The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-03-25

States The truth is the United States has nothing TO
do with H. 1t is duty which belongs 10 Texas The
IS 600 900 in The treasury of the United States is
pended under extraordinary aud unsound consruc
lion placed BY the Secretary OF the Treasury on the
piso in the boundary That provides sthat no,
than 900 OF the stock OF the $40 900 900 shall
be issued TO Texas until the creditors OF Texas whose
certificates OF stock secured by pledge OF the
nues shall he at The treasury OF the United States releases
oil all claims against the government oil the United
States"
The provso does say all the creditors, but all the
CLAIMS which creditor might hold The whole power
Of Congress is exhausted when creditor signs his
lease and when he does sgn he entitled 10 the money
Texas has appropriated for his payment
There by schedule returned to the treasury, six
teen hundred creditors OF the State OF Texas whose
payment he S3,O00.000 IN the treasury OF the United
States have been appropriated by the OF Texas
mol one OF whom. however willing TO release the United
States, can receive his money until all release Is II
within the range OF human possibility that all the credl-
tors can agree to accept the settlement Texas lenders
But II this assent could be obtained before II could DC
consummated death might intervene TO prevent As has
been well put Congress has other alternative but 10
modify the proUiso and allow such oil the creditors US
willing sign their releases do ana receive teii
money
This fund has already been hung up for two years and
half in the treasury and if the proyso is not modified
may be hung up for two years and hall more: 10
the manifest injury and ruin OF those VINO are Wiling
to take the settlement which Texas accords TO them
But il that the creditors who have been rated In
the low scales protest against those whom Texas
has rated the high classes signing their release and re-
ceying their money and they call on me United States
without shadow OF authority, to aid them IN this scheme
OF despolism, by which this class OF creditors may be
coereed TO enter into confederation win them 10 com
pei the United States pay them all at par. Yes, sir
this press gang is TO knock down and mpound those who
not willing 10 hold out
Let me cite case What would be thought in private
life OF conspiracy among band OF creditors to prevent
those who willing TO compound with their debtor
at even twenty cents on the dollar in doing so! What
court OF justice would sustain an injustice so agant and
oppressive.
Ii there is poor man who, under this settlement which
Texas tenders in his need and willing 10 take
even fifteen cents on the dollar Congress has no night 70
aid combination OF individuals, for their own selfish
purposes to prevent his taking the sum Texas has appro.
priated Tor his payment
What sort OF desposm ia that which enables man
to another my fiat you shall not receive your
money, because am not willing TO take m,as?
Besides, there are many creditors who have assigned
their certificates of the stock OF Texas to their own cred
TORS Texas has, since the LIST OF july $780, stopped the
interest on her public debt while the debts OF these
sdRnr hs s VIII Ss
the fund OF the poor debtor will be absorbed and his
debts not paid.
But the question may be asked, What injury can posi-
bly, nue 10 those creditors who refuse TO sign their re-
leases and receive the money in the treasury OF the Uni
ted Sa,es Texas has appropriated for their payment
the United States with the accumulation of the accrung
interest, and they will be free then they now to
prosecute their absurd claim against the United States Tor
par their welfounded against the State OF Texas
with the far airer chance of either govern
ment would have smaller deficit to provide for
Much has been said of the injustice OF allowing the
large creditors who lent par receiving par. ask where
derive our power to prevent Texas fiom paying pro
anto at least a just debt' But throw these large
creditors OF the question. will take the case OF
suffering and needy widow, who is willing to take what
Texas has appropriated for her But then comes OPP
uen broker from Philadelphia, Baltimore or New York,
who says to this poor woman: You shall not receive
your money, because Texas does not pay me seventy
the dollar. Sir, there is great hardship and no
Justice in all this.
II we deny this privilege let US illustrate the national
faith and justice by new and grand national painting,
embematc of justice, in niche in the rotundo OF one
of Esop's fables-the dog in the maDger Oh for the
genus OF Hogarlh, represent rich bull dog. with
gold chain round bis neck growing oh the hungry des-
titute, and necessous
Sir. if Congress did enact in the proviso absurdity
80 impractcable as TO call on sixteen hundred men dt
ferenlly paid TO be of one mnd-which contend they
did not do-then say are bound TO say, in the en-
phatc language OF the amendment OF the senator from
Virginia, do MT abide this blunder.
The hour-for it is past mdnight-admonishes me no
longer TO respass upon your patence but cannot take
my without remark, said rather in sorrow than
anger" at the rapid strides which making towards
imperial consolidation OF this government by reducing
the States into contemplate parish corporations.
distinctly power TO hx define, and pay her
public debt in such proportions as we see ht totally e-
spectve of her will consider this the most daring
sau the sovereignty Of State in this Union which
the history of this confederacy afords-so rich IN the
records OF progressive usupaon OF The powers resery-
ed 10 the States respectively Nor Is this invasion made
more paatable by the contumely and insult combined
with it, Does cay anything or less than this to
Texas We consider you as untruslworthy rogues; we
take commission of bankruptcy against you,
and pay your creditors, which you have not the honesty
to do. You shall not pay creditor par from whom you
received par On l you pay creditor par who gave you
sixteen in the dollar. Does The history OF any gov
eminent afford equivalent instance OF audaciiy' But
our petensons do not end here. The gentleman from
Indiana offers amendment by which we made, not
the apprentices, but the master workmen OF reputation,
by scaling process far more comprehensive than that
reproach Texas for practising indeed, by the way,
the United States have fifteen tons OF continental
money unpaid and II does not lie in mouth to
proach other people with reputation. The gentleman
from Indiana proposes scaling down the creditors. Texas
proposes pay par aty cents in the doar that those
whom she has scaled thirty may be placed on the
same level. A very commendable depletion certainly.
Sir will say but word more, that when PROPOSE
tons OF lhis kind entertained in regard to sovereign
State hs Union, high time for get rid OF the
feeble and contemplate subordinate corporations called
State governments and take imperial master who
castigaie State into paying debt which she humby
says not Just. Burke somewhere says State cannot
be indicted but think have reached new truth in
confederate history that she may have commission
Of bankruptcy issued against her and be held to bail
Mr. BAYARD. The senator from South Carolina
still seems misunderstood my view in this alto
gether do not propose 10 restaie except very briefly
did say that in my Judgment there was no obligation
on the part OF the United States 10 pay any portion OF
the debts OF Texas, unless under the terms oil
the boundary but does that imply, 10 the ordinary
meaning OF lang that not to say such obi
CATION did arise under that boundary acil On the
trary followed that declaration with announcing what
supposed TO be the true intent and meaning OF that
boundary act; and attempted to show, whether sue
cessuy or not thai considered the object of that act
regards the United States, TO free herself by
from continuous claim the part OF these creditors
of Texas and that neither Texas her creditors had
any right AJAX for that until we were freed from
"A. claim hat oundth IN