The Southwestern Historical Quarterly, Volume 20, July 1916 - April, 1917 Page: 241
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Diplomatic Relations Between France and Texas
loan. Castell was acting for a German colonization association.
The association wished to add three additions to Bourgeois' con-
tract: (1) A land concession for six thousand families in a
fertile region favorably situated for commerce, (2) the right of
importing $200,000 worth of goods per year for ten years, (3)
the power of the consul general to receive directly from the col-
lector of 'customs at Galveston the sums necessary to. pay the in-
terest on the loan before other expenses were paid. The details
of the negotiation are obscure. Bourgeois, however, failed to
secure the loan. On March 26, 1844, he was officially notified
that his contract had expired by limitation and had been an-
nulled. On January 27, 1844, an act was passed "that all laws
authorizing the President to negotiate a loan or loans upon either
the public faith or the hypothecation of the public lands be, and
the same are hereby repealed, and that this article take effect
from and after its passage."87 Bourgeois regretted the loss of
"the fruit of so much labor and expense," but still if Texas
wished to get a loan at a later date, he expressed his willingness
to take up thenegotiations again.8s
8sGammel, Laws of Texas, II, 954.
aBourgeois to the President of the Republic of Texas, July 8, 1844,
Financial Papers, State Library.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 20, July 1916 - April, 1917, periodical, 1917; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101070/m1/247/: accessed May 28, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.