DescriptionSam Houston First Texian Loan Scrip Signed "Sam Houston" as President of Texas, one page, 7.75" x 13". Houston, June 20, 1838. Countersigned "Henry Smith" as Secretary of the Treasury. Smith's signature is slightly smudged on the "Sm". There is one diagonally cut cancellation which passes through "Sam" and the paraph but it is practically indiscernible. A blind embossed 1.5" diameter seal of Texas, star in the center, is at the left, above the words "By the President." The document is in very fine condition.
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..." Carneal could select any land owned by the Government of Texas any time after August 1, 1838. This first loan for the Texian cause was for $250,000 and was subscribed by ten men, one of whom was Carneal; he subscribed for $40,000. The commissioners negotiating the loan were Stephen F. Austin, Branch T. Archer, and William H. Wharton. Only six Scrip certificates are known to exist, and they are all issued to Carneal.
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