The home journal. (Winchester, Tenn.) 1858-188?, 1867-03-16

-arpssuesssD-s~assss sA,w~.ss,~nsa
Che Bankrupt Law.
We publish an Ineligible synopsis
oftAis important law in another column.
We think our readers viii be able to
obtain about IS clear IN idea Of the
law from this synopsis as they would
from The confused bill as u whole which
la, been published,
IIie Intention Of this measure il n
good one, no doubt, and we are :nclin
ed TO the belief that it will be bcncfi-
cial, and that many persons in our
country wiIl take it. Yet, We know it
will work severely and even u~njnstly in
many cases. Bit then this will be dis
proportionatc to the amount ofgood it
will do in releasing many men from Il
burden Of debt which would have kept
them hopclcssly ~insOlycnt, until death
should come and release them forever
from the importantly Of creditors. 1t
also releases good men from Il slavery
Which debt imposes, while at the same
time it makes effort to provide against
dishonest men taking undue advantage
Of It's kindness. 1t IS Impossible, VIC
suppose, TO enact any law which will
operate with exact and proportionato
justice upon all, but the present enact.
)nert we are inclined to believe is as
near such rs human wisdom could dc.
wise. With this view, and ignorant yet
Of its wo. king, we give it appreciation
lii an article upon this law, Il writer
in the Columbia Herald says as fol
lows:
"In my opinion, The collection Of in
tyrpst on debts that cNistel before the
war is manileatIy and frequently unjust,
vet the courts and the laws enforce ii.
4 man is not obliged to iohe interest
because the tuW allows ii or the court
DEGREES il, but where is the man that
releases it?
II is well known that, while the war
lasted, these debts could not be paid in
any currency then alioat, or even in
specie. Why then should interest be ,
allowed? Where is the justice? ,
Bat again, hold that justice rcquir-
ed that all pre- existing debts should be {
wiped out, at the close of the war. t
That, | say, was u nearer approach to a
than anything else that could 4,
nave been done, .
This | suppose will he considered, !
~ most persons, a monslrous propo- C
itiOn. n
/ heard il frequently said, during the /,
'ar, that many persons were expecting =
t the close, that all debts would be wi u
ed out. 1t was always mentioned rs 81
m~onstrosity, and at the time / SO
.onsidcrcd it. But / lhavc concluded, b
eliberatcly, that it was the nearest ap- VI
to justice, Of anything that ~
ould be done. Why? AT the begin i.
ing Of the war everybody went in and I'll
lcdpel their all. How many '~sloyal" fl,
len were then in Maury county? Let
,clo answer. The war went on for :,
mr. weary years. Whenever It becan III
, touch the uocket nerve some men s.
,r,nk Many mon who natrioticollv n,
voted their sons to the war, shudder- N
| and drew back At the contemplated ~
go Of = ibousaud dollars. Some sIy y
Iio,ya car ike sn;Jrrs in their corn b'
q. watching for some silly fly to come pc
aInn1-saviug their own dollars b,
u Lovisim9 homes 90 raLr in tho =
.ilora ~ nfher nconIe Tim. tLinos ;,
= n Au,hc rcrisLobIe uroncriv eff oi
. cnmD.rv was twcnt oror~ rnpsrmcd
,ho"a. Wan, wc,c b,nirrm, Lav' be
Ios, ,ho;r all I, ,he wor which came ,r,
! ,o1 e." a,ndI u.;,ho,,, thoir c,nI,
6 d hIeor n'oou' ",lao -" '" on