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TEXAS STATE LIBRARY
No. 2068 [1841] July 15, TEXIAN LOAN 8
TEXIAN LOAN. We devote a large space, to-day, to the following documents in rela- tion to the Loan.-Everything, of an authentic nature, on this subject, must be of the utmost importance to the people of Texas at the present time. Our opinion of this Loan, will be found in another column. From the Austin City Gazette. By permission of his Excellency tne President, we are enabled to lay before the people of this Republic, the following letter from Gen. James Hamilton, our Loan Commissioner, with the accompanying documets [sic], explanatory of the terms on which the Loan has been effected. London, l\fay 18, 1841. 9 SIR :-Since my last respects, I have completed my contract with J . Laffitte & Co., for the Texian loan, in conformity to which he issued the enclosed prospectus a"nd explanatory notice. After, in writing with M. Guizot, and in verbal conference with the King arid the Minister of Finance, I had assured myself, as I supposed, of the favorable disposi- tion and protection of the French Government for the negotiation of the loan in France: after, however, the prospectus was issued, and I had left Paris to superintend the subscriptions in England, the 'Jowrnal d[e]ss D[e]bats,' the especial organ of the Court, came out with a strong article against the loan, dissuading the Frerich citizens from going into it, and in the 'Messager and Moniteur,' M. Humann, the Minister of Finance, by a sort of semi-official, took a similar course. Messrs. Laffitte & Co., immediately postponed opening the books for receiving the subscriptions, that an appeal, on the ground of the absolutely stipulated and pledged good faith of the French Government, might be made to the French Government, and I expect every moment to go to Paris for this purpose, for which I have the strongest docu- mentary evidence. I cannot but believe that the King will maintaiu the honor of his government, and that the subscription will be opened with increased strength, as the conduct of the Minister of Finance has made many friends to the loan and greatly excited the constituency of Messrs. Lafitte & Co.'s Bank. The subscriptions would have been full and satisfactory in spite of all the combinations in England and France, among bankers and stockholders to depress the stock and run down the country. This untoward and unlooked for moYement on the part of the Minister of Finance will produce some delay; the subscriptions will not now, probably, be opened before July, or I return to New York, until September. But I trust I shall have, by the first of October, money enough deposited in a bank of good credit in New York, for all
•Printed. In' Texas Sentinel, supplement, (July 15? 1841). 0 No. 2027.
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