The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-07
F,om Me Nuo Orleans Bulletin.

The Texas TaFAsuny NoTEs.-We publish in to-
davis paper for the information Of our readers, an
act passed by the Congress Of Texas IN June last
authorising the issue of Treasury Notes TO the
amount of five hundred thousand dollars for the re-
dempon of the Civil List Scrip. These notes have
been but recently issued and are now passing cur
rent in every part of that country, dollar for dollar
1t will be seen that from the amount OF property
pledged by the Texian government for the payment
Of these notes there is no well founded reason why
they should not be as current the bills Of the
soundest banks, As many impostions are practised
upon American citizens, in Texas government pa
per- il would be well 10 remind our citizens to be
cautious Of counterfcils upon the Treasury Notes,
which il will always be an easy matter TO detect, as
they are required TO be signed by the President OF
the Republic counersigned by the Secretary OF the
Treasury, and endorsed by the person authorized TO
sign the Presidents name.
SEC l. Be il enacted by the Senate and House of
Representatives of the Republic Of Texas in Con-
gress assembled, That the President be- and is here
by, authorized and required 10 issue Promissory
notes of this Government payable at the Treasury
of the Republic, 10 the amount Of five hundred thou
sand dollars which notes shall be signed by the Pre-
sident and couniersigned by the Secretary OF the
Treasury.
Provided that no note shall be Of less denomi-
nation than one dollar, or greater amount than
one thousand dollars.
SEC 2. Be IL further enacted, That the said notes
shall be payable twelve months after date, and shall
draw an interest of ten per cent per annum from
date.
SEC 3. Be il further enacted, That said notes at
any time before after maturity shall be considered
cash. and shall be received as cash for all dues
owing or coming to the Government.
SEC. 4. Be ii further enacted, That the President
IS authorized to have said bills printed and draw on
the treasury for the necessary 10 be paid out OF
any money in the treasury not otherwise appro-
priated.
SEC. 5. Be it further enacted, That one-fourih of
the proceeds arising from the sale OF the Islands con-
templated to be sold by act Of this Congress shall
be paid into the treasury 10 be paid out only for the
redemption OF these promissory notes OF the govern
ment.
SEC. 6. Be it further enacted That the President
is authorised sell Ave thousand acres OF land scrip,
the proceeds of which shall be paid ntohe treasury,
to be paid out only for the redemption Of these pro-
missory notes OF the government, provided that this
scrip shall be disposed Of at no, less than fifty cents
an acre, and provided further that the agents APP
pointed to sell the scrip shall give bond and ap-
proved personal security in double theyaue Of scrip
so delivered 10 him for the faithful discharge of his
duty as agent
SEC Z. Be ii further enacted, That all improved
forfeited lands hereby pledged for the redemption
OF these promissory notes Of the government and in
addition, the faith and credit Of the government
hereby solemnly pledged.
SIC 8. Be 1t further enacted, That these promis-
sorry notes shall be paid out and issued alone for and
on account Of the civil department Of the govern
ment: Provided, however, that the President be,
and is hereby authorized and required, 10 expend
sum not exceeding one hundred thousand dollars,
for the purchase Of horses and munitions Of war; to
be used by the rangers and mounted gunners and in
a campaign against the Indians.
9th June, 1887. B. 7. ARCHER,
Speaker of the HI of r.
JESSE GRIMES,
Pres pro tenn of the Senate
Approved: SAM HOUSTON.
l. the undersigned, Secretary of State of the Re-
Of 1p herah if,y fhotf he fore