The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-02-13

government OF the United States 10 state olalnIv hat
would no' esehew one liability on the part OF Texas
ana transfer u 10 HE shoulders OF the United States
would say TO Texas. I" Pay away the last cent in your
Sohefs bankrupt YOURSELF give away your hundred mill
Mons OF acres OF land rather than throw the responsible
NY onthe United States" Ii were TO be left destitute
oil dollar and without acre of land available the
umes then would not be gloomy as those through
winch Texas has already passed. | would be sorry TO
see Texas not meet her just liabilities and throw the
responsibility OF them upon The United States, and that
tnen through grace and tender mercy 10 the reputation
OF lexas, The United States should lquldate debts,
am Tor doing justice and nothing bat justice; but
am Determined that something shall be understood IN re-
iaon 10 this matter more than the partial representation
OF the claimants disposed To exhibit TO the world.
no are those that most clamoFous against the mus
lice OF Texas and the wrongs which they have sustain
ed from her Are they who have peculiar claims upon
the sympathy OF this body Are they who have pecu-
liar claims upon the confidence OF Texas Are they
who blended their destiny with hers IN her hours trial
Are they who marched with her armies upon their
marches Are they men who upon her vigils of peril
watched with her Are they who toiled or starved
Tor her. Me- err They have sprung up, like dragons
find the difusve influence OF this speculation upon null
utudes that surround The Capitol Members beseged
at every step with appeals. do this Tor us do justice
for U.S. the reputation OF Texas; be honorable and
II will do her some good" They do not say, in sgnih-
cant strains, "Fil our pockets, fill pockets, will
your! though this is what they mean They mean moth
ing else than TO acquire, and to take away from either
governmental will moi say ill-gotten gans-but what
would be clear gains, If they got them
The largest amount of the outstanding issues against
Texas al Tins lime arises IRON obligations that
sued IRON her treasury for which she received but from
sixteen 10 ten cents the dollar and now hundred
cents on the dollar is claimed for them swelling the
amount OF her debts TO millions No matter how irreg
uarly the debt was contracted by Texas whether there
was authority Tor The obligations issued those brought
IN and iunded whether they made without appro
pra,ons not, Texas has estimated them and placed
them on footing with the other equitable demands
against her. She has extended equity when she might
have cavied and conended that according strict law
or common usage, she was not bound Yet we told
that If Texas would only come forward and redeem her
aT, sh
has IN her Golfers, and the IS 900 900 reserved by the
United States she would establish a reputation above
all suspicion; that she would then sustain herself with
credit; that II would do her honor, and make her
more glorious naon than existed. Sir, Texas az
State is only part OF this coniederacy, one of lhr-
tyone and she does not aspire be glorious than
the United States, or the mighty OF the earth
we hnd that they have pepea'ed offences against good
morality and national honor, which Texas 10 do
Ihey have repudlaed debts, not only revolutionary debts
but others contracted in good faith This Texas has not
DONE and will do She has not regulated one dol
Lar OF her revolutionary debt and she will do it, She
VIII pay hundred cents upon every dollar she has re-.
azed. IS not that worthy OF admiration Yet gentle
men say she would be glorious if she would paw The
nominal amount of her Liabilities.
When the United States repudiaed-I do not claim
that as authority, but wish to bring in array before
The public mind-it for an amount upwards OF
$24oooO.Ooo OF revolutionary debt Has Texas done
anything of that sort? Has she fepudiaed one just de-
mand, amounting TO singh dollar. OF citizens OF Texas
who assisted her in her hours OF dificulyi Not one
The United States repudiated millions, and hundreds OF
millions held IN the hands of war-worn veterans, who
MAD tolleu through a Revolutionary struggle OF
years. The United States repuda,ed The revolutionary
debt OF the war OF Independence which commenced in
1916 Texas during her revolution OF nine years, did
not repudaie one dollar that held by her revolution
airy soldiers The United States, when they assumed
The debts OF the several Staesihe old ihirieen-afler
the of the revolution, required the States 10 scale
those debts, and paid them the scaled Ii we
were disposed 10 be little tricky, might not follow
these examples But il have been tricky. do not
Know what fair dealing means. ,ra
We do not however, claim the benefit of the high ex-
amples 10 which | have referred; but think that in
view OF them comes with very bad grace from sthe
United States 10 become administrator the affairs of
Ie1ae, and 10 determine what are her Liabilities.
The amount OF SIS 100000 that was reserved in the
treasury oil the United States reserved the in
stance OF creditors, who impouning and surround
ing senators here when egislang this subject Some
sagacous lawyer had discovered that the United States
were liable when they acquired Texas, and received
from her means which intended for the liquidation
OF her debts II was not intended by that reservation
determine what The debts OF Texas were, bu, only the
debts OF certain character, for which the government
OF the United States might possibly be held liable When
were they 10 pay these debts When aseertained by
Texas and certified TO the treasury OF the United States
hal was the object OF retaining the SIS 100000,
dersood II al the ime and voted upon the subject in
all good faith and conhdence-salisfed, as was that
The amount upon which the impos duties of Texas
amount 900 st ~
The President and Secretary Of The Treasury of the
United States, alter The passage OF that b determined
In effect, that the government OF the United States
were liable for all the debts OF Texas twill be einem
Texas from lS4l down TO the time OF the annexation in
lS45. there was not dollar OF debt incurred nor one
liability created. From December lS4i when the ex.
chequer system established and the immense issues
OF O00 600 were suspended, $500 600 the amount
OF the currency established by law aadtbst commenced
TO Issue at the rate OF hundred cents The dollar A
combination directly formed of brokers and specua-
tots, gentlemen alien 10 Texas who wanted TO busier
and subver the government right or wrong, who said
that II they were not admitted into its control or made
participants OF II, they would subvert it, if by no other
way, by revolution They combined, and By their com.
biDaton immediately reduced the value OF that currency
from hundred cents TO seventy-hve, and one time il
went down as low as twenty-five on the dollar
BY economical ssues, By extreme economy in The gov
eminent. the value again But the egsature which
met annually consumed large amount, and being op
posed to the executive sought every possible means 10
embarrass him and, instead OF requiring the TO be
pad as under the previous existing laws they repealed
those laws Tor the COLLECTION OF taxes postponed their
operation for six MONTHS TO deprecia,e the value
OF by lessening the demand for this currency and there
by TO embsfrass the government in such a way that it
could no longer exist However, the good fortune that
presided over Texas and directed her path did not de.
set her The currency came up again, and at par
but after long Of the Texas Congress- il fell TO
fifty cents, and even low as thirty seven and half
cents but again and continued at par in spite of
all the combinations and Vaccinations OF faction corrup.
ton, and treason When that administration ended in