~. os,,c,r,oss OF BAsKRuprs.--We
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Moral OgL1GATIoss OF BAskRuPis.-
heard it stated. not long since, that oahSrupt
weot into the shop of creditor, to whom ne
ongb, 70 have been under great obligations tor as
0;s7a nce rendered. and, with a staggering air,
sa;d he had paid oHhts debts-did ut o,ce cent
IL had taken the benefit of the Bankrupt Law
1e rbis remark was made seriously, it indicaets
loose morality in reference to the obligation to pay
debts contracted in good faith, which, it is to be
G.arsd is but 100 common. A bankrupt or inso.
ven, law discharges man from the payment OF
his debts Legally, but not morally. 1t reileves
him from the vexation of shcris and suits in court
but it did not relieve him of the duty to pay hi.
debts if ever he is able. The design of the Bank,
rupt Law is good benign. 1t is designed to re-
lieve those who are irretricvably involved in debt
whose hands are tied SO that they cannot help
themselyes-who, the moment they accumulate
little property TO enable them TO transact business,
are liable TO have 1t snatched from them BY some
creditor To relieve such persons Bankrupt
Laws are intended bat they are not designed to
remove, TO wipe out, tie just claim which every
creditor has to his honest dues. No man eau
quiet his cons cience with the belief that Bankrupt
Laws remove all obligation to pay his debts, II
prosperity enables him to do it.


TUampshire Gazette