The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1853-04-02

out o0Su0Eutyp oU0 tu0y DSc1HsS vusoSs
Ia December. 1871. Texas suspended .
msns because shs was thsn sas1 = 10
her debts.
But mere lot me ask, WIFE are thsss q
itors who now come forward With .
pIsintivs appeals 10 THE bodyf Who
thsy who ars implosing the commisesa,
III Senators: "Hslp W. Of ~ sink
hey men who were sufferers By thsa9e
evolutionary strugglsl or ars they .
who spssalatsd spon The individuals !
went through The tolls and dangers Of
rsvolstion Thsss prouissory notss
pveciassd la The hands Of men who
toilsd ard fought in the revolution. q
Who had there given their services IN
energies 10 the cause u independents
their hands the notes deprecated unit {
became valssless. They were then IT,
upon tho market, they were ssissd u Ia
spectators. At auctions, In the str
our ci,iss and villages, they were sub d
to public sale aud cried Of 1t from N
cents 10 FIVE cents. Goiag. going. toc
Then Il was that these spssulstors efia'
aud secured ,asir clnims to the gen. o'
aud elsmsncy VI Texas, and the feel
aud csmniseration Of this body! ~
wsss no bonds sold In market for "
they would bring; hut these were poor
sorv notes sold for mere song undcr
auctionser's hammer, and I'm qunntsle
suit purchasers" Tor they ~ess pil<o o.
laree ~ cotton balss. When they "
cried up ill they reached aboat thrse &c
on the dollar. they would he knocked "a,
to the bidder. and 10 would b. told io
ana select from The pile ~ many ss
wanted; no might take bundle ~ !,
- cotton hsls. Laughter.
i That 10 the way In which thsse svi
Of debt were obtained. These nrv q
Utilities for which gentlemen claim b
dtsd cents On the dollar. and whier *
acauirsd at the rate Of from one to q
live cents on the dollar No donbt p
men in tho United States thought tn
pect vas very flnc they know tn q
| Texans wore descended from the 40
Saxon stock, and that they would M
their liberty in defiance Of every dill
for the American rnce never ret
never took one step hackwarte. an
from the day they had Impressed the Z
stsps upon . perilous soil, they weail
on. Such gentlemen. perhaps. 1 boo
that IL the Texans were involved In 'iiii'
ties, they might venture 10 sell real ca
and get IN ,n~y when there was a pr
of investing il 10 Texas deprecated pa
70 much advantage. No doubt ind =
circumstances gentlemen in the / n
Sts,es purchased large amounts -
promi~.ory notes Of Texas at ten CO.
the dollar, and now come forward anf
one hundred cents on the dollar! y
e,nplity il more particularly, vii! sta
such WAS the depreciation OF Tsxascu
that. for instance. II a judge. getting
sry OF $4,000, came forward to 'ete.r
and his dsmsnd WA exhibited. he ee
receive in Treasury notes $4,000, Ia
npon no tissue Of honda, but upon eve
In his hand,. the money deprecated. VI
psrhaps, II became worthless. Ard the
was thsuwn into the market 10 some sIl'
aud purchased up by speculstors at 4
one 10 three or 1--WE cents.
This is the character Of tho Texas
bilitiss. This il tho manner il which
have beeA bought. What justice. ID
fore. would there bs in giving n hun,
cents ON tho dollar for their rsietnpi
when they were acquired at rates var.
from ono to Eve cents. Is Texas houu
good faith to lo IL Was the risk to d
gentlemen worth. tho difference b-tv
three cents and hundred OH the dol
| think not Thea let me ash. has II
cviuccd = disposition to pay her debt
good faith, aud scco'diag 40 fg ,ule
squityl
upsn tie e.is llls pass ats'
: .le m lsnr tai,i fst.. and ihat ,
purtlas p s' va 80 nominal rate. i.
haa "eie % pay sPon none. no I
's. 70. VIVA. they WIRE bought. less
twenty cents on the d,llsr. All
that rate up To twenty Eve. hfiy. and
sntY, and seventy five cents. according
tho dasss Of the Issues Of the notes, ans
vslus \, which they were issued, slso
ciudiss. in most cases, the interest
is tho equitable principle upo" "
Texas determined To pay her debts. J
this svines = disposition to d~fraad
creditors. to involve her reputation. Il
pudiatst IL these honest ,ilnes, II .
gets his due be 10 doing very well.
not Texas done this towaId her CREDIT
Tsxas, air. hes svinesd no disposstio
svade - paymen, cfaIl just and equi
debts - liabilities.
lhsvs every deposition In h very
did on this occ aston, and eheteior~.
il due 10 ehe creditors, | lhini u dss 10
vldssls, aud shink 4 dee = ~ Gs'
nvoa OF The uwitsd States, II state p
II ths, | wosld not sseksw one iisbslit
The part Of Texas. and tsnsssr II 10
.houidsss Of the United Ststes. "
ssy TO Texas. PAY away the las, ec'
.. your Golfers, bankrupt yourself, give :
: your hundred millions Of acres II
> rather Than throw sls~ responsibility
IL 1eepd Stapss' II Ne were 10 b q
!. ,sss q . dollar. and wishcst an ass
: land avai(aLle, the tinsss then would -
- gioomy ~ those through wAisA 4
; has already paced. ~osd - -
; - Tssas nos inset her jsse nalaaa6saI
throw ~ responsibility spss ~ u
= States, and sAst thsr. thsssCN gsses
: tender mercy to ~ vspatatisn ~ X
!, ~ Uaised stases sasslt Hss1
dekla.
lAa fss aeias jssaieA - ns'aiag
!. iaasies, bat IN dssseeAe taes As
! 49, skall " ssdssssoos' IN rrlss'cn 10
. u1@aee, msss than sss rs'''ai rsottss
~ - ~ slaimants YES eisposed 70
, | hihia ~ - wss3d WAC ara those