Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1844-04-18
From the National lntelligcncer.
L f. y A 5 A n ID UISIAN

We have seen letters from New Orleans of
the 25th of last month, which state that the
information that treaty is about being signed
Tor The annexation of Texas had created great
ueal OF excitement in that city for some days
preceding that large number of persons
mere are deeply Interested in Texas lands and
money, and OF course they are all in favor of
"anneXation; )" but that the more sobcrminded
and rejecting citizens are unfriendly to tho
measure, as one fraught with evil conse-
quences TO the country at large, and par,cu-
larly TO the Southwestern section of the I'm
ion. Ii will, they think, certainly greatly de.
preciate the value of all lands in Louisiana,
Arkansas, and Nlississppi,- particularly the
two former. II will, they say, be very njuri-
Gus II not destructive 10 the sugar interest of
their State, as that staple can be cultivated to
much greater advantage in Texas, where both
the climate and soil are more favorable than
in Louisiana and it will interfere very much
with the cotton interest throughout all tho
Southern States, if it be not the death-blow to
the cotton planters of South Carolina and
Georgia, as they will ascertain very promptly
alter the annexation is carried into effect.
Besides, says one OF these letters, are Con-
gress prepared TO assume the debt of Texas,
and have they any idea Of the extent of that
debt The affairs of that country have been
administered in such a manner that even the
government Itsell cannot say what its debt is.
BY some II is estimated as high as TWENTY-FIVE
millions OF dollars; and all agree i. is not less
than from twelve To fifteen millions Are the
United States prepared 10 pay such an amounts
IL Is SAID, indeed, that the "anneXation'' will
bring vast accession Of public domain. great
ly exceeding in value the amount of her debt.
This, however, is greatly doubted. They
have sold or given away, in The i,,o-t-rv-v.hi,es
manner, their lands to an extent that is almost
incredible. One grant was for five millions
oil acres, on condition of Introducing certain
number Of European emigrants Another,
within twelve or fifteen months, was for two
millions OF their finest lands on the headwa-
tiers OF Red river, TO a company, on condition
OF introducing five hundred families on il from
the United States. IL is nothing uncommon
to hear of individuals holding forty, sixty. and
even one hundred square leagues and. so
! soon as The prospect of annexation was known.
The number and extent of grants and sales,
with or without value received, would no
doubt go on under the high pressure prnci-
PIE. For some small portion of the debt of
Texas valuable consideration may have been
paid; but the great bulk of it has been issued
by The Government at an immense deprecia-
iion, and to redeem il by the United States at
any thing like IFS par value would be highly
UNJUST. Last year it was selling here as low
as one cent for tie doiior, and from that to
two or three cents, at which prices enormous
purchases were made. The recent news has
already raised il TO seventeen and eighteen
cents for the notes, and twenty -four to twenty
five for the bonds bearing interest.
il has been urged (says the same correspon,
DENT by some that whether Texas is annexed
or not she will grow sugar and cotton So
she will, (says he,l but TO a very limited ex-
tent TO what she could do if the capital, enter
PRISE, activity, and slaves of the United States
were thrown upon her soil, as they ould be
were she annexed. Besides, as regards sugar,
she never could raise it to compete with us
unless she could introduce it free of duty