The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-26
EXIT THE BANKRUPT LAW.
THE REPEHLTNG RrLL PASSES THE
HOUSE mr. a vOTE or yo6 TO 30.
One OF the Iiveie-t Debates cr the session
Senat"rini Negligence Repaired Kelley
and Ewing rs Ala rtni,ts- Butier's Views.

One OF the ILveiie., Debates cr the session
Senatorial Negligence Repaired Kelley
and Ewing rs Ainrmists-B Buffers Views.
WASHINGTON April 25.-1he Speaker said
that tho regular order was the Senate bill for
the repeal Of the bankrupt act.
Mr. Mcmahon DEM Ohio in charge Of tho
bill, announced that ut the end Of two hours h1
would demand tho previous question.
Mr. Kelley tcp.. Pa hoped that the House
would insist upon u full discussion.
Mr. Knott dem. Ky) thought there might be
grave doubts as to whether the bill would cffoct
the repeal OF tho Bankrupt act. He therefore
moved to amend the bill 80 rs TO repeal title CT
of the Revised Statutes and the act approved
June. 1874. entitled. An net to amend tho act
to establish uniform system Of bankruptcy"
He would also offer an amendment to the bill
that oil penal actions or criminal prosecutions
arising under those nets prior 10 the passage Of
the bill continue in full forco until disposed Of.
Mr.. Mcmahon stated that he was authorized
by the Judiciary Committee 60 offer substitute.
repeating the Bankrupt law. and providing that
the bill shall take cfrcct Immediately ~ to invol-
untary proceedings. except bonding proceed
ngs and suits. and shall take effoct after Jan1.
1879. in regard to voluntary proceedings.
Mr.. Conger rep. Mich.l favored the substi-
tutc People all over the country. he said. were
DESTROYS Of knowing the exact time when this
bill would take effect. that thoy might file their
petitions for voluntary bankruptcy. The House.
under the leadership OF the gentleman from
New York tMr: Wood. was bringing ruin on
Mr. Fryry Sp Nc sSna ha %Ss the con-
s s,o,n, h duty Of G2nSrsss T. keep on the
alaoluts necessity. He WIS for the substitute.
| Mr., Lapham rep n. W wanted this bank
Tup! lay blotted from. the statute book. He was
Mr. Chittcndcn rep. n. " believed TINT a
cool Bapkrnptlaw was an absolute necessity.
| The substitute WAS the most dangerous propo-
| siiion which had been presented to the Forty
NTH Congress. II was an invitation TO- n high
Mr.. Hunton Dem. VA moved to refer the
bill to the Judiciary Committee. He was not
willing to vote either for 2 conditional or an
Mr.. Ewing tohiol seconded the motion 70 re-
fer. He said that the pending hin was q fit Sc
| pletr the work of ruin. Tho Resumption law
provided in effect. that men who were SO unfor-
tunnte as TO have been In debt during the past
| three years. men who were so veniurous ~ to
continue in business. should he hroken up and
| their property given Ia their creditors. The
pending hil enacted In addition tina; the cr,'d-
! itor should have mortgage ON the brain and
muscle OF the unhappy debtor To the end OF his
lie; IL was q nonstrous measure. Not ono out
oi i've OF the business men Of the country could
pay his debts. Bankruptcy. from the day thnt
increasing every month The House should
beware Of adding anything more To that dsron-
| tent which pervadcd the business class. the In
boring muses., and the muses. Of men who
were not lahorcrs because they could not sell
their labor for bread beware Of adding To- the
flames already kindling which might disturb
| the very foundations of order and property be-
fore this resumption scheme was fully executed.
| Mr.. Hooker Dem. Miss WIS Tor the imme-
| dints pllss,vc of the Till.
Mr.. Kelley was N favor Of the commitment Of
| the bill To the Judiciary Committee. The Afn"ri-
| can people had never been suffering under
moro portentious state Of things Than that which
| overwhelmed them to-day. He uid leave the
! embarrassed business men "a CLEAN of hope. u
little lining to the cloud instead Of forcing them
| into the ranks OF those who looked upon the
Goserumehta as All oppressor and upon Congress
hs Trong-ioer and giving 70 lhr discontent.d
| people disciplined und intelligent captains to
lead them into open revolt.
Mr.. Hanna ltep.. Ind was for the uncondi-
Mr.. Hcwiii Dem. y. " said that the op-
ponents OF the repeal had COMPOUNDED insol-
vency with bankruptcy. He was IN favor OF
wise Bankrupt law. but not of the present one:
The substitute would aggravate every evil OF
this law, II amendments could not be got e.
the existing law he was in favor Of absolute and
MT' Fry hep. I'M. NJ said that II the House
sa9g S t to reisr tbSs R As Yas linz inc mi
attention to perfecting the Bankrupt law.
Mr.. Willis Dem. KY favored unconditional
re&E1alw Whit ,,or Pr, wos surrrisod q, the o,.
tempt 10 raise NE issue that. by voting Tor re-
peal blow was struck aga nst the laboring
men. Tho lahoring men had very little to do
MIR Butler lRou.. Mass said that three times
he Ind underworld TO amend the Bankrurt
law TIL" fault Of the House was that when II
saw a small wrong II struck AT tn" whole sys-
tenn, In the last quarter there h'ei bpn $3.50
bankruptcies. with liabilities OF tse.WnOp, A.
against 2sO hanAruut,iesn and sji Otp 900 Of liza
bilni"- for the same quarter of last ycnr. Nnnt
should be- done under such circumstances Ho
would vote agnins, repeal If hc were the only
man that did So. In fact h" would rather volt,
a,on' ne hrs,rr@J 70 ply Ho, Ge .n" .
day in attending To- little matter of a trout
creek aud left the whole river OF corruption 10
Mr.. Wills Dam. y. y was for unconditional
repeal. T." Qnnrcd an am1nIm.nt IroNdlhG
MrStngcr Dem"Pa >. Nj, Phillips Rep. KAN,
Mr.. C4ikins tE'p., Ind. Mr.; Bnrchnrd lk,p..
Bacon ,hrp y s. were ior unconditional re-
pa. p-....,r .,ia .ha. ,,,a uo,s,
opporjunitv to repeal the Bankrupt law 1t
had voted. Congress after Congress, 10y largo
nwnys rfr-rd 10 concur. The House should
taxi ad vantage Of the opportunity
Nr. IHNi'nm moved the previous question
nut u Was seconded. The motion e. reier WIS
voted down hy a large mmurty Mr. Knott &
amendment was agr,d Ia. Tie, pu'e,gn then
Thc question wis then taken on the pns-aG.
-yeus. 2oj; nays. 80.
rly n.l a; ,l',i ,!' l .i TIA, '9g B9pntral
S.int~. apl sn act uuilcd An ACT 10 rmcnd and
TSrSy S a' e inc mcd Sa aoproyc
a g! ,, ,.i,dr, or G nn,.r, ,h"rio or
"a, nna,n, in r,,i h. und ilc -nuc alc her,h, r..
tslrd ffoNid.i that .uth irN tIH'l 90 nH rHNn' ii
valid fi 90 in laukrurtr institute u ana
Irirlf iu court prio n fur y "A when this l,f ,aI
tlNt tl'D T. luf 90 al ,lDu DO ilnL lfd H 100
tlr .'lUg- there snt 900 iNnEl .~iiHl uhi
iuul lN'.t d,ss arsu.- thcf under o.. ari- Do rl' u
ituI shall iu fh tore, AND effect uuill ti'
shall be- ny disposed ~ IN ne same niauuel ASA
sud lri- tHd mot i"vn repealed
: Mr. Schleirhcr tDrm.. rcvss'. from TN" Com
mittoc ON Foreign Affair.", Submit I'll TIE ~ r.
of that committee ia r"f"rnn"o o. Mexican borl
/ er trouhtS. together With u bill IN relut ~
; thereto. requesting n, l.. Hayes To- keep on tin
TrN.s border not less than 600 men Ia prot r'
American cdiz M, and authorizing the rrossinl
. Of tnc border " United States troops until Su'i
treaty stipulntions shail he mad with M"Nirt
! A. may secure an Ell lent prot ction to Amrri
. cam 1T I'us AMI property. Referred To th'
| Committee If the Whole.
Mr.. Hamilton tDnm.. Ind. from the SANE
committee, submitted u report AMI a bin in re-
atun 10 tho Vrnc2urnn MiYcl Comm.ss -
! proY.ding for Il now commission 10 rccNnnli n
. | and decide an claims passed upon hy Nh" for
NOR one Ordered printed ana r"rommitrl
Mr., Coz Diem, n. " introduced a Joint r'so
D Tut ON for n joint cominit"e 90 tax" into cons 4
) | GRAFTON the proper measures TO b." employed 10
p ! tho taking Ot the next census. Adopted.
I The House then adjourned.
In the Senate.