The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-08-22
From the NsiD Orleans Picdy,ine.
Tho New Texas Bill.

The mail yesterday brought us copies of the new
Texas bill introduced into the Senate by Mr.. Pearce,
of Maryland, on the 9Th, and which the telegraph
informs has been passed by that body. No
mention is made of any amendments, and the ra-
pidity with which it got through implies that no
parts of it were seriously contested. II is in the
nature of compact, offering terms to the State OF
Texas " for the establishment Of her northern and
western boundaries, the REIMBURSEMENT by said
State of all territory claimed by her exterior to said
boundaries and of all her claims upon the United
States" The compact Is to be obligatory upon
both Governments, if sanctioned by an act of the
Legislature of Texas previous to the lst December,
1910. The boundary proposed commences on the
north at the point at which the meridian OF lOO0
west longitude is intersected by the parallel of 36'
80 north latitude, and from said point due
west to the meridian of 1899 west longitude; thence
south on the said meridian to the $50 Of north lat
tude; thence on the said parallel of 800 of north
latitude to the Rio Bravo del Norte; and thence
with the channel of said river to the Gulf of Mex
leo.
On the part of Texas the consideration of the
agreement is the cession to the United States of all
the territory exterior TO this boundary, and all
claims upon the United States for liability for the
debts of Texas, for compensation for the sur
render of public property, chips, forts, arms &C.
custom. houses and custom house revenues.
On the part of the United States the consideration
is to be ten millions of dollars, in five per cent
stock issued to the State Of Texas, redeemable in
fourteen years at the Treasury of the United
States-one- half to be issued Immediately on the
receipt by the President Of an authenticated copy
of the act Of assent by the Legislature of Texas
The remaining five millions to be issued thereafter
when the creditors of the State who hold bonds Sc
cured by special pledge Of the revenues on imposts
shall have filed in the United States Treasury re-
lease of their claims account of the said bonds
The passage Of this bill through the House Of
Representatives would have one immediate effect
which is of infinite importance at this time. 1t
would quiet the sectional storm at the point where
il RACES the widest, and threatens moot immediate
peril of conflict II is not possible to shut our eyes
to the fact that the assertion Of the jurisdiction Of
Texas is determined upon by the people and autho
rites Of that State, and would certainly have the
sympathy and probable cooperation Of thousands
of volunteers in the South and perhaps the CO.
operation of more than ono southern State in its
State character. The Presidents message an
nounces as stern determination on the part OF the
Executive. He will repel all such attempts by the
arm Of the Federal Government, and insist on the
obligation Of the United States TO maintain New
Mexico rs il was, until decision otherwise IL
made by competent authority. The proposition
now offered IL as advantageous 10 Texas ne the
best terms Of the Compromise bill when II was SO
amended az TO obtain the assent Of the Texas Sen
ators Ii is made with their concurrence now, and
ought TO pass forthwith, for besides its value
measure Of peace, arresting the possible conflict
by arms, It s, We honestly believe, a profitable
bargain to the United States.
The quantity Of land which IL thus secured 10
the United States, in our opinion, gained from
Texas, is worth much more than the amount Of
consideration paid, besides the release obtained
from the liability to pay for Texas the large debt
for which her custom house receipts were pledged
TO the public creditor, and which the United States,
having taken possossos Of tho pledged revenues,
are equitably bound 10 pay. As money bargain
il is a good speculation; as settlement of the most
troublesome subject Of controversy, and the dsper-
sion Of cloud bctokening civil discord, disaster
| and war, il is a measure Of inapprccable value,
and Congress ought TO pass II by acclarnation,
| and thankful that Texas will accept.
| If il fails, the next step will probably be the
march OF Texas troops to assert the States jurs-
| dicton, and the demand by President Fillmore Of
men and money from Congress to enable him 10
| repulse them. What commoton such question
would produce in Congress, and every where out
Of IL, hope never TO have occasion 10 record or
10 discuss. The good senso and patriotism Of the
House of Representatives will save US from dire
| ful a necessity