The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-02-06
NEED or A NATIONAL BANKRUPT LAW
m " Shipping Listl

The merchants of the Loading cities are gront-
~ dissatisfied with ths, State insolvnnt Or grab
rupt law. The bali wns got IN motion by the
commercial associations of Boston. aud has
been taken ~ by, those. Of New York and the
other leading cities. A new act hns been
drafted. and is said to be free from the Rlarng
errors Of the on" repealed In 1868. II this be the
Carefully coneid es by Uongaess Heretofore
unfortunately. Congress- has never exercised
Its reserved power to estnb ish q uniform sys-
tunntely dem. nded II for their relief. and then
Ii has had regard Ia tho provisions of the
statute to tho debtor class alone. Hence the
three national bankrupt acts, which we
have had were loosely framed and grossly cor
rupt and corruptinR In their operation; The
rights Of creditor. were entirely overlooked.
The machinery Of tho statute WIS cumbersome
and It's working costly. Between the sharp
practices of bankrupts and the heavy expenses
q bankruptcy proceedings; such assets the
pretty closely used np Asa consequence. the
business Glasses became disRusted with their
intuutty aud the corruption which they fos-
tered and clamored tor their repeal IN spite or
; suggestions OF amendment: and clamor car
ried the day. This Ia Just Tho time for dis
passionate consideration Of the subject. Ac-
cording to, all precedent. cycles OF depression
follow cycles OF good times In regular order
and 1t is safe to say that after the cycle Of good
times upon which We are now entering has run
Its course the necessity for uniform insolvent
law will be much more imperative than 1t Ia
ct present. liz 1t wise to walt the advent OF such
a stringent need instead Of now calmly and
thoughtfnlly providing for itl We hold that
judicious national bankrupt law is as needful
and proper as u uniform system OF naturAliza-
ton.
THE DRY GOODS TRADE AT NEW YORK.
We extract the following from tue Now York
Chronicle:
THE DRY GOODS MARKET
has been active and bnuynnt the past week.
There vas a large movement ia staple cotton
and wooden goods from first hands, and such
spring fabrics M prints. ginRhams. dress goods.
piauea etc. met with very liberal sales. Prices
makes OF cotton goods. calicoes. etc. were
marked up by agents wi hout checking their
to realize the fact that nearly al textile fabrics
are not only in light supply but actually scarce.
DOMESTIC COTTON GOODS.
There was an active demand for nearly Nil
kinds of plain and colored cottons at agents
hands and liberal sales were made (in package
lotsl by a few OF the larger lobhers. Brown and
bleached goods we're taken freely. notwithstand
Ing material advance in prices. and there was
OF colored cottens. cottonadol. chevtots. eta.
White goods were also In good request. as were
Riques. quilts and other fancy cotton fabrics.
Print cloths were in steady demand and very
strong because OF the very light supply.
DOMESTIC WOODEN GOODS.
There has been steady improvement In the
demand for heavy woolens adapted to the
wants OF the clothing trade. and orders for such
fabrics were placed with agents to an important
aggregate amount, Heavy union cassimeres
we're sought for In liberal quantities. and there
was also a good inquiry for low and medium
grade Atwood fancy cassimeres and suitings
Heavy cheviots. tceived a good deal of atten-
ton from clothiers. and there was a fair. though
somewhat Irregular. demand for worsted coat
ings. Rough faced and plaid back overcoatings
continued In steady request, and there was q
nqns Tor y and
woolens are firmly held. and stocks are exceed
ingY light for the time Of year. many styles
being under the control Of orders. Kentucky
j cans and satinets were In fair request aud
steady and there was q steady demand for rela-
lively small parcels Of fiannels and blankets.
Worsted dress goods have been opened IN
spring colorings. and large sales OF the most
popular makes were made by agents.
FOREIGN DRY GOODS.
There was fairly active movement In linen
goods. which are very firm and advancing. and
dress fabrics nave r caived more attention. but
foreign goods generally were only In moderate
demand.