UTSA James Morgan Papers

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