l^^l. UTERARV INTELLIGENCER. 33I 



cies of any kind, as being attended with fuch difagree" 

 able confeqnences. 



In fliort, though a poor man, who by misfortunes 

 had contracted a fmall debt, could never, by thefe regu- 

 lations, be deprived of the means of earning his bread ; 

 and would have a probable chance of difcharging his 

 debts : yet a man in a higher line cf life who h?d con- 

 tracled debts to a great amount, in particular to perfons 

 who could ill fpare it, would find himfelf ever after- 

 wards in circumftances unavoidably lo unpleafant, as to 

 make them much more cautious in their fpeculations, 

 and much more fcrupulou-s about contraftuig debts to a, 

 great amount than they are at prefent. The confequen- 

 ces of which caution cannot fail to prove highly bene- 

 ficial to the community. 



The writer of thefe remarks, while he fubmits them 

 to the public, thinks it his duty to inforin that public, 

 that they were written out fome years ago, and fince 

 that time, they have been fubmitted to the confideratioi* 

 of feveral perfons, in whofe judgmtnit he places confi- 

 dence : and have been read iu a very refpec\able literary 

 focietv ; and that he finds the opinion of thefe perfons 

 not unanimous as to the expediency of the propofed re- 

 gulations. Thofe among his friends who lludied the 

 lubjecl witli the greateft attention, have approved of 

 them ; one gentleman only in a high law department 

 did difapprove of them, with*ut affigning the reafoiis. 

 The objections that were ftarted at the literary focietj' 

 proceeded entirely, as he fuppofes, from a mifunder- 

 ftanding the fpirit of thefe regulations, as they refpecl- 

 ed only the difiicnlty that would attend the carrjang ou 

 profecutions againfl bankrupts, and the cliance, that en 

 account of thefe dilTieultics, few profecutions of this fort 

 would be commenced. This is granted ; and it was 

 one principle object of thefe regulations to guard againlt 

 ^ fuch profecutions, under frivolous pretexts. It wa.; 

 meant that the efit-£ts of the bankrupt Hiould go imnie-- 

 diately into the hands of the ; reditors, with as few dz~ 



Tt2 



