Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-26

Look ut our revenues, shrinking,
shrinking; shrinking day by day, week by
week, month by month, because more and
more OF our people are forced into Pauperlam
If they were lab0rers; and into bankruptcy It
they were merchants or manufacturers, and
they are unable to consume taxable or dutlablo
goods, and while SO consuming, to contribute
to your revenue. beg you to pause and not
to precipita!e further bankruptcy. beg you
to leave to embarrassed business men CLEAN
of hope, and not to force them, these men of
intelligence and energy, into the ranks of those
who look upon our government as an oppressor,
and upon Congress as wrong doer. beg You
not to give to discontinued people. disciplined
and intelligent captains to lead them into open
revolt.
MIR. Hanna stated that under instructions
from his State Legislature he would vote for the
unconditional repeal Of the bankrupt law, and
that, even had he not been SO instructed, he
would vote for it on his own judgment.
Mr.. Hewitt IN. W said: am opposed to the
substitute, and if amendments cannot be got to
the existing law, am in favor of the absolute
and unconditional repeal of the act. Every
hour that We delay its repeal 10 dangerous. We
are marching steadily back to prosperity. We
are to-day ON hard pan and was astOnished to
hear gentlemen from Ohio and Pennsylvania
Ewing and Kelly PROFOUND the doctrines
which they laid down to-day. They seem to
think that the distress of the country, that the
shrinkage Of values, is something local.
Let me tell those gentlemen thatfit extends all
over the civilized globe, 1t is reaction from
the speculation era, and there is no remedy
when you have had ali era Of speculation but
through shrinkage, and much tribnlation, and
liquidation, to get back to the point where you
can begin again on a foundation Of solid and
real values, and of honest and true money.
Mr.. Frye said the nearer the country ap-
preached to gold basis the nearer it was to
safety. comfort and prosperity: he would vote
with the gentleman from Virginia, Mr.. Hunton,
to refer the bill.
Mr.. Willis, of Kentucky, favored the uncon-
ditional repeal of the bankrupt law.
1t was rulnous to the business interests of the
country, and its repeal would be hailed by the
people as measure of relief.
Mr.. White, (Pa.,) was in favor of the repeal
Of the law:
Mr.. Butler said he would vote against the
repeal of the law if he were the only man that
did so. In fact he would rather vote alone.
He preferred to play a lone hand if he did get
euchred. This bill had never been considered.
and he warned the House it had better be con-
sidered in committee. You are, he said, gov
erned by newspapers, and frightened at your
shadows You say, we dare not stand up in the
men, stand here and deal with grave interests
of the country, saying We will examine this
gravely, quietly and calmly. You spend day
over a dog fight. and not an hour over a great
bill. Youspend day in attending to little
matter of a trout creek, and leave whole river
of corruption flowing.
MIR. Willis, IN. ~ said he would
offer an amendment providing that
the bill take effect on and after
the LIST Of July, 1878. His constituents recog-
nized the fact that the resumptiop of specie
payments was All accomplished fact. What
was needed was the revival Of confidence, and
that confidence could not be restored while the
bankrupt law was in operation.
MIR. Stenger opposed reference of the bill.
He was in favor Of it's immediate passage.
Mr. Phillips favored the unconditional repeal
Of the law.
Mr.. Calkins said he would vote for the pend
ing bill: ;.
duty of the House, in obedience to the neces
stiles Of the case and the demands of the coun-
try. to repeal the banh rupt law. As to the
distressed condition of the country, he saw in
it only the natural effect of the rise and fall in
prices. and no necessary connection with the
currency.
Mr.. Potter said he had been surprised to hear
the gentleman from Ohio (Ewing) state that
the bankrupt law was for the benefit Of strug-
Cling merchants and the laboring classes. The
ouly laboring class that he potter knew it to
benefit was the lawyers, the clerks, the regis
ters aud Others connected with its administra-
ton.
Mr.. Lapham moved the previous question.
The previous question was seconded, and the
motion to refer was voted down by large
majority.
Mr.. Knott's amendment to perfect the bill
was agreed to. The question then required on
the substitute offered by Mcmahon, and it was
passage Of the Senate bill as amended, and it
was passed-yeas 206 nays 80.
The bill as amended is as follows: That the
bankrupt law approved March 2, 1867, title I'll
revised statutes, and an act entitled an act to
amend and supplement act entitled an act
to establish uniform system of bankruptcy
throughout the United States, approved March 2
1867, and for other purposes, approved June %,
1874, and all acts in amendment or supplement
tary thereto, or in explanation thereof. be and
the same are hereby repealed; provided, that
such repeal shall in no manner invalidate o.
affect any case in bankruptcy instituted ano
pending in any court prior to the day wheI
this act shall take effect, but as to all sucf
pending cases and all future proceedings there
| on, and all penal actions and criminal proceed
ings arising hereunder, the acts hereby re
| pealed shall continue in full force and effec
until the same shall be fully disposed Of in tn
same manner as if said acts had not been re
| pealed.
Mr.. Schleicher, from the committee on for
eign affairs, submitted report from tina
committee in reference to Mexican horde
troubles, together with bill in relation
thereto, requesting the President to keel
on the Texas border not less than so
men to protect American citizens and authoriz
ing the crossing of the border by unite
| States troops, until such treaty stipulation
shall be made with Mexico may secure a
efficient protection to American citizens an
property. Referred to committee Of til
! whole.
Mr.. Hamilton, from the same committed
submitted report and bill in relation to tn
Venezuelan and Mexican commissions. Th
bill repeats the act for the payment of &C
Indicated claims, authorized the President
20 into negotiation with Venezuela for tn
extension of time for the convention Of Apr
25th 1856, with regard to the filing and &C
| Indication of claims, and provides for q ne
commission to examine and decide all claim
passed upon by the former comm ission. Pril
ted and recommitted.
Mr.. Acklers asked leave to offer resolutio
for the appointm ent of a select committee
three mem bers, to proceed to Louisiana an
, investigate the charges of corruption and ma
feasance in office, preferred against A. NJ. Ca
ter, special agent of the interior department
and others, in connection with late seizures
logs in that State.
Mr.. Killenger objected.
Mr.. Cox( New York; introduced joint res
luton for q joint committee, to be denomin
ted the committee on census, and to take in
consideration the proper method to be e.
ployed for taking the next census. Adopted
Adjourned.
Miscellaneous Was1tiMgt01s Netrs.
WASHINGTON. April 25.-The Secretary Of
Treasury sent to the Senate to-day, in respor
t to the resolution of January 10Th, q stateme
b Of the issue of loans of treasury notes Fl,
! March 4th, 1861, to June Both. 1877, inclusi
8 }5shnviney that 7.30 honda Of 1881 Amounting