The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-05-19
Correspondence Of Goverue. rcasc and
tho Galveston Committee

subject cannot be too thoroughly invest
gated by the people Of the State. The,
should be well satisfied in regard to III,
scheme proposed before embsfkinn INTO II
Once entered upon, failure would result
IN disaster and ruin to the State. We have
bestowed upon it much time, investigation
and reflection, aud have long since come
to "A different conclusion from that which ii
appears his Eseelleucy has arrived at. Our
views in regard to the State system" OF
Improvement hayo been heretofore freely
expressed to our readers We have seen
nothing to induce US to change them Once
satisfy US OF our error, aud we are ready
to reoede. We are welded to no plan,
bat we are ready to advocate any calcula
ted to promote the great interests OF the
State.
We regret Gov Pease has chosen TO oc
cupy a position against which we have
heretofore so fully expressed our decided
and emphatic dissent We give him credit
for honesty of purpose, and are sorry that
we are placed in seeming position OF
opposition to him Ilehas duty to perform
and 50 have we and therefore being salts
fed Of the orfoneousucss OF the views sug.
gested hy him, our duty as independent
journalists requires that We should fully
express our opposition to the sentiments
published by him
Nihou, further preliminary remarks we
viii proceed TO review the letter OF Gov.
Pcasc
After giving the past history and failure
Of railroad legislation in Texas. the Cover
nor proceeds 10 remark The discourse
giug results have satisfied me-, that We can
not rtly upon foreign capitalists 10 bu.ll
Our railroads for Us Nilhall duer-snecf
10 his IiNcelieucy, vo thiHh tha, such fails
utes need not surprise the interest tyro 30
finance aud political economy The absurd
idea that the land BOGUS offered by the
State would induce foreign capitalists to
invest their money in the stock Of our rail
road, aud build them for Us, was too pal>
pahle to need exposure. Capitalists rarely
invest their money in speculation when the
dividends or profits To be realized are uu>
certain Yheg loan their nanny a. fred
and rrriaiu rut,s az afrtN. anil reynHs
bc most Ra47Hbt,f securing FIR p8WBtV ~
boA Some Of oar leg sIatan aud political
ee"H'H's'. :, Af' i',' ,.'- '''N,iS w. '.''.' ~
'mnaHah' lhhatl1 '"e,' 'i,' ''' ie'F.'
of fexas been 50 taught, and the uecas-
sity Of putting their own shoulders to ih"
who-l." demonstrated TO Them, and that
they must establish basis far credit. differ
ont results would. have been produced.
1hi. NO are authorized to say from the
success Of other States Capitalists VIII
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rs,,. The lY.i- for such a credit. we have
10, .r,,,,.,.I D., dsye',na fo our
ID. 10, AN, .,iicl.s .,,t,,n tl. suL,eet of
, railroad f,om the ctt, of Galveston to
,ll.rty
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10y -, ,,,.o,-' ,,l,t,o,,,y d.l, f..
'.,l. .,,tt.l ,, O., dts ey. million.
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orc,.i,, ia, give the inplisd sane
,,'..r NJ. 'ram.' and no.iti,n To- such mn
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NJ ,,,,a,J "a h,st ,,s,sn,, W.
.i,..,.,,l,, .pJ ,v,osed ,t. di.iointed
.l.., NJ Ill., ,.,cl. ii Toy
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eoufse' anu s''U" Wv 49,. H.. -
rom Tue ~ '''''' - ~,
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ms l''o"'' 80 H..
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/ mics OF '"''''''' w ~ .a.,;,..,,.,al
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