Morning journal and courier., 1883-08-15
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 The need of national bankrupt law. has been made very plain by the larga number of failures which have occurred this year. It is much to be regretted that Congress did not pass such a law last winter, when it was earnestly urged to do so. If the Low ell bill had been made law the right thing would have been done. Tbis bill was very carefully drawn. It aimed to avoid all the deficiencies of the old law and to make many improvements. It was unanimously ap- proved by the largest commercial bodies of all sections of the country. It probably would have become law if the tariff and revenue questions had not prevented it's proper consideration.
 We are glad to see that a movement is on foot to secure the passage of a national bank rupt law at the, coming session of Congress It is not too early to begin work in this di- rection, and if the matter is properly dis cussed and pushed from this time on some- thing may be done. The New York Board of Trade and Transportation. which has been unremitting in it's efforts to secure the pas sage of bankrupt law, in order to ascertain the present sentiment and opinion of the various commercial organizations of the country, has addressed to them 8 circular in which the following questions are asked
 l, Will your organization send one or more representatives to such convention
 2. Will you aid the enactment of 6 just and uniform bankrupt law by expressing your desire for the same to your senators and rep resentatives2
 3. Will you favor us with any suggestions on the subject which you may deem of i'm portance in aiding the work
 It is stated that the answers thus far re ceiyed are emphatic, and give assurance that the business organizations of the country are a unit in the matter. The views held by most business men upon this matter are well set forth by leading merchant of Boston. He said: Nothing is unsettiing confidence and business men more than the great risks run in doing business Withoat such law. We have to sell people now very largely on their honor and not on their capital and means Only the other day retailer in New Hampshire owed us $500. He was rather slow pay, and as the "grab law" in that State gives the preference to the first attachment, we decided to protect ourselves, and so we attached. We were moved to this because only short time before e party owed us and we lost our debt because another creditor at tached ahead of us. Another experie nee of ours has been with firm in Indians that oon- fessed judgment for 0,OO0, which makes . lien on their property, and we do not now think we shall get our debt. Then we had ease in Schenectady, N. r., where man who owed us gave preference to all of his rela- tiyes, and who will probably exclude our claim. With national bankrupt law all would share alike, and that of course is the only equitable way to settie up an insolyent estate. With the present uneasiness, no measure would tend to create the confidence that national bankrupt law. would
 The Lowell bill, or better bills if one can be drawn, (which is open to doabs) should be passed by the next Congress. The pres ent system, or, rather, lack ofsystem, gives rise to too much confusioa, distrust, unfair- ness and dishonesty: sei'il9s C. 9szs