Weekly national intelligencer., 1851-07-12
CIRCULAR.

L
Notice to the Credtorso late Republic Of Texas
The undersigned, COMMITTEES appointed Il public meat
ing held in this city the 18th Of February last
ing either in person by proxy large number OF the credit
o Of the late Republic Of Texas were instructed to .;,
Secretary of the Treasury the 18th Of June to obt
his answer 10 the inquiry, what class creditors were entitled
the benefit and protection Of the proviso in the BOUNDARY
act reservng five millions Of dollars in the Treasury Of tbs
United States out Of the Texan indemnify and what releases
they would be required consequently to sgn beg leave to an
nounce that they have performed this duty.
On the morning Of the l6th they waited on the ssc,a
Of the Treasury, and informed by him that in reng
TO the act ne had discovered that the power Of making this
decision belonged exclusively the President Of the United
States to whom he desired TO refer u.s.
Inc chairman OF your committee called on the Executy.
and was received whhat courtesy which belongs 10 The b
btual discharge by this high functionary Of his dues Yo
committee informed by his Exceency that on the "a
turn of the Secretary of the Treasury to the seat Of Govern.
ment from short visit to Ohio be would call upon him for
report on the whole subject when his decision should be rem
dered with all convenient dispatch.
he was asked whether that decision might be expected bv
the 10Th Of September when your committee were instructed
to call a meeting Of all the creditors at washington &C
the late Republic Of Texas take into consideration the e.
pedency Of emoriazng the Legislature Of Texas at m ner
session, the first Monday in November as to the settle
ment of the public debt Of Texas on some basis which might
be mutually satisfactory.
The Presden, pleased assure your committee that
his decision should be given in time for the meeting in oues
ton.
Nonng now remains for your committee do but earnest
" to solicit full meeting Of all the creditors Of the late Re-
public Of Texas in person by proxy whatever may be the
specific securities pledged for their payment the National
Hotel at II o'clock meridian, Monday the 18th Of Sep
tember next when all the documents essential to full
understanding of the subject Of the public debt Of Texas will
be printed to be laid before the meeting.
This meeting becomes in view Of irresistible import
ance Il may averthe necessity Of all further legislation on
the part Of the Congress Of the United States in reference 70
the final and immediate disbursement of the reserved FIVE mil;
ons by which needless delay will he avoded-a considers
ton OF no small moment when ecoected that the Leps
atue OF Texas sits but in years. Your committee
have every reason to believe from the indications Of public
opinion among the people of Texas that they desire Just
and honorable settlement Of their public debt equally consist
ent with the considerations Of both policy and justice To e
feet an essential to the relief and 50 important 10 the
honor Of the State Texas has ample fund in money and
land without ncng single burden one act Of injustice
on the present or future generation Of her citizens
It, however, behooves her creditors lose sight Of the
necessity OF conciaioy policy toward the Govern
ment Of Texas in conducting such an adusmen as the Sec
reay OF the Treasury has distinctly informed your committee
that not one dollar even Of the reserved five millions in the
Treasury Of the United States will be dsbused ex-
cept under the specific orders of the constituted authorities Of
Texas.
This coupled with the immunity which belongs under the
Constitution of the United States all the States in the
Unon in their nviolabe exemption from all coercion in the
payment Of their debts places her the
mercy Of Texas but under circumstances which only confer
on them higher claim to her magnanimty as well as Justice
In conclusion, your committee reterste an earnest invita-
lion to their constituents to meet together in spirit friend
y harmony, at the time and period above designated.
j. HAMILTON, Of South Carolina.
.# JOHN w. HOUSTON, Of Delaware.
CHARLES ELLIS, Of Virginia
Committee.
n The propreors Of the several papers throughout the
United States respectfully requested give an insertion
o this circular in their several papers, which may possibly be
interesting to many Of their subscribers.