Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1850-02-12

resolution proposes to pay off certain amount of the
debt of Texas. blank is left in the resolution be-
have not heretofore been able to ascertain the
amount.
Mr.. FoorE. Will the honorable Senator allow me
to suggest that may be agreeable him to finish his
remarks tomorrow. IL such be the case, will move
that the Senate now go into Executive session.
Mr. CLAY. | am obliged to the WORTHY Senator from
Mississippi do not think tpossibe for me to conclude
to-day, and will yield with great pleasure if
MIR FooTE now move
Mr. CLAY. Ii the Senator will permit me to con,
clude what have to say in relation to Texas, will
then cheerfuy yield the floor for his motion.
was about to remark that independently Of this most
liberal and generous boundary which is rendered to
Texas we propose to offer in this second resolution
a sum which, the worthy Senator from Texas thinks
will not be less than three millions of dollars-the exact
amount neither he nor l can furnish, not having the
materials at hand upon which to base a statement
Well, sill, you get this large boundary, and three mil
lions of your debt paid. shall not repeat the argu-
ment which urged upon former occasion as to the
obligation OF the United States to pay portion of this
debt, but struck the other day. upon reading the
treaty olims, first between the United States and Mex
co. and next the treaty of Limits between the United
States and Texas to find in the preamble Of both these
think springs obligation to pay portion of this
debt for the payment of which the revenue of Texas
was pledged before her annexation. The principle
serted in the treaty of limits with Mexico is that where
by the treaty OF 1919 between Spain and the United
States, limit was fixed between Mexico and the United
States, Mexico comprising then portion of the possess
| sions of the Spanish Government.
Although Mexico at the date of the treaty sever
ed from the crown OF Spain, yet she, having been
part OF the possessions OF the Crown of Spain when the
treaty Of 1919 was made was bound by that treaty as
much fit had been made by herself instead of Spain
in other words that the severance of part of COM
mon empire exonerate either portion of that empire
from the obligations contracted when the empire was
entire and answered And, sir the same principle is
asserted in the treaty of 1885, between Texas and the
United States The prncple.aserted is that the treaty
OF 1928, between Mexico and the United States having
been made when Texas was part OF Mexico, and that
now Texas being discovered from Mexico she never
theess remains bound by that treaty much as if no
such severance had taken place. In other words the
principle is this-that when an Independent Power
creates obligation debt subsequent political
misfortune, subsequent of the territories OF
that Power, exoncrate it from the obligation that
was created whilst an integral and independent Power;
IN other words to bring 1t down and apply it to this
SPECIFIC casethat, Texas being Independent Power
and having right to make loans and to make pledges
having raised loan and pledged specifically the reve-
nues arising from the customs to the public CREDITOR the
public creditor became invested with right to that
fund.- and tits right of which he could not be Invested
by any other act than one to which his own consent
was given-it could be Invested by no political change
which Texas might think proper to make. In conse-
9uence OF the absorption merging of Texas into the
United States, the CREDITOR being party to the treaty
which was formed does not lose his rght-he retains his
right to demand the tu6lment of the pledge that was
made upon this specific fund just there had not been
| any annexation OF Texas to the United States
That was the foundation upon which arrived at the
conclus ION expressed IN the resouon-tha the United
States having appropriated to themselves the revenue
arising from the imports which revenue had been
pledged to the creditor of Texas the United States as an
honorable and Just Power ought pay the debt or
which those duties were soemnly pledged by Power
independent in itself and competent to make the pledge
Well, sir, think that when you consider the large
boundary which is assigned to Texas-and when YOU
| take into view the abhorrence-for think l am war
ranted in using this expresson-wh which the people
OF New Mexico east OF the Rio Grande will look upon
any political connection with Texas-and when, in ad-
dion to this, you take into view the large grant of mo-
ney that we propose to make and liberay in ex-
oneratng her from portion of her public debt equal to
that grant-when take all these circumstances into
consideration, think have presented case in regard
to which confess shall be greatly surprised if the
people Of Texas themselves when they come to delbe-
rate upon these liberal OFFERS hesitate moment to ac-
cede to them.
have now got through with what had to say in re-
ference to this resolution and if the Senator from Mis-
sssippi wishes it. will give way for motion for adj
tournament
On motion of Mr. FooTE the further consideration of
the resolutions wasposponed until Tomorrow and on
motion,
The Senate adjourned.