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Congressional

Congressional image
Parent Issue
Day
8
Month
September
Year
1841
Copyright
Public Domain
OCR Text

On Monday, August l8ih, Ihe Bankrupt Bill passed the House by vote yeas 111, nny es 106. 23 Whigs vuted against it, and two' Demócrata for it. It has 8nce received the: Ejecutivo sanction and becomo a law. Tho time for the bill togo into operation was fixed at Fcb. 1. The Bill provides, Bubstanüftllv, that all porsuns vvhatevor owing debta not created by defalcations as public oflïecrs, executors,: administrators, guardians, or trustees, may present a petilion to tho United States court' for the district where they live, setting forth! a complete Hat of their credilors, the amount duo, kc. and also a full inventory of, their property upon oath, declairing their in ability to pay their debts, and may iherèup-j on be dccrccd to be bankrupls, nnd upon an , equal división of their property among their. creditors, receive a certifícate dischargmg them from al! their debts. Aleo, all merchants, bankers, factors, brokers, under-wnters, or marine insnrers, owin debts to the amount of two thousand dollars, may be proceeded against as bankrupte upon petition of one or more of of their creditors, to who m they nrej indebted in the Eum of five htindred dollars.' On Friday, August 20th, Mr. Sargeant of Pa., introduced a new Cank Bill, which was eupposed to bo moro nearly conformcd in its provisiona vvith the Presidents views. The bill ia identical with the one he vetoed, except n these important respecte: 1. The capital to bo g2l, 000,000 insteftdi of 30,000,000. 2. To deal wholly in oxchanges, to have no power of Jocal discounting. 3. To bo called the(Fiscal Corporation" elead of Bank which namo ia not to be u-1 6ed at all.4. To have ogcncie9 n the States, in ; Btoad of branches, which are to be located : without the assent of tho Slates. The Bill was deb&ted on Saturday and coma up ugain on Monday. At four o'cloek the question was taken - yeas 125 - nayea 94 - majority 31. Tho following title was placed upon tho bill: ''An act for the better collecting, safe kreping, transfer, and disbursement uf the public revenues by means of a Corporation, '. styled, the "Fiscal Corporation of the Uni-; ted States." " j An oppropriation of 497,000 dollars to : pay the debts of the Post Office dcpartuaonti was proposed. 1 QjT'The Ricbmond papers and thcir correspondents are busily engaged in discusaing the conrse the South ought to pursue at the next 8C88on of Congress in reference to re-: ceiving al)olition petitions. They are very much opposed to the nom-; ination of Mr. Everett, of Maeeuchusetts, for Ministerio Kngland, on account ofhis aholition principies, and they condemn the nomination as "a great blunder," in Mr. Webster, and as indicating " a want of common senso." They contend that the intereats of the South would nol be safu in such hands. The slaveholders have already five out of six of the nominations for Foreign Courts, and they will not be content unless they receive them all! And yet the number of Northern freemen is more than doublé the numbor ofthoseofthe South. To sucha state of subjection is the North reduccd. GCfThe nomination of Mr, Everett,as Minister lo England, it is said, has been laid on the lable in the SeDate, by a majority oí' two. It is also said to be the intention of tne President to revoke the nomiatiou,