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    Description

    [Texas Republic] Consolidated Fund of Texas. One page, 6.5" x 3.25", 1839, Houston. This $500 certificate was issued to Nathaniel Townsend and is signed by Stock Commissioner Charles DeMorse. Contains a large "X" cut cancellation which has resulted in a paper loss of roughly 1" of the certificate, including the month the certificate was issued. Near fine.

    More Information:

    Consolidated funds of Texas were authorized by a June 7, 1837, Act of Congress entitled "An Act to authorize the consolidation and funding the Public Debt". These stocks bore interest at the rate of "ten per centum per annum" and were redeemable after September 1, 1842. Nathaniel Townsend (1804-1864) moved to San Felipe de Austin, Texas, in 1835 and opened a general store, which was burned by Santa Anna's army as it marched through Texas in March 1836. After being appointed Texas Republic consul by President Sam Houston, he opened another general store on Congress Avenue in Austin.



    Auction Info

    Auction Dates
    January, 2009
    24th-25th Saturday-Sunday
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