The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-06-29
Texas.
Correspondence Of the Hsrald.l


Correspondence Of the Hsrsld.l
HousroN, June l, l845.
State of Feeling on the ANNEXATION Question- Viecs
and Intentions of the Great Land Specsdotws.
This excitable population, which was lately al
most in state of panic lest small minority should
defeat their darling prospect Of annexation have now
settled into quietude. The Presidents Proclama-
TONS calling an extra session Of Congress and Con-
vention seem to give general, though not universal
satisfaction Ii is not universal, because here, as In
every country, there is faction that is never COM
Portable except when in hot water and they are ex
uemely vexed that the President has done all that
they called for-or rather that he has provided for
doing in an orderly and lawful manner, what they
would have preferred doing by revolution.
The party opposed to annexation, though compa-
ratively small is, so far as have known them, re-
spectacle, and composed almost wholly Of persons
friendly to order and conservative principles They
seem disposed to submit decently to the will Of the
majority, but without any retracton of the opinions
they have heretofore held forth and if they are to
be, as their opponents predict, politically damned for
their consistency, can only say that have known,
both in this and other countries, greater offences to
be more lightly punished, and that in these times II
is not easy to damn man tor anything.
The people are beginning to think seriously OF the
kind of State Constitution they to adopt, and OF
the men who will be best able to frame it. Some in
structons from the constituents to their delegates
are spoken and among others that have heard
mentioned, is one to prohibit banking in every shape
in the State of Texas Were assured that this
feeling is general among the people, would ask no
better proof that their nationality has not been dis
turbed by excitement.
time fearful impetus to that kind OF enterprise
which seeks to make something out OF nothing, and
to render the soil available for everything save cu
tivation. This class of enterprise, which had long
revive with the prospect of annexation.
Among other schemes, born of this spirit, which
now begin to peep into existence, Is the project OF
JOINT stock land company, to be located at Galveston
Several persons, whose names have heretofore not
been wholly unknown to speculation, are announced
In prospectus, some trustees, who are to hold,
manage, and dispose OF the stock, and others as
granters, who contribute lands to the capital OF the
association, while all land holders are invited to
enroll themselves in the latter class: The names
published as granters form a goodly list of persons
who have long been seeking sale for their lands.
This list is no doubt, expected to give other land
holders confidence in the plan, which result ought,
in common Justice, to confer some special advan-
tage the first entered and most influential stock
holders.
The plan requires that the title Of all lands placed
In the stock OF the concern, shall be conveyed to the
trustees, but it makes provision for resembling
such bargains. Stock certificates are to be issued
to the granters, and the lands to be sold by the
trustees for the benefit Of the company, at prices
whose minimum is the valuation at which the lands
were taken, and the proceeds to be divided pro
rata among the stockholders.
Now, as the equity of land appraisement is not
very certain, this arrangement might be so managed
to prove more beneficial to the granters of worth
less, than Of valuable tracts Let suppose that the
owners of some prime leagues and sections should
be induced to put them in at fair valuations and that
afterwards an equal quantity OF arid prarie should
and false rise could procure, for the appraisers,
must be remembered, are appointed by the trus-
tees The good land would be sold, and the owners
OF the bad would receive share OF the proceeds,
in any case they would have to do the improvement
which time and population might bring.
The plan also allows the trustees to negotiate loans
and procure advances the security OF the compa-
ny's domain, and to divide the money among such
OF the stockholders may choose to take it at the
same rate OF interest which the trustees have en-
gagged to pay. This is admirably designed for those
who have the handling OF the cords by VIII CHI the
machinery is to be worked The stockholders who
would choose to take the money, would, in all proba
by, be those in the vicinity, in the confidence anc
in the interest of the trustees. Should the loan OF
advance be raised on particular tracts the owner
would do better by negotiating for 1t on his owr
hook, instead of through such an agency, for then
and then only, would he be certain Of using the mo
ney himself. Should it be raised on the genera
stock, the lands Of all would be bound for it, though
only part OF the granters would reap the benefit
and that portion would perhaps be composed O.
thasc Barons of barrenness, who would depend fol-
their profits on the fertility OF lands which Others
had contributed.
grantors for their land may be received by the
tees IN payment for any lands which they offer fol
sale. Solomon Swop could scarcely 60 ahead Of
this were he to devote his whole genius to deyisne
plan for exchanging poor lands tor good. What
ever regulations may be made for appraisement
and for changing the tariff ofprices, the real value
Of lands in new country is uncertain, and where
the stock lands OF the concern would be so scatter
ed, their probable value would be so difficult to as
certain, that the trustees, however well disposed
would be continually liable to error and imposition
and though no Partially should be intentionally
shown, inequality and irreguarity of appraisemen
could not be avoided. Hence, under the above re-
gulation the contributor OF a sterile and highly ap
praised tract might often be enabled give the scrI
he received for it for an equal number OF acres O
far greater value.
In supposing the case that no Intentional partially
is shown, | cite it rather as possibility thar
otherwise for this ord is given to fray and the
minds OF land spectators in particular have ten
dency that is decidedly earthly.
One would suppose that such company woult
have but little prospect of business, and that the.
would be unable to procure the title to any andstha
could possibly be sold but there is no knowing
what may be effected during mania for speculation
especially if the wisdom and wckedness Of Wal
street should be up and doing in the matter.
derful mill which once heard Of The hopper wa
so constructed that no corn which was poured int
it could be taken back, and when it passed through
all the bran fell into the grist bag, and all the mea
into the toll trough
City Intelligence.
NuIsANcEs THE PUBLIC SrREErs.-Agan have WI
to call the attention of the inspectors Of streets the
nuisances which are blocking up some of the public
horoughares in this city and day after day bring fresh
nuisance We must refer to that part Of the Fourth
ward viz Madison street, betw Roosevelt and James
streets which is rendered almost impossible, in conse
quence of large quantity Of bricks sand and mortar
which laid at least three fourths of the street
The itself is twenty-seven feet wide
Of that feet at least impossible and