The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1854-05-27

I'm 0AW00o GAN
A wrt.ss In Tie Gslvsssoa Move ssview'
At considerable length. the merits Of W.
Dswso~'s proposition to Teas. in order Ia
facilitate ~ payment Of bic elsi~. Ths
whole question 10 embodied In The follow
ing paragraph:
.Ths avditorial rspost to the Legislature. oil
tho indebtedness Of the State, reduces the M.
w debt, under the scaling system. to half the
face Of the bonds, which 10 an error, evidently.
ft the bonds were really soid u s,Ify instead
Of 6Gy csnts on the dollar. But suppose the
sealing law would properly reduce the dsbl
we then sdmu we owe on the bond retained
by Mr.. Dawson, vlao,ooe
And in,ers., from Nov 1898, At 10
per cent per snnum 5i0'oot
Making esoo,oot
But the face Of the bond showa. and Mr.
Dawso contends, that We owe bin, pr,ncipa
and interest, double that amount, o7o0,0
which SUN he is willing to invest, together
with A. much more, to be furnished by him
self, making fourteen hundred thousand dol
lars, (et 400 ,00o) IN building railroads through
Texas"
The writer argues that il 10 an exceed
iugly liberal proposition on the part o.
Mr.. Dawson, and one that is bound to 70
sui. eminsn,iy to the advantage Of 1exas
Hs continues:
There Vas no disposition TO give to Mr.
Dax son any exclusive privileges. The report
Of Col. Kelley, chairman Of the House Com
mit,ee, which | have no, yet been abe TO rsic'
to, expresses the hope, believe, that II this
arrangement for the settlement Of the Dawson
claim should b. sgrsed to, it might induce
others TO come forward and settle upon ths
aams favorable terms to Texas, and, a. Is be
lievsd, also to uss creditors.
II will be seen BY tho foregoing that the
cost Of tho navy furnished by Mr.. Dawson,
amounted to $4,000, and that the ten
per cent interest since that time, swells the
sum to $3.50. 900; while the amour, he
claims reaches s7OO,OOO. II this be cor.
rect, the State OF Texas has assumed 10
pay, in this instance, double tho amount
she received, and the writer in the News
contends that other claims should be set
tied in the same manner. In other words
Il is our interest to pay out two dollars fo'
one, in order to secure the money in inter-
nal improvements. II the principle be
correct, why no, carry /. out in relation to
every species of Internal improvements
Why not make a contract 10 that eflec, with
every capitalist who will agree to build our
roads, without looking to our creditors
The truth Is. Mr.. Dswson's proposition
will not bear investigation. We either owe
him Justly what he claims, or we do not
IL he is correct, every dollar ought to be
paid him, without imposing any conditions
Is it reasonable to suppose that Mr..
Dawson, or any ono else. IS going to ex>
pend large sum Of money. and partIcu.
larry An amount over n million Of dollars,
without, full assurance that he has made
a safe and valuable investment We
think not.
The most of the old settlers Of Texas
are in favor OF discharglng this claim at its
face valae. But they do no, take the same
view Of other clAi,ns and willis they might
be willing, in view Of the circumstances,
to give him all he asks, they will no, deal
in this manner with those who are desirous
Of attaching themselves to his skirts,
We should like TO see the merits Of bis
claim discussed, without reference to his
proposition.