The Southwestern Historical Quarterly, Volume 49, July 1945 - April, 1946 Page: 433
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23. Herbert P. Gambrell, Mirabeau B. Lamar
24. Samuel W. Geiser, Naturalists of the Frontier
25. J. Evetts Haley, The XIT Ranch of Texas
Generally speaking one might hazard the guess that there
has been little connection between Wall Street, Texas history,
and the Quarterly. Surprisingly enough though, the Quarterly,
while recording Texas history acted to change the Wall Street
market and Texas finance. The story should justify the Quar-
terly even in banking circles.
For many years after the War between the States Texas
municipal bonds were not eligible for purchase by the savings
banks of New York. These bonds were under ban because
Texas was classed as a state which had repudiated debt incurred
since January 1, 1861. About 1912 C. W. Whitis, formerly of
Austin but then connected with a New York bond house, became
interested in making the Texas bonds eligible for purchase.
Whitis knew of E. T. Miller's work on the financial history of
Texas. Miller had published in the Quarterly a short while
before: '"The State Finances of Texas during the Civil War,"
Quarterly, XIV, and "The State Finances of Texas during Re-
construction," ibid. Whitis asked for the facts (the history)
of Texas' record. The Attorney-General of New York had to
be convinced. The result was Dr. Miller's "Repudiation of State
Debt in Texas since 1861," published in the Quarterly, XVI
(October, 1912). Attorney-General Carmody was convinced that
Texas was not guilty of repudiation, other than that made
mandatory by the Fourteenth Amendment. The ban was lifted
on Texas municipal bonds. Thus did Dr. Miller and sound
historical research serve the banking and financial circles of
both Texas and New York.
The San Antonio Historical Association has been holding
interesting, well-attended meetings. Miss Frances Donecker re-
ports as follows:
In February Charles F. Johnson, noted author and war correspondent,
spoke on "Global War and Peace."
In March Miss Lillie Mae Hagner, San Antonio artist and author of
Alluring San Antonio, showed original sketches of her book. C. Stanley
Banks gave the story of the pictures shown.
In April Dr. I. J. Cox spoke on "San Antonio at the Turn of the Cen-
Here’s what’s next.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 49, July 1945 - April, 1946, periodical, 1946; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth146056/m1/490/: accessed April 28, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.