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    Description

    [Texas]. Colorado and Red River Land Company Stock Certificate. One partially printed page, 9.5" x 7.5", New York, October 19, 1836. Certificate No. 914, issuing one share to "Edward Milbourne." This particular certificate is not signed by the empresario J. C. Beales; additionally, a note next to the certificate number states that it is "subject to the terms of the grant to the Empresario." Signed by Ebenezer Joseph and S. R. Childs as Trustees, and L. B. Woodruff as secretary. Untitled map of Texas at left indicating both grants belonging to the company as well as "Cameron's Grant", "Austin's Colony", and the "Rio Grande and Texas Land Company".

    Beales' ambitious plans as an Empresario involved complicated land transfers and speculation that included the Rio Grande and Texas Land Company, the New Arkansas and Texas Land Company, as well as the Colorado and Red River Land Company. Despite the many exchanges of cash and land titles, he was never successful in colonizing, and was often in court defending titles of ownership. Some land transfers involved acreage as large as 4 million acres. He must have amassed great wealth from these schemes if, as reported, the Rio Grande and Texas Land Company paid him as much as $100,000 for a portion of his interests in several grants (from Handbook of Texas Online).

    Condition: Flattened folds, very light toning at edges and folds, with certificate number written in red ink on verso. Bright, clean paper, slight ink imprint over map due to paper being folded. Overall very good.

    References:
    Streeter 1159, who indicates color: "Map without title at left of text, indicating in color two grants belonging to the company." The certificate we offer has no evidence of color, but is correct on all other points.


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    Auction Dates
    March, 2018
    17th Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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