Savannah morning news. [volume] (Savannah) 1868-1887, 1885-05-21


as the length and breadth of the land reg
ulatlng the relations of debtor and credit
! or whenever they had equally extended
their mutual contracts. Therefore 1t
seems to me most desirable that the bill
known as the Lowell bill, acknowledged
by all to be the wisest measure which
legal acumen has devised and practical
experience perfected, should be urged
upon Congress as a law which will pro-
mote trade by protecting the creditor and
relieving the honest debtor by preserving
just, uniform and conservative safe
guard for ALL"
SOUTHERN OPPOSITION.
DR.. Fl. V. Miller spoke for an hour in
opposition to the passage of uniform
bankrupt law. He said that he spoke at
the request Of many of the best merchants
and business men of Atlanta. He gave an
interesting history of the efforts to secure
the successful operation of a general
bankrupt law. So far they had been at
tended by failure. The regulation of
| bankrupt laws should rest with the
! Legislatures of the several States. There is
no general necessity for uniform bank
/ rupt law, and Congress should pause, as
| she has paused for the past 50 years, be-
! fore she acts upon it.
Mr.. Scott, of New York, said that the
Lowell bill was good one, and spoke in
! its favor.
IMPORTANCE OF THE CONVENTIONS AC-
TION.
Mr.. Benson, of Alabama, said that the
action of this convention would perhaps
| determine the fate OF the Lowell bill. He
made brilliant speech in opposition to
uniform bankrupt law. He spoke of the
different systems of business in England.
He showed the results Of the operation of
such a law, and said that under it's Oper-
alton lcreditors did not get the assets; that
1t was matter of rich against poor, and
could not be arranged so as to operate
justly in all parts Of the country.
Philo Parsons spoke in opposition to
| the bankrupt law of Michigan, and said
that in doing so he voiced the sentiments
of the people of Michigan, the State which
| he represented.
Mr.. Malone, of North Carolina, was the
next speaker. He made strong speech in
favor of the law.
Mr.. Williams, of Tennessee, favored
national bankrupt law.
! Hon. Darwin R. james, of New York,
favored the bankrupt bill.
John Il. Willard, of Washington, asked
| if the discussion was still on the question
/ of the substitute. If so, he called for the
reading of the Lowell bill. The bill, how
| ever, was not read.
The convention then adjourned for din
ner, and on reassembling Mr.. Trenholm,
of South Carolina, occupied the floor ten
minutes arguing against the bankrupt
bill.
THE LAW DECLARED REQUIRED.
! II. l. Kimball was in favor of laying
Mr.. Learnine's motion on the table, be-
| cause he said that the convention had
| never examined the Lowell bill and was
| only acting on the say so of others. BY
| getting the bill out of the way the con-
vention, he continued, could get at the
main question direct.
Mr.. Learning thereupOn withdrew his
resolution and the convention took vote
on the original question: ''DOes public
interest require the enactment of a uni
! form bankrupt law?'' The vote resulted
as follows: Ayes 263, noes 1873.
Mr.. Trenholm then presented the report
of the Committee on Resolutions.
Hon. s. Dana Horton, of Ohio, delegate
of the United States to the international
monetary conferences of 1878 and 1881,
next sustained the affirmative of the reso-
luton looking to the stoppage of the
coinage Of silver. Mr.. Hankney, of Colo
RADIO, took issue with Mr.. Horton. not as
to principles but as TO methods. He spoke
on the subject for half an hour, after
which the convention took a recess.
INTEREST OF THE SOUTH.
After the recess Hon. G. @. Simms,
| member OF Congress from Colorado, took
up the discussion as to the suspension of
silver coinage, which be strongly opposed.
He said that the interest of the question
lay with the West and South,
and he dwelt at length
upon the point, promising that in
the next Congress he would do all he
could, in spite of the Republican party, to
build up the South. He would not allow
the party whip 10 get one single vote from
him against the prosperity Of the South.
AS to the necessity of suppressing the
coinage of silver on the ground
that there was so very much
more silver being received than
gold was not good reason, because the
premises were untrue. There is not so
very much more silver received than gold.
To judge from the newspapers one would
imagine that tine Comstock Bonanza
mines only produced silver, whereas it
produced ~ per cent. Of gold. There is
no overproductOn of silver. Therefore,
as there is no inequality Ia the product
of the metals, one should not have prefer
ence over the other.
The convention here suspended further
discussion on the silver question 10 hear
! Gen John B. Gordon discuss the subject,
Does the Republics Interest Require
National Control of Railway Transports
tiOnW Gen. Gordon took the affirmative.