Portland Gazette, And Maine Advertiser

LAND OF STEADY HABITS.

The Legislature of Connecticut met on Tuesday week, and proceeded to the organization of the government for the year ensuing. Sylvanus Backus, Esq. was chosen Speaker of the House and Charles Donison, Esq. Clerk. On the Thursday following, His Excellency Governor Griswold met the legislature and addressed them in a highly animated and judicious Speech. In the course of which, after stating the relations and peculiar embarrassments of our country, with respect to the European powers, he introduces the subjects of the School Fund, and the condition of Insolvent Debtors.

On the former, it appears by official documents, that after deducting 28,373 dls. loss on debts, there will remain the sum of one million two hundred and one thousand sixty five dollars eighty three cents, being the amount ultimately to be relied on as the productive School Fund.

On the subject of Insolvent Debtors, his Excellency remarks :—" The accidents to which all men of enterprize in business are exposed, has in most Governments produced a code of insolvent laws.—Our laws on the subject are probably defective : and I submit to your consideration, whether it is not expedient to revise that subject at the present session, and attempt to devise a system which shall be better calculated to secure the rights of the creditors, and at the same time more effectually to restore the unfortunate debtor to usefulness in the community."