LOT Old Heritage Auctions  /  2007 December Signature Texana Auction #661  / 

56278

Samuel Houston Signed First Texian Loan Scrip

Currency:USD Category:Collectibles Start Price:7,250.00 USD Estimated At:12,500.00 - 17,500.00 USD
Samuel Houston Signed First Texian Loan Scrip
<B>Samuel Houston Signed First Texian Loan Scrip</B></I> "<I>Sam Houston</B></I>" as President of Texas, one page, 7.75" x 13". Houston, June 20, 1838. Partly printed, completed in manuscript. [Houston. Telegraph Press. 1838.] Countersigned "<I>Henry Smith</B></I>" as Secretary of the Treasury. In part "<I>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 Cincinatti [sic], 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...</B></I>" 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 $200,000 and was subscribed by ten men. Carneal had committed $40,000 or 20%. Under the agreement, he would have been entitled to approximately 30,671 acres. This would have required 47 or 48 First Texas Loan Scrip forms to have been issued to Carneal. The Jenkins catalogue copy is issued to Carneal is certificate No. 194. The University of Houston Archives has No. 227. This certificate is No. 233. That sequence accounts for 40 certificates. While other loan subscribers may have received this Scrip, no copies issued to others have ever been located. Only six Scrip certificates are known to exist today and they are all issued to Carneal. Smith's signature is slightly smudged on the "<I>m</B></I>". There are two diagonally cut cancellations which pass through "<I>Sam</B></I>" and "<I>ou</B></I>" and the paraph. A small hole is punched between two lines. A blind embossed 1.5" diameter seal of Texas, star in the center, is at the left, above the words "<I>By the President</B></I>." There is rectangular toning of the text from prior framing. Fine condition. <I>From the collection of Darrel Brown.</B></I><BR><BR><b>Shipping:</b> Flat Material, Small (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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