The New York herald., 1862-01-29

insolvency laws Of the State and call upon all insoyen
for contribution, declaring that this Legislature will not
have received circular do not believe In bribng the
| Legislature, and through OF those who received
.h nS on suo am enabled 70 Iurnisn COPY %
contained in the circular full with all tho internsa
tions and special marks. II speaks for ITSELF
ALBANY Dec. II, 1851.
DEAR SR-At the approaching session Of the Iegiss-
ture II Is proposed to make effort 70 have complete
change made in the insolvency laws Of this State.
As they now stand. discharge from liability under the
law almost IMPOSSIBLE and II Ia proposed to change
thsm that honest but unfortunate debtor may be dis
creditors
OF discharge under our state law could ope-
rate against foreign creditors unless such creditors
should elect to come in under tho law; but it is
intended that the law shall be framed make that
their interest You know how much need there is of
some such law, and will probably agree that the
time s proptous for its passage. canmo, horer, be
accomplished p'thom money. and the TO furnish that
are those Dho are TO be benefited thereby.
The enclosed will show you the plan Of action proposed.
or course your plan OF action to be effective must be
You will please have the within petition signed as
numerousy and as strongly as possible, and forward
them to Charles R. Lee Albany NJ Y. associate counsel
1t is proposed-1s To repeal existing laws Of assign
ment and insolvency I'd. To introduce bill, being
prepared by counsel which will provide for the prompt
discharge every debtor making full surrender of his
assets for the benefit Of creditors without preference
Sd. To make it optional with creditors to close the
estate through the court by the debtor under the
inspection oftwo or more creditors, chosen by them
thus ensuring economy in abrdgng law costs. 4th To
make an equitable allowance to the honest debtor pro-
| portion to the per centage paid by his estate.
spropOsed to have this bill introduced and passed
soon as possible so rs to afford immediate relief to the
debtor.
inside kernel to this affair." the real milk
in the ooaconut The above that which is contained
on the first page Of the printed circular refers to the
nfcant fact that tho object cannot be accomplished
without money and how do they propose to get that
On an inside page of the circular question is the fol-
| lowing, which answers that question FOR it6ef:--
| [ConGdentiai,l
The cos, to be deaye Sy o no, s.s
en) each from all parties favorable to the passage Of
Tho party to whom this is sent, to be empowered to
collect subscriptions in his neghborh and to
init the same less twenty per cent for his trouble,
and addresses of subscribers, each of whom
| the Treasurer will send his receipt.
For the good faith Of this proposition refer to- &c
leave out the names of the four persons named as
reference, who that have stood high in the
nation Of the public until able to ascertain whether
they really have consented to permit their names to be
The object aimed in securing the passage of a law
for tho relief Of the honest debtor certainly just
wise and this, any other Legislature Congress-
will not pass law necessary for the future protection
Of the people, Of the the
cate, without money, as II Is indicated in the circular
then is time that the our Legislative halls
and the Legislature Is abolished public nuisance and
altogether TOO luxury Tor these days OF revo
| accomplish another purpose The lobby is poor and
dead broke thus far. and here is plan to raise tho
funds They consider that the depression in business
has been such since the rebellion commenced, that
large number would willingly contribute the small
snsSl. them to start anew, and thus the scheme is
!opted feasible plan. There at the least cacu-
aion three thousand persons in the State whoare anxious
for the passage Of an insolvent law which will relieve
them. Suppose now, for instance, that these three
Thousand persons contribute their ten dollars each,
times tho amount that Brady says the last Legissturo
cost him. 1t will DO seen at glance that this is grand
scheme to enrich the lobby and form fund basis Of
capital on all other schemes. They have as it appear,
employed Treasurer in the person OF Mayor Of
| Albany. He, no doubt will have somo one make a
deposit in Of tho banks, draw his chocks and pay
over according TO directions and keep ''no memo
randum." az usual Surely what win the inventive
genius of the lobby bring forth next No wonder that
of the mombes Of Assembly desired to have tLo
third house legazed and held responsible for their
They doubt fearful that Of thom would have
short memory whom thoy came to fulfil their promises
pay Tor services rendered. honce 1t desirous they
should be held responsible by law. appears
above that tho lobby Go not believe in paper currency
and floating debts, but in taxation and ready money.
Tho evening session was taken up in discussing the
| question Of taxation
Mr. Beaded opened the debate in favor of the original
| resolution.
Mr.. Raymond next spoko making an able and exceed
ingy adrOt speech against tho resolution of the Ways
and Means Committee aud in favor the resolution offered
as substitute. He attempted to show that Mr.. Huburd
endeavcrng to in his speech tho same party
feelings that stopped the works yoars ago referring by
inference TO the position Of Silas Wright Hoffman, and
that class OF men on the State Canals He favored the
bill reported Congress and the issue Of Treasury notes.
and circuati0n Of government paper holding that
they were secured, the same as the stocks by tax
the ground TINT they convertible into federal stocks
He did believe that their Issue would cause an un.
due inallon He could other way for the govern.
ment 70 m,et the present emergency Ho also made
appeal on party ground argued and charged the
supporters Of the original resolution being disoyal
holding that they committed the State policy and
rested the support Of the government on condition Of It's
adoption.
Mr. Stetson then showed the resolutions favored by
Mr. Raymond did not pledge even the tax that Was raised
n IN IN
session OF Congress to appropriate for any other purpose
that they chose to.
Mr. Raymond said that he was willing to modify to
| meet that point.
Mr. Ha;burd then replied that when he urged the adop
ton Of certain policy Of this state applicable to the
national government, it was not for the stoppage Of the
machinery but to put stop to the evils practced by
SYSTEM and TO secure beyond question the credit Of the
government against all emergencies He avoid
| circulation without security
M rSSs then sSk & 1Ss and asssa Mr.
Lawrence had assisted in sending $500 men to tho wal.
| while the gentleman from New York had pcrsstcntly
urged upon the War Department to appoint the posi-
ton Of Brigadier General genteman-Coonel Emory
who had sent two dispatches to the rebels notifying
them that he was going over to them.
Mr.. Raymond interrupting him, said that might have
been tho Times but he could not edit the paper when
ho was away. There were many pens em ployed the
paper. Neither in that in any other paper in New
York tho editor responsible for all that appeared
| It, only in tho tone OF the paper.
Mr.. Pierce replied. that carried out ho supposed
| the gentleman from New York would dsayow the re.
sponsbty what he uttered here to night But there
another point the Times had srenuously urgedthe
appointment Of Colonel Smith BriCadier General
gentleman who lod rebel regiment the engagcmens
at Bull run Did II look we'll for gentl man OF that re.
| cord to charge disloyalty on othersy
Mr. Avord said tho gentleman had alluded to his dis
| loyalty for supporting Breckinridge. All he had
| to say was, that ho presided at the Peoples
| platform adopted by that Convention, and could
| not be drawn from 1t by any such attacks.
He was not only willing to pay his quota of tax but
that not enough he planted his houses lands his
money and securities, the altar Of his country; and
IL assistance still needed his right arm should be
devoted to its service long ho could use H. He
hoped that all such attempts arouse party feel
ing, and build party while the natiep struggling
for lis existence would be frowned down treated with
contempt.
Matters by this time getting decidedly warm
but without any further discussion the Assembly ad
journed