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A General Bankrupt Law

A General Bankrupt Law image
Parent Issue
Day
26
Month
December
Year
1862
Copyright
Public Domain
OCR Text

The revulsions in business affaire produocd by tlie rebellion, have prostrated m;my au uprigbt man and inany a OOtnmerciai house, which, until then, were regardod as amoDg the sommest aud itroogost in the couutry. Some of these have sunk SDtirely outofsight; but others continuB to struggle on in the hope, cherisbed uionth af ter nxmth, that Congress, moved by a spirit of justice a woll as the dietates of sound poliuy, could not nmch longer refuse the enactment of a General Bankrupt law. Thus far, however, this hope has been only of the kind that is deferred until it maketh the heart sick, aud the delay is without any understandable cause. Nojust croditor caĆ­ object to a law so fraraed as to secure for his benefit all of the assesets of bis dobtor, wliile it sets the latter on lus fout, and makes him once moro a man amona business men. And no honest debtor can object to a measure which does full justice to his ernditors, wliile it restores to him the freeand uoburdened use of his brains and energies for tho support of hitnself family, and fur tho general good of society. All the details of sucb a measure have been fullj7 discussed aad matured, and we earnestly ijjvoke for it the prompt and favorable consideration of

Article

Subjects
Old News
Michigan Argus