The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-05-01
THE BANKRUPT LAW AGAIN.
SENATORS DTsCOrERfN0 THAT THEY
ARE OPPOSED TO IRIS REPEAL

6GNA1OhS DfSCOEERfNO THAT 1hE1
ARE OPPOSED TO ITs REPEAL
Three Motions 10 Refer the Bin Voted Down,
and n Fourth Pendins-Mr. Randall on Re-
p.sI,c-n Extravaganza. and His Record.
WASHINGTON, April 3o,--In the Senate, Mr..
MerrDion dem. N. c. moved to refer the bill
10 repeal the Bankrupt law and the House
Amendments to the Committee on the Judiciary.
Mr.. Beck dem. Ky.) objected. and demanded
The yeas aud nays.
Mr.. Christiancy tIiep.. MichJ also opposed
the reference.
Mr.. Conkline Rcp.. n. ~ said that a good
many lawyers and judges were disturbed by
bclicf that the saving clause in tho bill was too
narrow to save a certain class OF actions Deem
cd msritorious. He thought It would be bcst TO
lot the bill 20 to the Judiciary Committee.
Mr., Beck said that. II any good wus to come
NJ tho passaRe OF the bill. the sooner II was
passed tho better. All sorts 81 fraudulent pc
titions in bankruptcy wore being filed. Every
dny's delay cost millions.
m amendn!en exemptng pending suits by or
against aesignees.
Mr.. Ingalls, rep, Knn.l said the clamor for
repenl came from the creditor class. not from
the debtors. He was for well-regulated bank
Mr. Dawes REP. Maes.) WINS for reference.
and also In favor OF n bankrupt law.
Mr.. Davis lind. Ill said that he thought II
repeal the law 1t was To leave great class Of
unfortunate debtors at the mercy OF their cred
Mr.. Allison rep. Ia) said that II was not for
the interest OF the people TO have the law re-;
pealed at this time. He moved to refer the biii
Mr. Matthew'S lRcr.. ohiol favored the ref
The b %HV was assent tempcrSri i laid aside
Mr. Morrill, REP w. from ths Go HIM co on
current resolution. declaring it inexpedient
either TO maintain or impose taxes 81 TINS time
for the 81 1 ror Tn not 10 bny
any bonds for the reduction Of the principal OF
the national debt I'll the further order Of Con,
Nj: butter Dem. 5. CO submitted an amend
ment to the bill to repeal the Special Resump
ton act, now on tho calendar repeating section
8.412 Of the Revised Statutes, which imposes
tax Of 10 per cent. upon TIE circulating notes oil
Mr.. Cockrell Dem. MOI. from the Committee
on Military Afairs. reported without amend:
OF the United States TO appoint James Shields Of
Missouri a Brigadier- General in the United
States army on the retired list. Placed ON the
A report from the Conference Committee on
the Naval Appropriation bill was unanimously
bill 70 repen the Bankrupt law.
Mr.. Matthew'S exhorted the Senate to pause
before taking this final and irretrievable step.
Mr.. Hill Dem Ca said that there should be
n uniform system oil bankruptcy, but he thought
II idle 70 expect that the present law could be
amended.
Mr.. Hoar (Rep., Mass.) said that the present
law was clumsy. costly. tedious. and INSULT
Client. but 1t was n very inopportune time now to
Mr. Edmunds rep. VT said that its repeal
would be disastrous.
Mr.. Conkling SAID that his own vote on the re-
peal was influenced chiefly by the fact that the
legislature OF his State had Instructed him to
vote for II.
Mr.. Thurman Dem. Ohio) moved to instruct
the Judiciary Committee TO report the BILL with
such amendments rs they may propose. to the
Senate on Thursday next He believed the
people OF Ohio were almost unanimous in Ia
vor OF repeal and he would vote for II, though
he expected to live long enough 10 hear clamor
for a new bankrupt law.
Mr.. Thurmans amendment was rejected
yeas. 81; nays. az. as follows:
YEAs-Nessrs AR,-ra. <nJony. Baysrd, Boob. Br,~e,
psr.fe. Butler oImeor (wis ch s,, chrtstnSep Davis
w Val Dos.,y. Eins~h, Eu.us, Grover. HiS'6n, Hcir
Bsni-bury. S,ssi,,. Thurman Wisios-27
NAYs-he--ra Bailey. Beck. CrWeron pal. Cockrel,
Coke. DAZZLING. D.He, Eaton; f,ry Garland, Harris,
VOORHEES,. Wade'gh walaee-27. Republicans in italics
Messrs. Davis OF Illinois. ingalls,. Jones Of
Florida. and Patterson, who would have voted
yea. were paired with Messrs. Mcdonald. KEEL
logR. Conover. and Teller. who would have
Messrs. Alson'e and Merrimon's motions to
refer were rejected.
Mr.. Edmunds moved to refer the bill and
House amendments to a special committee OF
three Senators. Of which Mr.. Christiancy should
Be Chairman.
Mr. Allison moved that the Senate adjourn.
and that the bill and amendments be printed.
Agreed to-yeas 81. nays H.