New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-11

| lHOSt CluIiHS SlOulu % SCutcU-tudt 49, P"i"
only in part, or so much rs had been re-
ceiyed by her on the issue of the bonds.
That is to say, where she, in her days of
darkness, doubt and restitution, obtained
| $40 600 from a reluctant lender, and gave
him her solemn promise to pay 100000 in
case she should secure her independence
and ever be able to pay at all, she now, her
dark hour having passed, and her means
| being now ample, turns square around and
says, i will only pay you as much as |
'originally received, and if you don't forth
with consent to take whatever l please to
'pay, won't give you anything
In this dilemma her swinded creditors
ERE down upon Congress for another lug at
the Treasury. Some of them having filed
their claims at Washington pursuant to
the act of Congress, were utterly unable
to file them at the Treasury of Texas as
required, and are thus cut off altogether.
Others are offered by Texas great deal
less than they actually paid for her bonds,
relying (the green goslings y on thehonesty
and good faith of the dark haired sister,
And so they ask Congress, instead of pay
ing over to Texas the Five Millions of fire
per cent. bonds withheld as hostage for
her honesty, to pay their demands in full
(S8,3OO,OO0) in three per cents, which
| (they say) will only bear the same amount
of interest as the five per cents. already
promised to Texas.
For our own part, we feel that Uncle
Sam has paid quite enough for his Texas
whistle, and don't realize that he is under
obligation to add another red cent. We
feel that, if he should now divide the
$4,000, 900 Of five per cents. going to Texas
pro rata among all her creditors, after
paying in full those for which the Texas
Customs were expressly pledged, he will
have treated them not only with justice but
with generosity-that even they must ac-
knowledge, in view of the now fully deyel-
oped scoundrelism of the Republic they
are thus receiving twice as much from the |
Union as they ever would have realized |
from Texas. However, we give their view
of the subject let it be duly pondered:
The PUBLIC DIET OF IExAs-Is THE UNITED STATES |
TIE the Members Of Congress.
1t is provided by the resolution of Congress of the let
of March, ls45 for annexing the republic of Texas to
the United States, that she should retain all and
inappropriate lands" 10 be applied toward the pay
ment Of her debts and labhie' And, also thatin mo
event hose debts and liabilities become charge
On the United States" The people of Texas in due
FORM stterward accepted the proposition rendered to
them IN this resolution Tor annexation with all s pro.
posas conditions and guarantees" and OF course be-
bound by Them This joint of Texas and the
United Sites recognises the debts and liabilities of the
former, existing At the time legal contracts 10 the
payment Of which the proceeds of the vacant lands
within her limits were pledged This pledge
acted by the United States equally for hsr own protec.
on end that of the itors, and Texas fully as.
sented 10 il she must be held bound by IT,
1t is likewise provided by tue OF Congress of the
oth September, 1880 that In confederation OF things
to be done by Texas, as specified, the of too mil
lie oil dollars shall be paid to her Ia stock described
In sid active million Of which is TO be retained till
class OF creditors therein desig mated shall
cute ard file releases for their claims TO the United
Stses This act also has been duly asserted 10 by the
STATE OF Texas and thus second time the debts and
liabilities OF tnat state recognised be valid and
sutsistDg contracts which both governments we're le
gally ard equi,ably bound to pay.
II this were not so, why those releases stipulated
Tor, and why s the money to be- withheld till they are
executed and hledl Up 70 his tine lind no dlscrim
inahen made among the different classes of the debts
and liabilities OF Texas All are equally provided for,
except thoie for which the duties on imports are spe
cialy pledged" These preferred In the distribution
OF the five millions Of dollars retained Ia the Treasury
OF the United States, but classification dscrmina.
tiOD is made. The whole stand on the same footing
There IS nowhere 70 be found any authority for the
state Of Texas to grant preference class OF cred
jICrs over others-the guarantee Is alike 70 all
TIE State OF Texas, by act passed on the Goth |
March, 1915 by the Legislature, undertook to classify
and scale or reduce certain portions of her debts and
Liabilities according TO some imaginary principle for
which no legal authority can be shown. Subsequently,
BY another act passed the 3lst January 1852 this
same system Is pursued. and the proceedings of her
oihcerA under the ermer law arc adopted, and sought
to be carried out This latter act was passed with d.
rec, reference tc me appropriation OF the five millions
oi collars Withheld In the Federal Treasury under the
foregoing act OF Congress- and designate the
names OF the creditors TO be paid, the payable
to esch-iu many cases ct large reductions below
amount OF the claims and below the paid 10 other
creditors holding equal amounts OF claims-and further
spuate that her creditors shall execute releases NOT
only to the United States but 10 the SGie Of Teas in
the form OF receipt In full before they shall be emit
tied to receive anything whatever T
respectfully submit, that this ACT Of the Legislature
OF Texas Is plain and palpsble violation of tina. pro-
v'ion OF the Constitution of the United States whi;h
p onibs states from passing laws "imparing the obi
CATION Of contracts Ii these debts and liabilities .
eVloeLced and secured by bonds, certificates notes
&C. q Tie Republic OF Texas, and repeatedly recOg il
Used BY the ont acts of Texas and the United States
= be valid and su6s.tng claims tina, are TO be released
and rtcfipttd for before payment contracts then
US COZ ciusion is anlest ard inevitable This whole a
sealing process ard the releases demanded are unc0n-
additional exscons, which cannot and ought not 10 en-.
forced The creditors cannot be compelled 10 acceds q
o. them and the Government Of the nted States paws
the money IN is orORg under such void authority
release thus exioed is In itself 1oid and no msn Is
concluded by H. -
How cen the Government Of the United States no. Il
ice such an act purpor0g to be law this she u
s not only the trustee Of certain the creditors "a
oil Iexss bur surety to them, Also and she can know
40 dittlncton anoIg them, because the ay creates
none The FIVE millions IN the Treasury If paid a, all
should be paid 10 these creditors pro raa holding the
class OF claims ~ which II 10 applicable They all az. g
pear before our Government equals and no prefer
ence can be given to sny without gross Injustice and