[The document which follows is endorsed on the reverse side, “2. Loan Resolution O 27 Oct 1835.” The resolution provided originally for the joint agency of Thomas F. McKinney and Edmund Andrews, but subsequently a pen was drawn through those parts of the resolution which are enclosed in brackets, thus leaving Andrews sole agent. On the same day, however, a commission was issued to McKinney and no notice seems to have been taken of Andrews.]
In meeting of the General Council of all Texas.
Be it Resolved that the present critical condition of Texas requires that some means should be resorted to for the purpose of procuring a loan of One Hundred thousand dollars and that this council on the Part and in behalf of their constituents (The People of all Texas), having Great confidence in the Integrity and capacity of their Fellow Citizen[s] Edmund Andrews [and Thomas F McKinney] and therefore have appointed [them or either of them to act separately or jointly] him to Repair Immediately to New Orleans and proceed to Obtain a Loan of the Stated Amount of One Hundred Thousand dollars for the use and benefit of the Government Instituted by the Legal Representatives of the Free People of Texas and to receive in the name of this Authority all donations which the Philanthropy of a Free and Magnanimous people may offer and as security for the above authorized Loan we hereby appoint and constitute the said Edmund Andrews [&Thomas F McKinney or either of them] our General Agent in the City of New Orleans to Negotiate for said Loan on the best 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 Justify 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 October 1835
Signed R R Royall
President.
A. Houston, Secty.
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 obligations, in such sums as the convenience of the parties may require, executing 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
council, or the convention if in session. And as soon as your mission is at an end, ship the money you may receive to Velasco or Quintana, previously effecting insurance on it at as low rates as it can be obtained.
In making your pledge you will be governed by the necessities of the case, whether you pledge the Public Faith, the Public Domain, or both.
This Council will limit the Price of such obligations at the rate of Eighty Dollars for each hundred, suggesting the propriety of keeping these instructions to yourself, and effect the arrangement in every particular on the best possible terms.
Signed R R Royall
President
A Houston, Secty
Archives of Texas, A, file 1 No. 9.
