The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-06-30

shall we Accept the Texas Debt Dill

NJ. Editor:
Nv object, in appearing before the pub
gc through the medium OF your paper, Is
n Give my views upon, aud my reasons
uhy shall vote against the acceptance OF
H., ,ronosition from the General Govern
-, a. the State OF Texas, for the pay.
man, Of our debt. known as the Texas
D.ht Bill" | conceive /, to be OF more
importance to our State Than any other
''ns.tion that will come before the Leglsla
,n,, And do not believe, II the matter
cora properly cauyassed throughout the
s,a,. tbst the intelligence of the people
,.o,,d hermit them to accept such ptopo.
.i,io, from the General Government
The bin proposes to pay such creditors
~ the late Republic of Texas AS are CONS
,,,hetded in the act OF Congress OF Sep
,sn,ber o. 1850. seven millions seven hun
J,ed and 6lty thousand collars. provided the
legislature OF Texas will pass an act,
Withdrawing aud abandoning all claims and
demands agains, the lnited states, growing
ont OF Indian depreda,Inns or otherwise.
The people of Texas accepted the ten
r.,llion bin IN 1880. because they thought
the creditors would file their releases at the
Treasury of the United states, AS required
hv that act. aud the debt would be finally
and forever settled a. to them, but, sir, they
hay. heen awiullv deceived. Instead OF that,
aud eitef waiting five searn, the creditors
,.fpssd To file their claims, and have come
forward aud asked for more. suppose we
accept the last proposition OF the General
Government have we any assurance that
they will accept II on their paftf We know
they will not. Tor one OF them has already
said that he will not General Hamilton.
in his address to the people and creditors
Of the State OF Texas, says; 81 Deem It
somewhat suicidal to surrender sixty eight
per cent on perfectly valid obligation, to
get seventy eight per cent, even n cash
and he SAYS further, 4" do not think am
bound TO take hankrupts dividend OF
fty cents in the dollar. when Texas Is
solvent, and believe will pay IN full, or i
she does no, the Quilted States must.
Now sir. what are We to infer from TINT,
but that he for one is determined not 10
come into the settlement, others may re-
fuse also. ANY creditor who Is comprehen-
ded in the bil, aud whose clam does not
amount to more than q" red back, may
become refractory, and stand OF and defeat
the whole scheme.
We placed five million dollars IN the
Treasury OF the nted States five year,
ago for our creditors, and in doing so, We
placed it completely beyond our own con,
t,ol and they refused to receive II and
now the General Government, IN her pa
rental sololude for both parties, comes
forward with our own money ana offers
to settle our difficulties by apprornAlng
,.,,ly three millions more. Nov it we nc
cont This proposition Of the General Gove
.rrtuept. Il vii induce our creditors, TIE
General Government. aud the world To
beliey, that we would accept ahv PROPOSE
,,on rom the same quarter, no maiIer how
de,,atias IT, the event We should nceeW
M. b,il what will the nited states MAX"
Ly the whole operation from hrst to last
The General Government is bound For the
navmeu, of onr deht, so tar rs oar royo"ne'
were pieasod this lsa fact that cannot he
Questioned II IL were not Sn, "a' d'd sut
spoci, Ao class OF creditors for whom the
five milious werr rrtancd IN the ie"
million th Of 800 aud 81" particularly
described ia the u,l, of the srNas Dent
H,l. of tht Inst session OF '"ngfcs'i aud
vby doc. She. require the creditor, 10 release
~ well herself As Texas IN r"cripung iof
,s,,,op,3 %ov If Texas sui her credit
or. .cc.nt this propn..rru. the General
,oyerop,eni by nrprorriutre five millions
nj t,c rroreed, OF our public domain to
the naymcnt aft our creditors, thereby re-
a.ir,, her Of chat amount. and hy rrqulr
inc rexns to abandon her claims viii save
the whole amount except million aud
quarter dollars. aud money saved is mon
,y made.
But, sir, the advocates OF the h't say Us
e.trcmel, doubtful whether there are any
claims due Texas from the "t"d Ntl''s
on account Of Indian deprcd au"n7 nat
+. merely an assertion which none oil met"
have ever tried to prove on 'h' contrary,
Gcn Rus. has placed thr matter beyond
all possibility OF doubt. See h'' speech
in the : Senate, july y, lN'i N"e'
showing the specific objects for winch 'p-
proprialions bad been nude by the h'pu''
lie and State of Texas tor expenses incurred
prior 90 the 10th of l'ehraarv $50, Whlth
amounted 20 S3,sl5.0ll, be- goes on to say
This. ar. does not cover al the eNpenses'
., ina, il may be safely asserted that more
than one half the entre debt Of Texas,
WAS created in defending herself against
,L, ho.,,L, irruy.ious of Indians whom YOU