The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-04-26

Mr.. Hooker of Mississippi opposed the reference of
the bill and advocated its immediate passage.
MI. heny OF pennsylvania considered bankrupt
law necessary. IT. he said, bankrupt laws are to
relieve men at the end of crisis, for Gods sake
permit TINS law to remain Let it execute Its legiti-
mate purpose.
Mr.. Hanna oflIndiana was for repeal. In his iudg-
ment national bankrupt law was a standing insult
to the ntelgance OF state governments, and if the
experience OF me past were looked to- it would be
found that the bankrupt law had proved a syinde to
both creditor and debtor
Mr.. Hewitt Of New York said: As far as have
been aole TO follow this discussion the opponents of
the repeal OF the bankrupt law seem to have con-
founded insolvency and bankruptcy. 1t is compe-
tent for Congress to pass law that shall give to the
courts of the United States the determination of The
question whether debtor is in condition of bank
rupcy or not and that is all it is competent to give.
The substitute offered by the gentleman from Ohio
(McMahon) will put it in the power of the dishonest
debtor to hide away for eight months his assets and
VIII ahe OUT OF the power Of the honest creditor to
compei dishonest man to devote his assets to the
payment OF his debts. am opposed to the substi-
tute and If amendments cannot be got to the existing
repeal OF the act.
Mr. Frye Of Maine said the discussion he had just
heard led MN to take less respondent view of the
subject he dd not believe that the return to specie
payment was the cause of the widespread ruin in the
than that for the condition of things
Mr. Butler thought the bill should be referred and
alone. " W '
The repeal was further advocated nv Messrs Stem
ger OF Pennsylvania, Phillips of Kansas, Cakns of
Indiana Buchard Of Illinois, and Bacon and Potter
of New York. ~ ~
Finally Mr.. Lapham moved the previous ouest;on
and it seconded 1'
The motion to refer was voted down by large
majority.
Mr.. Knott's amendment In nertact tho hill moo
agreed to-
The question REQUIRED on the substitute offered by
MI. NC Mahon OF Ohio and it rejected. Question
was e1e1 Cahen on the passage of the Senate bill as
amended, and it was passed-yeas 206, NAYS 80.
Inc plll as amended is as follows:
title 81 RE- nd law approved March 3D. 1861
supplement- an act entitled act to establish uni
iorm system OF bankruptcy throughout the United
poses, approved June 2 1874 and all acts in amend
ment or supplementary thereto or in explanation
thereof De and the same are hereby repealed. Pro-
or AFFECT any case in bankruptcy instituted and pend
ing in any court prior to the day when this act shall
take ehect, but as to all such pending cases and all
future proceedings therein and all penal actions and
criminal proceedings arising Hereunder the acts
neIepy repealed shall continue in full force and effect
until the same shall be fully disposed of in he same
manner as If said acts had not been repealed
MT. Scheicher from the committee on foreign
analIs submitted report of that committee in
reverence to the Mexican border troubles together
with Dill In relation thereto, requesting the Presi-
dent to keep the Texas border not less than 5000
the crossing of the border by United States troops
until such treaty stipuations shall be made with
Mexico as may secure efficient protection 10 Ameri-
mittee of the whole.
Mr.. Hamilton from the same committee submitted
report and bill in relation to the Venezuelan
commission BILL 1t repeats the act for the payment
OF adJudicated claims, authorizes the President to
enter INTO regulation with Venezuela for an ex-
tension OF time for the convention of April Is 1866
WIN regard TO the filing and adjudication of claims
and provides for new commission to examine and
decide all claims passed upon by the former COM
mission. Printed and recommitted.
Mr.. Cox of New York introduced Joint resolu-
ton for joint committee to be denominated a COM
m1tted on census take into consideration the pro-
per measures 70 be employed tor the taking of the
neqt census. Adopted.
Adjourned.