The Quarterly of the Texas State Historical Association, Volume 7, July 1903 - April, 1904 Page: 275
This periodical is part of the collection entitled: Southwestern Historical Quarterly and was provided to The Portal to Texas History by the Texas State Historical Association.
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Journal of the Permanent Council.
275
mail routes was adopted ;2 and on the 31st a form was adopted for
letters of marque and reprisal.3]
possible terms according to the private Instructions furnished by this
Council and hereby Authorizing said General Agent to Give as security
for the sum or sums Boried in accordance to these Resolutions such Pledge
as circumstances may Require of the faith of this Government and the
Public Domains in form according to the usages of the United States of
the North. This General Council of all Texas now in session by virtue
of their Powers [being] as the [Only] existing [Legislative and executive]
Government [now in] of Texas pledge themselves and the Faith of the
General Convention of Texas when assembled to Ratify confirm and Jus-
tify all acts done by our General Agent in accordance with the Foregoing
Resolutions
Done in the Council Hall at San Felipe de Austin this 27th day of Oc-
tober 1835
Signed R R Royall
A. Houston, Secty. President.
Archives of Texas, A, file 1 No. 11.
San Felipe de Austin
October 27th 1835.
To Messrs. McKinney & Williams
Much esteemed Sir,
In accordance with the accompanying documents you will go as early
as possible to the city of New Orleans, and proceed to the discharge of the
duties therein expressed.
You will receive for your private instructions to so act, as not to expose
the credit of Texas until you have ascertained by indirect enquiries that
your purpose can be effected, and be governed according to circumstances,
not exposing the object of your Mission, in relation to a loan, unless there
is a probability of success.
You will adopt such course as your good judgement may direct, in the
particular method of negotiating the loan, drawing the bonds on other ob-
ligations, in such sums as the convenience of the parties may require, ex-
ecuting said bonds or obligations, bearing an interest of the rate of six
per cent per annum, payable in installments, varying from four to fifteen
years, which, however, you may be at liberty to use your discretion in the
propriety of shortening, except the first payment, as circumstances may
indicate.
In relation to the times of payment of interest, you will, if necessary,
contract for its payment in yearly, half yearly or quarterly payments. If
you find serious difficulty in effecting a loan to the full amount, you will
accept of so much as you can obtain, forwarding the first amounts to this
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Texas State Historical Association. The Quarterly of the Texas State Historical Association, Volume 7, July 1903 - April, 1904, periodical, 1904; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101030/m1/283/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.