Mr. SPALDING. Mr. Speaker, I have Uniformly supported the bill which was lost on its final passage in this House some days ago, and which vote it is now moved to reconsider. I am in favor of the reconsideration, but I wish to say to the House that if the vote be reconsidered I am resolved to vote, as I have hitherto done, for the bill on its passage. I believe, even with the efects suggested by my friends on the other side, that the bill as it now stands is the best insolvent act, the best bankrupt law, to be found in the English language, and I support it because I believe it will supply a vacancy in the statute book of the U.S. which has for years been required to be filled. rise for the purpose of saying that I do not trust in this matter simply my own judgment but I have called to in aid the experience an the wisdom of some of the most practical business men in the U.S. I have submitted this bill to the examination of those men, and they have reported it back to me with their judgment expressed that it ought to be considered an act in favor of creditors rather than of debtors and here I may remark that it appears to be an objection with some gentlemen on this floor that this bill offers involuntary provision in bankruptcy; that is, that it brings into bankruptcy an bankrupt measures men who have fraudulently abstracted property from their fellow citizens, and become insolvent for the purpose of committing frauds on others. This class of men may be reached by this bill, and if they have secreted their ill gotten ains they may be compelled to disgorge for the benefit of the creditors. It was not so with the act of 1842, about which man people now feel so sorely. That was calle a bil of frauds, a bill of abominations. This bill is not like that. This bill provides for all the deficiencies, for all the defects of that bill. I say, then, and I give credit exclusively to the Gentfrom RhdIsland, [Mr. J sse xas] thoughIhave been on the same committee with imin the last as well as in this Congress on the subset of a bankrupt law still I give entire cre it to the Gentfrom RhdIsland, to his untiring industry, for bringing forward the best bankrupt law ever put into the English language and I say this HoRep does not know what it reects when it rejects a measure compiled with so much care, so much wisdom, and so much legal acumen. I therefore ask the House, before they vote against the reconsideration of this measure, to weigh well the step they are about to take.