,·
[2660] [ANDRADE to SANTA ANNA]
[Juan J. Andrade to Antonio Lopez de Santa Anna, April 9, 1836, about the officer sent as a courier with important documents from Mexico City.]
[2661] [AUSTIN to BIDDLE]
Philadelphia April 9, 1836.
Sir,
As the enclosed memorandum embraces the outlines of the Loan for Texas on which I conversed with you this morning, I take the liberty of handing it to you. I should esteem it as a favor, if I could be informed within a short time, whether you think any thing could be effected in this matter. · I consider the cause of Texas is the cause of freemen, and of mankind, but more emphatically of the people of the United States than any other. I flatter myself that you view it in the same light, and that the security we offer is good, and therefore have no doubt you will give to it the attention which its importance wants. The leading men of all parties in Washington are favorably disposed towards Texas. A reference to them will, I think, satisfy all persons as to this fact. [Memorandum] It is proposed to negociate a Loan for the Government of Texas, on the following basis. The Commissioners of Texas shall assign to the Bank of the United States at Philadephia, the Bonds of the Government of Texas, which they hold, for the sum of 500,000 payable in not less than 5 years, and redeemable thereafter at the pleasure of the State at the rate of 20% per annum, and if not so redeemed at the end of ten years, to be wholly redeemable at 6 months notice thereafter, and bearing an interest of 8% per annum to be held in trust by said Bank, for the benefit of the holders of a scrip to be issued by the Commissioners, based on said Bonds. Books of Subscription shall be opened in the cities of Boston,, New York, Philadephia and Baltimore, for a scrip to be issued by the Commissioners in shares of $100, which said scrip shall entitle the holder to an interest in said Bonds equal to the
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394
J.
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