Description[Republic of Texas] Statement of the Facts Connected With the Claims of the Creditors of Texas on the Government of the United States. Washington: Printed by Donelson and Armstrong, 1852. 8vo. 16pp. Sewn wrappers. Fine. The act of Congress passed on September 9, 1850 regarding the settlement of the boundary of Texas and New Mexico made provisions for repayment of bonds and certificates secured by a pledge of the duties on imports by the former Republic of Texas.
Reference: Sabin 90738.
Texas would be granted ten million dollars in stock, of which only five million would be issued until Texas settled with its creditors. This document is an investigation into the "facts' of the outstanding debt of the former Republic before the release of the last five million dollars in stock. United States Secretary of the Treasury Thomas Corwin sums up: "I repeat, therefore, that for the information of all concerned, it will suffice to declare that all the public debt of Texas created prior to the act of Congress of that republic of the 14th January, 1840, and all the debt of said republic made receivable for all public dues, are, in my judgment, debts of Texas for which the duties on imports are specially pledged, and that release of all claim against the United States for or on account of such debts should be filed in the Treasury Department of the United States before the President will be justified in issuing the second five millions of stock to Texas...."
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