The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1874-09-26


whose Vaccinations were about 10 lc
Ihwnned. The people Of the state
were told that the prophecy was u
vain one, and that the governor, II hon.
cst In his assertion, was seli-deccl'el
and decciving them. They were told
that II was the arrogant boast of an
who, regardless of the welfare
of the state and intolerant of the opin-
ions of others, had thrusta certain pol
lev upon state legislation, aud seeing
failure inevitable in the near future,
with loud trumpeting was cndcavoring
TO stay his sinking courage.
Some citizens of the state, thank God
she was cursed with but few such, pro-
cceded to lay plans and effect combina-
tions for the purpose of thwarting the
of such project ns
of the floating dept, hoping
thereby to bring odum upon the exec
utive, and In addition thereto, enabling
them to continue their depredationS
upon the people of the state.
A powerful corporation lent such
valuable assistance, and DIES.
pite the efforts of the government ana
the hopeful outlook at the time the let.
ter was written, the hundred days
came and went and. no money had
found its way into the treasury.
Now, that the financial problem Is
about solved, the holders of the old
warrants paid in full and state credit
in Texas about at par, it may not be
amiss or uninteresting to our readers
to recur to the eventful days of last
winter and spring, and to review the
actions of the government and the mo-
tives of officials, which, perhaps, were
not easily OWNED at the time.
j When Governor Coke first assumed
the reigns of government, he found
state warrants Standing at fifty to sixty
cents on the dollars. This necessarily
involved double price for everything
the government had to buy, and such
had been the situation for two years
then past Not only was the state sub
jected to this ouerous burden, but hon
est creditors of the statc--her servants
and officials and soldiers on The from
tier-were forced by hard necessity to
sacrifice the states promises to pay at
this ruinous discount in order to buy
their bread. A gang of plunderers had
organized about Austin, and were pur-
suing their nefarious traffic in the
most shameless manner, buying from
the honest creditor, his state paper at
fifty cents on the dollar, and inmedi-
ately thereafter combining with some
sheriff, also on the ''make," and cash
ing it out of state money in his hands
OF course this gang did not want state
credit to 90 at par. OF course they
wanted the governor to fail in his at
tempt to place the financial operations
of the government upon n cash basis
and, of course they left no stone un.
turned to defeat his attempts to protect
the credit and people of the state.
Governor Coke was aware Of all this.
He was aware of the opposition already
combined against him, and of the
possibility of their defeating him. He
was also aware that it would take time
to have bonds of the state engraved
and placed upon the market, and the
proceeds RENTED to the treasury, YET
he knew that each day the depreda-
tons on our people We're constantly go
ing on. Each day honest creditors OF
the state, impressed by these. sharks
with the idea that the state was in
solvent, and would not be able to pay
the warrants foriyears, were sacrificing
their interest by n sale of these bonds
at, a discount, and, as was his duty, he
determined to do what he could in ar
resting the OWL, -even- If the attempt
should rebound to his personal injury.
While the hundred days promise was
based upon information, which Gov
ernor Coke believed fully justified him
in making the promise, we knoW Gov
ernor Coke too well not to know that
at the time ofindicting it he was aware
of possible failure. We happen to
know the object and purpose of this
letter to have been to save the honest
holders Of the state warrants, who had
worked for and earned the money,
from being victimized by a pow
erful combination, who, by every
means and artifce, were disparaging
and depreciating their value, in order
that they might buy them UP and
make rich speculation. IL was writ
ten in the interest of the mass Of the
creditors of Texas, to save them from
being plundered, and to foil the meta
rious scheme of ring. That this let
ter accomplished the patriotic purpose
for which it was written the sequel
abundantly shows. 1t strengthened
the weak and needy creditor, and gave
him now hope OF the state S willing
ness and ability to pay. Warrants
that were hawked about the Rtreets OF
Austin at sixty cents. rose at once TO
ninety cents, and never receded back
further than eighty again. Operatives
III state paper became.few and far be-
tween, and creditors Held on to state
promises, encouraged with the conf
dent belief that the state would soon
pay. We think we do not exaggerate
IN the least when we assert, that this
letter saved to the people OF the state
at least two hundred and fifty tlous-
aud dollars, Of which they otherwise
would have been tleeced by this ring OF
money sharks. i Ia. ,s.3-T. . u.i
The policy the Legislature saw fit to
adopt was not entirely the governors,
and it was not necessary that he
should have assumed responsibility
for its failure. He could have pro-
ceeded in good faith to execute it, in
the hest manner possible, maintaining
all the while a profound silence, and
allowing the people of Texas to be de-
ceived and plundered, and no jeer
would have come from warrant shark,
radical, or recreant democrat. But i'm
this, as in every instance, he chose the
manly part of duty, and sunk self out
of sight.
Standing as the chosen protector of
the peoples rights and interests, he
dared in their interest alone. to risk
defeat and. misconstructiop. That he
has succeeded, spite of almost over
whelming opposition, is cause for con-
graduation on, the part of every good
citizen and patriot, and this class,
which composes the mass of the peo-
pie of Texas, have recently manifested,
by universal endorsement, their high
of tlle firm integrity and
wise statesmanshlp OF Richard Coke,
the incorruptible Tribune of the peo-
pie .,.r;. fb,.l.u Eaa
A Blow from a Friend.
IN. o. Bulletin.l .r.!st
The Louisville Courier-J ournal, i'm an
article which we copy elsewhere,
speaking of the occurrences of Monday
Ia I,sa .sf Of