The observations of the L...
The observations of the LORD-CHANCELLO0, in ths case of LATIIAM,. a banksupt, reported in another column, deserve a earefiflperue.I. . Weare-glad to see that in fu- ture a distinction wilt be mtade between the fraudulent and the unfortunsate bankrcipt. We doubt whether the mere refusal of a ceitificateis suffi8ieut pu4idhment for the mer- chant or txader, -who has wi lfy;without probable chance of success, wasted the 'property ok his creditors in wild speculations; or who' has squasdered it in the mere se1fislh gratification of his tastes and .appetites. The wholesome severity of the old statutes -might usefully be applied to such cases; and we trust that the C}IANCELLOR, who has undertaken the revision of the Bankrupt Laws, will turn his attention to the possibility of devising some exemnplary punishment for a species of fraud, more dangerous than half the felonies which are deemed to be expiable only by death.