The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-07-24
DEBATEON BANKRUPTCY.
THE HOUSE DEvOTES ANOTHER
DAY TO THE MEASURE.
Representative Catchins Denies That

Representative Catchins Denies That
the General Outcome of the Old Law
Had Been Bad-Representative Outb-
waite Criticises the Present Method
of Legislation in the House.
Twas HINGToN, July 23.-In the House
this morning Mr.. Lacy of Iowa submitted
the report of the committee on elections in
the West Virginia election case of McGinnis
VS.. Anderson. The report, which is in
favor of the contestant, was ordered printed
and laid over.
Mr.. Conger of Iowa, from the committee
on coinage, weights and measures, reported
back a resolution calling on the Secretary
of the Treasury for information as TO why
trade dollars. held in the treasury as assets,
have not been coined as required by law.
Discussion of the bankruptcy bill was
then resumed
Mr.. Abbott of Texas criticised the meas
ure in many of its provisions. He would
approve Of bankruptcy bill which would
do justice to the horest debtor and which
would protect the honest creditor against
the dishonest deb.or. This the pending
bill did not do. 1t was a measure in the
interest of the creditor class.
CATCHINGs APPROVES IT.
Mr.. Catchings of Mississippi approved
the measure While he admitted that there
had been a uses under the old Law. he did
not agree that the general outcome Of that
law had been bad He thought the general
effect of the law of 1867 had been Of great
benefit to the commercial interests of the
country. 1t was urged in opposition to
the pending measure that it was
asked for by the commercial
interests and not by the agricultural inter-
ests. There was no weight in this objection.
The bill was intended to operate upon COM
mercial interests. 1t demanded good faith
from the creditor and debtor classes. 1t
was an adroitly and wisely framed measure.
CULTIVATE CRITICIsEs THE METHOD.
Mr. Cultivate of Ohio criticised the
method in which this important measure
was being considered. or rather discussed
Qor it was not being considered), by the
House. This mode of legislation, if it
might be dignifled by such term. was
simply preparing a measure to be sent over
to the Senate, i'll the hope that that body
would make law that was of some account
and might be properly placed on the statute
books.
Mr.. Wilson of West Virginia gave his
adherence to the bill. In some particulars
it might be improved by amendments, but
UIOoo amendments W GIG LLle@iuIJ LOT
details of a minor character.
THE COUNTRY NOT READY FOR IT.
Mr.. Breckenridge of Kentucky did not
believe that the time had come when the
country was in q condition as to pop llation,
labor and wealth to adopt permanent
bankruptcy system. There was no exigency
for bankrupt law TO remove the evils If
any condition of depression or widespread
bankruptcy indebtedness. The pending
bill was one framed for the great
commercial centers, for crowded popu-
lations and for trading people. 1t was
not for the interest of the farming class
1t was strongly in the interest of the men
who transacted their business on paper II
was a hard, unjust and wholly unfit meas
ure to the agricultural interests of America.
o her members who debated on the bill
from every stand. from extreme opposition
to absolute favor, were Messrs. Frank of
Missouri, McCord of Wisconsin, Perkins of
Kansas, Kelly of Kansas, Peele of Arkan-
sas, Adams of Illinois, Kerr of Iowa. Nc
Adoo of New Jersey. Buchanan of VIr-
ginia, Boatner of Louisiana and E. B. Tay-
lor of Ohio.
The bill went over, and the House at Sis
o'clock adj burned.