Rensselaer Gazette, Volume 3, Number 47, Rensselaer, Jasper County, 14 March 1860 — All Debts Made Debts of Honor. [ARTICLE]

All Debts Made Debts of Honor.

I’He.’Stute o't isconsin is about to launch i out inti) the untrodden grounds of experij me lit; by abolishing all laws for the coliecI tion fit debts. The following bill lias lately ! passed to ;t third reading in the Assembly of j that. State: ; .1 Bill for an Act relating to Executions on i Final Judgment \ Tne people of tiie State oi Wisconsin repi resented in Senate and Assembly do enact i as' follow.-.. Section 1. There shall hereafter be no j final execution fissued, upon any judgment : rendered upon an action for tiie recovery of money due or pwaig, by reason of any conI tract express d or implied, either for princi- ! p.i i ( >r costs. !Bec. 2. Process, in the nature of final execution, may be issued for the sole pttroose 1 ol restoring to the possession of tiie cesti qut trust, pledgee, mortgagee, lessee, or oilier I pei -mi having a Special lien upon, er inter- . est in. specific property, personal or rt al, and i entitled to such possession, or lien, by the tin 1 terms ot the judgment of the Court. , Slg. Tiie ;ct shall not apply to contracts in force at tiie time of its passage, nor to actions founded upon tort. I This \vt* conceive to he a move in the j right direction, and vve predict that the day I is not fur distant when s tnilar laws will be enacted in most of the. States. Make all debts, debts of honor, and it will be a greater incentive to’lio/i r:-!-'e dealing and puai tu- 1 aiity than any o- !--.*r Motive that could he placed before tiie i.fp.c. There w ili bo .nor-.-debts collected, a-ad swindling and defrauding perpetr«*u-'<h Tiie.re would 9e fa v .-. er debts - , Contracted; il wo .id cm l> the ruinous desire fo r inordin.;te speculation, :m;t in-augurate-n general cash system of tlosig--consequence vvou.d ue, Lnere would be hut f ,v in <.<•!). ; a rt-aaiu-i il -. ri- ts cou.d no vet- ha : sc; and no one c-uiid he'ruined by epeculation. ?! such a uo.v h.d bin passed in our State ten years ago. ho.v -alls. ; . t etter off we would b- to-day; nil i could such a law be passed to-.i t y, who can compronenil tne ben -fi. uwe woaid reap from it in' ten ,-■■ ■ i roic- ! tin- wori«i !~. . Ur;..- p-s., cr.\l vv .ii eon • ti:,>.i to do o .i if. Uc uh i s • •-. I .ie