The book The Animating Pursuits of Speculation was written by author Elgin Williams Here you can read free online of The Animating Pursuits of Speculation book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Animating Pursuits of Speculation a good or bad book?
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The Texas legation re- plied that a law was in effect authorizing the government to issue land scrip in redemption of its liabilities at the rate of two dollars an acre. But " only a few of the holders . . . Have heretofore availed themselves of its provisions. " There 93 Van Zandt and Henderson to Jones, April 12, 1844, TDC. 94 Houston to Van Zandt and Henderson, May 10, 1844, WSH, IV. 164 ANNEXATION OF TEXAS was nothing for it but to try to redeem the paper in cash. Secretary Calhoun probably... thought it another case, as he penned the treaty sections calling for assumption of the Texas debt, where one had " to compel the parts of society to be just to one another by compelling them to consult the interest of one another. " 95 After the annexation treaty was rejected it was decided to insist that public liabilities be redeemed at the price at which they were issued, whether or not the United States assumed them. If it did not, Texas was to retain its public domain, in line with Andrew Jackson's advice to President Houston to " husband your vacant land to meet your national debt/' 96 9 The special envoy Texas had sent to complete the annexa- tion treaty had told James Morgan, the agent of Sam Swart- wout in Texas, what was up.
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