1. 4 Unknown, 30 August 1836

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Manuscript entitled, “Proceedings at a Meeting of the New Washington Assn.” New York, August 30, 1836.

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At a Meeting of the Shareholders of the New Washington Association held pursuant to notice, at the offer of James Treat, Secretary & Treasurer No. 12 [Seal?] St. on the 30th of August 1836, at 6 o'clock P. M:

Present. Samuel Swartwout, Walter Mead, Stephen Sicard, Joseph Avenzana, Lorenzo de Zavala by his attorney, James Treat.

Samuel Swartwout was called to the Chair, and James Treat appointed Secretary.

The Minutes of the present meeting of the Shareholders held on the 17th October, & 7th & 13th November last. Were severally read, approved & signed.

The secretary then stated the Shareholders, that he after due consultation with the Managers of the Company, had advised fully & freely with the Texas Agent, Jas. Morgan, previous to his departure from this City, and given him full discretion to man age the Concerns of the association according to his best judgement, and as he might deem most for the interest of the Company, & according as the state of things, & the political situation of the Country might from time to time change & vary. Subject always of course to the Articles of Association & the Restrictions & instructions of the Shareholders, & their Directors. That he, the said Secretary, has from & after the departure of the said Jas Morgan, communicated with him frequently & fully, Tho. unofficially, but without giving any definite in structions in relation to further purchases of lands, disposition of Town lots or general management of the Concerns of the association, but confining himself to such suggestion as from time to time have occurred to him, believing, that the confidence hitherto reposed & now undiminished in our said agent, would fully justify a continuance of that confidence until the country shall have settled

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down under a stable and quiet government.

That from the communications received from said Morgan since his return to Texas, it appears that he has been unable to carry forward as contemplated the designs and objects of the Company, in consequences of the dis turbed state of the country, but has no doubt done every thing in his power, with a view to the ultimate interest of the Concern, and will resume his regular & exclusive attention to the interest of this operation as soon as his public duties & other considerations will admit.

Whereupon. It was on motion resolved: That the Shareholders fully approve of the course adopted by the agent, Jas. Morgan, during his last visit to Texas, and also of that of the Secretary & Treasurer.

The Secretary further reports that he had under authority conferred by the Shareholders, opened a correspon dense with Dr. Smith of the Island of Bermuda, in relation to the introduction of indented free colored la bour into Texas. But that since the declaration contained in the constitution of Texas prohibiting the admission of free people of color into that Country, he has considered as useless the further prosecution of the plan. Whereupon, It was on motion resolved that this contemplated arrangement be cancelled and abandoned, & that the Secretary to the [?] in the [?].

The Secretary further reported that the credit he had opened in New Orleans in favor of James Morgan, under his own responsibility for Five Thousand Dollars / afterwards approved & opened by the Company is now fully used & cancelled. But in order that any Bills drawn by Mr. Morgan in case he should require further funds, without being able to give our notice thereof, should be protected, he has authorized his, friends in New Orleans further to accept from said Morgan to the amount of Two Thousand Dollars: of which, however, no use is yet advised

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being made by said Morgan: Whereupon: on motion it was resolved. That the Shareholders approve & assume the said Credit as their own, in case it should be used by said Morgan.

The Secretary further reports that, the credit he has used in New Orleans as Treasurer of the Association he had paid to Mrs. Morgan, by order of Mr. Morgan, the Interest due Quarterly in the Company's purchase of Mr. Morgan's interests. Which was on motion approved.

The Secretary then presents the following, exhibit of the funds of the association, drawn from the Books & Records of the Company.

Total Amount of Capital 410 Shares @ 100.00 $41,000.00 Amt. called in & Expended, 73/[h?] % $44,530.00 Pending responsibilities of the agent in [?] 8.[h?]50.00 One Jas. Morgan on purchase exclusive of Interest 8.000.00 h 1.180.00 Exceeding the Capital this amt $180.00

From the above exhibit it appears that the Whole of the Capital of the Association is already appropriated, and will be intirely ex huasted on payment of the responsibilities not yet matured, and that there will remain due to the Land Treasurer One Hundred & Eighty Dollars, or thereabouts: And further that the Land Exhibited Embraces only such of Mr. Morgan: Questions as are known to the Secretary & is exclusive of the new Credit of $2000 named above and of said Morgan's: Salary from November last and that it is in his opinion Essential to provide a further Capital to merit the $1000 __ and such other sums as may be required to meet the responsibilities already incurred, & to be incurred hereafter by Mr. Morgan.

There for resolves, (provided two third's of the Shareholders concur the [?]0 That the Capital Stock of this Association be Extended, pro rata, to such sum or amount as may be sufficient to cover the above responsibilities as it may from time to time become necessary to meet the same. Resolved, that in order to obtain a Statement of the property & interests again

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by this association as soon as practicable, the Agent in Texas James Morgan be requested to send to this Secretary as soon as practicable.

1st. A Statement of the Lands already aquired in behalf of this association, with the cost thereof, amt. paid & amt. due thereon.

2d A Statement of all other property owned by the association, either in Town Lots, Vessels, Merchandise debts or pending Contracts; with the Estimated value thereof under proper heads.

3d A Statement of the pending responsibilities of the said Agent in Texas in behalf of this Association. In order that the association may know at the Earliest period practicable, the Extent of there liabilities incurred, that they may extend the Capital to cover the same & provide the necessary means to meet said payments as may be required.

Resolved; that Mr. Morgan be requested to present together with the above information, his opinion as to the best course to be pursued by the association in reference to their Lands. Also in regard to the disposition of the Town Site, Town Lots, Vessels owned by the association & Merchandise: And which of these several branches, if any may be discontin ued with benefit to the interests of the association together with such other suggestions & reflections as the state of things may then present, for the the further Considerations & future actions of the Shareholders.__

[The Following written along the remaining right edge of the page]

Proceedings at a Meeting of the New Washington Assn 30th Augst 1836 Important! [points? out as] full [in?tion might ?]

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