The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-02-16

ever permitted to cross that river. No one
thought Of flight: aud you may be sure that
in the event Of another invasion there will
be no second runaway, as in former times,
when the fewness of our numbers rendered
il hazardous to make stand against the ar.
my of Santa Anna.
Ii is my opinion tina, the war is not vel,
at an end with Mexico, but future battles
will be fought with Texan swords and
Texan ranks on our western frontiers and
If cur victorious arms be not carried far IN.
10 Mexico, perchance TO the walls Of the
capital, the enemy will owe il TO our forbear
ance, not 10 our inability.
You may think | speak sanguinely on
these subjects, but you are aware that my ST.
uatioa enables me to know the opinions OF
those who direct, and those who act Of the
officers, civil and military and Of the CHI
Zens generally.
You wish to know something Of our Fl.
nances. The bonds Of Texas are of two
sorts the certificate of stock IN the Funded
Debt and The Treasury drafts, usuai!y call
ed prom:ssory notes. The funded debt
draws an interest OF ten per cent. per annum,
payable semi annually after the present year,
and redeemabIe IN 1912, or so SION thereatt
er as NAV suit the convenience of the Govern
meni. The debt already funded, and Go.
vernmeni liabilities in the form of military
scrip, issued and subject to be funded, a.
mount to between a million and halt and
two millions Of dollars, IN the aggregate.
By the act of the 9th June, 81, the E.
mission of $500 900 was authorized for the
payment of the Civil List $50 called and
contingencies. |, is issued in the form OF
promssory notes Of different denominations
Of from So 10 $500 value. The late acr
paving actual services IN the field IN pro
mlssory notes, authorized the emission Of an
additional $4,000 if needed for this pur
pose amounting IN all To $500 900. About
S475, 900 ofpromlssery notes have been PAID
Out. OF this sum, however, considerable
portion has found It's ~Sy blck into The Treas.
ury. For the redemption ofthese Promissory
notes, which had forgotten TO lnentIon,
bear an interest of 10 per cent. per annum,
are pledged the receipt OF CUSTOMS OF the
Land Office, the sales of Galveston Island
lands belonging to Mexlcans, ana conhs
Gated for their having quit the country and
iolned the enemy, By law, nothug but
gold, silver, and the promlssory notes, are
receivable for public dues. Al Galveston,
during the quarter just ended, about $50,
600, understand have been received n
The custom house, and about SO, 900 curing
the same time at Nelasce-or al the rate
of 100000 per annum aud upwards, at
these two custom houses aloae-and the re.
ceipts are Increasing. am, too, o. The o.
pinIon that the Land Office vii IL twelve.
month absorb, or nearly 50, the entire e
mission. leave out Of view the sales Of
Galveston Island lands, which, al the rates
oflha-e already sold, viii amount to between
500 0e0 and $500, 900 and the conhs
called lands which are among the best IN
Texas. and oil immense value. From III.
curry and estimates made with gentlemen
intimately conyersant with tins subject,
am clearly Of opinion that the means ny
pothecated for the redemption of the $685.
600 would fully authorize government
longer established To max an issue Of So.
600, 600 pro tQnto, or redeenase dollar t7r
dollar; which is bali million Of dollars
more than the aggregate OF the funded debt
and promlssory notes-or, the entire debt
Of Texas. But from conversations with
members Of Congress and geatlcmen Of the
Cabinet, | feel pretty sure ihat 40 addition
al emission will be authorized for some lime
10 come for we are determined to place the
credit Of our notes on an elevated and per.
manen, basis, BY keeping our issues great.
H. within our means OF redemption and /
do not anticipate any important legislation,
if any at all, by our next Congress on our
finances.
Our currency has been regularly acquir.
ing tee confidence Of our fellow citizens, and
it Is now preferred 10 any other paper, ex-
ceot Of the United States Bank, OF Of sone
ofthe New Orleans Banks. Il IS, however,
| understand at a considerable discount IN
New Orleans.
One Of the best evidences Of the iucreas.
iag prosperity Of any country, Is an advance
in the price Of land. This has been so 10.
,iceabIy tho case 10 Texas, that the Presi
deut, BY proclaneii has advanced the
minimum price Of Gu public lands from 30
cents to 81 80 per acre, 10 make II cores
pond with the augmented value Of private
lands.
Orthe climate and soil Of Texas, ! have
written you so fuily N former letters, | need
moi "a, nothing. The bottoms Of the Bras