Printed $500 bond sheet "No. 988," 9.75 x 7.75 in., signed by Charles DeMorse and J. W. Simmons, Austin, TX, June 15, 1840, issued to "C. Conroy," with ten interest warrants attached at bottom (also signed by DeMorse). Several "X" cancellation cuts in certificate, with light discoloration and wear to edges.
Charles DeMorse (1816-1887) served as stock commissioner under Republic of Texas President Mirabeau B. Lamar. He was charged with refunding the increasing public debt caused by the many Lamar's many military campaigns and expeditions.
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