The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-26
precision was the result OF congressional legis-

II IL IN
precision was the result OF congressional legis-
lation.
fit and he wanted 1t swept from the statute
boox. It was not q benefit, but an oppression
to the laboring men. He was especially op-
posed to the involuntary feature which en-
abled heartless creditor to throw debtor,
who wanted to be honorable, into bankruptcy.
Mr.. Hale, OF Maine, here submitted the
conference report on the deficiency appropri-
alton bill and 1t was agreed to, after which
the consideration OF the bankrupt repeal bill
Mr.. Kelley, Of Pennsylvania, said that the
argument OF Mr.. Lapham In favor OF repeal
was really an argument against it, He Mr..
| Lapham) said that bankrupt laws were passed
| to meet times and seasons of distress. The
| people OF the United States were never in
more pOrtentous crisis than that which over
| whelms them to-day; business Was never so
stagnant as now.
Ever since the resumption law had passed
we were told every three months that We
would soon reach hard pan; we were told that
last years crops would relieve the country.
Last years crops had come and gone, and for
the first quarter of this year there we're over
1000 o bankrupts and bankruptcy, aggrregatlng
S82, 0OO, 900, or $1S000,00O more than the cor
responding period Of last year. Ii the bank
| ruptcy laws are to relieve men In crisis in
the name OF God let this law stand.
Look at your revenue! 1t is shrinking day
by day, and month by month, because the
people are unable to purchase the articles
which would add to the revenue OF the coun-
try. The revenues from internal taxes are al
ready one million less than the corresponding
month last year. Already, by comparison,
we have lost ten millions, and he begged the
House to pause and not to force further bank
ruptcy on the country by leaving business
men without CLEAN of hope, a little lining
to the cloud Do not force more men into the
rn n 70 NJ VI m 1nnk nc
an oppressor, and on Congress as wrong
dOer.
Mr.. Hanna, OF Indiana, said that the Legs-
latnre OF his State had instructed their
United States Representatives TO vote for the
repeal. He would have done SO, even in the
absence of instructions.
Mr.. Hewitt, of New York, was opposed to
the substitute of Mr.. Mcmahon, for it CAV"
assets for eight months to come. He took is
sue with Mr. Kelley and Mr.. Ewing, AMI
argued that tho country was marching
steadily to prosperity. 1t was now down to
hard pan.
Mr.. Frye, Of Maine, denied that the evils
affecting the country were the result of the
resum ption act. The nearer we are to gold
basis, the nearer we are to safety. He would
vote for Mr.. Hunton's motion to refer.
Mr.. White, ofPennsylvania, would also vote
to refer.
Mr. Butler, Of Massachusetts, depicted the
haste that characterized legislation In the
House. This repeal Dill should be carefully
considered. II ne had been a member OF the
last Congress ne should probably have voted
for repeal, because he thought that the coun-
try WAS getting down to hard pan, but he
found that 1t was not SO. 1t does not matter
Would Congress. by the proposed action, out
law the men who were shortly insnlvent
Like the bill that passed yesterday, this bill
has never been carefully considered in this
House. Better send 1t to the committee.
Mr.. Willis, of New York, argued that the
bankrupt act had not fulfilled the mission in
tended for it. He would vote for repeal,
but he would offer an amendment that the re-
peal take effect on the first day Of next July. |
Mr. Springer said that he hoped that Con-
gress was within six weeks of adjournment, |
to pass the appropriation bills, repeal the
bankrupt act and go home.
Messrs. Phillips and Calkins, of Indiana,
advocated an unconditional repeal.
Mr.. Potter, OF New York, opposed q refer
ence, and wanted the law repealed.
The previous question on the bill and (,
amendments was then seconded.
Mr. Hunton's motion to refer was rejected |
Yeas A, nays 145.
Mr.. Willis amendment to make the law to
take effect July / was also rejected.
Mr.. Knots amendment perfecting the
Senate bill was agreed to.
Mr.. McMahOn's substitute was rejected.
The bill as amended by Mr.. Knott was then |
passed by vote of 2O6 yeas to 80 nays.
Those voting In the negative were Messrs |
Ballou, Blount, Bnckner, Butler, Clark of
Missouri, Clark OF Iowa, Cook, Grape, Cutler,
Dawes of North Carolina, Dean, Games,
Goode, Hall Harris Of MASSACHUSETTS,, Hart