Weekly national intelligencer., 1851-08-09

At meeting Of the Creditors Of Texas, held in
Philadelphia short time since, of which GEORGE
RUMBLE, ESQ. was Chairman, and JAMES G. VAN
DYKE, ESQ. Secretary, committee was appointed
to prepare an Address to the People of Texas, max
inc certain propositions for settlement. A copy
of the Address adopted has been forwarded to, us
for publication, and is hereto appended.
TO THE PEOPLE OF TEXAS.
CIrIzxHs The battle of San Jscinto has passed
into history, and win long constitute one OF it, brightest
pages It's greatest result the addition Of another sas
that Of Texas the constellation Of States composing our
glorious Union In the Joint Resolution Of the Congress OF
the United States approved March ls4S Whereby on 'ne
acceptance Of M terms by the Congress Of Texa that Re-
public was declared to be admitted State into the Unlon
and which terms were duly accepted care wss taken 70 pro-
vde out Of the Of Texs for the payment Of her then
existing obligations. therein stipulated % follows
ssd State when admitted into the Union, after cedng %
the United States all public edces orthcaons, barracks
ports and harbor, navy and navy yards docks magazines
arms armaments, and all other property and means Per
tanning the public defence belonging 70 the said Republic
Of Texas shall retain s the public funds, debts taxes, and
dues Of every kind which may belong to or be due or owing
said republic and shall also retain al the vacant and unaP
propraled lands lying within il limits TO sE APPLIED TO
THE PAYMENT OF THE DIETS AHD uAsIIIrIEs OF SAID
RrrusLIc or Texas, and the residue Of said lands after
dischGgng said debts and liabilities, to be disposed Of
said State may direct" &c.
In the debate upon this resolution in the Senate Of the
United States the debt Of Texas treated prominent
topic Several honorable Senators declared that she could
not be admitted into the Union with Tho stain Of reputation
on her brow and Mr. CRITrEsDEs, who warmly opposed
the measure declared in his place that admitted he would
himself in case no other Senator should do 90, introduce
bill for the assumption Of the debt Of Texas BY the United
States It was sgreed all hands that the debt must be
paid and believed BY all that the resources Of Texas were
ample, although not Immediately available for the purpose
was also agreed that Mexico had not acknowledged the
independence Of Texas between the United States and
Mexico would probably grow out Of the proposed annexation
This verified and the expenses incident to 80 great
as to shut out from the creditors Of Texas all hope Of any
immediate arrangement being made for their relief BY the
United States although various schemes were suggested
The most reasonable Of these seemed to Be the assumption OF
the debt BY the United States in consideration Of The surren
der by Texas Of so much Of her public land might be
cessary to discharge it. In the time the friends and
creditors Of Texas who had watched with much concern
her struggle for freedom. though many Of them were suffer-
ing from the delay heard doubt expressed in any quarter
of the full discharge Of her Indebtedness whenever should
be in her power Many Of her formal obligations have had
legal existence since 1887, others since ls40, from which
periods portions Of them have been held continuously by
some Of those on whose behalf the undersigned address
you.
On the goth Of March, ls4s, however, act Of your
Legislature approved by your Governor. entitled An
provide for ascang the debt Of the late Republic Of
Texas Of the provisions Of which required the AUDI
and Comptroller estimate the value in specie funds
n - 4 IL r r.
TONS and so to classify and report them the Legsa-
ture. This done on the 27th December, ls49 But
even in that report upon which the Legislature did act
no hint was given Of any intention recommend the pay
ent Of less than their ostenble value. This value was
down, including interest," eleven million and 6y6ve thou
sand six hundred AID nneyfour dollars l,O55 for
which was stated by the Auditor and Comptroller ve mil
lion six hundred thousand SIX hundred and aineysx dol
lars (S5 6OO par, funds equivalent to Specie had
actually been realized Eleven million Of dollars then, may
be taken the money Of the Independence Of the people
Of Texss-our own peope-and Of their vast national do
main, comprising than hundred and thy-sx mil
lion acres of land, much Of it the most fertile this con
nent How miserable pittance for great prize And
such was it Justly considered No man 10 Texas ventuel to
suggest the payment Of any smaller amsnt than thae for
which the public faith pledged shown BY the face and
the terms Of the evidences Of debt issued BY the legal author
rity Of the Republic The stain Of partial reputation,
which had period long antscedent dmmed the lusre
Of the ecucheons Of Of States and its witherns
effect fresh in the recollection Of the citizens Of Texas
and scheme partial payment could find favor in he
eyes, although the difficulty Of making full payment fell
and admitted by all.
At length, to the joy Of Texas path Of escape from be-
pecunia troubles suddenly opened The United State
found important to purchase her claim to large amount
territory, snd agreed to pay for its surrender ten millions
dollars five Of which to be applied TO the payment Of tina
particular species Of debt Of Texas for which Govern
ment has always considered itself both legally and morally
bound Before the conummaon Of this profsr the chic
anxiety expressed By the Senators Of Texas lest III
amount that might be granted BY Congress should bs Insult
cen, to enable them to pay their debt principal and interest
in full One those Senato the honorable THos. J. RusK
said on the oor Of the Senate that be should be ashamed
show himself there hereafter Cor words to that eec) il th
debt Of his State not paid, dollar for dollar For th
language Senator RUsK ono Of these occasions ree
you to the debate the compromise b the 9th June
1885, reported in the appendix to the Congressional Globe
We have our State obligations which must discharge
and the disposal Of this territory the only BY which
Eve pay this debt" Iadsed, the hsnorable Senator
time expressed his willingness that the stock Of the
United States should be issued directly to the creditors
Texas although be said that such might be miscon
srued into dus Of the integrity Of his State, and that be
should on that account prefer that she should b the inter
mediay There odor Of repudison Of any portion o
the Texas debt here and sentiments equally honorable
echoed from oil parts Of the chamber BY those Of the
discordant social and political sentiments, Aboons vel
~ ultra prosavey Senator'S Democrats and Whgs; and in
hv of