life, from any given period, is
seven years and would it not have been more
philosophical to have extended the time for re-
demption seven years, so that the prosump ton
might be, that both debtor and creditor would
be dead, when the eventful period of redemp-
ton should arrive?
Ii debtor intends to redeem, he can as well
ana evidently better do it in one year than in
two; but if not, he rsaps premium OF free
rents for q months, strips the land of fonces,
timber, buildings-then puts the unfortunate
bidder TO few years Of expensive litigation to
obtain possession; and this for the lack of laws
attording short prompt, and cheap relief
Interest at the rate OF seoen per cent. shall
pc received upon judgments" Thus by reduc-
ing the claim to judgment, the party is but off
by the law forever, from the lowest rate of in
8sreSt our merchants charge on account current
with their best customers
These statutes not a 1.-THE of those that
have like pernicious influence upon credits
and public and individual prosperity. Others
in the future will be advcrted to- l.,