The Woodville Republican. [volume] (Woodville, Miss.) 1847-1853, 1851-03-04
T0RTTsF0BBENCE


Fno,d L,uthByraa The sPnng time
Of year is coming, and with It Is ushered
forth oil the ~yanegaisd Jeauty Of natures
The most interesting country
on earth. Texas is rendered more so bg lhe
consequeeces that are already clearly per
from her acceptance of the pro-
from the Federal Government for
the purchase Of a portion of her territory.
Emigration the past fall and winter has
been numerous, and the emigrants are gen.
orally of the better class land property
has risen in value and continues to rise the
country has an advancing interest as is easl-
ly perceptible from the bnskness OF busl-
ness and the settlements and Improvements
that are being made, while in this portion
the I" rose of health blooms on every face.
1t would be no false prophecy to say that
with al the advantages possessed by Texas
turned judiciousiy 10 her account, she had
II in her power to become the Empire State
of the South and West. With a climate
as salubrious as any, soil as fertile as there is
on earth, an industrious and enterprising
population, once relieved from her public
debt, and a large surplus in her treasury,
what will impede her progress onward and
upward among the sisterheed of States?
From an examination of the books of the
Auditor and Comptroller, the debt of Texas
is made to approximate $7.000,000 by esti-
mating the unified debt at 81, ABS $3.50, which
calculation exceeds it is believed by near
$500, 900, the actual mount. This esti-
mate will leave the State, after the dis
charge of her debt, a surplus of at least
5000, 900, over and above the amount
which can be realized by a sale of the Uni
ted States bonds at their current premium.
This debt discharged the condition of Texas
be all that can be desired, her as
varied as exhaustless, she will become an
object alike of pride and affection to her
children.
But, say our bond-holders, will not Tex
as pay her Treasury notes, 8 and 10 per cent
bonds at their full valuation? She viii not.
Our people never were suspected, even by
Shylock himself, of being such consummate
mummies. Those who ure ~unacquainted
with the circumstances under which the
larger portion of III public debt was cre-
ated, may not be relisted by those moral
crusaders in the economy of Providence;
who undertake 10 determine for Texas a
question which her people feel themselves
competent to decide for themselves, never.
theless, west of the Sabine, justice is con-
celved in this instance to be the payment of
a fair equivalent for that received, and our
State will scarcely pay 100 cents for that
which she issued at 25, and which s'e
could render available only at that sum.
The "scaling" standard adopted by our
Auditor ano Comptroller, it is true, owes its
being rather to the discretionary good sense
of those officers in protecting the interests
of the State, than to any express rule OF law
laid down for their action, yet it being sc
manifestly just to the State, and injurious tc
none save those shylocks, who are ever ready
to take advantage of and prey upon the ne
cessities Of other that il is believed lit
tie will be urged in her councils against il
adoption by the State as the rule in paying
her debt.
These face liability" chivalric persona
ges pirate extensively about moral honesty
national integrity and virtuous high-minded
ness in government operations, and may bt
INDUCED in their " virtnous rhapsodies' &C
cording to theory; but there is no justice
in Texas paying SPURIOUS interest t.
those specuiatng gentry who would demand
OF her ten times the value of that which il
her day Of trouble was 'msot ~grudgingly'
administered to her wants. There is nc
doubt that the State will pay her debt value
for value. She will cheerluily pay for tha
which she realized to her soldiers who fongh
her battles, 10 sealing operation has bee,
appiled-none will be applied in all in
stances where par wes received par " i'll b,
paid beyond this it is confidently believed
she vii not go, and in paying her nationa
debt according to this principle she fear,
not The reproach of reputation.
TEXAS