Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-05-01
Senate.

FaodANoAON; APl1 3U- ue IIeslueuI p|O
TEN laid before the Senate number of bills
from the House, among them the Senate bill to
repeal the bankrupt law, with the amendments
thereto agreed to by the House.
Senator Merriam moved to refer the bill and
amendments to the judiciary committee.
Senator Beck objected to the motion, and de-
nanded the yeas and nays. He thought the
House amendments should be concurred in and
the bill be passed.
Senator Conklng favored reference, and said
in this body any committee could report at
any time; therefore there would be no loss by
reference.
Senator Beck opposed reference, upon the
ground that if any good was to grow out Of the
passage Of the BILL the sooner it be passed the
better. All sorts of fraudulent petitions
being filed by persons to take advantage Of this
bankrupt law before its repeal.
Pending discussion ON the bill to repeal the
bankrupt law, the morning hour expired, and
the bill was laid aside temporarily that the
morning business might be transacted.
Senator Morrill,, of Kentucky. from the corn-
mlttee on finance. reported adversely on the
concurrent resolution of Senator Beck, declar
ing it inexpedient to levy taxes at this time to
maintain the sinking fund, and the committee
discharged from it's further consideration.
In submitting the report Senator Morrill, said
the law as it now stood provided for sinking
fund, and it couldn't be repealed by u concur
rent resolution.
Senator Kirkwood presented the credentials
Of ". 3. Allison, reelected United States Sen
utor from the State Of Iowa. Read and laid on
the table.
Senator Butler submitted an amendment to
tho bill to repeal the specie resumption act,
on the calendar of the Senate to
repeal section ), 4l2, revised statutes, imposing
O. tax OF ten per centum upon circulating
notes, private or State banks. Ordered printed.
Senator Booth, from Connecticut, public
lands reported, with amendment, Senate bill
For the relief of certain settlers on public lands;
and to provide for the repayment of certain
fees and commissions paid on said entries of
public lands. Placed on the calendar.
Senator Cockrell from the committee on
military affairs, reported, without amendment,
the House bill authorizing the President to APP
point James Shields, of Missouri, brigadier
general in the U. s. army, on the retired list.
Placed on the calendar. In reporting the bill,
Senator Cockrell said it unanimous
report, and members Of the committee reserved
the right to express their views, when the bill
should be considered in tho Senate. a
Senator Sargent. from the committee of con-
ference on the naval appropriation bills, sub
mitted the report, and said the differences be-
tween the two houses very slight and
they we're compromised, to the entire satisfac-
ton of the confeIeos both sides. The
ference report unanimously agreed to-
The Senate resumed co, sideration of the bill
to repeal the bankrupt law.
pcuatOf CurlsLlancy Sdlu uc plOponcu W suD-
nit the following amendment: And all suits
and proceedings scidel:t thereto, or growing
out Of dependent thereon, including all
rights of suits by and against the assgnees,
under any or all of said acts, to come in just
before the House amendment providing that
the repeal OF the law should not nvalidate all
penal actions or criminal proceedings arising
hereunder.
Senator Ingalls, favored we'll regulated
bankrupt law, and said if this measure of re-
fno eGn IL no atcSy Sa have
period of distress and commercial ruin. Should
this law be repealed and no substitute for it
left the result would be every debtor would be
at the mercy of every creditor.
Senator Davis Qll.) said that he thought it a
great mistake, as well great wrong, to re-
peal this law. He spoke of the principle upon
which the bankrupt law was based and said to
repeal this law without having in its stead
another would be to leave great class Of I'M
fortunate debtors at the mercy Of their credit
He believed the law could be simplihed.
The judiciary committee could prepare bill
which he believed would satisfy the Senate and
country, and he was opposed to this haste in
repeating the law. He believed in a permanent
bankrupt law.
Senator Beck said reference of this hill to
the judiciary committee meant that it would
not be heard from again during this session.
BE was not opposed to well regulated bank
rupt law, and the Judiciary committee could
prepare bill. He was opposed to patching up
this bill.
Senator Allison submitted an amendment to
refer the bill and amendm ents to the judiciary
committee, with instructions to report such
amendments thereto as will relieve the existing
law Of the defects which experience has dis
closed.
Senator Matthews favored reference of the
BILL and said there should be another effort tc
perfect the law before wiping it from the stat.
ute books. He thought the wisdom Of Con-
gress equal to the occasion. and had no doubt
suitable bankrupt law could be passed.
Senator Hill thought the present bankrupt
law had heen of service, but it should be re-
pealed now. In view of the large majority il
both Houses of Congress for the repeal of the
bankrupt law, he thought it idle to expect that
the law could be amer ded.
Senator Hoar thought it an inopportune time
now, to repeal the law.
Senator Edmunds opposed repeal.
Senator Thurman moved to amend tn,
amendment of Senator Allison, SO to instruc
the judiciary committee to report the bill, will
day next. Senator Thurman said he believed
unanimous in favor Of the repeal o
the bankrupt law. 1t was impossible TO
the Judiciary committee to prepare bankrup
law to please every Though the commit
tee had worked diligently two months to do SO
the people demanded this bankrupt law b
torn up root and branch ant in Difference t
the wishes Of the people he favored repeal
though he had no doubt he would live lon
enough to hear clanor for new bankrnp
law.
Senator McCreery said in his opinion the fat
Of the bill depended upon voting down al
these propositions to refer to the committee o
Judiciary. 1t had the bill already six month
and could not perfect it, SO it was just we
for the Senate to act upon the matter to-day.
Senator Paddock, Neb., opposed all motion
to refer, and urged Immediate disposal Of til
bill.
Senator Howe said he though good, SCUM
bankrupt law was a necessary thing for til
commercial interests of every nation and b
was disposed to make one moro effort to PEI
feet the law. and would refer the matter to Il
committee.
The amendment of Senator Thurman to tn,
of Senator Allison was then rejected; yeas, L
nays, 81.
After further discussion the amendment {
Senator Allison was rejected; yeas, IL; nay
sc.
Senator Ransom said he thought the motto
OF Senator Thurman to instruct the commit
to report on Thursday next was not understot
when the vote was taken. He therefore I
newed the motion. and after brief discussie
it was rejected; yeas, ~; nays. az.
Senators ingalls,, Jones, Of Florida; and Pa
terse., who would have voted in the affirm