The clarion. [volume] (Jackson, Miss.) 1883-1888, 1884-04-02

- / j.
Apart from tariff reyisicn, probably
he most important measure before Con-
gre.s i the bankruptcy bill, which has
hem reported favorabIy in both houses
and win likely become a -aw during the
n,esent session. This bill has been most
carefully prepared and revised, and seems
"a meet the desire Of the whole country
for some just, permanent aad general legls-
Iation on the important subject to which
it relates. The subjoined article from
the Memphis Appeal We heartily endorse;
The members OF Congress, not only from
Tennessee but all OF the States OF the south,
will consult the interests Of those OF tnelI
e,n.titnents who are engaged in trade or
corn eree. bv giving personal attention 70
~ I ,awelI bankruptcy bill recently report
~ and fayorabiy, back 70 the senate and
| he House by both judiciary committees.
| 40 measure of legislation now before the
| National Legislature is more pressing than
| this. If We except the Morrison tarIn resls-
/ ion bill. Ever since the act OF 100 was
repealed the great commercial eehlefs u
| he country have been clamorous lof
| measure fuller, fairer and luster IN u
| terms and scope, that would give business
men all the advantages OF UNIFORM sys-
tenn of bankruptcy, without the trouoie,
expense and drawbacks OF that aet, y
which the creditor generally lost 50 heasiis
in expenses as to be deferred from fePe'
,;t;on ~ \ suit ii a compromise on any
seasonable terms could be reached. Tht
Soutb especially feels the necessity Tor
;. oat;onaI bankrupt act, as has been testified
To nv the leading newspapers OF this sec
lion and the action Of the leading CONNER
cial bodies. The Memphis Cotton tx
| change some months ago eagerly and ear
nestl9 Endorsed the Lowell bill, which
, .ince its revision, is undoubtedly one
the most carefully d. n bills ever pre-
.ented for the consideration OF Congress
The best legal talent OF Boston an
New York and the highest mercar
Tile ability and experience OF the eoun
I try have been called to scrutInlze II
, every section and compare them with tn
| act of 1867 and the existing English &c
With results in the highest degree sat stat
e tory. Judge Lowell has embodied tn
+ ripe experience Of the English-speakln
: | people in the laws OF debtor and credlto
and men of all sections feel sure that
the strength Of all sections they coui
n trade and traffic with a sense OF seeurii
n now denied them by existing State law
national bankrupt act is pressn
aecessity of the times. 1t is more urgen
d If possible, than the act proposed by he
!? resentatiye Reagan to regulate interesta
commerce. This bill of Loweli's, with 4
Endorsement. as We have said, OF the yud
s. ciary Committee of both Houses, ought
5. pass this session. To accomplish this it
: only necessary for members OF Congress
u take hold of it with will and push
le through. Debate upon it is not likely
II be. and need not necessarily BE-, either pr
- longed or tedious. A comparison OF
- with the act of 1867, and the existl
II English act, will be sufficient to make
as merits plain, and its necessity being ;
r. ready admitted on all hands, th-re Is u
much room for deb ,te. We ask the mel
ut bers of Congress from this State, from A
lg bama, Mississippi and Arkansas, esPeei
l. ly, to make the espousal and enconrat
: nent of it a special ddty, and TO labor a
y vote for it until it is passed.