The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-03

them at The department and |, win wIh Congress. =
the period aisr which such claims shan longer BE-
r. shs thd dae, SHOW is /, propose TO the
actually due bom tho State 10 each Of said GREG
.on Of :. the .s,. With The creation
state Of The dsbi Of Texas. which WIN DO Furnished n plo
coed the data thus furnished and what DO
from Other sources % @ A s 1a s IL
To the fourth quep ~ upon shain,ns,lon, ~
pledged does 10 the ive millions OF doisr
which authorized by the act OF Congress 10 be reaea
for the Of saeh asI w not ns Of
edness, be delivered 10 Texas 90 soon as tat ac Gu ~
1--WE p any portion Of The reserved stock unit, ali claims
alluded the boundary acl Of 9'h Sepenbef $780, ave
a as Ss Se mo s o. issl de- Ave- millions
To the filth query Should Texas think Il proper to py
any portion OF her debt for which mpos duties weIe Pe-
ciaIy pledged ont the five millions OF stock which by
her pance Of the proposition she becomes IN inc IN
mediate possession Of would corresponding amour,
Of stock Of he retained five millions be delivered Texas
on her liing the proper releases rom ina Original
aa dss The pa me s a. s s opinion the
OF the law will not authorize II 20 give up any po,o
against the Unired States aud the payment OF portion OF
those claims by Texas would be only partial aga np,
for priority II settlement OF those claims which was MOI
enjoyed by the previous individual holders Of them =,
certificates Of stock bear considered that BY
iair construction OF the act 81 Congress Texas -
the day which the contract was contaminated on hef
by trans of the territory the United States VIII
upon the entire millions be paid semi.
annually II becomes DUE although the stoek Tor pof
ton Of The principal may be retained by the United
Satesp The department replies that The certhcus OF
stock will bear from the LIST January. 1881 and Tor
period o. fourteen from that date but no possible
construction Of the law in the opinion of the department
will authorize the interest commence from the H)ih NO
vcmber The OF the acceptance OF the law ri
by Texas the 18th December and from that poriod
the utmost could DO possibly claimed bnt in that
cease the day in 1864 Bat 1t Is
sldered that in giving the full fourteen years interest from
ls January, le5i though commences few days laer
than the actual date OF the special notice, IL virtual
compliance with the law.
Ia reply the remaining portion Of your letter, would
that the oIgna evidences OF debt should be filed o-
gether with the releases, and LETT in the de parment and
the authorities of Texas should also furnish full ard de-
tailed of all the outstanding evidences Of debt
they exist, with the dare, numbers, and amount OF
each and the OF all the claimants and their resi-
dences, SO far as they can be ascertaned
No interest be paid the stock until alter
Of the contoi OF the departments but as previously stated
the interest will from the LIST of January 1851
The department will cheerfully ir.uo the certificates OF
stock in such form aud in such amounts be most
advantageous for Texas and the certificates which have
been prepared in amounts OF l0J BOO 000 and 1000
dollars without coupons and 81 900 with coupon.te for
mer, which transferable only the books Of the treas
ury, desired by holders in the United Safes and
The latter which payable TO bearer and transferred by
delivery in request for foreign holders Previous
perience has shown that certificates in OF 600
desirable for this later purpose.
THoS CORWIN,
Secretary OF the Treasury.
Comptroller OF Public Accounts. State Of Texas