Herald Of The Times

Twenty-Seventh Congress
THIRD session.
Monday, Jan. 16, 1843
SENATE.
A number of memorials were presented for and against repealing the Bankrupt law—for constructing a dry dock at Brooklyn,—in favor of the Exchequer plan, &c.
The joint resolution introduced some days since by Mr. Tappan, on a proposed amendment to the Constitution in relation to the judiciary, was then considered, and after debate, the resolution was lost—ayes 11, noes 24.
The Exchequer plan was called up and passed over. And after passing two private bills, the Senate adjourned.
HOUSE OF REPRESENTATIVES.
Mr. Clifford submitted a resolution to instruct the judiciary committee to report a bill for the immediate repeal of the bankrupt law, and moved the previous question—which resulted in ayes 128, nays 78.
Mr. Lowell submitted a resolution to the effect, that the committee on the judiciary have leave to sit during the session of the House for the purpose of making a bill to repeal the bankrupt law.
The resolution was adopted—yeas 117, nays 81.
Mr. Tillinghast submitted a resolution, instructing the Committee on the judiciary to append a proviso to the bill to repeal the Bankrupt law, that the repeal shall not affect any case in Bankruptcy pending or commenced previous to repeal.
The resolution was adopted, and the House adjourned.
Tuesday, Jan. 17, 1843.
SENATE.
Mr. Woodbury presented the credentials of Charles H. Atherton, elected to the Senate for six years from March 4th next. Mr. Rives presented a memorial from Philadelphia, for the passage of President Tyler's Exchequer plan.
The Senate then went into Executive Session, and subsequently adjourned.
HOUSE OF REPRESENTATIVES.
Mr. Everett asked the favor to print plan which he intended to submit as substitute to the Exchequer bill reported at the last session by Mr. Cushing.
[This scheme proposes that one hundred millions of Government stock shall be issued, to be distributed among the States and Territories, according to their respective populations, and of denominations of from $5 to $50, the Government to issue and re-issue, for its own purposes, ten millions of Treasury notes; and also, the adoption of the plan for a Fiscal Agent, as heretofore recommended by Mr. Everett to the consideration of the House.]
The bill was ordered to be printed.
The repeal of the bankrupt law was then taken up, and after some discussion the following was adopted by a vote of ayes 140, noes 71.
Be it enacted, &c., That so much of the act entitled, "An Act to establish a uniform system of bankruptcy throughout the United States," approved on the 19th day of August, 1841, as authorizes any person owing debts to apply, by petition, for the benefit of said act, together with all the parts of such act which are applicable solely to the mode of obtaining the benefit of the provisions of such act in behalf of debtors, by the voluntary petition of such debtors, without the concurrence or aid of the creditors, be, and the same is hereby, repealed.
Provided, That this act shall not affect any case or proceeding in bankruptcy already commenced, or which shall be commenced before the 4th day of March next, or any pains, penalties, or forfeitures prescribed in and incurred, or which shall be incurred, under said act.
So the bill to repeal the Bankrupt law WAS PASSED.
The Speaker then laid before the House five or six Executive communications, in reply to resolutions heretofore adopted.
And, on motion of Mr. Cushing the House adjourned.
In Senate, Wednesday, Jan. 18, the bill for the reception and settlement of Oregon Territory was discussed until the adjournment.
In the House, Resolutions were offered to inquire into the circumstances of the capture of Monterey, by Com. Jones—asking information in regard to the naval depot at Port Mahon. The House in committee discussed the army bill.
In Senate, Jan. 19, the exchequer bill came up in order, but on motion of Mr. Tallmadge, its further consideration was postponed till next Wednesday.
The bill regulating the enlistment of privates in the army and navy, came up. The bill after some discussion, was ordered to be engrossed.
In the House, A bill was reported from the Committee on Military Affairs, making appropriation for the repairs of certain fortifications. It was twice read, and committed.
Mr. Cushing from the Committee on Foreign Affairs, to whom had been referred that portion of the President's Message relative to the Ashburton Treaty, reported a bill making appropriations for carrying into effect said treaty.
In Senate, Jan. 20, the bill for the repeal of the Bankrupt Law was read twice, and referred to the Judiciary Committee. The Senate adjourned to Monday.
In the House, Mr. McKeon inquired of the Chairman of the Committee on Commerce when they might expect a report on the warehousing system.
Mr. Kennedy, of Maryland, replied that the committees were now engaged in preparing their report, and it might be expected shortly.
Very little business of importance was done. The House adjourned.
In the House, 21st, nothing important done when the House adjourned to Monday.