The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1854-10-07


feel an interest. is 10 relation to the action
Of Congress with regard to our pnilir debt
This pas = subject ia which felt - deeper
interest 'hsn any other aud which J pre-
pared m,-elf al an early period Of the SEES
sion 10 meet was conscious. however
that nothing could be done IA relation to
ii, unless the movement came from the
creditors themselves. On the 9th OF Jan.
barry, this movement was made 10y Nr
Thompson. OF Kentucky. who introduced
bill into the Senate on this subject which
bill was. ou the same day, referred 10 the
Committee on Finance On the 18th al
June, the committee reported substitute
Tor the bill The substitute thus reported,
was little less than a menace and an insult
TO Texas, and ought to have beer rejected
by her with Indignation, but TO the honor oi
the Senate be it spoken. i, found but ittie
favor Ia that body, and on the 2lst oi June
Wac recommiited to the zane committee,
who, on the list of July, reported "ihe blll'
las subs,iiutel which now hold in my
hand. This bill, with some amendment,
passed the Senate, and came into the House
on the last week of the session, bat ~ II
required vote of two thirds to take It up
on. of IL order, it could not be taken from
the Speakers table, IA n two thirds vote
could not he obtained. The motion to
take it up Was made by Mr. Orr OF South
Carolina. | voted to take IL M. II taa
motion had prevailed, should have offered
substitute for the entire bill i my subs
stitute had been voted down. should have
voted for the Senate bill Of 1t had been put
on its passaee) as It came from the senate
without any material amendment in the
cla..se. As the bill only makes an oflerto
the State, ! should have voted for it, IN
order to refer the question: to the people
themselves, for decision but here express
the opinion, aud express It confidently, that
it can never pass the Senate.
The hill as it passed the Senate, makes
a proposition to Texas. |, proposes that
Texas shall reinguish to the United states
the five millions al bonds nov in the lfea
sary, with the interest and +; 'ii;;'nl the
whole now estimated at six millions five
hundred thorsanl dollars pro rata, among
the creditors who are included Under the
proviso to the boundary act.
have already expressed the opinion
TIM, the bill could MOI have passed the
House. es It passed the Senate. Mr. On
who made the motion TO take It up, re-
marked that i, was his intention, II the
motion prevailed. To move to reduce the
sum from IS 800 600 to ST. 500 OCO: aud
have no doubt ba, that this amendment
would have prevailed Thus re,liced ia
amount, would have voted even against
making it an offer to the state; for would
not -oie to n'a,.e an offer TO my state
which would have been an insult to tho
understanding Of the people, and az intlg>
uitv to their state pride.
Having said thus much. will say fur
Their. that the hill il no tHvoute oi mine /;
aud will proceed to gite few reasons
wh, i Is no layoFic. 10 the trst place tt
Is az utter disregard of all the laws OF lex
a.. except on the singh question OF interest
Ii provides Tor the disbursement OF To"
mcncv a, the niicd States Treasury, by
United States officers 1t makes 40 dts
.riion between those who have submitted
their chains 90 r. examination and re al
instment, hy the Auditofal Board OF our
state. apd those who have condemned those
laws ibe SECOND reason WHY the hl.i -
nr f,yortr j.. that II proposes that ieXss
.bell 0lra.a b. eoiItp amount in the i.er
slfy, aaj. c.u.. en.n', .ha has nn %" .,
uiaf, ii,,r..t ,nth. hi. tha 'nlN iai.'a
She can have Dr. 1t b. 10 god q 'ubir- w
question .,lilei and olr bef haHi', hos ihl-
the bill does mot propose 10 accomplish. /
can sec No reason WHY Texas 'nHult he iA
extacv about this bill suppose The 'uit-d
State. Government should las violent hands
on this amount ia her Treasury. belonging
to Texas. which, bf the way, she Mi
never do She could onl, take It All
She would disgrace herself hy the act, bet
the skirt. OF Texas would be- uusAln'd' VI
would involve 40 Inconsistency mo si"las
ton Of principle on her part The third
aud last reason which shall give, why the
biz is 40 crest lavorte, is that i does not
propcse to acqnit Texas OF the debt, 81
does not propose to relieve her iro'n 'nis
troublesome question. The third section
nroYi'ee that the creditors Oh receiving
their money, shall sign release Ia toll. "a
favor OF the United States; bat does not
repuIrr any release 10 be ''lad n favor ai
Texas but, on the contrary, Il provides
/ that they stal! endorse upon said security
OF evidence OF debt. a credit 81 the amount
so received by said holder in such form as
Z the Secretary Of the Treasury may PEE,
scribe and tho said certificates. or other
evidences Of debit. shall taen be deposited
/ with the Treasury Department, fos the
benefit OF those whom II may concern, an,
I'll otherwise directed BY law" Thus, Il ls
evident that Texas Is not to be released I;
but, on the contrary, these claims are "a he
deposited in the treasury " for the berrili
Of those whom il hiay cnncefr;' or, IL
other words, for the benefit oS4ee holder
agalns. Texas.
| will give one brief reason why should
have voted to make sn offer To the State OF
-, 500 900. ard Should have voted against
ST, 800 600, beyond the mere difference in
amount. should have voted Tor -, 800.
600, believing that sum suiieien, to pay
the er,irc debt. included IN the prov'so, at
par know il was not So considered in
the Senate. The Senate estimated the sum
a, rorc than sil,00o. 600, AMI the pro
rata dividend Mt rs cents on the dollar. u
had so thought. | would never have voted
FOR the bill. # i, had been put to vote, but
ST, 800. 900 would not have pad, sccofd
ing 10 N, estimate. f,orc .hso rs csnss On
the dollar aud thus believing. ! should