Description

    Houston Signed Loan Scrip

    [Republic of Texas]. Sam Houston First Texian Loan Scrip Signed as president of the Republic of Texas. One partially printed page, 7" x 12" (sight), Houston, June 20, 1838. This scrip, a "Certificate of Title to Six Hundred and Forty Acres of Land," is No. 234 and is countersigned by Treasury Secretary Henry Smith. 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,Thomas D. Carneal, of Cincinnati, Ohio , 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..." The loan authorizes Carneal, as the holder, to select any land owned by the government of the Republic of Texas "...at any time after the first Thursday in August next [1838]..." to be surveyed at his expense. The commissioners who negotiated the loan were Stephen F. Austin, Branch T. Archer, and William H. Wharton.

    Other than one certificate issued to James N. Morrison of Maysville, Kentucky, all First Texian Loan certificates known to exist are issued to Thomas D. Carneal and are not mentioned by Streeter, Criswell, etc. Houston's signature and paraph are very bold and clear, with one diagonal-and mostly indiscernible-cut cancellation passing between Houston's signature and through a portion 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." There is some light wrinkling along the upper edge and a small ink stain along the right edge, not affecting the text or signature. Edges are chipped in places; small tear at left. Two small holes near middle right have been archivally repaired with minor loss of text. Ghosting from mounting on verso at upper corners. Small spots of foxing. Handsomely matted and framed to an overall size of 17.75" x 22.75".


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    Auction Dates
    March, 2013
    1st-2nd Friday-Saturday
    Bids + Registered Phone Bidders: 2
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