The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1855-04-28
Our rnhlic De b..


public debt n, It's face value. The editor
saws Aha, he ha. no doub, this declaration
"will snrils many who have bscome ha'
biiuA,cd to regard the scshne adjustment
of our Legislature. as the perfection OF hu'
man reason. aud the u,inn,um Of human
honesty" The reason which he gives for
this singular change Of opinion il. not that
he has come TO tho conclusion that this
scaling policy is unjust. bu, that as INST
ter of policy We viii be compelled to ahan>
don Il, Those WAC hold the evidences Of
our indebtedness are the stock Jobbers OF
Wall street, and these fnanciers, As he
contends, control the rnonIed capital OF the
United States, and exercise powerful in.
Auence in Europe T. them We have been
surmat,ed rs repndiaiing State. and
through their influence our public ard phi
ya,e credi, ha. been parali1ed no, only
ih-6uehou, the Union bu, the world,
This isn plain statement Of the case
and on this assumption. b. argues that We
ough, to discharge our liabilities 10 our
creditors according 10 their demands, how
ever unjns, and iniquitous they may sps
pear.
Upon this We take i-sue For one. We
viii never give our consent TO settlement
ioyolsing such Lumisi.ng concession.
We will never give our vote or our counte>
nance TO such measure Here are "A set
Of men, who have been offered the mos,
tnun.ac.nt settlement ever proposed by any
government IN the world They have not
only refused u, hu, logged IA from the m
,onal capitol to every city IN The Union, and
denounced Us in unmeasufed iefms, aud as
our contemporary contends have pursued
or ctizens to Europe And now we ere
called upon to bow down before these pub
lie plandeters, aud ~ matter Of necessity
give them ali they ak
Texas will never consent TO il. We trust
she will never cepscu,, under such cireum"
stances, to alter her sealing policy. single
larihng above what i, ia now. She can
afford to lie, the matter res, as long RS her
creditors, and she will do il,
But tho editor Of the Herald, ard those
who occupy hi, position, ovef>es!.lnale the
power of Wall street, Its financial iniiu.
ence is no, controlling either IN this country
or ia Europe. f'y somo well devised
strs,asem or msnGusre they may make It
appear so to the uninitated, or persons
Interested IN giving currency to such an
opinion. may sndeayor 10 impress !, upon
the pubic mind of Toras. but with Sll
their clap trap and ledgefdenain, they viii
humbug only lhoso who are easily deceived
or are desIrous Of being led a.lray. Wal
street has been provefb,al Tor It's viiiainy
tor the lsst ten wears but never, during
thsi Whole period Inns It been rendered so
notorious "a within the asst twelve or eigh
teen months. Nearly all tho astounding
schemes Of rascs'iif from the days of
Swaftoui to that Of Schuyler had their
ri gin IN this hot bed Of inlqniig and cor
.uption. 10 talk about such set Of men
controlling the public credit of the toloo, 1.
much les. Of Europe, II. too ridiculous for
serious consideration
Nor have we any evidence OF the wan,
Of credi, b. Texas or her citizen. So far
n individual credit il concerned the mis-.
fortune Of 1t IS, her citizens have had too
much Of Il for their own good. The cred.
it Of the State has no, vet been tried but.
Il an occasion should arse for our State to
borrow money. We think she will he able to
yet as much as she wants. and a, rs fair
per cent as any other in the MON.
Pu, il il were otherwise we DO no, think
NO should feel any great degree OF regret
On tina. account. Il her credit wss too
1 ood il might prove dangerous snare, and
Ike many other States she might be induced
to launch GU, into system of es'ravsgance
which would oyera helm her with debt and
her people with taxation.
o. All OF Our exchanges speak Of the
extraordinary dry winter and spring. The
Galveston News Of the lob, in reference
10 this subject says;
The same continued DIV, and cold
weather seems 10 extend all aver the South
There has been neither moisture nor warmth
sufficient, lor vegetation. Here, IN many
places, the seed has rotied in the ground
aud even where Il has sprouled the growth
has been checked By tho severe cold, ~
entirely destroyed by the late FROST,
kepianilng s therefore almos, universal,
or a. least, FAR moro so than was ever
known before. But We learn that. in many
places, the ground is So dry tina. it has no,
sutlicien, moisture % gcrminate the seed,
and therefore tho farmers ARE waiting for
rain Even with favorable change of
weather. the crops mus. now neces-sly
be very late hu, il We have many more
auch northers NJ thu, which chilled ns YES.
te'day, II mny become u question whether
We are to have any crops"
The same paper confines
GONZALES The Inquirer states tina,
the grasshoppers ara making sad havoc of
the crops in Gonasies, and adjoining coun
ties. |. is believed that in two weeks they
will have dcstrnyed all siuns u feteinilnn