Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-08-17

mainly by citizens Of the Mississippi valley most Of her
purchases made New Orleans and can see coed
reason why debt contracted this side Of the mountaias
should have preference given to it by legislation here
II give Texas ten millions Of dollars lam for relying upon
her patriotism, her good faith and upon the sound practical
legislation Of her representatives in her State Legislature,
faithfully TO apply It, have no doubt whatever that they
will apply II IN the liquidation Of her debt and must say
that necessity for singing out any part Of her
debt to which preference to be given For these
shal vote for striking out this amendment and then asmuch
also OF the original bill intended to effect the same OBJ
ject.
Mr.. PEARCE. When the bill was introduced, en-
deavored to explain the which induced to insert
this proviso As the Senator from Indiana does not appear
70 understand the object had in view, will endeayor to
repeat in very few words, the explanation which then
gave have no doubt whatever that the whole debts Of
Texas are OF equal obligation against her, But we must
recoec that her debts different forms that in some
OF the bonds which she issued she pledged her public lands
~ some she pledged her faith generally; and in others she
pledged her duties imports specifically New,
when TeHas became annexed to the United States one
source Of her yielded the United States Her
duties on customs became the duties of the United States
That source Of her cut off from her and those
Of her creditors who looked that specifically 10
ply their demands those obligations deprived Of that
source This constitutes, many persons think an obe
lion te part of the United States either to pay the bonds
for whi the duties pledged to sdopt mode BY
which the Of Texas shall be made applicable TO the
redemption Of these bonds And it supposed that II we
made arrangement by which gave sum Of money to
Texsa If Texas did pay the whole Of these bonds the
holders would prefer acam against the United States My
object in introducing this povso not to manage this
thing for Texas at butI desired make such provision
while left Texas and her creditors free to make arrange
mens and settlements, all the other creditors would
at the time the United States from any demands
that might be hereafter brought by those creditors who held
the bonds for which her pledged That
the sole object had in view and thought object
Of sufficient importance to authorize the introduction Of such
e provision.
Mr.. BRIGHT. The remarks of the honorable Senator
from Maryland show very conclusvey for what purpose be
introduced th. provision into his bill namely, compel
Texas pay that part Of her public debt for which her
pledged Now what is to be done with the rcs
due Of her debt for which her not pledged
for that part Of her debt equally vadsnd equally biHdine
upon Texas and, appears to me- is equally binding
upon the United States do not consider it necessary here
decide the question whether the United States il bound
pay the debt of Texas not; but do say that think i
improper usderake give direction to the disposal
part of this appropriation and not the residue and 70,
that shall vote for the oion 10 strike out this pro
viso intending leave Texas to herself in the disposal
the money which apply in the purchase Of this boundary
rather should say in the purchase of peace. wish
leave to her apply her Legislature may deem right
and Just and proper doubling that they will apply It
the payment Of their just debt But unwilling 70 see
portion her debt specially preferred the rest. should
like to know whether such proposition meets the views Of
the Sepa.orsfrom Texas
Mr.. RUSK. This, Mr. President is matter OF no great
consequence feel very well assured of thing, that the
object of Texas in dsposng Of her territory and
quing money thereby, is to rid herself of her public debt
will dstain the Senate by showing that during the wal
she hardly pressed she constantly making arrange
men and offering her public domain at the lowest value,
the purpose Of paying her debts She has always been
willing nay anxious get rid Of her debt She has not only
manifested that disposition for the sake of getting nd OF lei
debt and paying her creditors, thing to her desirable IN j.
self but there is another why she has manifested this
anxiety large debt against her is much against her nte
rest State because keeps out population and prevents
of property from settling in her borders To have the debt
removed that ground, therefore, is with her matter o.
great anxiety She has immense, and yet rich domain
This consequence Of her debt is sparey populated and
is anxious to open the door, that emgans may come
and settle upon her unoccupied land. do not think that
this makes her obligation any stronger in regard to this class
of creditors particularly II requires that arrangement
should be made between Texas and them BY which they will
and renqush their claims upon the Unted States
is not to be disguised that there large number OF per-
Texas who opposed this disposal Of her lands
altogether and who will seize upon this opportunity to soy
that the Government Of the United States seek to control
them may be that would be considered more respectful
to Texas leave the matter entirely in her hands have
control there but from the intimate acquaintance have
with the people, is my opinion that the first thing they will
| do will be to wipe out their debt.
Mr. ATCHSON. 1t seems to me, sir, that this propo-
son should be presented Texas in the simple FORM
without completely, without presenting any point on which
hesitation might in the least degree arise Now, sir what
We propose to buy the claim Of Texas to certain terri
tory, and for certain amount of money This is the ques-
ton which the bill presents transaction Of bargain
and SALE the purchase of land between the United States and
the State of Texas Sir this provso to to imply
somewhat of doubt whether she will make proper dispo
stion Of this amount of the purchase money Mr.. Presi
dent it is acknowledgment, too on the part of this
Government to extent, Of obligation to pay the
debts of Texas which contracted during her revolution
airy think sir that the Senator from Indiana has
presented this matter in strong point Of view as 1t can be
presented Now, why should debt for the building Of
ships be preferred to debt contracted for clothing pro-
vsoning her army Sir far equity is concerned they
stand upon the ground But is said the de-
rived from the customs of Texas mortgaged--
Mr. PEARCE. Pledged
Mr.. ATCHISON. Well, pledged. Now, 50 far asequty
is concerned cannot any higher obligation to pay just
debt because specific kind Of property, If may call it
10 pledged rather than just debt without such pledge And
presume it would have been competent for Texas,
veegn and independent State at any time to have pledged
her whole revenue.
Now, Mr. President for these reasons, that it is
acknowledgement Of degree obligation the part Of the
Government of the United States pay all the just debts
contracted by Texas during her revolutionary struggle for
this reason, and this aone think this proposition
should be rejected And cir do not doubt that Texas will
pay her just debt every dollar Of it far her money
goes and then, sir take that her pledged
through all time for the payment Of oil just debts that be
demanded against her. should be remembered that against
State there is remedy. Where State is in debt
mean independent Stateyou have nothing but tho honor
Of that State security for payment There process