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Nothing can resuscitate the public credit but redeeming the public faith by compliance with contract as compromised, The bonds of the new loan will not command money until confidence in the Moral integrity of Govt shall be restored by sound legislation. I have offered my best land at 2$ pr Acre with bond to repay the Money and 20 pr Ct if the party shall be disatisfied with his purchase at the end of 12 months I cannot get a dollar neither up country or here, and have my family unprovided Cracked brained or not I have taken measures to counteract the impression made in England by the debate on Texas in Parliament, by sending to Mr. Gordon and the Editor of the London Atheneum each a copy of Mrs Holleys book with my view of the effect of the revolution in Texas upon British interests, they are both old correspondents- Mr Beal and Mr Ringold come out with me whether in the Independence or Fannin undecided- you can subscribe 5,000 Ds for me to the new loan as stated in the Telegraph of 13th Sept if you think proper There is a frightfull collaps in the circulating medium, the Western Banks will in all probability be compelled to stop before christmas and there are fears for the Banks of this City None of them discount a dollar but for the debtors of the Bank, Not even exchange unless the money is to be paid to the Bank. save in N York, best security 3 or 4 pr Ct pr Month here and there- Respectfully
H Austin
[Addressed:] To Genl. SF Austin Columbia Texas
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