The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-05-05
From TIE Nsw Orleans Picayssne.
The TEXAN Bepu diatiou.

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The Westrn 7tzan, paper published at San
Antonio, comes to Us with strong article against
the scaling" Of the State debt, and in favor Of
PHYing Al The genuine contracts q the State in
nal of the 18th ultimo, with commendatory no
tice. endorsing il views a. Gin the right strain
deserving the countenance Of all within its sphere,
and entitled 70 tho appreciation Of ell good men in
Texas, q few years since, was in the midst of
desperate and doubtful struggle for existence. A
revolution had been declared y sesntiy. peopied
taincd BY arms against government which,
though weak in moral power. had vast popula
ton and great resources, and could raise large
mics The bravery Of the sturdy revoiuti0nists
kept this power At Bay for years. and finally sue
ceeded in establishing the fact Of The Independence
sfTexas, but by susrngs and after struggles which
cd ali their own resources. With ricE country,
vast in extent and inexhauatibe in fertility, they
were without money with which to maintain troop.
for Aid upon sympashi.ing friends in the United
States, and their appeal was answered. What
they had to offer was the good faith of the nation
they had proclaimed and were fighting TO estab-
lish and they referred to the immense territory
they would be able to acquire, II supported, a. an
inexhaustible fund for tho payment Of creditors.
In every direction they put forth these soicita-
Gons and promises. Their condition was preca-
rious and perilous, that for many years they SUBJ
sisted . State the proceeds of these loans
made to them at the time of their EXTREMIST need
Anue6up tnolr cxlot6nC0 ~ q republic may Do SAID
20 have been mainly secured BY this oPportune aid
furnished by those who of al the world most felt
for the condition Of Texas, had most faith in the
integrity Of her promises and had the highest con-
fdence In the success Of her srms.
With such assistance, Texas finally achieved hor
Independence and establisheda sovereignty, which,
being blended with that of the Union of these
States, has placed her In condition of imprcgna-
BILE strength and inexhaustible prosperity. The
lands which she pledged to those who should sue
cor her in her adversty have been made to bring
into her Golfers ten millions of dollars. She has
still loft in her possession immense tracts Of the
richest and most productive quality, sufficient, If
husbanded with any prudence, to make her rich as
well ~ powerful, to cover her soil with internal
improvements for the development of her illimi
table resources. and to raise up innumerable school
houses and colleges TO spread the blessings of edu
cation all over the land Vast in extent, with such
q future before her, and with such ample means,
not only to discharge satisfactorily provide for
all her debts, but to establish beneficcnt systems
for the future growth and enlightenment of great
State, it seems to US ncomprehensble that the first
act proposed after her strength assured and her
treasury for the hrst time well filed should be
which involves spoliation, ngratitude, and broken
faith.
to be discarded because her Necessities great
and the peril Of relieving her was the greater for
her necessities. Men rsked their fortunes for her
= desperate chance, and they ara 10 be punished
condition was 20 nearly hopeless, that il was dcs-
peraton to trust her at all If she had not needed
help much. she could have got it easier terms
If she had not needed it at all, capitalists would
have crowded 1t upon her at low rates. But it was
with her matter of life and DEATH If she could
be aided, she would live and would pay generously
for the risk il she pershed her creditors must suffer
total loss In her defeat She trumphed; and is it
even decent, that having gained everything she
labored for fought for, desired and borrowed for,
she should clutch tho whole, and grudgc even what
shc contracted to give her most efficient friends?
As a mere mercantile speculation, should she cheat
her partners out Of their share Of the profits of
common risk?
We hardly think IL possible, notwithstanding
the camor Of large portion Of the Texas prcss for
repudiating the obligation Of tho contract and pay
ing only what the State pcascs, nothing at all;
for the right to alter the face OF the obligation in
wolves the right to reject the WHOLE II II should be
thought convenient or desirable. And we arc glad
to see that there moro than two prssses, and
some very prominent men, in Texas, who feel the
enormous wrong which IL thus threatened, and the
disgraco which Il will bring upon the good name
OF the State, and who are ready 10 employ voice
catnstrophe.