The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-04
M From the rsnns, lvaAian.
Thu Tsxas De hi,

good deal Of sxcilensnt has been occ4soned among
the holders Of Texan claims abou. The propo-
a OF Texas 10 scale her debt and pay Out only what se
can lay present. or, in other words putting Oh her
creditors with pro rata payment Mr Lorwin's last
Texan bonds and certificates (ncluding treasury notes.
sign full release. be viii only pay over to Texas I'VE OF
hs ten millions appropriated BY the acl OF Congress IN
10 the MISUNDERSTANDING the other I'VE Tor The
protection of The general government The whole debt
OF Texas according 10 Observer, OF The Ledger Is
about twelve millions while she has ten millions OF dol
lars in United States bonds. which, with the premium
thereon, worth eleven millions, and one hundred d
twenty five millions OF of land which, al but biiy
cents an acre, worth 1o2,5O0 900 more,
To show how this subject is regarded IN Texas, we
give The following gratifying extract IRON the Ban An
Iona Western Texan OF the OH OF March
ave sincerely believe that majority Of the people Of Of
every descriplion az IL ,ce represenlaon We believe
that the desire OF all ciiz ana that the repu
pIoscA-lhat nothing would bear the least semblance
10 Republication should bs recorded in our history lsa
ell that he toofe State has been utterly
unable cancel OF The many obligations made IN Tie
day Of ia dire neeesy-and Tor ,n's no man Of reason
power she should refuse 10 pay what she owes, OF should
use amy Or sadue ,pi not an y
at Is known IN our public debt taken the lace Of tie
pa per issued will much exceed the len millions now be-
longing in The hands Of the general government; but
as hey become Available. could be aIrod the ex,'n
guishmen oil our liabilities remaining sief The Ten millions
shall have been paid out 70 each g our creditors po '"a
"a plan suggested Itself TO our minds to be carried
out by our Sae pay their iisc all Our bonds prom
sorry &c with the millions and the future proceeds
lie public domain. which If it would be satisfactory TO
creditors, would give 70 our wealth and poPuiauVn
pdy OF increase uneaampled in history The outlines
follows That our legislature at ITS mex. session
should whole amount oil our obligations al
their face should lie fully paid. whenever tbe in amount
money for that purpose should be In our pos
seE sion millions, with the accruihg interest,"
should remain the hands Of the general government or
saiekee ping, only be drawn out on certain conditions,
smilar 10 those named below. Besides there are, no
doubt claims against government sun unsettled
and unalded, particularly Tor personal services 10 APP
propra,e and pay out The ten millions now pro ratd 10 me
claims against would be DONG must
ice 10 those not yet settled While the interest the ten
millions j. accrung, let the claims now acknowledged be
also g aiming interest ill iaalty paid.
"Our idea IL, that State shou'd suhorze spch inter
nal may be called for 10y Ike different
tios OF country with permission 70 our clzens ana
the rubcribe 10 the stock oil such as
they shall appovehe creditor subscribing 10 draw on the
Of the debt for the work as last as
com pleed We would not compel creditor TO embark IN
any particular improvement That ne might Lot ueelh
called likely to pay proh on MS investment
Bat the doubt lha this State with population OF
now near bundled thonsand, and SOL aud cit
waited would present rs many "a vorabe oppor-
ttun,ies for Investment any other IN the Union