The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-02-14
Case 81 Eaa,s sareties.

Case - End's sareties.
Mr.. Hesser introduced bill into thu
Senate some days since entitled |" Al
Act to sscurs part Of the judgment against
Jas. b. EadE md his suretiea, and fos
partial relief Of said sutsties. The bill
was referred tdthsJ judiciary Committee,
and on Thursday Judge Woodward, chair
man Of the Committee, reported back a
substitute, recommending its passage. 49,
The Committee SAY in their report:
Upon the subject Of this bin your
Committee would add. that they believe
it prndent for the State sometimes to msn-
age it, affairs u priyatsintsrest would do
tate to IN individual standing in similar
position, and that that mode of conclud.
ing an arrangement, called compromise,
may b as advissbie and MS necessary on
the part Of the State AZ of single indi-
vidual. Your Committee are convinced
that, il this debt il pressed by executions,
levies, and the machinery Of the law, lit
tie or none Of it will be realized. AL
though the bond upon which the judg-
nent was rendered, may have been, orig
inslly, entirely available, and although
there j. large number Of persons embrac-
ed in the Judgment, yet We are persuaded
that the t29, 900 in default cannot now
be made from them.
Some years have passed since the bond
was executed, and in those years 10 that
OF 1859 and the disastrous financial Sc
quences Of that period. Much Of tbs
property and means of the obligors, our
debtors, consisted in real estate, and much
of this unimprosed lands, the depreci-
alton and impossibility of selling which,
nil are cognixant Of But further, We are
not to doubt that these men. like others,
when they saw the storm-cloud Of ruin
coming upon them and their families, may
have made provision therefor. However
We may blame this course, the result and
the effsot on the possibility Of collecting a
debt by law, remains the same. and what
ever may, in fact, have been done in this
respect. We find that probably not man
who signed the bond Of Eads, has any
thing beside the homestead which the law
allows and protects,
Although they cannot pay thousands,
and though the Etate may not be able 10
compel srea hundreds, yet In order to take
away the impending weight of threat
ening Judgment, they will exert them
selves and find the means to pay ! few
hundred.
Though there are above forty namps up
on the bond and in the judgment. yet We
are informed upon good evidence, that
among them there is not one who is now
solvent.
Exercising, therefore, that judgment
which prudent men apply to their own sim
liar affairs, and considering it better to OBJ
tain part, even though it be q small
part, the Committee concur in recon-
mcnding the measure suggested in the
bill, by which we hope to Obtain about
ona-third Of the debt
Thc Committee il sustained in these
views by the representations and mature
opinion of the counsel who prosecuted the
claim in behalf Of the Government, and
they also'refcr to the afidavits annexed"
The report is signed by all of the Com
ittee except Senator Duncombe, who
was absent during portion Of the time
the bill was before the COMMITTEES. The
afidavits annexed to the report are those
Of Godfrey Eichorn. Thomas G.. Stephen
SON and +. Hesser, residents Of Lee coun.
tn.