The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1851-07-26

-. ~ - ss.- - ~, -. u -. r,rsnsa
y m r. stisa spssas,ss, kswesss,
I ~ = T 1oessly ssrcmu~nd TIT the ac.s
lsent ~ f!baea b. invoked 70 that there shs'l
~ " eeS1ef1 NJ charging that he state has not
- IN ts14hu 10 mr. r'rdisorSes ~ - net
uoaNs rssA permit"
s I wcvld adhere 10 Tie principle eeettndsd
To-. but With this mod,iisAtiou; tht N sseh
eiasg n ejaiss where Instances II hardship arc
found y exist, they should ~ sepnteA 70 the
Legislature, ~ might, upon investigation seem
iust and proper. In The assignment o. an aver
~ esu!sslsns value to some 81 the characters
81 royrfnment s~eurities, there vas much DIM
esjty IN preventing eases Of individual hardship.
"a sotns do no doubt exist, Int ~ systen Of
adiusau,ent, I beIlevs Il II sOQad in equity and
Il mnrals A majority ef ~ creditors have
n,sd, ! voluntary ssnrndss of he original s,-
leure Z md hare thereby accepted the only nc.
mnoda,ion that Texas can css~r. To those
vile are reiustans, we nay justly sSy, gsntiemen
- Rave dons the best We can for you.
N Il now sssisfactodly ascsssn'asd, that the
| SubIIc debt will not exceed ssvsnl nslions OF
3c,lass, assuming the adjustment - made BY
ths Auditor and Comptroller 10 be equitable,
nd The settled policy Of the goyernu'ns.
would promptly discharge the debt at IT. nd)u'
d~aled rate. Thi. would leave 10 the state VI
~ peyisg tn entire debt, the handsome sur
elus 81 tIi,ve millions Of dollars ard It Is be-
,sesed By Individuals u large financial csper'.
eut'e. that the stock or il Is the wish OF 'he
state to place Il in marke,,) will command
prenjum Of fsoss 6yu to ten per cent, " i've
~ cent. only IL realized from the sale, within
! fraction Of three and half millions of dollars
viii be At our colnpaud The interest annual
" aerrulnv on tins sum. viii amount 10 about
| ti7s,oro. II IS no, in my judgment safe or
expcdien,, until we can b. aided by -uiheient
| irht. drawn from experience, TO appropriate
| the surplus which may remain after iiqudaiins
our liabilities bu, the interests arising there.
| from, il Iuiciopsly applied with the aid Afforded
By Individual msaIls aud enterprise, may demon.
siraic in satisfactory manner, 10 whai extent
our principal rivers arc susceptible Of nas'ga-
| ton; or otherwise, portion ~ II could be af'.
| prvpt,atsd 10 mn, system oi internal improve.
,uents deemed mos; advantageous
| A TAI. pefitnen. made from these means.
would soon exhibit the Ircpfie,y or humility Of
| Hs;ng the principal (or portion o' ~ IN The
attainment, Of M object Of The very first nPor-
lance. While would throw the proper guards
around this fund. appreciate too highly the
soI,d advantages TO bv derived from The en-
enlargement Of proper ,aystcm OF education,
| 10 withhold my attention and advocacy from 1t.
Intelligence Is the strength Of our institutions
and Wien We possess the mcan-, TO refuse them
ia the ex,en,on Of the proper facilities Tor It's
| pcnerai diffusion, or TO divert II 10 subordinate
purposes. is 10 neglect or forget The teachings
II wisdom and experience.
The constitutional provision requires the
| Legislature to provide Tor the establishment
and maintenance Of free public schools. The
: r.
public lands SET npatt Ms school fund, ii re-.
moved, would in n few years create q fund,
which In addition TO tina, resulting from The ten
pcr cent OF tho annual revenue arising from
taxation, and added to that, which may with
great propricty, be drawn from the surpIn,
above tet6ns4 10, or the INTEREST aceru'ng
,A~sssu. Wi Is ~ the pqMer Of tho Legislature
10 establish ffte schools upon footing which
would coIiicr a,l the practical advantages to the
rising generation contemplated, md confer
honor o., the government. | have already
communicated my views to the country on this
interesting subject, and Il IL Sufficient on this
occasion iha, declare my willingness to coop
crate with the Legislative branch of the goscrn-
mcns In providing ample means from the re-
sources al our command, for the adoption and
execution OF 4 practicable system.
IN relation TO ahe reserved iiv, millions, Il il
10 BE- regretted tina! there does no, exist in the
act Of Congress, something more specific In de.
fining the amount of debt for which The five
milIion stock /. retained. The Federal Coz.
erpmen, surely does not intend to assume the
right Of determining the rn'e which is TO govern
Texas in settling with her creditors fnr liabili-
ties incurred whilst she possessed n national
character without respect for her own acxnowl-
tdgnent OF tho extent and validity of their re.
., Ia
by Texas 1t cannot be done by any other pow
e. Ii the Secretary Of the Treasury. slill ad.
here's TO the opinion tia, he is not authorized 10
pay over to the State any portion of the retain
I'd five millions until releases ARE filled by all
the creditors holding liabilities of Texas. for
which iuipost revenues were specially pledged,
it il TO be hoped tina, Congress, at its next SEES
sion, will so modify the law that the state can
be put in possession Of the Bonds as fast as the
releases arr signed by this means the stock
retained in the Federal Treasury would be np-
piled to the object for which Il was intended.
and IL few reluctant creditors should refuse
10 execute releases, II would not Interfere with
10 interest OF the other creditors Vt TINT Of the
- in tue stock.
II ivisg felIow.citizens, in the discharge Of
duty, heretofore expressed my opinions
uAJ 4isl many Of the most prominent ques-
tons of tate policy, il will be unnecessary 10
1subis 3u with repetition Of thxm NJ this
linpe. Ii reference TO my relative position 10
inv Two great political parties now existing IN
tho Union. viii ~, that while the general
po sies Of the cosd4Sy hs,s very lille ecuncc-
sson with Or bearing pYon tht de- adHninislra-
tion Of the s's' government, tse Chief duiv ag
Seala ri,~a'lse bc'ns that OF sc.iae De la9s
esrul'a Ill ssow ecry iiankly 10 tau lat
sm % BE- ipsnd 10 ira deuoc'aIie riDss, look.
Ing he,ttrr 10 Sec nea' i,.. obque, but
~ itesa DE 'for -at trust shall ncy.
~ Nbdt u 80 withhold my approba-
ton 81 Ne d. suFes Of the opposite par,y. or
any IN .sdual ~ Il, II am satisfied that justice.
sagacIty, ns0drratiou, and integrity have placed
their ImIesea upon them. These arc qualities
which should characterize measures and NJ, H.
Il wou'd have afforded me pleasure to have |
mingled viii, my fellow cicixens in a general !
canvass Of the state. could then have cult, |
kindness which are always agreeable, and while |
liAiening 10 leir suggestions, touching matter. |
81 general Interest. an opportunity would BE- nj. ,
forard INC If communicating nv own views. |
and Of explaining my puzzle acts. Ny duties
n the seat Of Government will onIy allow
sssy limited absence.
Ii eonelusion, fullow ,jtizena; II a constant
and honest zeal Ia the service Of Tcxas for
many ysass Of great embarrassment and trouble,
give ne any pince Ia your esteem, or any claim
70 your continued support, ! shall BE- proud II /
AGAIN heAercd BY your choice 10 assume tho
sssted and labosi0us dulles which spp%,iain 10
~ osics Of your Chief Executive. Whatever
ny FORTUNE may b., shall always heartily de-
:lFc ios you indiS iaaily, health, prosperity, and
u ID esnese sad foE Tssaa. ny adopted state, |