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The Land Act of 1820 (ch. 51, 3 Stat. 566), enacted April 24, 1820, is the United States federal law that ended the ability to purchase the United States' public domain lands on a credit or installment system over four years, as previously established. The new law became effective July 1, 1820 and required full payment at the time of purchase ...
April 24 – The Land Act of 1820 reduces the price of land in the Northwest Territory and Missouri Territory encouraging Americans to settle in the west. July 20 – Thomas Bibb is sworn in as the second governor of Alabama, following the death of William W. Bibb.
1833 map of Coahuila and Texas; Austin's Colony is the large pink area in the southeast. The "Old Three Hundred" were 297 grantees who purchased 307 parcels of land from Stephen Fuller Austin in Mexican Texas. Each grantee was head of a household, or, in some cases, a partnership of unmarried men.
The first railroad built in Texas is called the Harrisburg Railroad and opened for business in 1853. [21] In 1854, the Texas and Red River telegraph services were the first telegraph offices to open in Texas. [21] The Texas cotton industry in 1859 increased production by seven times compared to 1849, as 58,073 bales increased to 431,645 bales. [22]
If he was a citizen or was taking steps to become one and he and his family developed the land (buildings, fields, fences) he had the right to then buy that land for the minimum price. Land was otherwise sold through auction, typically at a price too high for these settlers. Preemption is similar to squatter's rights and mining claims. [1]
[91] [95] [96] Through public land debt relief legislation, Cheves managed to reduce the bank's land debt by $6 million within a year of assuming his position as BUS President. Specie was also replenished to a great extent, increasing from $2.5 million in 1819 to $3.4 million by 1820 and further rising to $8 million by 1821.
April's median home-sales price in the five-county Austin region was $469,998. Within Austin's city limits, the median sold price was $593,500.
"A league and a labor" (4,605.5 acres; 18.638 km 2) was a common first land grant [4] and consisted of a league of land away from the river plus one extra labor of good riparian (river-situated) land. A headright of this much land was granted to "all persons [heads of families] except Africans and their descendants and Indians living in Texas ...