Galveston Bay and Texas Land Company

On October 13, 1830, Joseph Vehlein, David G. Burnet, and Lorenzo de Zavala established the Galveston Bay and Texas Land Company in New York in order to sell land in their Texas colonies. The company sold scrip to individuals as well as companies, which in turn sold the scrip to subscribers. John T. Mason became the company’s agent in 1831 and George A. Nixon its land commissioner three years later. By 1835, the company was establishing hotels and warehouses in New Washington, Texas, and employing laborers from Bermuda. In November 1835, the provisional government closed the company, which still hadn’t received lands for all the families who purchased scrip. Mason’s successor, Robert Rose, unsuccessfully brought suit against the state of Texas for reimbursement for the land in 1848. In 1851, however, the United States and Mexican Claims Commission compensated the company for the land.

Source:

Galveston Bay and Texas Land Company. Handbook of Texas Online . Accessed December 9, 2010. http://www.tshaonline.org/handbook/online/articles/ufg01 .

From the guide to the Galveston Bay and Texas Land Company Certificates 70-091; 71-114., 1830, (Dolph Briscoe Center for American History, The University of Texas at Austin)

On October 13, 1830, Joseph Vehlein, David G. Burnet, and Lorenzo de Zavala established the Galveston Bay and Texas Land Company in New York in order to sell land in their Texas colonies.

The company sold scrip to individuals as well as companies, which in turn sold the scrip to subscribers. John T. Mason became the company's agent in 1831 and George A. Nixon its land commissioner three years later. By 1835, the company was establishing hotels and warehouses in New Washington, Texas, and employing laborers from Bermuda. In November 1835, the provisional government closed the company, which still hadn't received lands for all the families who purchased scrip. Mason's successor, Robert Rose, unsuccessfully brought suit against the state of Texas for reimbursement for the land in 1848. In 1851, however, the United States and Mexican Claims Commission compensated the company for the land.

From the description of Galveston Bay and Texas Land Company Certificates, 1830 (University of Texas Libraries). WorldCat record id: 707938448