The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-07-11

Notice 10 The Creditors of the late Republic Of Ieras.
The undersigned, committee appointed at public
meeting held in this city the 18th OF February last
representing, either in person or by proxy large number
of the creditors OF the late republic Of Texas. who in
sructed wait the Secretary OF the Treasury the
18th of June to obtain his answer the inquiry, wha,
class Of creditors entitled 10 the benefit and protec
ton of the proviso IN the boundary act, reserving five
millions OF dollars in the Treasury OF the United States
out of the Texan indemnity, and what releases they
would be required consequently 10 sign beg leave TO
nounce that they have performed this duty
On the morning Of the 10th they waited on the Secre
tay OF the Treasury, and informed by him that, il
referring the act, he had discovered that the power
making this decision belonged exclusively TO the Pres
dent OF the United States, whom he desired to refer
us.
The chairman of your committee called on the Execu-
i've and received with that courtesy which belongs
the habitua discharge by this high functonary OF his
duties Your committee were informed by his excel
lency that the return of the Secretary OF the Treasury
TO the seat OF government from short visit TO Ohio, he
would call upon him for report the whole subject,
when his decision should be rendered with all convenient
despatch.
He was asked whether tina, decision might be expected
by the 18th of September, when your committee in
sruc,ed 10 call a meeting of all the creditors Wash.
ingon OF the late republic OF Texas, take into con
sderaton the expediency OF memorialzing the egsla-
ture OF Texas al It's session, the first Monday
in November 10 the settlement OF the public debt Of
Texas basis which might be mutually satsiac-
tory.
The President was pleased to assure your committee
tina, his decision should be given in time for the meeting
in question
Nothing now remains for your committee TO do but,
earnestly solicit full meeting OF all the creditors OF
the late republic Of Texas, in person by proxy what
may be the specific securities pledged for their pay
ment, al the National Hotel. at IL o'clock meridian on
,ka II,
ments essential 10 full understanding Of the subject Of
the public debt Of Texas will be printed 10 be laid before
the meeting
This meeting becomes in one view OF irresistible i'm.
porance. II may the necessity OF all further legis.
a,on the part OF the Congress Of the United States
reference 10 the final and immediate disbursement Of The
reserved FIVE millions by which needless delay will be
ayoded-a consideration OF small moment when it is
recolected that the legislature OF Texas sits but
two years Your committee have every reason TO be.
eve, from the indications OF public opinion among the
people Of Texas, that they desire just and honorable
settlement OF their public debt equally consistent with
the considerations of both policy and justice. To efec
object essential 10 the relief and important TO the
honor Of the State, Texas has ample fund in money
and land, without infcting single burden act oil
injustice on the present future generation Of her
citizens.
It, however behooves her creditors not TO lose sight Of
The necessity OF a concatory OF policy towards
the government OF Texas in conducting such an ADJUST
ment the Secretary Of the Treasury has distinctly IN
formed your committee that not one dollar even OF the
reserved five millions in the treasury OF the United States
can or will be dsbused except under the specific orders Of
the con stuled authorities OF Texas.
This, coupled with the immunity which belongs under
the constitution OF tue United States TO all the States in
the Union, in their nvioabe exemption from all coercion
in the payment, OF their debts places her creditors ncon
esaby at the mercy Of Texas but under circumstances
which only confer them higher claim to her magma.
nirsity as well as justice
In conclusion, your committee reiieate earnest in.
yitaon 10 their constituents TO meet together ia spirit
Of friendly harmony, at the time and period above des.
gnated.
j HAMILTON, OF South Carolina
JOHN w HOUSTON, OF Delaware
CHARLES ELLIS, of Virginia
Committee.