come, and I walked around to Dr. B.'s office, where I saw Dr. Powell and Seth Barton.
Saturday, January 9, 1836
The negotiation for the Texas loan is this day concluded, and only waits for the articles to be drawn out in form by a notary. The principal features are, a loan of $200,000 for five years at 8 per cent interest, with the privilege of commuting it into land at 50 cents per acre. The lenders to have priority of choice over all who acquire right to land after this day. We only pay 10 per cent of the loan until it shall be confirmed by the Convention of Texas, and notice given of such confirmation, after which the balance is to be paid in three installments at sixty, ninety and one hundred and twenty days. The lenders to have the privilege of paying no more, if they think proper, than the 10 per cent in that event to take lands for what they pay. Surveys to be made at the expense of Texas. I think it a most advantageous arrangement, and lament my inability to go largely into it. There is but one chance against its being a splendid speculation, that of Santa Anna conquering Texas. Can he do it? I think not.
Saw Byrd Waller; he has lived at Brazoria; came away sick, and is still on Regimen; says Brazoria is a sickly place, and falling off in population -- not more than 500 left; thinks it will never rise.[ 1] All the river sickly for sixty or eighty miles from the coast; all the coast healthy, also the upper country. Says the lands are fertile, but the salubrity of the country overrated. (He can hardly be a fair judge; he may view it with a jaundiced eye.) Says the practice of the law is simple and profitable. The provisional government has adopted, ad interim, the laws of Louisiana, and the practice of her courts.[ 2] Gave me the following list of books, as most needful to a practitioner:
Louisiana revised Code.
There were two more murders committed here last night, one, a sailor cut open by a Spaniard and thrown into the river. The other, a young man, a clerk named Harvey, stabbed by a drayman, on a slight dispute about drayage.
I. P. Corbin, Dabney, Cham. Pollard, Dr. Carter, of Prince Wm., Va., and W. F. Taliaferro, have arrived. Carter is going to Texas.
We have just heard of the massacre by the Indians of Major Dade and his