The sun., 1873-12-17

W
the ltcsIdcut- mess ieo than 1t would receive the
rromt approval ot tuc ixecutive lie noped
EXECUTIVE demand, to the demand Of the
business interests II the country, and the 80
uouof tie II, use would bc ha,itd with accla-
nation and Joy hY the commercial Interests
through the iculth and breadth OF the country,
from centre To circumference.
IN rus IsTLlttsr OF JAY oooKH 60.
Mr.. Wilson d,ep., lnd.l, a member Of the Ju-
dinmry tomnittee, "pposrd the passage of the
hil. urging that the law was u necessary one,
and " there were defects IN " the proper sourse
was 10 remedy these defects. lie intimatcd that
the bill had Leon introduced In the interest of
Jay Co ke Il Co. lie Thought the title " the
hil ought to he changed, and that 1t should he
called, " "A bill To oiubarrass Justice lIo e8-
iieNod IL unwi,c To repeal the existing law. and
believed 1t wise to ma IKE it perfect. lie there
fore trusted that the House would recOmmit the
bill To the judiciary Committee.
Mt Beck dem, kVJ gave notice OF an amend-
meut to substitute for the section which looks
to details a provision to reduce all costs, fees,
a9a St chETIes EIdfssn Siy beT cent MAMMA, n, ,o
Judiciary Committee. sustained aud advocated
tie hlll. He had oppnsed the Bankrupt law
ciplc. because he believed w. was radically
wrong, and never ought to have been enacted
lie would like to hear of one single benefit TO
the country growing out OF the bankrupt law.
had operated practically as cohHscation of tho
uc.t'is estates, no, iur we peneht OF tne creu-
Tors, not To pay their debts, but to nut iecs IN
the pockets Of tue officers Of the court, and In
some instances IN those of the Judges them
selves. II was y scheme devised in the interest
~ spcculaturs, aud It's eject had been to en-
courage undue speculation aud TGcklessness in
the management Of business.
OPPOSED 10 RErEAL.
Mr.. FRYE Rep.. Me-. also member of the Ju-
dietary Committee. took the same view Of the
subject ~ that taken by Mr.. Wilson OF lndiana,
that the bankrupt law should bo amended, not
reuealcd. It's repcl would not make cunlmcr-
ciol men more honest or business men more
CAREFUL Tut II would open the noodgates of
fraud, o,,., ...... .,o.,
the judiciary Committee. stated the cuns,dera-
tltus ui IA mad ltu favor the Ut
the Till. II WAS conceded that the operations OF
the Hlnkrupt law we're unfavur,bIe 10 the gen
eral Interests Of the country that the law dad
no one any good, and that II Inflicted evil wher-
ever It had been enforced. In the consideration
"I The matter IN committee he htd not hemdJay
Cooke ur any other firm referred To.
rosER
Mr.. Harris Dem, Va asked why, unless there
was sUuie ~ eciai tHre Va view of the committeci
/ the bill was not mined simply 10 the repeal OF
| the Law?
/ Mr. Jcwctt said he would himself have pre-
| fvrred that. but that there were reasons, wh,uh
/ lac procccued To- state WY those other sections
/ shouid tc reported.
/ Mir. White rep, Alal, another member OF the
Ju, tciuv tommttce. Mgueu IN favor OF amend
/ ing the cNistius law rather than repeating It.
Mr. h hss ln tkep., Iowa suggested molten 10
/ such amendments t. the baukruptcy law as
/ su.ll increase the authuiity Of tho Judge Ia
J Hikrupicy TO suspend proceedings when II shtil
appear tDti the d,btor's assets may within reA-
I suuablc time te sufficient 10 dlschntge all hia
/ lI4bi ties. and to make such otneT and further
I orders III the case a. shall prevent all unnece--
srrN pro, eedInGs ~ rtt krtptcv; also. To- report
4 sp,u amendments ~ snail diminish the cu-ts
and Incidental cAlruets OF proceedings IN
res m.,L QUESTION.
~ Poland Key. VI u1.ucr member Of the
1u4. .4ry tgGrAttcr. s.,i thA- tnr &c question
/ lel re- tlc liu.se Va Wh,fUtf tu,r, SIS. I'D hc
g uauNrupt law q, mot Ah ,no rle,nters OF the
Judiciary Committee had agreed tlat the law
t.I |u.auv defects thut needed amendment. tie
,HHrciy drasr' ct WI D. thc gentleman rom
'rv 3 .r'. D.r. l-c'r uu' iu the stateme NJ tHat
.t $50 o. ..e. ..- f. U t.' J-u.'Idry Committee
l, D.. 'i.tteDv t"ae il.tn, an,n luonis. ~ far az
h.t t ..- ..u I.II Been u.d .u tie Itri itCulars
SD. r..ult up'lrd Ieudmrnt. toe committee
-.H. Nrr'u. o." di u"; d"eGs.r 90 900 u
t.r go. N.tr lrc.i'- it'cu tat tAe ruus.,,,c
'' Goa. n ."'n's iNAi Wound oo
tr ."it'r .n-m., \. % another member If
."r bil. Itt htI t-scufcd fo h.ll 90 rct cal the
bankrupt iaN. -sy,ns pehdng rights and case
u lu 80 Gee th.t t"u-c iut era eIats sections did
Douogc that tnat, ~though his IMPRESSION Wa
>.r intler Rep. Mass Chairman Of the judi
cary tomEI.'e, cll'rd ihc debate with re-
90 af.s u surport ui the biil.
THg JoB utFEArED.
Mir Treualn then a. owed the yreN .Uus 0ucs-
ti.i ou ,.c tnlrd reading ot the ban
The previous question was not seconded bS
,,r Heck .pen.. XIV theu moved TO strike
ut al after the rrst 'eeu'n "t the OIL, aud to
ti~Hri 'h uru iHrtr.i ~ i.i.. ."lu-
-.a--r, ','' o. 10 - - "a 'a.. -, - ~
Ni,h stl Nrih'd iA 'ht grow sohs 81 tAirthE lN =
w. are hereby t.' l.,st loo iUitt only iut we ar
. .,..i 81 s1g UP suits sli pr ,cc"dthss ll's
U..tiurd hat FROM li after tur passas- Of tts
too. tcu-, sud ta1rr's % the one aud
4L'I'r iAs Va - 90 tau.4 titJ cases -iia.l te
fUsf % utt az u Tho r. comm ssons, aud citrg
utrtt iorr ado" ID.
The rr.yil.t. question Sd. seconded On thi.
/ rropo.lt. ia l.a g. =, tud tile amendment was
/ agreed to without division.
Tho thl a. ain,uard Wa then pas.ed yeas
/ IA; navs ~ IL consists ~ two aeci ions tne
u - rcpyallny the Btnkriutcy act OF March .
lst, aud ali .ri4 a..cud4tory thereof. and IL,
ercou,! cnlcIlus 'he ~ position suDmI.tcd by
Mr. Beck
The vote II th" merihers of tho JudicilD
! 'oWmiNee On ihe passage oi The bIIl was A.
! iu4.uNs.
I-ts Mess Irtmiil .lcp. y, Cessna tErp
i rt.. NArl 't"r. l!.... 4uice brgi, Wt F, Puuei
.4l .. H. y "tl IrN''i 10 I, ono T., n,-,
H. 10. '''- " = u fttuu ft % >, oi'h. ~
80 ''' '.' ''''' 'N''' %" ''''''' "''
I'M NLW SALARY NPEAL BILL
MIR H.ll l.!cl. Me-, from the Select Commit /
t., ON ~.l4r.r.. req ,It.d back the Salary hnI.
m. a., ..c,,,, ,c,.t. ala IN. nrovts ons AZ the A..
ofWafc6 g. T. ~ wtl,n increase me salary or conpen
.ation " naors Representatives, and De eg.tes II
Congress. of any ofhter em C5se q the Govern
ln'ni, except isr 20 t1ai.s 10 M JunSrs OF es ~
Ir,inr toutt and t' ur irr,nt oi 'ho Vhi'eu s'>'e
u"hs se,pn py,i"s ~ tb,, b.-.,,.o, N, eorn
t.t tn "f sen ,fnrs Rerr-S entailyes ana Drlrcate
i i.ft-. snsil ne At the rate O IS J DER annum an