Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1844-10-10

long the Globe renlains. account ef TEMPORAL
ny INSTITUTION" as he believes slavery to be.
There l. one cepton. however. which Mr. Clay
attempts to practice IN the last paragraph but one of
this letter. which has heretofore been used by
tors and editors with great industry and which it is
right. when coming from HIM. should I've exposed. We
refer what be says about assuming tte DEBT If Tr
Mr. Clay can only base his assumption upon the
provisions Of the Tyler Treaty. in relation the paw
ment Of the Texas debt A glance the 9th and 9Th
articles Of that Treaty will expose the deccp-
ton which he cnicavors to Practise 1t will be seen
that the assumption of the debt by the Government of
thi, Union was merely nominal, or in the words IF
the treaty. that is be pail out Of the lands ceded
Jy Tras 10 this Union. and mol out OF the treasury of
this Union The last clause of the 9th section of the
Treaty was in The following words
1.-The payment Of the sum OF three hundred and
ff,y thousand dollars shall be made nj the Treasury
Of the United States, within ninety days after the cx-
change Of the ratiicatons of this treaty. follows
Two hundred aud fifty thousand dollars to Frederick
Dawson. of Baltimore his executors. the dclv-
cry of that amount OF ten per cent bonds OF Texas
hundred thousand dollars, If so much be required
in the redemption of the cxchcqucr balls which may
be in circulation at the time of the exchange of the
publications. of this treaty. For the payment of the
rema .nder OF the debts and labtie, of Texas, which,
together with the unt already spec fled, >a II not
exceed ten millions of dollars, ne public niS herein
ctdd, and The nett from the same, hereby
pledged.'
1t will be seen BY these provisions that only 350,-
coo dollars was TO be paid in cash out of the L. s.
treasury that TIE whole debt was not to exceed ten
millions; and that all except the 350.0OO was TO be
paid solely out of the received from the lands
coded BY Texas. which pledged for that purpose.
The 9th article further provided that the stock issued
for the debt should be received in payment for lands
purchased by the holder.
Some of the Clay orators and editors have busily
disseminated that the debt which be assumed in
of annexation, would be at least sriy or serenity
millions of dollars. This gross fasehood in ev
cry point of view. Buteyen if Texas owed any thing
over millions, the treaty expressly confined the total
amour, which should be assamed by the L. 5. within
that amount The last clause of the 9th section of the
treaty establishes this fact Ii was as follows
ain case the amount of the debt, and liabilities al
lowed, with the aforesaid t. be paid to Frederick
Dawson, and which may be pad IN the redemption of
the cxchcqu,r bills, shall exceed the sd ID sum of ten
millions of dollars, the sad Secretary, of the l. >.
Treasury. before issuing icac. stock, as
the may be. shall make each case such proper
tionabc and ra;eabc reduction Its amount
uuct TIC dggiVSitt W lbc sdu sum VI tcn hiOis VI
dollars, and he shall have power 10 make all ncedfl
rule and regulations necessary to carry INTO effect the
powers lercpy vested N him.
Now in the flcc of these fcts, what to think
Of the dccep ION with which Mr. Clay ard his friends
Temp, delude the people IL cond let in tins par
ticular, well in mlny other instances shows Inn
to be "A desperate man. VINO willing to resort 20 the
most unjust fable to the golden object OF
hi, ambition. but winch Providence never designed he
should obtain.