The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-06

Bankrupt bin, the pending amendment being that
Of Mr.. sherman. hmit,ng the operations OF the
section e a sno spS o.
pass, and would vote for u.
ruDt law, and past expelience should be profitable.
bank gnas laws were allowed to remain on the
statute books q few years and then we're repealed.
The amendment OF Mr.. Sherman was lost-yeas
Alter the roll call Mr.. ROBERTSON, trep) OF g. O..
said that he noticed the Clerk had called the name
thought that the gentleman had vacated his seat
In the Senate by accepting the once OF Governor
The CHAIR (Mr. Carpenter) replied that he had
not been officially notified or that TACT, and could
not direct that hls name be omitted in the call.
Governor of State. however, might be Q member
OF Congress too. The question was one for the
senate, but there had been no ofncial notification
OBJECTION TO SERVE ON A COMMITTEE
Mr.. FRELLNGHUYsEN asked to be excused from
oS Sns to the
Mr.. SHERMAN hoped the gentleman would not
decline to serve on that committee. The investi-
CATION should be az severe and thorough as pOssi-
ble and settle at once these charges oil fraud He
Thought the gentleman (Mr. Freiinghuysen) wen
qualified to make this investigation Thorough.
Mr.. FRELINGHUYsEN said he appreciated the
kiDdness Uf his friend (Mr. Sherman), out as he
had served on one Of these Inc commit:
not, ne thought the investigation now proposed
would be just as well conducted II he (Mr. Sher-
mani would serve. Besides, he (Mr. Frelinghuysen)
was on Jour standing committees, and had most
OF his time occupied. Again, he was q taxpayer
for some Senator who did not nav taxes here tn
serve on the committee.
Mr.. EDMUNDs said most Of the Senators were
taxpayers here, but ne thought, as matter OF
justice his friend (Mr. Frellnghuysen) he should
be excused, having already served on one invesLl-
cation committee.
Mr.. Frehnghuysen was excused.
AMENDMENT 70 THE BANKRUPT BILL.
Mr.. SHERMAN moved as an amendment to the
Bankrupt bill to strike out the word forty and In
sert instead ninety, 30 that persons who nave
stopped or suspended and not resumed payment
as having committed an act Of Bankruptcy until
alter the expiration OF ninety days. Mr. Sherman
in advocating the passage OF the amendment, said
bankrupt law. His own opinion, however, was
mat there should be such law, and 1t should ne
Mr.. MOTION, (rep.) OF Ind, said the period fixed
In the old law was fourteen days. the committee
forty days, and the same reasons winch urged the
increase to i0rty would hold to increase the time
The CHAIR announced as member OF the Com.
mistee on the District OF Columbia Investigation
Mr.. COnkling instead OF Mr.. Frellnghuysen, ex-
Mr.. WRIGHT, (rep) OF Iowa, opposed any change
in the period OF time fixed by the cOmmIttee's
amendment to the Bankrupt law. He Thought
forty days long enough and to extend 1t to ninety
would be Injurious.
Mr.. CoNKLINa said the Chair had appointed him
OF Columbia affairs without a conference. Had he
known the purpose OF the Chair TO appoint him IN
the committee he could have stated reasons, salts
factory, why he should be excused. AS it was he
must ask the Senate to be excused from such
service, not on account OF being ON five committees
already, but he had been placed IN an attitude
touching the matter which might give rise to the
charge Of Partially on his part. This Investigation
should be thorough, prompt and impartial, and
conducted by those against whom there would be
no charge OF partiality to impair the report
Another reason was that, on account OF a case OF
very recent origin he would be compelled to be
absent from The city, though he did not know for
Mr.. LOGAN said the Judiciary Committee chung
to Its amendments as fond parent to a child.
traders, but only from the creditors; and this
provision OF forty days was favorable to the
creditors. He would not brand these traders
as bankrupts after forty days. ana the
bankrupt laws should exist Interested outside
parties had used every effort TO prevent any
read a letter, which he said be had received from
a United States marshal, in which 1t was stated
That efforts would be made to manufacture public
opinion in favor of the Bankrupt law by editorial
articles IN newspapers. He believed the amend
ments proposed would fail between the two houses
OF Congress, and argued tnat, in such times as the
be shown to debtors In Vermont q man might
sell all he had in forty days. but In the West that
could not be done, as money was not as plentiful
there.
Mr.. THURMAN said the Senator seemed to be ar.
ragnlng the committee as II 1t was in the interest
az the hard-hea-ted creditors, when the proof
showed that every provision OF the bill was lenient
TO the debtor. He opposed any extension OF the
time to ninety days.
Mr.. EDMuNDs gave notice that he would ask the
Senate to remain In session and finish the Bank-
rupt bill tomorrow.
Pending the discussion on Mr.. Sherman's amend.
mens TO insert ninety instead or forty days, the
ecutive session, and after short time the doors
were reopened and the Senate adjourned