The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-08-11

| profitable the Association has yet held.
BAsKsuPrcr-Prior TO it, adjournment
Congress passed An amendment 70 the Bars
rupt Law, which exsecds he operation o.
what is known as the fifty per cent clause 40.
til January ls., 1860.
This is in accordance With . general ex-
pectation Of the people. and very many
would have been disappointed had THU
amendment nc. been passed
Those who design taking the benefit OF the
law should now DO so while ID. opportunity
il offered, for they have DO assurance thai
the operation Of the fifty rer cent clause
| will be again extended after January ls.
1859.
Thoee who have been unfortunate in bnei
| ness, and ara not willing to succumb, bu
have energy and determination TO fight il ou
on that line, have now the opportunity te
relieve themselves from burdens which viii
otherwise PROSTATE them for life. They owe
this TO themselves and TO their families, fol
no man should ii, down in hopeless inaolven-
cy when the laws OF his country afford him Z
means BY which he may retrieve bis broken
fortunes,
Heowes TO The community In which he
resides for no man who possesses energy and
business capacity should DO harassed and
restrained from commercial enterprises when
the common good requires the employment
Of the talen, and energy Of all our people.
q owes il even to his creditors. because i,
is only in this way that he can ever hope to
be nols to discharge his obligations to them.
Many men have become bankrupt from cau.es
entirely beyond their control. and from cir,
oumstances against which no human foresigb,
could provide. Whils these legal obligations
are resting upon them there is no way iii
which they can engage in,.bnsiness; but BY
relieving themselves OF these legal obliga-
tons, thev can again embark in business, and
with the erpersnce Of tho past, may, and
20 pay every dollar they may owe.
/, is thus that il is not only not dishonora-
Bile 70 take the benefit Of the Bsnkrupt Law,
but every man is in honor bound to use the
means the laws Of his country afford him to
rise above his nisfortunes, and protect him
self and hi. family against financial distress,
for which, in many instances. he il not either
legally or morally Responsible.
This community is not without examples Of
men who. in early life, took tho benefit Of the
Bankrupt Law, aud, BY SO doing were en-
abled to succeed in business, and not only
paid every creditor, but are now in the enjoy.
ment Of the highest and most honorable for.
tunes in our business and com mercial circles.
The public sentiment on this subject is RAP.
idly changing. Almost every business, man
is in favor Of we'll regulated Bankrupt
Law. H,snow, and has been 70, years :
permanent law in England, and il il veil sus-
tanned by the public sentiment Of sha, trad
ing and commercial people.
To say that disbonest mon will and do tax.
advantage OF the law il no argument aasins,
i, for dishonest msn do not pay their debts
any how. II 10 dark view OF human NAM.
to take that most men are Dishonest Il j.
not trus. Most men are hsnest, and disposed
TO do about what il right, and sh;a Law Is de-
mAnded to erabls the honsst man to come
into court With an honest surrender OF his =:
fects. and obtain his discharge, 20 that 10
may b able TO commence the rscs OF life
anew, with fair prospects and just hopes Of
success JB
Mr.. Bleakmcre has been sayins that the
cost of collecting the revenue in Jefferson
county exceeded the amount collected.
The last number Of thu FairGa2d Le1,sy
gives the official figures from b. 8. Morrill,,
Deputy Collector II Ksokuk. in detail, and
the result is-anouns collected, $6,ll7 81
cost Of collection. al.ose 70; amount real
issd over and above cost, 5000 81. NJ.
Dlsakmore lied.