The New York Herald Newspaper, January 19, 1842, Page 2

te Anti-Bankrupt Law Meeting in the Exchange yesterday. Pursuant to the previous announcements, & meet ng of the merchants aod others in favor of a repeal of the present Bankrupt Law, assembled in the Ro- tunda of the Merchants’ Exchange yesterday after- About one half the number of persons as- nbled at the Anti-Repeal Meeting were ia atten- eon the present occasion, Attwo o'clock, Davip Banas, Esq., was called to He read the requisition calling the meet- and the following gentlemen were then ap- oited Vice Presidents and Secretaries: ‘on cheer.) Whoere the bankrupts? The Laughter, cheers, hisses, groans, and cries of “ Knock the old scoundrel down.”] Come my boy—iyou’re not the man for Tremendous cheers, and cries of “Go on, pay what we owe—weare the bene society. (Enthusiastic cheering] The Wall street fellews live beyond their means—ruo into deht—beg, borrow and steal—a th perty over to their wives.—[Cheers cheat every body—[Groans—cheer: and“ Turn the old rascal out!” “ ood a right to 8] “Go on, Maginnis!) The mechanics pa contract for and contrret what they —And that’s what the can't do—or at least they don’t do. cheers and one or two fights.) (Boys, lll stand my ‘will you stand by me—(eries of “we will” and vctly passive and allow the surrender or not, Louisiana the insolvent calls it * suing hi uughter) and it ia the creditor generally finds his hands ’ 5 without desiring to be sued by his debt in, a8 to the consent of the creditors. N ed. Tobe surethe creditor may yo to a Jury—buton what? Notonthe question whe ther the debt was improperly oontracted—whether the peréon was @ gambler or a reck! POSTSCRIPT. ‘Washington. [Correspondence of the Herald.] Wasnrxeton, Jan, 17, 1812. Bankrupt Law— Apportionment Bill—State of Parties — Office Seekers. The declaration of Mr. €lay to-day, that he could not be governed by the instructions of the Kentucky Legielature,has inspired the friends ef the Bankrupt Law with renewed hepes of the defeat of the repeal bill in the Senate, though the result is still doubsful. It is supposed to-day that Mr. Rives will go against If that shall be the case, and Mr. Cuth- bert, of Georgia, who usually stays away until near the close of the session, arrives, the vote is expected to stand 25 te 25. The suggestion that the repeal bill might be veteed by President Tyler, has excited much discussion, and some excitement here.— Nothing is known on the eubject; but the fact that the President senta special message to Cengress in favor of the law, and a knowledge of the firmness and consistency of his character, has produced an impression which is almost universal, that he would withhold his assent from a bill repealing it. The consequence of a veto, under the circumstances, is a matter of general speculation. All the northern whigs who were most zealous against the exercise of the veto power, during the Extra Session, are now anxious "fora veto, and are ready te pledge them- selves to support the administration, in case Mr. Ty- ler shall negative the repeal. In the present state of- the public mind, no act of Congress would be so beneficial to thePresident as the repeal ef the Bank rupt Law. A veto would rally around him a hos of attached and zealous friends, and insure his re and knock ‘me down. Marritt’s Frast Season Berong Cononrss auch consent is r sale at this office, price 64 cents per copy 1 sorts of cries Tre Great Meeting of the Merchants In Wall Street for a Repeal and Modifica- tion of the Bankrupt La part of thispaper, we give a full report eedings and speeches ag, held yesterday in 2 repeal and modific w pending before Congress The sentiments and princi resolutions and speeches wil! bes If they are just and sound in argum taw—in justice and in public feel their proper effect ia t One thing in their res propriate—we allude t strongest terms, of the rupt Law. Swi England as in this country. i by the constitution. These articulars,then, are wholly in this law,and without which no Bankrupt Law should ever be permitted to come into existence. (Loud and In all these resolutions which have been read and adepted, | do most heartily le exception—I allude tothe retros- ese checks were interposed { con- ceive it would be in the power of Congress to make a itive in its operations. ceive it ought to unfortunate and honest debtor—as any other fault the contraction of the debt would be forgiven.But,gentlemen, ou succeed inthe present movement you may adieu to any hope of any proper Bankrupt Act after oes into operation. You will then seek in vain it for you will have lost the support of thi mense class which has obtained the passage of the act. If not amended, these debts will be wiped out witha sponge,and in threg years this law will be rey e unanimous consent ef Congress: (Applause.) That will be the history of the operation A bankrupt law is at any timea very great evil; but it is one ‘which, from the history’ of England and this ars to be essential to a hi of cemmercial enterprise. But it touc! property—rights in which every man, rich an capitalist and laborer, are equally interested. It touches and you may all recol- lew who laid his rash and impious hand on the ark of the Lop! (Long continued law as was in contemp! Hisses—groans and he Merchant's Exchange ion of the Bankrupt Lav continued cheering.) DAVID BANKS. Vice-Paesivexts, Richards Kingsland, John W. Leavitt, Moses Taylor, Frederick Sheldon, Charles M. Leupp, ‘ard K Collins, latform and cried for the purpose of r, we can’t allow—” cries i him down—go on Ma ever mind the bankrupts,"tand deafening shouts \d calibre, and for several minutes it If had broke loose.} Mageniswent on.—I claim the right to be heard—I can temper—(cheers.) 1 say the bankrupts are a» miserable minority—(great noise and confusion and hisses and cheers ) After this it was utterly'impossible to tell what was said by the speaker. One of our reporters just caught the words— ‘ongress—John Tyler—democrat—constitution— the bankrupt law—contracts—falsehood—rascals—Col. Boys—-Old Tammany— men—Egyptian Tombs—police magistrates—great scoundre)s—-Colt— -—water—air—robbers—pencil— urs—murder—drysalter—every [Here a gentleman jumped onthe out—“ Gentlemen, thi the meeting, and as that’s ove of “off—off—turn him out—pull 3 promulgated in the he act would , an amnesty to the John R. Willis, they will have quarter 5 if not, ations is especially ap- the condemnation, in the prudal and beastly charges of bribery and corruption made against the honor and ; s, bv an infamous and bankrupt street, denominated the ‘Counter & That atrocious organ, once purchased, ive cattle in the market,” for the price of $52,725 n loans from the United States Bank, has at received a certificate of character from honest and solvent mercantile community of w York, assembled in their own Exchange, in the eentre of Wall street, and surrounded by all the cor- rupt influences of that notorious thoroughfare the first time in half a century, have the sentiments of honesty and integrity, raised itself on high in that street and spoken in a redeeming voice,that wil] reach Washington—pene! of this glorious Republi waters of the Atlantic, in the great marts of E pean civilization. This isa triumph quite sufficient, if nothing else should follow. This is the voice of uuth and morals that all will feel. Of,the probable fate of the Bankrupt Law, we have accurate intelligenee from Washington. The repeal will pass the House. depends on the vote of Mr. Clay. The legislatures of Kentucky and Tennesse have passed strong reeo- lutions in favor of the repeal The whole Kentucky delegation in both houses will vote forthe repeal, except Mr. Clay, who says “1 will no} of the Western delega- eotions, that Mr Clay, when he comes to the point, will not dare to vote contrary to the western States— hiv principal stock in trade for the next Presidency. He will be forced to vote, or to resign. vote, therefore, according to instructions, the repeal In such a case, we have every reason to believe that President Tyler, as at present advised, will veto the repeal and let the present Bankrupt Law remain as it is, or return it for amegdment and modification. ‘We present these views for what they are worth. Personally we care nothing for the reeult—we only want to place before both parties, and the whole community, the most accurate and intelligible posi- tion of the question. We only want a good, safe, and enlightened administration of public affaire,and we are satisfied. But this Bankrupt Law promises to produce a higher degree of excitement—almost Jeading to a civil commotion—than any question that we have yet knowa. triumph !—may honesty prevail!—may mercy be heard, mingled with justice. Robert Hyslop, E 6 David Cotheal, Ferdinand Suydam, Thomas Hunt. B. L. Woolley, U. F.Caspenter, Wm. H. Willis, W.C. Langley, Krese, Esq. then ascended the auctioneer’s stand, and spoke for a few moments ina low tone of voice. We understood him to say that he wished a law for the just collection of debts. think it wasright that Congress should step in and prevent the creditor from recovering his just debts Hasty legisiation was the worst of legislation, and with that Congress had been highly chargeable in They meton this occasion for of imploring Congress to have some bowels of compassion for the creditors as well as for He would not detain the meeting, but would proceed to read a series of resolutions which had been drawn up for the purpose of embodying the sentiments of the meeting. Resolved, That in the language of the first resolution, passed at the late meeting, called on behalf of Bankrupt, utation and permanency of the Repub- ind it should have ad- 'y of the constitution. Resulved, As the sense of this meetiag,that the Bank ruptlaw passed at the Late extra session of C fraught with consequences, the evil of w be suffered to go into operation in its present form, the country will long have reason to deplore. Resolved, That the provisions of this benefit one class of the community at the expense of another—cancelling a vast amount of debt without the of creditors, and operati 8 of debtors, dishonest as well as honest, ard to the rights and interests of those to \.hom they are indebted. Resolvad, ‘That there is no authority whatever in the constitation for the enacting of suc. has power, it is true, to pa jeet of Bankruptcies ; but there tion which authorizes the application of such laws to existing debts, Resolved, That inasmnch as the constitution prohibits the States frum making any law that will impair the ob ligation of contracts, we regard beth the letter and the spirit of that instrument, as directly hostile to the pres- There is nothing in the ver words;in which the power to enact uniform Bankrupt laws is conferred, not in any other part of the constitu- tion, from which it can be inferred, that such laws were intended to have any ether than a prospect Resolved, That the present law is not in truth a Bank- but an Insolvent Law, the sole aim of which is, to debtors ; all its provisions, in the werds of a dis- ti hed Senator, are subservient to that end alene. It is,as another Senator felicitously termed it,a SPONGE LAW, uever designed to remain’ permanently upon our integrity of Core its predecessor, by ‘assignments—shami sylum—mechai th developement cell—New Year's the very ark of i ; eee lect the fate of t ere some one brought in a large gong belonging to the Exchange, and_ Tolle beating it violently round the Rotunda, miled at the crowd, the mob cheered him, several jumped up to seize 1 He collared one man and threw him over, and kicked another off the plat. form. The confusion and uproar at this stage of the proceedings were terrible, in the extreme. | never saw any thing equal to itin the most violent times at Tammany Hail. Many respectable looking Brokers cried out to throw form, and knock him on the head, but a strong par- ty of his triends rallied round him, and swore he should speak. Several men then seized the boards forming the platform, and tere them off, and at last tore down the whole platform piece by piece, and Mr Magenis, of course, came to the ground. Then ensued such a horrible scene of disorder, noise and confusion that would have put Babel to the blush, and there were a dozen fights and tussels around the room. At last amid the shouts of his friends—the hisses of his opponents—the laughter of hundreds, and the clashing of the gong, the whole party rush- Mr. Magenis mounted one of the granite pedestals in front of the Exchange, and addressed the crowd for nearly an hour bare- the present case. sau May, Esq., was then introduced to the meeting, and spoke as follows :— Mr. Chairman and Gentlemen—Called as I have been within the last half hour to address i trust you will not expect—and if you do, you will as: at 1 should enter at large ‘A few general considerations alone — considerations which occur to me at the at present joffer. embled here, let me inquire, in derogation of the rights of your fellow men, who been unfortunate? Are you assembled, let me asl one of you, for the purpose of a ‘ ready accumulated misery which has befallen, within the Inst few ys him and pull him down. this vast meeting, I be disappointed— ate to the remotest limits on this discussion. and’ be heard across the The ratio of representation adopted by the appor- tionment Committee, seems not to be generally ac- ceptable to the House, and it is doubtful whether the report will be agreed to. There is a disposition to bring the ratie down, and so increase the number of representatives up tothree hundred. We hope this disposition may be carried into effect. The advantages ofa large representative body are mani- fold and obvious. In the first place the opportunity to bring corrupt influences to bear is greatly lessen- ed. The experience of the last few years is decisive on this point. The Legislature of Massachusetts consists of more than four hundred members, and no instance of bribery or corruption has ever eccur- red in that stable old commonwealth, while in Pennsylvania, with a house of representatives of one hundred members, enough to make up a majority have been Lought like cattle in the market. This has occurred, not from any greater want of virtue in Pennsylvania than Massachusetts, but-merely be- cause fifty men can be corrupted more easily than two hundred. Then,in a large body,business would be transacted more rapidly than a small one. crease the House of Representatives to three hun- dred, or three hundred and fifty, and twenty men Speaking for Bancombe would be done away with—there would be more order and decorum in the bedy—and much greater facility and despatch in throwing off busiaess. Every thing is still in a state of chaos. in Congress knows his position, or what is te be the course of hia party. The power of the cld acknow- jedged leaders on both sides, seems to be broken» and the rank and file are beginning to think for themselves. There never was such anomaly and confusion before, and what is to be the result, no man can predict. In the Senate, the more promi. nent men of the democratic party are determined to oppose the administration, right or wrong, without discrimination or hesitation ; but there are several honest and independent men, who will think and Within the next few days, we shall have eome interesting developments. There is a great influx of office-seekers just now and the executive mansion is overrun with them at all hours. The known desire ef President Tyler, that every application should be made at the head og the preper department, is disregarded, and he is constantly annoyed with personal solicitations for When he had 2 Cabinet that was playing the game of his enemies, it was almost indispensable that all applications should re- But now that his political family consists, in the main, offmen who are looking to the good of the country, and who will be satisfied with the henor reflected upon them by a pros. perous administration of the government, without undertaking to further any ultcriorschemes of their own, he can gefely devolve upon the heade of the several departments. the task of deciding primarily upon applications of every sort. We doubt, in fact, whether he will not be constrained at last to adopt arule that shall be inflexible, to receive no applica- tions except through the head of the appropriate Such a rule would relieve him froma world of labor, perplexity and annoyance. testimonials in every case be sent to a Secretary— he could examine them, and when there were conflicting claims, present them to the execu- If the President required fuar- ther information, he might call upon a member ef Congress, or some other person familiar with the circumstancee, upon whose sincerity and intelli- gence he could rely. In this way, the public inter- est would be just as carefully guarded, and the Exe- cutive saved a vast deal of labor. As the thing is now managed, he is lizbie to all intrusion and im- portunity, at all hours of the day. So hungry and clamorous are many of the office seekers, that they are not to be repelled in any way. Specific hours are designated by the President for the transaction of business, but the doors are kept closed, the ante- rooms are thronged in season and out of season. The thing is getting to he intolerable, and must be put ajstop to. President Tyler i too benevolen) and kind hearted to deal with these fellows, and the whole artillery of the press should be brought to bear upoa them. TWENTY-SKVENTII CONGRESS. Second Session. he character, re] lagenis off the plat- 0 large a portion of uur fellow citi- @ assembled to protect those rights ature, andthe law of the country in ich you exist, confer upon you—and those rights be said thatthe New York merchants, as a body of men, have ever been illiteral and ungenerons to the unfortunate, ter cup of adversity? No. Speaking sulject—coming from a remote di identified with the numerous cl of smaller traders and those who till the ground, to the contrary, and I know that the good feeling and will ocoroborate w tend only to In the Senate it to the advantage of oe aade ie te I do with some ed into the street. knowledge of th alaw. Congress Tne ovrsipe Serecn or Antuur L.Macin- ™is.—After the rostrnm inside the Exchange had been torn down, board by board, in order to effec; the evacuation of the above nsmed gentleman from the rotunda ofthe building, he proceeded tothe steps leading to the east entrance, on Wallstreet, Gent iemen, said he, | rise here from amidst the wreck of matter and the crash of boards—(pointing at the in- side of the hall)—(cheers.) Yes, gentlemen, here in Wail street, in the midst of the Devil and within six inches of Hell—(cheers after cheer: Yes I, who never oweda man adollar in my Ifie, until 1 entered this notorious street—1 who have held every office of honor and profit, except one in the cabinet—ne- ver owed a debt until! met one of the bankrupt brokers of this den of infamy—(cheers.) Yee, gentlemen, wh is it that wants this bankru, the farmers, the hard working producers of th: try 7 No, no, no, gentlemen, ’tis the brokers, nay, the breakers of Wall street—those darlings who. having ob- tained all they could beg, cheat and borrew in specula- tion and in stock jobbing, se.tled nice fat portions on their wives, moved to Loi try seats, bought with their creditors’ their creditors’ e, and then eome to Wall strest, and cl: and kick up the very devil mendous cheering and cries of Webb and $52,000 Who wants this law inthe country 7 I'll tell you w: and only who—those d—d rascals who bought planta. tions out weston credit, and niggers and stock on the same terms, then ran the ni want to turn their worn out ai payment for honest debts.—(Cheers and one hiss.)—Yes; hiss you d—d goose, I beg here while I clutch youby your lanky nétk. and pull the tail feathers out of your muddled ima; the intense ruffianism of Wall talk. of distress you where it was—it my testimony is your object? It is the due pro the protection of those rights which you have toilod and labored to secure. From what? From the dread apprehension that they ma: away by the operation of an unjust law, w Gentlemen, will it be easonable man, that 1 am ent Bankrupt Law. supposed for a moment by any opposed to a Bankrupt Law, or that you are opposed to a It may bejyour fortune it has been mine, and it may again be so—to need the at Bankrupt Law. But do you tain principles which are unjustto yourselves—to your children—to your indvstry—to the morals of the com- munity? No, you can as only ask that that Bankrupt Law should accordance with the spirit of the constitution which forms the basis and security of all our and that it should protect your rights, whilst it isthe olive of mercy to the unfortunate. (Loud applause.) Gentlemen, does the present law do that? ‘his law, the repeal or suspension of whic! rom its operation a parti , which all candid or rational men now agree ought to be included in it—I allude to co: is said to be uncon will pass both Houses. Bankrupt Law? tive operation. k that that law shall con- would do all the talking. Resolved, That for the reasons just mentioned, the Bankrupt Law should be repealed, and another passed, that will secure the rights of creditors, include banks and other moneyed corporations in its provisions, give a just protection to honest debtors, and preserve the public morals ofthe country. Resolved, That the declaration of a public newspaper his city, repeated by one of the speakers at their meet? ing on Thursday, to the effect, that the change of opin; ion in regard to the Bankrupt Law on the part ofseveral members of Congress, was effected by bribery, is au cious slander; that eught to subject thoee who uttered it to the punishment which the law visits upon such offend; law ? Is it the mechanics, demand, excey rations. (Cheers.) Again, tutional, and in defiance of ed instrument, which is the ground work ofour Island on their eoun- inte town wit May the just have the The celebrated Antaun L. Macenss, Esq. at this ‘ moment made his appearance on the platform, at- tired in a splendid dress suit of black,with gilt spura, one arm ina sling, and under the other a large vo- . i He emiled and bowed ® the Vice-President, and began an interesting con- versation with the Chairman, which for a few mo- ments prevented us from following Mr. Mann. Mr. Magenis, however, after announcing his intention the meeting, accept ignified sileace, when we heard the speaker proceeding as follows :— Itis said by someto be auer post facto law. Now, whether it be so or not, it is not necessary for me at pre- ‘ent to inquire. All1 would say is, that it isan ex post facto law in the eye of the common sense of mankind.— (Cheers.) Whatever be its character in a legal point of feel and know what it is. We need no ex is a law to discharge the con- tract without ourconsent, and which did not exist when we entered into that contract. (Cries of “good !” “good!” and cheers.) But there are some here perhaps who, would ask me whether I am in favor of a Bankrupt Law I answer that I only declare voice of the common sense of mankind, when I say that [am in favor of a Bankrupt (Lond cheers.) 1 would wind up the affairs of that class of corporations which ought never to have ex- isted, or should at least have discharged their obligations A Bankrupt Law ra. Resolved, That in our opinion, those members of Con- who, upon a mature examination of the subject and voted for the re- his odious law, showed a degree of fearlessness and independence worthy of praise and entitled them- selves toto the gratitude of honest men. Resolved, That while we commiserate the condition of those honest men, worthy insolvents, all who are unable e, wefexpressly declare that it is ress, ner if it were, would for their relief, that’ would Jume_ bound in vellum Late Intelligence from Joe Smyth and the Mormons--Progress of the New Revelation im the Far West. We have just received very recent and curious intelligence from the holy city of Nauvoo, the seat of the new religious empire growing up in the “ far west,” under the guidance of Joe S$ Mermon prophet,—as the Jewish empire attained its strength and power under the government of the great law-giver, Moses, The intelligence which we give this day, in another part of the paper, is most striking and We have the account of the final or- ganization of their university—the selection ef their books of instruction—the proceedings of the holy city of Nauvoo, in favor of the New York He- rald (very unexpected to us) — the improvement of music, and particularly in flats and sharps—a fresh prophecy, or revelation from the prophet himself—the organization of their military and political forces—all tending to show the progress and principles of this new system of re- ligious civilization—starting up, as it call of heaven, on the beautiful, flowery, Edenclike banks of the Mississippi. son to change their pardon, you gander, come ination. ‘ob, | #¢t for themselves. to obtain their dischai i not within the po it be Just to pass any law open the door to fraud and operate to the disadvantage of a large portion of the community ; 5; the benefit of one class at the expense of another, ought not to be tolerated in a country, where equal rights and equal laws prevail. Resolved, That right feeling ci Where is it ? here, _gentlemen—( f)—yes, here, when I was in the T ife! Yeu, fram the Tombs I am— groan away, hark from hades of Van Zandt ughter.) Yes, there mith, the great the Tombs that dolefu! i attend the cry! (Cheers ani for seventeen hours without fire, air, arson’s wife, while th (Roars of laughter.) Evenon New Year's day, when every body else was at large I w: distress, and so continued until Stekely, a ho is here somewhere’s, came Talk of distress end meditations resulting from distress—of Hervey’s meditations! Why, gentle: b to be written, will be my book laughter.) Talk of distress—why out west we bury our dead—here you pickle them—No! salt them down without Why,gentlemen, the Constitution (boy bring the Constitution) the Constitution itself is an anti- bankrupt law, (cheers and hi contract previous to the en under the Jaws then in existene, and they were part and parcel of that very contract,and yon can’t get over it no way—(cheers.) This Bankrupt Law may do for Tom Benton and such cattle, but will never do for do for ye Scribes and Pharisees, yethatdevour the portion of the widow and the sub- stance of the orphan—yes, fresh from the Tombs, I spit at you. (Great Langh: The Speaker here shook his fist at a crowd of the city bank andcried* de Yes, gentlemen, the warrant against me was for“ lunacy, or otherwise.” Now, what is otherwise; why its like a friend of mine who went to the United States Senate, a smart man, no great scholar, buta firstfrate shot. In making a speech one day he ui tent, and in pronouncing it he said matter before the Senate was Om-ni-po-te: asked what he meant by the word, he said i as jbroad asthe uni id his coadjutors. positor to tell us that it is a lamentable fact which every en must deplore, that, for the last few years, a revolution in public morals has been in progress, which threatens te destroy the character of this country inthe eyes of the whole civilized world. s and failures to an unprece tent; defalcations of public amd private etficers ; pudiation of debts by soveretgn States; incre crimes to a fearful degree jean, and not unsuccessful efforts of many te procure an unconstitutional and arbitrary law for the extinguishment bt, are all offspring of the same parent, and eviden- c he devastation to which the public mind and mo- rals have been unha Resolved, finally, and that sacred in r,and all for kissing a kies every body's! offices of every grade. ceive his supervision. movements for together with the Hercu- and been honest. combines both voluntary ond involuntary princi; would have such a law as should discharge e fortunate debtor, who ehonld pay a certain ou the amountof his debts to be sense and discretion of his fellow men. | would go farther; Iwould have every unfortunate debtor di (loud applause)—provided, nevertheless, let me be un- derstood, that it should be 80, ducted their affairs that a major could come forward and assent to their discharge. Com- pare with that the law you seek to repeal. Whut does it es the debtor only to present a to swear that he is a bankrupt, and (Cries of “no!” substantially the pro’ (Loud applause.) ed by the common )—a man who made a tment of this law, made it ing the name of Justice rument which binds the Stat iy protest and remonstrate , and unconstitutional law, 6 to deprive tie industrious citizen of his legally acquired property, to prost chants in a common ruin, and t of dishonor on the public c| fter they hed so con- rity of their creditors e thousands of mer- xan indelible stain cter of the nation. No never! No! Ic really would appear that Brama, or Kristnu. among the ancient Hindoos, did not display more knowledge of human natufe—more true philosophy of life, on the banks of the holy Ganges, than Joe Smith begins to show on the banks of the holier and We certainly live in a singv. Here is a new prephet, start- Ing into existence in the green valleys and lovely little hills of the town of Manchester, in Ontario county, New York—leaviug New York as Moses left Egypt—wandering over the wild prairies of the west, as the great Jewish lawgiver wandered over the wilderness of Zin—and ultimately establish ing a holy city and a new religious empire on the ssippi, that numbers 10,000 persons in the city, and 30,000 beyond its limits—with a splendid temple for pubke worship—and a military organization of 1,500 “ pretty well” disciplined troops. This presentaa germ of religious civilization, no vel, affecting, inviting, wonderful, and extraordi” nary. How far superior, practical, and comprehen, sive these movements are, than those of the many of other sects around us, who are quarrelling and tearing each other to pieces on points of folly or fri- Bishop Hughes, the Rev. Mr. Brownlee D-. Channing of Boston, Mr. Maffitt in Washington, Mr. O. Browason—all the priests and philosophers of the day may take a lesson from Joe Smith, who seems to have hit the nail exactly on the head, by og faith and practice—faacy and fact—religion and philosophy—heaven and earth, so as to form the ation, bound together inlove and temperance—in indostry and energy— that may revolutionize the whole earth one of these schedule of his debt After the reading of these resolutions a slight de n took place, and indeed their read- ing was frequently interrupted by expressions of ap- prebation and disapprobation, hisses, aud cries of * three groans for lying Webb!’ “put the resolu- tions separately,” &c. &c. resolutions were put, and received the assent of ul the meeting, the remainder giving sufficiently audible expression of their cis- gree of confusi mn.) Gentlemen, tha: i law. The debtor may, is lanations by the creditor, if the latter can afferd business for the time to prosecute the But the substance of the law, of persons who can joorrect e debtor is only to pres and debts, and then take the lying with the other conditio advocate not the old doctrine—| only the rights of honest and fair, and generows and 1i- ( Need I be told, need you be law are suchas have ne- ince, been incorporated y civilized nation on the face That instance of which | d. of brokers on the #' you hear that boy mightier Mississippi. Finally, however, the jar age of the world. nd I speak in the presenc two-thirds of the word Omnij tive for decision. as eternity and laughter ‘and cheers.) 8o it Those who ‘ask for this Who are they? The Craimmas declared the resolutions adopted, and called on Tneopore Sepewicx, platform, and thus addresse Feciow Cirrzexs:—It is fift tien of the United States was fri years,the power to pt beral creditors. told that the pro ver, except in one solitary i on the statute book of ai (Great cheers.) eh in the memorie: law—what are Where are they ? your workshops or in your banks ? Why, in your banks of course, or ont of them if the money’ (Langhter.) (Someone cried “that your money.”) Oh hush, you rebel you tense rutfianism of Wall street is here’s a specimen, but I will speak (Here a fellow in the crowd, without a coat, buthalfa shirt, cried out “ go it Maginis,speak ou bankrupts, not forth the words of soberness and truth built Democrat, a representative from from the bone of the but, gentlemen, 1 am |. who stepped on the ince the Constitu- During these filty bankrupt laws has remained dormant in the hands of Congress, with the exception of about three years,during which one law has been in operation, to wit, a law passed in 1800, to endure five years, uniess sooner repealed, and which was repealed within three years after it came into uperation, by the almost unanimous assent of Congress, Since that peri od, for forty years this power has remained absolutely If that is no reason why Congress should not pass such a law, it is certainly a most conclusive reason that that body should not approve the passage of euch an ct, without the most mature deliberation, and that in devising it they should act with not only meray to the debtor, but with also strict justiceto the creditor. (Loud applause.) It may be well, in the first place, to attempt to set the public mind right, or your own min’s right, m regard to the amount of interests which are involved in They have been forth by the press, and by speakers at pu! atabout the one-sixth of the adult male populatien of the Is such a statement to go out over the country uncontradicted 7 One man in every six of you absolutely a barkrapt ! moment to what class the ban! Is it to the farming class ? Why they can thank God that they dou’t know what a Bankrupt Law means! (Loud app Is it to the great class of mechanics then that the bank: rupts belong? They know nothing of th throbs through the veins () of the poor benkrupt.— norant of what a Bankrupt You must look for the bankrupts in the which Commerce has opened which she spreads the blessings and . You must then le “al and mechanic‘el: t of this sore in the body’ po! is it conceivable lL out of them. here you'made in the year 1811, an Act,” and which to afew was d Gentleman, there are a great variety of considerations that press upon my mind, but I have already de- tained you too long in thie desult rdon me if I have said ought ami jongst you a stranger, f temporary Jubilee ) Yes, I will 31 am a regular I represent as I have class of your countrymen who till the ain my livelihood. Let meadd at the man does not exist, who er sympathy than I do for the honest debtor, nt wrong or injustice done to those who have fallen in the trying vicissitudes Iclaim for the unfortunate the sympathy and support of ali—but I would, no lese strenuously, claim protection 1or my own and other's id that thia law may be amended. assed under pecu- sitting down, tl 'y,and all contracts under our jot or tittle should be io] like your Constitution, be free from biemish, free from the demoralizing blast of corruption or bankruptcy. hould be just before we are id more keenly re: of commercivl enterprize. as Mirabeau bh: 889g» Of this act. Fights, (ohecée.) Tris 3 | do, that this law was liar circumstances, which never previously existed, and I trust may never occur, I say that 1 make no peace—no terms of compromise with that law—1 blot it out of the statute books. (Cheers.) Butafter you have obliterated this law, then it will be time enough to create, by your representatives,such a law as will be notonlyjust toyour- selves, but generous and liberal to the uniortunate, to 8 we may all belong. Furtherthan that, I, for one, Can never consent to go. The Cuarnman then stepped in front of the platform, and made a number of observations Which were quite inaudible to us, in consequence of the commotion which uri Earthquake” had excited onthe platform. The Chairman then read the following resolution, which was adopted : the Hon. Charles G. Ferris, our repre- ingress, is entitled to the confidence and thanks of this mecting, for his honesty and integrity as aman, and for his consistency and independence as a The Speaker here concluded, and the crowd dis- United States, use and consider for a Monpay, Jan. 17 Tue Treasvny Nore Brit. ‘w Treasury Note Bill was received from of Representatives, and and secondjtime and referred to ¢ Mencastice Liarany Assoctatios.—The election for officers of this association for the ensuing year, closed last evening. The only ticket co: for President, which resulted as follows: — Jobn T. Rollins, ‘William Cutter, A.G. Zabriskie, R. E. Lockwood, germ of a new religious civ (Loud applause.) Tue Boarp or Excurqurr. The committee to whom the Report and Bill on the subjeet of a Board »f Exch consists of Mr. Tatimancr, Bates, Mr. Wacker, Mr. Evans, Mr. Mrraicx, Mr. Youna, Mr. Wuire, and Mr. Rives. routive Reports. iu was received from the Presi- Gent accompanying a report from the State De; ment, relative to the proceedings and final der the convention between the United ie Republic of Texus, im relation to the Joe Smith is evidently no fool—he kuows what he Go ahead, old boy. the presence of the“ wer, are referred, t. Paeston, Mr. sin yoursearch jand Task you ene sixth of the white population ptcy ? No! It is a gross, absurd,pre- xaggeration, (Cheers) Atth unfortunate large eaough. Gaear Save or Property iv Manxer.—A gi Sixteenth Ward takes place on the 20th, as may be seen by seferenee to our advertising columas, ‘This eale, we learn, is positive and peremptory, ofivring inducements seldom or never before pre- sented. The terms are very easy, and a person may purchase the land to live on, and at the same time avail himself of the gradual increase in value by the Already we see rows of three- story buildings extending up to this property, and in a few years the whole may be covered with re: spectable, if aot magnificent houses. was formerly owned by Henry Eckford. There was a fine house and garden on it, in which he lived in great elegance for several years before he went to Turker, where he died. The improvements of the age have changed its appearance, and it is now in the market to the highest bidders Estarr—Tur Eoexronp eat sale of lots in the Tue Exp or att. Tarsos—Tae Lare Fivaxcerrs or tHe U.S Bax Bourn Over ror 4 Conspiracy to Creat —The examination before the Recorder of Philadelphia, in the case of Nicholas Biddle and others, has resulted in their being bound over, to be presented to the Grand Jury. The following is from the Philadelphia Enquirer of yesterday :— “ The examination in this case, before Recorder Vaux, was brought to a close last night, bout nine o’clock, which resulted in the Recorder stating it as his firm belief, that, there was sufficient cause roduced in the investigation and testimony before im, to warrant him in binding the and he according!: Samuel Jaudon, Dunlap, and John A A communic: e same time the The “ Missouri Farthqnake” here attempted to ascend the rostrum, but was pus i — Kerse, Esq. who in a very burried manner, moved the resolutions be inserted in the city papers. We do not know whether this was seconded, for as soon as the proceedings reached this stage, there were loud calls for Mr. Magenis, ot Missouri, and#sbonts were heard in eve ve jest and mostender consideration irit that such a law should ever be for a moment considered, and it is in tl such a spirit that L oppose the present law. bout the matter? have power to pass subject of bankru jubdued, and the speal ge to fiad the mean Why, toold mother England. Uniform laws on ptcy had long been known when ind there were three nized, not one in the present act. In the first ter of the persons who were to be ¥ wereto be only traders, mer- econd place, as to the charac- ‘who begun them—it was @ x for the purpose of winding g the progress of an divide his assets among @ consent of a portion of the rge of the insolvent. In Principles, does the mpathy and th. A statement of aecount of the Navy Commission- ers was received from the Navy Department, with details of various supplies for the naval service, during the year 1841. Aud a communication was received fromthe War ing a list ot all persons in the the year 1841 the Constitution = growth of the city. ruption which w Department, conta: service of the I with their compens ition aud-date touch of the Earthquak: and out of the way for the Earthquake,” ‘ e” Three Cheers tor Arthur L. Magenis, the Miseouri Eardhquake,” and, amia the most deafening shouts of langnter and roarayand all sorts of enthusiastic cries, Mr. He commenced : “My Farexps ano Feuow Citizens—I thank yeu for the honor you have done me, in callin; to you from this place—or in thi the hot bed of the devil, and only a few removes from {Tremendons cheers and hisses and crics of all T till you that lam now in the midst of the very den of corruption. (Roars ef laughter—cheers— him over"—“turn him out!” “Hear “By God, you shall be heard!” Hisses and all sorts of noises} I care not for the noise—(cheers]—I'm @ democrst—{cheers]—a man of wople—P’m no bankrupt. [Tremendous cheers.) I here.to advocate the just rights of the (cheers) not the swindlers, (laughter and hisses say that the Constitution dec! the subject of bankruy ¢ Into existences ential part of which can be found fn than place, as to the char affected by this act— chants, bankers. sor of the proceedings, proceeding by the credito defendants over, bound over Nicholas Biddle, ph Cowperthwaite, Thomas Andrews, each in the sum of 10,000, in two sureties, to appear at the Court of reneral Sessions, to answer the charges brought against them by Austin Monigomer; conspiracy to rob and cheat the stoc United States Bank. “The Recorder briefly recapitulated his mode of sand then expressed his opininn, merely : ¢ over the defendants, with a decided firmness, of his conscientious duty The court room was crowded all the afieraoon, and a great number remained to hear t 5 when announced, there was a slight disposition on the part of some ef the auditory to applaud, but was instantly checked by the officers of the court.” Court Calendar—This Day. Crrcurt Count.—Nos. 122, 136 87,70, 159, to 155 inclu. — 107 to 160 43. This property Tae Barxnurt Law. The Parsipest pro tem. presented several peti- tions and remonstrances on the subject o| Bankrupt Law. Magenis meunted me forth to speak place—which I call fi ster, Sackett’s Harbor, On- ces in the State of New York. in pursuance of one of the re- he proceedings of a meeting of citizens ‘ork, beld inthe Merchant's Exchange in reference to the Salina, Troy, essential to a disch: of these three fundamen: present Bankrupt Law resembl 0 in act nifecting the whole ankrupt corporations plause.) These corraptinsututions which a1 moral ruin around them in every direc applaus,) they rem: rapt Act. n Cincinnati indeed, the people apply abank. w of their own to the banks, without the aid of Congress, (laughter and loud applause) and if need be, the strong moral sanse of the community will correct wer loft them—physical force (Loud and continued cheering.) These partie ver,exceptet in this Law. t “ft oat because forsvoth they are corporati Then as tothe character of the procerdin By the creditors ? use for bindii De. Lanpyen anp toe Prroams —Dr. a8 carrying every thiag before him in Boston.— He gave a lecture on Saturday evening last in the ‘Tremont Theatre, and had a highly fashionable au- dience of one thousand respectable gentlemen, and four hundred fashionable ladies. saints has amounted to nothing This is a very fanny fact to take place whereja Catholic Boarding Schoo! wis burnt to the greund, and the young ladies driven out at night, to get shel- tor where they may. The world is tarning upside down—so the picus “Go on Magenis world except the the result, which, .(tremenduous views in opposition to meeting, he remarked th: estand most respectable, without distine party, ever held in that city on any occasi he further stated that the gentlemen who took part 1] | parties, but the most were thuse who are ent administration. He asked roceedings and the resolutions might be e Secretary of the Senate, and then that he proceedings be printed untouched (hiss it was one of the All the war of the thet Congress has no law’ that shall violate past contracts. hisses.) The Covstitution has de- ingress shall not thus interfere with {cheers} and if they have ab- right, they have abi ht of interminable infamy. ‘hoise and confusion, hisses, ito} Jfine away, yo in it were of beth prominent and the mos: ‘ppored to the vil by the only po the righteof honest me: rogated to themselves th themselves the ri Port 1, 10 o'clock, A. M 08. 18, 19, 49, 51, 83, B15, 6, Part 2, four o'clock P.M., before Judge Ulshoeffur, - Nos. 14, 20, 32, 38, 40, 804, 42, 44, 46, 48, 60, 62, before Judge Ingrabem. and all sorts of noii 319, 87, 59, 61, 63.73, 75, 67. (Roars of langhte: way. [Langhter j rf } The motion was 2 can’t do It, now, I wish Mr. Catnoun York, | great many objections to the Bankrupt Law. An extraordina: ject of the Bankrupt Law, Mr. Evans, Mr. Mitier, oman, * na tex, Mr. Pizace, Mr. Beantex, Mr Smitu, of Connecticut, Mr. Stuncron, Mr. Mr. Wacxer, Mr. Mennicx, Mr. Woopsury, Mr. Cuoare, and ethers. Mr. Cuoarte presented one si number of business men of Bost the Bankrupt Law may be repeal, Mr. ALLEs presented several from Ohi for the repeal; the obje the law, being that it was unconstitutional, unwise, ry number of petitiow , Were presented by Mr. Bavaxp, Mr. *. Henpenson, Mr. Rives, Mr. Pon- Huntineron, Puevrs, Mr. on, praying that ¥ said he had been requested to prevent a variety pone: etitions against the repeal or the post- the Bankrupt law. He would endea- yor to enumerate them without detaining the Se- nate to des them were them were printed. He had fourfroma great num- ber of citizens of New York, twe from the State of New — one from Pennsylvania, one from New- ark, indeed most of me lawguage, and several of and one from the city of Bostoa—a reater uni a im which there prevailed perhaps, g the preservation of thi mity respec! touched, than ap: ed from his own state—from its metropolis—the sheep of ala ouisville, expressing very y where else. Hehad alsoreceiv- meeting ofmerchants held in st the repeal or postponement of the Bankrupt ag law, and w were entit) not be ied ing agreat many arguments, which to much weigh', why that law should d. The proceedings were accom- ignatures, which the seere‘ary of eting informed him were voluntary turss to the begged leave should presently make, to submit one or two ob- servations on the subject. Now York, (Mr Wright,) he believed, who stated itto be the opi: New York, t disordered state of the curre dred millions worth of prope: as it must be inevitably sacrificed. That remark comi roceedings of the meeting ; but he fore he made the metion which he Itwas the Senator from inion of the Ch: at it would be injur ber of Commerce of us in the present to throw a hun- into the market, from that seurce might be calculated to make a stron; place impression, and remark that epee assumption that the amount of pri eld by that class of persons on whom the rupt Law would operate, was ofthe value of ahun- dred million of dollars. It might as well be put at two hundred millions. lions instead of being Bunkrupt, those persons would be able to pay their debts ; but be the amount what it might, considering the weight which was due to the ol If\t were a hundred mil- to which he had alluded, they hi lace, what would be done with chat p: not carried out? ket ? 0 Bankrupt Law was it be kept out of the mar On the contrary did they not know that it would be thrown into other form if not made the Bankrupt law— by auction under the authority of the Sheriff, or other officers of courts, and it would be thus thrown into the market without competition ; i thrown into the market at the instance of one cre- ditor, b: roperty of a debtor was seized: lic sale, what motiv and exhibited at pu other Palgyat have fe ste price af the propert; ry if the operation ot this la turbed what would be the course? Why, aecord- ing to the prevision of the Jaw there would be a di: pro rita, in and advance the ‘ion of the preperty amongst the creditors and consequently the ereditors would be intereste doubtle: making it as productive as pos: any sceaieors would attend and carry up the property toa hi under the ordinary execution la’ however, his pu erally, but the observation was so striking, that be the: se to xo inte this subject gen- ght some explanation was due to a cause recommended to them by all t. justice, humanity, and benevoien: cemes recommended to them by the aw! condition in with otter cau: entire community, they were to slam the door in the fage of those unfortunate men, who expect to be alleviated by the operatien of thi Law, the marks of discontent and would be would be the ultimate amount and the d increased, and no man could see what ressure, and dissatisfaction, which would prevail throughout the land. But he did not mean now to go into this subject; could not resume his seat, without advertin; fact, relating to himself personalty, an trusted the Senate would pardon wished to ebtrude himsei of the Senete. had entitled it to soi made that the movement in the ot Genital, relating to the repeal of this measure, had » for he never personally on the notice manner which the base suggestions x wing of the stigated by him. Now he scorned to enter upon any defence of a charge so base, so incousis- # ' tent he hoped with honoral gated his is whole character, and so As well might it be said that. be ari (Mr. Lixx) to move ‘riend from Mi the repeal of the Distribution Act of the last Ses- sion, which was them one of the orders of 1 But whilst he (Mr. Clay) owed it to himselfto treat: with contem; base, he could not forbear to make in relation to tl At the last Session of Congr-ss when this question came u| with and scorn a.eharge so execrable and delegation from h he believed every man of that delegation, gle exception voted against the passage of the Bankrapt Law—and that member learned, on his return home to his constituents, that there was so much d. the passage of the vote which he has or may now give for it peal. revailing respectii ofelt boasdte. ee But it seemed that he (Mr. Clay) was held responsible for the votes which his his own State may give in the other House! Those who imagine that supple, servile stuff, had yet to character — ndependence which they maintain on all sions—they had yet to learn that his fi in the other House had just what shouid be his course as he had te dictate what should be theirs—they had yet to learn that Ken- tacki entuckians were made of such they had yet to learn the proud much rightto dietate os had independence to aet for themselves, and te give such x note as a comscien- tious sense of duty might dictate to, them without regard #8 ny man, whether from Kentuek: where He begged pardon for this in:inuations and suggestions so base and execrabl be scorntully as they deserved io be treated, th had assumes uch a shape that he had theught it If, to bring them tothe nm Senate, butat the same time hv was fe it to find in the mn instantaneous system of so groundless an ins rece of opinion there might unhappily prevail be- , tween Senators of that body and himeelf,a difference which they did not more regret than he did—he was satisfied that they would all, friend: unite in bearing testimony that whatever might he the errors of hi: was his great ambition to die, an honest man,— honest in private, acd honest in public life. Mr Wacker submitted a moved should be referred to tl Judiciary, with instructions to report an amend- ment to the Bankrupt Law, which should include cessary. a day. n, for whatever tition, which he committe on the pulsory provisior ni jee may think ne- ructions necessarily lie over for Tue Ustrep Srarss Aamy. Mr Catnoun submitted the following resula- tion which was ag year ei of War be directed to average strength of e officers to men, a the expense ol the same period, as nearly as can oe ascertained. Tue Resovunces or rue Government Resolved, That the Secretary of the Tre rected to inform the Senate, as soon as practi ther, in his opinion, the exigency of ite financial affairs, be carried en without either recalling to its the sale of the public do: the revenue derived from , in, and which, by an existi et apart for distribution to the States: from the people, in addi , and in conse- of its distribution, by means of increas q taxes now levied upon the direct tax upon them; or by in the form of direct loans, or paid eventually out of their labor and 2 his opinion, the without thus recall the ti rowing upon their credit, overnment cannot jing the land ruvenue, or incre: ual to that reve- . nue, and in consequence of its distribat of those alternatives will, in bis nomical bod th taxes be the most eco- jat revenno, the fore the Senate th such his opinions may The resolution was ordered to be printed, and it lies over for future eonsideration Tar Postrom: P ~ ha ank rw iw came tion it any laid on the table, for the another bitt and would soon Tue Repaas or tHe Distarscry Mr. Linx’s bill fot th tion Law, and the division Pablic Lands to the common came up in its order, and was postpone’ morrow. AMENDMENT oF THE Const Mr. Ext or THE Banxrupt Law. for the postponement of in its order, but on his passing through the 6t come to the Senate. se wee ton. ae, Certain resolutions pro;