The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-26

PT3-IR0N KELLEY.
/ Dir. Kelley agreed with Mr.. FRYE, ant
wanted a permanent bankrupt law. In tn,
course OF his remarks he spoke Of the re
sumption act and like financial measures a.
internal laws, and, like Mr. Ewing, looked
upon the repeal Of the bankrupt act as
supplemental outrage to these great wrongs
/ Mr.. TILDES's MAN SPEAKS.
Mr.. Hewitt explained the difference be
tween insolvents and bankrupts. and sait
the present bankrupt law needed to be sc
amended as to leave it to the court to say
when man is 4 bankrupt. lie opposed the
substitute because it would give dishonest
men six or eight months in which to hide
their effects, and he was also opposed to the
motion to commit. He preferred the re-
peal OF the present law, and would vote
4! for the Senate bill rs amended by Mr.
Knott, as he could not get the legis.
lation he wanted. He said, in reply
10 Messrs. Kelley and Ewing, that the
| financial embarrassment and low prices
that prevail all over the world are the re.
suit Of over-specuiation. Through much
tribulation the commercial world will again
reach solid basis OF trade. and then bust.
ness will prosper.
Mr. White, Of Pennsylvania, expressed
surprise at his colleague, Mr.. Kelley, and
opposed the motion to commit, and urged
the repeal OF the bankrupt law.
GENERAL BUTLER OPPOSES REPEAL
| General Butler opposed the repeal of the
law in q speech of twenty minutes, and
urged the reference Of the whole subject to
the Judiciary Committee, so that proper
law might he Trimmed. SIr. Calkins, of In.
diana, advocated the repeal OF the law, and
there was further running debate between
some OF the members already mentioned.
The motion to commit was lost, and the
substitute OF Mr.. Mcmahon voted down.
The only amendment adopted was
| that OF NIr. Knott, which carries the
bill back to the Senate. On the final
passage OF the Senate bill the vote stood
| ayes 207, noes Al. Some of those voting in
| the negative did SO because the time for
voluntary bankruptcy was not extended to
| bill with only six dissenting votes it will
! Immediately concur in the House amend
ment. The bankrupt act may be therefore
regarded as already repealed. As the Sem
ate has adjourned until Monday the
lbill cannot reach that body until
that day. The probabilities, however, are
that it will be at once acted upon and so to
the President by Tuesday. The President,
everybody says. will certainly approve it,
and by Wednesday, if there is no unncces-
sary delay, the present bankrupt act will
! cease to be Il law. There were only forty
seven in both the House and Senate against
repeal.
| THE SUSPENSION OF THE SINKING FUND.
| The House Committee Of Ways and
Means to-day diseased the proposition to
suspend the sinking fund, and agreed 10
take vote on it next Tuesday. 1t is very
certain that the committee will then decide
in favor of it, as all the Democrats aM some
Of the Republicans are known to be for the
proposition.
| BRIEF ITEMS.
! 1t looks as il MI. Simon Wolf will lose
the office OF receiver of deeds for the Dis
trict, and score OF hungry applicants are
after the place.
DIR. Goode, OF Virginia, was among those
invited to go to Boston tomorrow, but
pressing business in Congress would not
permit him to leave.
| Senator Withers continues 10 do we'll after
the operation on his eye.
The Southern Methodist Book concern
claim comes up just as soon as the calendar
is disposed OF, and therefore will be reached
soon, Senator Merrimon, who has exam.
ined it carefully, says it could not be
stronger.
Mr.. Hanna has published the list Of So
called southsgn war claims in his buncombe
speech delivered last night.
ii you take trade-dollars to the mint they
will net you 934 cents rs bullion.
Last night 100000 young .shad were put
in the Potomac between this city and Fort
| Washington.
Mr.. Vance, OF North Carolina, delivered
speech last night in the House, in which
he set forth the advantages North Carolina
Virginia, and other southern States hole
out to immigrants.
The Florida confessions were again dis
cussed to-day, and will lead the Judiciary
Committee Of the House to make a full ant
searching investigation OF the electora
frauds. While their report will not deprive
Dir. Hayes OF his seat, it will prove, Demo
cratic congressman say, powerful docu
ment among honest people OF all parties.
Associated Pies reports by telegraph to the Dis
| patcll.l
George Bliss, OF the new loan syndicate
was before the Committee on Banking ant
Currency to-day, and explained its opera
tons. lie saw everything to make him be
iieyc that specie-paymcnt could be resumed
on July 1st He thinks that England ant
France will facilitate measures for resump
ton.
An entertainment given Tonight by Mr.
Campbell was attended by the Secretary O
War and all the army officers on duty here
and was very brilliant affair.
(XLNTA CONGRESS--SecondS SESSION
WASHINGTON, April %, 1878.