The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-22

season. strive TO learn what amount OF the fAn supply
will be available then that informed they may not
send out exragant ORDERS the execution Of which would
damage the interest Of operators at large but rather con-
ns their imports within reasonable limits and thus hslp
to strengthen the trade against all future rsvsrsss
1t will be recolected that there still ave millions Of
the appropriation Of ten millions, made by Congress
discharge the Texas debt in abeyance locked mn In the
treasury under decision made by the last admnistra
ton. 1t decided that the Ave milHona reserved
under the provso Of the Texan indemnity should not be
paid until all the creditors should sign release TO the
United States government Of their claims upon Tsxas
based upon the bonds which TO be paid from the
customs Some of this class Of creditors might
wish to accept the scaling offers Of Texas, and sign
lease accordingly But the decision Of the late Attorney
General Reveray Johnson that all the creditors must
unite the release before any Of them could - paid
But the question has been laid before the present adm
nstration and Attorney General Gushing has given IN
opinion very different from that of his predecessor The
subject before the President for decsion In rsla
ton to this matter We give extract from the Ledger
Of Philadelphia
In was reported the street yesterday, with Some d.
recnes that that department Of the eharred
with the Interpretation Of the law Appropriatng ave MIL
lions to the Of the creditors Of Texas had 6oo4ed
that the notes do not In for portion Of the Eve
millions appropriated by Congress- and that the ten Per
cent bonds that the late administration ruled cut ana
which subse quent paid BY the satesf sxas s. the
scaled rate of go per cent Of their face do this state
ment is true and the decision OF the government shall
stand the rule Of actioc under the law the advantage
will be all on the side Of Teass Tho 10 cent bonAs
which have been surrendered to her At the rate Of % per
cent Of their face may be presented to the national
treasury for payment in full out Of the Ave msns
propriated by Congress. If emenber rightly, there
about two millions of these bonds and II paid by
government the amount, 1t win DO seen, will make
large hole in the Ave millions The scale value Of the
notes is twenty Ave cents in the dollar bear
interest presumed that Texas judging from her past
dephia deeply interested In this decision If true IS
stated large amount Of the Texas securities have been
held here for years. and under the decision Of the Ats ad
minstration, the holders naturally supposny it to be
fna surrendered the 10 cent bonds holding on to
the notes in the full that whenever the Ave
million appropriation distributed the nstes would
come in for equitable share. How there be two
decisions Of the same matter by the officers Of
eminent though not the same do not readily
understand. That it works ruinously long suffering
holders Of Texas securities is manifest for the ats I'D
minstrai0n had not decided did the bends would
have been still held here and their full payment would
have helped to mako up the loss the notes that now
seems probable under the present decision.
Stock Exehan00.