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Sam Houston First Texian Loan Scrip Signed as president of the Republic of Texas. One page, 8" x 13", June 20, 1838, "City...
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Sold on Nov 21, 2009 for:
$11,950.00
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Description
Rare Texian scrip boldly signed by Sam Houston
Sam Houston First Texian Loan Scrip Signed as president of the Republic of Texas. One page, 8" x 13", June 20, 1838, "City of Houston". Countersigned by Treasury Secretary Henry Smith. This scrip, a partly printed "Certificate of Title to Six Hundred and Forty Acres of Land", is "No. 161". In part: "That, in consideration of a Loan to the Government of Texas, negotiated by the Commissioners of said Government in New Orleans, on the eleventh day of January, 1836, James N. Morrison, of Maysville, Kentucky, is entitled to have and to hold, six hundred and forty acres of land of the Public Domain of Texas, according to the terms and conditions of a Contract of Compromise, made and executed on the first day of April 1836, between the Government ad interim of Texas, and the Stockholders in the aforesaid Loan." Morrison could select any land owned by the government of the Republic of Texas at any time after "the first Thursday in August", 1838. The commissioners negotiating the loan were Stephen F. Austin, Branch T. Archer, and William H. Wharton.Other than this scrip, which has never been offered at auction, only six other First Texian Loan certificates are known to exist, and they are all issued to Thomas D. Carneal of Cincinnati, Ohio. Sam Houston's signature and paraph are large, bold, and clear, with one diagonal-and mostly indiscernible-cut cancellation passing between "Sam" and "Houston" and through the top of the paraph. A blind embossed seal of Texas, with star in the center, is placed at the left, above the words "By the President." A few minor tears do not detract from this rare find, which is toned and in fine condition.
Auction Info
2009 November Signature Texana Auction #6028 (go to Auction Home page)
Auction Dates
November, 2009
21st
Saturday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 2,533
Buyer's Premium per Lot:
19.5% of the successful bid per lot.
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