PAPERS OF l\'[IRABEAU BuoNAPARTE LAMAR 285 and think I have them in a train of completion which will enable me to leave N. Orleans in the packet of the ·1st of Deer. for Hous- ton I am exceedingly gratified to know that confidence in our gov- ernment has of late increased so rapidly. Some of the wealthiest and most dintinguished population in this State is emigrating and pre- pareing to emigrate to it. Your elevation to the chief Magistracy of the country seems to be universally admitted most propitious to every thing connected with its advancement, and I avail myself of every occasion to express with pride my own convictions on the subject. I have just l[earned] that the commissioners have effected a loan of five millions from the Pennsylvania Bank of the U. S. I heard the fact with mingled feelings of pleasure and dissatisfaction as' it pained me to be informed that one of the conditions arc that the notes of the Bank shall be received in payment of all public dues. This condition would not have been impolitic in '36. '7.; but at this advanced state, of our unquestionable independence, when w1th proper efforts we ought to be enabled to procure a loan at 6 or eight per cent interest, with the solitary conditions of paying interest and refunding the am 't at maturity I cannot acquiesce as a citizen of the country and would not if I were an officer of government. It will be equivalent to a bounty of fifty thousand dollars a year to the Bank, if the loan is for 20 years, to the exclusion of our ability to regulate our own currency &.c &.c &.c I have not time or space to go into a discussion of the matter now, but I am convinced that if you view it as I do you would avail yourself of all honorable means to cause this obnoxious feature to be stricken out or the loan annulled. In haste I am your friend Memucan Hunt To His Ex l\L B. Lamar P. Elect R. Texas
[Endorsed]
[Addressed] From M. Hunt
Gen 1\[ Hunt
18 3/4
Olinton 1\iiss 8th Nov 1838
To His Ex:
M. B. Lamar
V. President of Texas and P. Elect Houston Texas
Care of the Texian P. 0 Agent New Orleans
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