The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-25
Price Two Cents
Nkw ORLEANS. July IA, 1S45.
State of the Isras Money Ma,kef-H The Public
Debt north Half its Face

| Nkw ORLEANS. July IA, 1545
State of the Isras Money Mnkef-H The Public
Debt north Half is Face 2
am truly sorry to that your New Orleans cor
respondent of the 10Th of June has committed soms
errors in his communication, which arc likely to
mslead the community with regard to Texas money
and bonds. II is true Texas lands in demand
particularly those held by Mexican titles-but Texas
Treasury notes and bonds have not advanced, nor
is there any thing doing them at any price-they
are quoted thus in New Orleans Red Btck Is IA
cents on the dollar Interest Notes, Is is; Bonds,
per cent. 10 20; Bonds, 10 per cent, 20 II. The
Red Backs are notes first issued by the government,
and they bear no INTEREST," they began to depeciate,
ano notes bearing interest of 10 per next
Issued 70 prevent deprecia and law was enact
I'd allowing holders OF the first issue To fund their
notes and take bonds drawing ten per cent interest
| The next year the law Was changed and only epht
per cent was allowed The various issues Of the
government may be safely estimated At ten millions
ot dollars Nor is II true that this debt will be- paid
oy Texas Immediately its annexation TO the Uni.
| led States. These promlssofy notes and bonds are
the last thing that will he paid There very MANY
| individual claims which will be promptly pad by
government. to wit supplies for the amy, money
| advanced personal services, &c. These stand as
| debts against the government, nor have they been
! quidaied by bills or bonds. The government will
IN all probability never pay more than ten cents
The dollar on these bonds and bills, and that too for
the reason that the government and people re-
celved even that amount for them. They are chiefly
| hed by brokers and spectators in New Orleans,
who wiung them from the oppressed government
md its poor pr ople for the amount 81 from three
eight cents PER dollar, and the government will
doubtless pay what they Justly owe, and no more.
| Is it right just they should
| The brokers have tried many ways to secure their
Texas claims TO the full amount the face Of them,
but they Will never succeed. 1t is conceded
point that persons were bribed by certain per-
sons by all offer of thirty per cent on the amount of
I,ha Ioht ~ hpy In he cd IN
the articles OF annexation that the United States
should pay the Texas debt. One treaty drawn up
for this purpose but II was not ratified Persons then
commenced negotiations elsewhere, and thought
they could ull the people of Texas by offering them
another boon, but 1t would not do the people DISCO
veled their schemes.
national blessing, and will demonstrate It, About
nne-tenths Of the people have not as yet received
from the General Land Office the titles to their
lands The land office expenses VIII amour. 70 an
old notes and bonds are received at par Value
fifty dollars Of them can be bought with seven dol.
lars par money-so that the person while he is only
paying seven dollars IN par money Is really paying
/ fiffy dollars of the Government debt, but If any
other nation to assume the debt II would raise
the money to par value, and the citizen would have
TO pay fifty dollars IN par money and instead OF the
| Government getting any benefit from the remaining
fortythree dollars, II would go brokers and bond
holders, and the government would get no more
than if it was only ten cents per dollar !! is not
true that each dollar is good for of land
it is true that you enter land at two dollars per
acre. but then you must pay TOR location surveying,
&c in good money; 1t Is not here as In the United
States; here the government pays tor no surveying
or any other pense; oil Is paid by the locator.
Ii IS true that bill introduced in Congress,
(and passed) by that talented, patriotic Statesman,
Jay the public debt, but it is only pay it it
issued, say cents per dollar. Major kaufmaa
has ever been foremost in the Of integrity and
| patriotism, and Texas is more indebted to hun Tor
~ ntn hero pf,lI hoy
| Major Kaufman is in Congress, and the people Of
Texas are thereby deprived of his great talents in
the Convention. But there are some few men Of
line talents in the Convention Gen Rusk, Col.
Love- Col Mayteld, Volney Howard, Esq Gov.
Il. G. Runner-, Gen. Darnell, Col. Hogg, Charles
5 Taylor, Esq these are the only men OF talent
IN the Convention but the small fry are numerous,
such as County Court lawyers, Justices of the
Peace, and Quandap, Judges,
AUGUSTA, GEO, July 10, 1885,
The Cotton Market-City improvements Theatri-
cals-Loue and Elopement.
Very little business is doing here at present The
cotton market is firm, square bales selling at Il
cents; inferior qualities bring from to cents
Receipts are light, stock hand small, and but lit
lie doing.
The Canal here now occupies the attention OF the
| public mind Two or three hundred lrishmen and
negroes are employed upon it, and it will be COM
plete0 THIS Iali IL is agreed 10 eXtenu Inc canal
| along the whole length of the city, running parallel
with the Savannah river, to empty below the city,
thereby conterrlng the advantages equally Gf any
are to be derived) by the erection Of mills upon it, to
| al the real estate owners The City Council have
since repealed their former act, believing to be in
pxpedent TO run the Canal far, and incur addi-
tional expense Of $4,000, when the same benefits
NAV be derived and cont. rred to the whole city at
| so great reduction OF the expenses.
The dramalic association orsanlzed here some
time apo bid fair do much good IN an intellectual
and benevolent way, as well AS catering for public
amusement The association is composed OF per-
The company played "Ion," A k. Smith represent
ing the character by that name and 1t is said by all
who saw il DONE that they were happily astonished
at the performance of the whole company;
A flying match wedding came OF here last week,
creating considerable excitement Mr.. A. Adams,
wealthy Young gentleman, from the up country, be-
| came enamored with beautiful young heress, aged
about fifteen, the only daughter OF MAJOR -------,
the poet and gentleman, residing at Sand Hills The
Young gentleman, not succeeding 10 win the affec-
lions and throwing dust into the old mans eyes, as
successfully as throwing his affections at the bloom
| inc Young maid, an elopement became necessary
The delighted couple stepped over the river to HAM
| burp where business WAS despatched, the sllken
| knot Of how matrimony, for binding true willing
hearts bright eyes, and the fortunes OF the two tor
b, tier or for worse, was tied IN spite OF AL oPposi-
| tion They have since returned to this city, q re-
conc,l;a,on taken place, and they are enjoying the
tnI snlend or OF bright and glorious honey moon.
NEWPORT, July 2, ls45.
Shirt of Society at Newport.
We are indebted to the exertions Of young F. Of
the army, and B of the navy, for a most delightful
"little hop that came of last evening at the Ocean
tIo,s. Cot I'M ma il was in an impromptu manner