New-York tribune., 1878-05-01
XLVth CONGRESS--IId SESSION.
REGULAR REPORT OF PROCEEDINGS.

THE BANKRUPT LAW OCCUPIES THE DAf In Inn
SENATE AND THE LEGISLATIVE BILL IN THE
HoUsE-A SHARP DEBATE BETWEEN SPEAKER
RANDALL AND THE REPUBLICANS.
SENATE. WASHINGTON. April 30, 1878.
In the Senate to-day, the PRESIDENT pro
tempore presented number OF bills from the House OF
Representatives, among them the House Amendments
to the Senate bill to repeal the Bankrupt Law.
Mr. MERRIMON Dem, n. c. moved refer the bill re-
ferred to and its amendments to the Committee on
the Judiciary.
Mr.. BECK (Dem. Ky) objected to tie reference and
demanded the yeas and nays on the notion
Mr. CHRISTIANCY (Rep., Mich) opposed the refer
ence and said It was proposed to in the House
amendments, after submitting brlef amendment there
to 70 perfect ths amendneSts ~ the Sed many
yers judges throughout the country were disrpeo
by the belief that the saving cause IN aaSos remeT %s
meritorlous As any committee OF the sfate can i re ne
bll go TO the Judiciary Committee. A.,
Mr.. BECK dem, Kyl opposed the reference OF @ tne
of the OF this bill tho it should be passed
the better At this very time all sorts OF iranduion
petitions are being filed by persons to take advantage OF
This bankrupt law before the repeal by Congress Every
days delay in passing the Dill 10 repeal tne law eosls
the commercial interest OF the country millions OF
dollars.
Mr.. CHRIsTIANCY RES Mlch) said he proposed to
submit the following amendment:
And rights and proceedings incident thereto or growing
out Of or dependent thereon nSaGng M a.! sas OF suits oy
The amendment to come IN just before the House
amendments providing that the repeal OF the law should
not invahdate penal acGons OF crlnnai iproceedilBS
arising Hereunder.
Mr. INGALLS, (Rep., Kan) said the camor for the re-
peal OF the bankrupt from the creditor cass OF
the country, and not from tine debtors. He favored
welregulated bankrupt law, and said II this measure OF
reneaI shouid bo we would have period Of
distress and commercial ruin Should this law be re-
pealed and substitute for 1t be eft, the result WOGld
be that very debtor would be the mercy the cred
or He believed that TO the Pope, the Judiciary
Committee had claimed and exercised greater lnIaill-
bility than any other body in this country; but the
amendments put by the House, showed the bill 10
have been imperfect 1t passed the Senate ana some
what impaired his confidence in that committee.
Mr. DAWES Rep., MassJ favored the motion TO refer,
aud spoke IN favor OF bankrupt law;
Mr.. DAVIS Qnd, nl called attention 10 the fact that
many petitions for the repeal OF the law came from New
England and New-York Il he could say anything that
it, for he thought would De great mistake as well as
great wrong repeal It, He spoke OF the principle on
which bankrupt laws are based, ana SAID 10 repeal ths
law without leaving IN It's stead another would be TO
leave great class Of unfortunate debtors at tae mercy
their creditors lie opposed to this haste IN re-
pealing the law He believed IN permanent bankrupt
Mr. BECK (Dem Ky) said the reference of the bill to
the Judiciary Committee meant that IL would not De
heard from again during this session.
Mr.. ALLISON (iiep, Iowa. said 1t was clear that IT
not for the interest OF the people 20 nave the BANK
rupt repealed AZ this time He had full confidence
that the judiciary Committee cona prepare satsiac-
tory law IL had been said that the Efforts OF the oV
ernment to specie payments would result III
bankruptcy to the people, anl yet was proposed 10 re-
peal the Bankrupt Law. He thought 1t wise to let the law
Mr. MATTIsWs rep, Ohiol favored the reference OF
the BILL aud said there should be another eHOrt 10 per-
Pending discussion the morning hour expired: and it
was agreed that tue p to repeal me Ba1krnpe Law % ee
laid aside temporarily III order tGGt tie morning Dus
ness might be disposed Of.
LITTLE GENERAL BUSINESS.
Mr. KlRKWOOD (Rep., Iowa. presented the creden
tals AsOn who has been reelected from the
state of Iowa for period Of six years from March H.
1879. Read and laid on the table
Mr. MAXEY Dem, Texas, from the Committee on
Military Affairs reported with amendments the Senate
b 10 amend the 1884 Article OF War IN regard 10 trials
for desertiOn Placed on the calendar.
The Committee on Military AnarS was discharged
from further consideration OF the senate bill for the par
don certain deserers III the United states Army III
Mr' MORRILL, (fScp., vi, from the Committee on
Finance, reported adversely the concurrent resolu
ton submitted by Mr. BECK on the 2lSt OF january de-
clarlnE il inexpedient either TO maintain or impose
taxes i this time for the purpose OF providing for the
sinking fund.- and directing the secretary Oi the Treas
ury purchase bonds for the reduction OF the
National debt till further order OF Congress Mr. Nor
ri said that tue law providing Tor the sinking i9hd
could not be repealed by concurrent resolution Ihe
committee tLereupon discharged from Its further
Mr. BUTLER Dem, s. c. submitted an amendment
the bill to repeal the spece Resumption Act, now on
the calendar to repeal the tax OF 10 per cent upon
the circulating notes OF private or state banks ordered
The following bills were reported and placed upon the
calendar: ,,,,., , ,..,,,
s i ~ incurred under the Law Of Au
gust Is, 1880. IN The Pawnce land district Kansas
tue relief Of certain settler, on pnblc lands etc
The Conference Committee on the Naval Appropria-
ton B submitted report and SAID the dnerehces De-
tween the two Houses were very sight ana they were
on both SIDES The conference report was unanimously
agreed to- -
Thesenato then resumed consideration Of the bill to
repeal the Bankrupt Law.
Mr. MATTHEWS (Rcp., Ohio continued his remarks
and said ought pause before taking dual
and rretrievabo step.
Mr. HILL DEM Gal said he believed that there
aha, hp ~, DanNclhtPE
try tie thought that the present bankrupt Law had been
OF some service, bat that t should be- repealed now
Mr. HOAR (&ep. ifass) argued that the Bankrupt Law
has been clumsy, costly tedious and insufficient though
he thought Git very inopporune time now to repeal it,
Mr. EDMUNDs (Rep, VI opposed to the repeal
Of the law. aud argued that ITS repeal wouu De dsas-
MIR CONKLING (Rep, n. " said had all these
speeches made the other day when the bill was first
considered by the they would nave produced as
much effect as they did to-day He referred 20 the
amendment proposed by Mr. Allison and said the Hon
oable Senator sending for the doctor after ho man
had died. His vote the repeal OF the law was
influenced chiefly by the fact that the legislature OF his
STATE had instructed him Ia vote for the repeal.
Mr. THURMAN dem, OhOl moved TO amend the
amendment OF Mr. Allison so as TO Instruct the JnCal
Committee report the bin with such amendments as u
uld desire make To the Senate Oh Thursday next
Mr. Thurman said he believed the people OF ono were
almost unanimous in favor of the repeal OF tho Bank
Iupt Law but he had no doubt he would long enough
~ hear a clamOr for new bankrupt law. .
Mr. MCREERY (Dem., Ky.l SAID that in his opinion |
the OF this bill would depend upon the voting down
Judiciary had had bill months and could not per
feet it, just well for tho Senate TO act upon
the matter tOuty IHe ohccb vi an o'ohe W ie4SA "'
delay. - . ..-
Mr. BAILEY Dem. TENN agreed with the Senator
from Kentucky and hoped the bill would be disposed OF
without further delay
Remarks were made by several other Senators.
The amendment OF Mr. Thurman (Dem., Ohio) to that
OF Mr.. Allison ep, Iowa) was then reected-feas ~,
nays "a. -, ,r,
Alter further discussion, the amendment OF Mr.. ALI
son was rcIected-Yeas Is, nays 80
Mr. RANSOM Dem, n. c. SAID that he thought the
motion OF Mr. Thurman to instruct the committee TO re-
nort ON Thursday, next was understood when the
vote was taken He, therefore, newed that notion
Affara a hrig I,na
or as follows IL Republicans Ia Roman Democrats IN
itaiel;
YEAS
.maon Cameron CWis)GYOper Ransom,
a Hamln.