Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1862-12-04
-. eraw 800.

It will be seen By the Senate report of the proceed
ngs Of the Legislature that bill has been introduced
TO repeal the main provisions OF what known as the
aStay Law" think it is an iDjadicious move at
this critical period to unsettle the peoples mind relative
to pecuniary matters The Conventions, composed OF
tue ahest in the State, refused to make any ma
terial alteration in the law, and it was we'll 9naned
to Judges Of its merits The people have asked ar no
no change they content with the law and have
made their business arrangements under the idea that
the law permanent one until the close OF the war
II there any class in favor of repeal it is those pro
fessional gentlemen who live by County and Superior
Court litigation, and that greedy class OF spectators
Who are aDxously on the look out for sherfs sales
repeal of the "Stay Law is eagerly looked for by
those men who have no faith in the oa success OF the
South and oect upon the most trivial pretence to
ceive Confederate money In payment from their debtors
Every man in the community s aware, how eagerly
property of every kind brings enormus prices from
certain class of Dealers who after specu!apg upon the
necessitits the pool eager to invest their unho
gains in real estate they have confidence In Con
ederate money 1t is for the benefit of such the
foregoing to have the law repealed, that they may
the property of their more scrupuous neghbors
The present law has in great measure banls1ed the
system of long credits, and brought forward ready
money trade in almest every department OF business
decided change for the better, every business man
will admit. The "great righteousness OF money" al
luded to by the Governor has enabled large ajorty
of the people discharge their pecunary obgai Ions
but it should be remembered that this righteousness
has not extended to all cases The small trader, the
store keeper and the great body OF bard working me
ehancs and their families have been pInched TO live
much less to pay off Ceos contracted tef're the wal
began Repeal the Stay Law" and the humble
bones built by the hard earned savings OF years, wi
soon be under the sherfs banner at the suit ct sons
heertess rmorant Il is rght to protfct The proper
ty of soldier in the field. 1t ought to be recolecec
tnat large number young neo, and it would De 6
poor reward for their service 10 sell out the aged father
or the Widowed mother, whose inability to pay arose
from the want of that labor which baa been expended
for the country 10 the fsld. Il is humane maxim
law that it is better many guilty escape than ON
innocent should suffer and the same principle it is
much better that many dishonest persons should defer
payment than that large class of our industrou;
population should be delivered up to the slender mer
cies of hearess money lenders and energetic lawyers
aud cole ctos. Ia times like these, when people
are depressed in spirit and partial famine brought
by speculation, staring them in the tace it will rejoice
our enemies to hear that legislators inclined
add still heavier burdens that will give the rich pow
to Cypress the poor and perhaps excite general dis
content. Let well enough alone" is good maxim a
all times and seasons. State Journal.