Highly attractive lithographed stock certificate for a share in The Texas Association, established for colonizing certain land in Texas under the authority of the Republic. A Texas Star is at the top and a Native American and a buffalo at the bottom with the whole surrounded by a decorative border. Signed by C. Duvall as Secretary of the Texas Association and numbered 974, the certificate has not been filled out.
The certificate was issued by Charles Fenton Mercer to shareholders in his empresario grant of 8,000 square miles in northeast Texas, roughly between the Brazos and Sabine Rivers. From the outset, the grant and colony were beset with legal and logistical problems. Although Mercer was able to successfully settle the required number of immigrants, his colonization was hindered because political and speculator interests wanted to supplant the Republic’s empresario system with the American land system.
Moreover, the press of other settlers moving into the grant lands, with or without permission, was a continuing source of friction. Mercer’s empresario grant contract was executed by Sam Houston on January 29, 1844, only one day before the final repeal of the Republic’s empresario system by the Texas Congress, overriding Houston’s veto of the bill. There were many troubles afflicting the planned colony, including a Congressional investigation into Mercer’s contract, legal proceedings, court battles, squatters denying the claims of colony certificate holders and the incursions of speculators and other certificate holders. Finally, in 1852, Mercer assigned all of his interest in the Texas Association to another stockholder.
In excellent condition.
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