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    Description

    Mercer Colony/Texas Association Stock Certificate. One printed page, 10.5" x 6.757", with heading "Texas Association - 8,000 Square miles on the Trinity River," Louisville [Kentucky], n.d. [circa 1858]. This handsomely engraved, unrecorded certificate bears a decorative border and is illustrated with cartouches, a lone star, and a vignette of an Indian spearing a buffalo. Housed in a quarter bound slipcase of brown leather and tan cloth with matching chemise. Title gilt stamped on spine.

    In February 1841, the Texas Congress approved of granting empresario contracts to individuals promising to settle unclaimed public lands belonging to the Republic. President Sam Houston granted Charles Fenton Mercer (1778-1858) a contract to settle at least 100 families a year for five years, beginning in January 1844. Mercer organized the Texas Association to advertise and promote colonization, and sold $500 shares to investors in Virginia, Florida, and Texas.

    Mercer's association offered 160 acres to families and 80 acres to single men, compared with the 320 acres offered by the adjacent Peters colony promoters. Regardless, by the end of the first year of the contract, more than 100 families had complied with the requirements and received land certificates. However, the Mercer Colony's growth was impeded by political wrangling, dishonest land speculators and surveyors, and squatters, and Mercer ultimately severed all connection with the grant in February 1852, by assigning his interest in the Texas Association to George Hancock of Louisville, Kentucky. By 1858, Hancock had reorganized the association and issued new stock shares; this certificate is from that issue.


    Auction Info

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