FAR WEST.

Consiitutionqliiy of Valuation and Stop Lars.
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Conaitutionqliiy Of Valuation and Stop Lams.
An important constitutional question is now be-.
fore the United States Supreme Court, which is
deeply interesting to this country. II arises in
case brought up from the District Of Illinois,
The facts presented 10 the Supreme Court, are
briefly these


Arthur Bronson, a citizen Of the State of New
York. filled his bill in the Circuit Court of the
District of Illinois, for the foreclosure of a mort.
gage executed by John II. Kinzie, citizen of the
State of Illinois. The mortgage is dated in 1898.
1t contained power to sell, in the usual form, the
surplus 10 be paid over to the mor,gagor:


On the l7th February, lS4l, the Legislature
of tho State of Illinois enacted a law forbidding
the sale of real estate, except under certain pre-.
scrlbed conditions; among others, was a restric-
ton on this power, to wit: that the property sold
should be first appraised, and the sale should not
take place unless it produced sum equal TO two
thirds Of such appraised. The lestion presentod
to he Court, We understand TO be, "phether or
not the act Of 1871, SO far 1t is sought 10 be ap-
piled TO hs mortgage Of 1888, is, or is rot, rspug.
Ham TO that prorisioa in the Constitution Of The
United States piich declares thcn no State shall
pass any la~s impairing the obligation of con.
racts?"


We have said that this question is one Of deep
in'oeS' " '''0 eoHti anu, We may uuu, 10 every
citizen, whether of the creditor or debtor class
for we are all creditors and all debtors. This
relation rs between the People of this country is
mutual and reciprocal.


1t isa question Of riidl interest, and as it may
be determined, will influence, for veal or woe
the moral character of our People, and the per-
petuity of our institutions.


We are rejoiced that the question has been
brought before the highest judicial tribunal THE
Court of the last resort--and we look with conf.
dence, but more with soicitude, to the decision OF
that ribunal.--Madis0aian