The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-07-12
IN TIE SENATE, JUNE I'D.

Houses:
IN TIE SENATE, JUNE ID.
MIR. LEWIS. Will the Senator yield to
me moment to have bill considered?
Mr.. CARPENTER. l give way.
Mr. LEWIS. This is Il very important
hill. 1t is Senate hill No. 500, to extend the
provisions of the bankrupt law. 1t has been
reported from the Judiciary Committee.
The PRESIDING OFFICER. Is there
objection TO considering the hill named by
the Senator from Virginia! The Chair hears
10 objection.
By unanimous consent the Senate, as in
Committee of the Whole, proceeded TO con-
slider the bill Is. No. 399) to amend an act
entitled "Au act to establish Il uniform sys-
tenn of bankruptcy throughout the United
States"
IL proposes to amend the first provso i'll
section II of an act approved March 2, 1867,
entitled can act to establish uniform sys-
tenn of bankruptcy throughout the United
St;ltes,' by striking out "1S6l" and insert
ing IN lieu thereof "1S71:'
Mr.;TRUMBULL. have no objection to
the consideration Of the bill, but | wish to
state that 1 think it ought not to pass. The
effect of the bill is to adopt the exemption
laws of the various States liz force in 1871.
will state the fact that in some of the States
OF the Union So, 900 worth of property is eX-
cmpted, and i'll others not $500. If that is Il
uniform system of bankruptcy, do not I'M
dcrst,nd the meaning OF the word "uni-
forms" and there are States, like Wisconsin,
where a homestead is exempted from eXecu-
ton although it may he worth $4,000. What
sort Of Il bankrupt law is that which allows
Il man to put 1000 into hOmCStcad?
Mir. CARPENTER. l will say to my friend
from Illinois that that is precisely the bank
rllpt law you have enacted.
MIR. TRUMBULL. Is the law Of Wiscon-
sin adopted? #-.
Mr.. CARPENTER. The law of every
State is adopted, and this only changes the
date.
Mr.. TRUMBULL. ! think it is bad
enough if it is the law already in reference
TO Wisconsin. | would not make it worse.
Mr.. CARPENTER. That is, YOU would
not make it uniform throughout I'LL States,
and give all tue States the benefit of the pro-
vision? a
Mr.. TRUNIBULL. I would not make it
any more diverse than it is by adopting a new
set of diyersities. .-.
The bill WIS reported to the Senate with
out amendment. ordered to be engrossed for
4 third reading, read the third time, and
passed.
Mr.. BINGHAM. / ask leave to report
from the Committee Oh the Judiciary and put
upon its passage bill to amend IN act cnti-
tied San act to establish n uniform system of
bankruptcy throughout the United States"
This bin is supplementary to the bankrupt
law and gives to the reGrganiZed States the
s,,,,,. konnf,tS Ior that laxy aDinv pl
by the other States. So far as it goes, it is
precisely the bill which has already been
passed by the House at the present session.
Mr.. DICKEY. j move the House adj
journ. -, Z, stt ".a
Mr.. BINGHAM. No; let me pass this
bill.
Mr.. DICKEY. Very well, 1 will yield to
the gentleman from Ohio.
Mr.. BINGHAM. 1t is Senate bill No.
500, TO amend an act entitled " An act to
establish uniform system Of bankruptcy
throughout the United States" / ask the
bill he read.
The bill, which was read, provides that
the first proviso in section fourteen of an
act approved March ,, 1867, entitled can
act to establish q uniform system of bank
ruptcy throughout the United States" be
amended by striking out * 1864" and in
strting i'm lieu thereof "1S71.'
Mr. BINGHAM. desire to say it is pre-
cisely the same amendment to the bankrupt
law which in connection with other amend
ments passed this House without division
some weeks ago, but has come back from the
Senate, not as an amendment, but rs an ORR
ginal bill, and applies only to exemptions
made by operation Of State laws rs they were
enforced in 1871.
Mr. RANDALL. Does this come from the
Committee on the Judiciary?
Mr.. BINGHAM. 1t has the concurrence of
the Judiciary Committee. The first proyiso
OF the fourteenth section Of the bankrupt act
has its operations limited to 1864. Since
1854 nearly all Of the insurrectionary States
barc been reconstructed, and exemptions