Year: 1865

REPORT ON THE RECIPROCITY TREATY-MEMORIAL


AGAINST THE BANKRUPT BILL.


special meeting Of the Chamber of Commerce took
place yesterday, A. A. Low in the chair


Mr. BLooDGooD said that the report OF the com
mittee the Reciprocity treaty still in the
hands of the printer and that he desired the
postponement of action upon the subject till
next meeting He considered the bill had passed
Congress too hastily The Boston Board Of Trade
eriing itself TO have the treaty modified especially in
relation to the fisheries He argued that the treaty is Of
advantage to the United States than to Canada,
which takes sevonty-two million dollars worth OF goods
annually from the United States


The proposal for postponement OF the subject was
agreed TO.


The following copy OF a memorial from the Boston
Board OF Trade against the passage Of the Bankrupt BILL
was read by the secretary, with letter requesting the
cooperation Of the Chamber


To THE HONORABLE TUE SENATE OF THE UNITED STATES


The Boston Board CT Trade respectfully represents
that the bill entitled "a bill establish uniform system
Of bankruptcy throughout the United States" which has
received the sanction Of the House of Representatives.
and is now before the Senate Is calculated u enacted at
the present time, TO result very dsasrousy 10 large
number OF citizens OF the North, especially in the North
cities, who creditors Of persons living In the


IL Is believed that debts amounting 500 900 are
due TO parties in the North from individuals in tho afore
said States.


During the past four years there has bocn no oppor.
tuny to press these claims for settlement in the local
courts, and II the Bankruptcy bill before your honor
able body shall become law before Northern creditors
come in contact with their debtors take per-
sonal measures TO collect their dues this Board believes
that the rights Of such dors will be seriously preu
diced and that many estates will be closed up In bank
ruptcy at loss TO all concerned which, under existing
laws and under the liquidation Of the creditors might be
settled without sacrifice


The Board Is that the thirty second section OF the
bill referred TO provides that discharge shall be
granted, II granted, shall be VALID II the bankrupt
have borne arms against the United States given aid
comfort to the enemies Of the United States 10
rebels against the government or authority thereof


But az In many instances II will he impossible 20 bring
home the charge OF disoyalty against those seeking
avail themselves OF the benefits OF the BILL II enacted
believes that this provision will fail 10 its object
and that the loyal creditors OF dsloya debtors will suffer
in consequence. This Board, therefore, respectfully
moriazes honorable body to postpone the passage
OF the Bankrupt bill now under your consideration until
such time shall have elapsed after the OF the
revoed States as shall give Northern creditors opporu
nifty 10 negotiate with their debtors those States for tho
adjustment Of their claims.


The communication referred to the Committee
Arbitration


The Chairman OF the Arbitration Committee submitted
draft for an amendment granting powers TO that CON-
mittcc.


The Chamber then adjourned