The Albion New Series. Vol. 6. No. 49. Saturday, December 4, 1847. Texas Article

THE ALBION. NEW SERIES. VOL. 6. NO. 49. BRITISH, COLONIAL AND FOREIGN WEEKLY GAZETTE. NEW YORK, SATURDAY, DECEMBER 4, 1847. The last page of this issue of the Albion has a detailed advertisement by "J.Morgan" to sell "200,000 Acres of Land for Sale A Great Bargain" in Texas in two 100,000 tracts of land for $75,000 and $50,000 respectfully. James Morgan (1787-1866) was a pioneer Texas settler, merchant, land speculator, and Commander at Galveston during the Texas Revolution, first coming to Texas in 1830. An empire builder and true visionary, Morgan immediately recognized the vast potential of Texas and cast his lot with speculators in New York and Mexico City who made it their business to wrest Texas from Mexico and annex it to the united States while simultaneously hoping to realize handsome profits.... In 1835 Morgan was appointed agent for a company called the New Washington Association, organized in 1834 by Lorenzo de Zavala and a number of New York financiers to develop Texas real estate. He immediately purchased for the company an enormous quantity  of land in Harrisburg, Liberty and the point at the mount of the San Jacinto River and Galveston Bay. Here he laid out the town of New Washington (later to become Morgan's point). The company brought a number of Scottish highlanders and free blacks from New York, including Emily D. West, the legendary Yellow Rose of Texas, to the colony. Following the War...his home again became the gathering point for the most influential men of the Republic and the contact point for foreign dignitaries visiting the new country. However, the upheaval and losses of those tumultuous times severely curtailed the profits of ...his company, and Morgan was unable to collect for goods and money lent during the Revolution and the early days of the Republic. Apparently the land sales advertised here stemmed from is inability to collect on loans. (The City of Morgan's Point) Paper consist of pgs 577-587, three columns with expected wear.