Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1901-06-14
was AINGTON LETTER.
WASHINGTON. JUNE 10th,


Is country to undergo. another
3Yd ta ~discussion9 The question is
Bang I'd in Washington since Sen
ator w expressed the opinion that
Pres Mckinley would be again
nomlna d. These who remember the
bad blood aroused by the attempt to
give Gen. Grant a third term. and who
are not personally interested, hope that
Senator Depew's interview was not
the result Of a previous understanding,
as some say II was, 10 make a serious
attempt to give President Mckinley a
third term. and among them are some
OF Mr.. McKinley's best friends and
strongest supporters, because they
know such an attempt is bound to stir
up strife. owing to the large number
who believe that to give any man a
third term, no matter how successful
his two previous terms have been.
be dangerous to the welfare, If not to
the very existance Of the republic.
and who will resist 1t with all their
power. The only argument in favor
Of a third term for any President, holds
equally good as an argument in favor
Of a life-tenure for the President, and
with that the country would cease to
be a republic. Some Of there who
know Senator Depew's propensity for
joking, are inclined to believe that, not
having been doomed himself, he gave
out the third term interview for the
purpose Of having a little fun with the
several boomlets that are being unused
in behalf Of brother Senators, and that
it bad no serious meaning. That may
be true, but 1t would be just as we'll for
the opponents OF a third term for any,
body, to speak out and stop the joke
before 1t goes too far. The President
could, Of course. end 1t at once. but he
is only human. 1t will be remembered
that President Cleveland said he would
only serve one term, but he served two
and is believed to be willing to serve
again. The Presidency Of the u. S.
is a thing that few men are willing to
decline.
A report, just submitted to the At
torney General, on the operation Of the
National Bankruptcy law for six
months, ending March 3lst last, after
giving the number OF petitions filed
during that period, which were fewer
than for the corresponding period last
year but about up to the average for
each period Of six months since the
law vent into effect, says the experience
gained by commercial interests under
the present law has afforded a keener
insight into its practical advantages
than can be expected or could have
bee sat shat ~bjie ths exist
d 81 the present lazy S no gaarans
fraud, or thai tie dishonest
dsbsor viii eudsgor to use ais machin-
cry TO his advantage and to the detri-
ment Of the creditors whenever posi-
BILE, yet the opportunities under the
various state assignment and insolvency
laws were SO much greater and the
frauds frequently so much more fra
grant, that the Federal law has come
to be looked upon as one Of the most
beneficient and advantageous to the
business world that has been placed
upon our statute books for many years.
That the bankruptcy law needs some
amendment was emphasized by a re-
cent decision Of the Supreme Court
that under the law as it new is. any
partial payment made within four
months prior to the filing Of a petition
in bankruptcy, constitute a preference.
and that the creditor receiving such
partial payment cannot prove the bal
ance Of his claim unless he first sur