The Franco-Texan Land Company was formed, ostensibly, by the
French bondholders of the Memphis, El Paso, and Pacific Railroad in
an attempt to salvage their investments through sale of lands in
the railroad's Texas land grant. Most of the land company's wealth,
however, went into the pockets of unscrupulous local managers and
directors, and another railroad eventually built a road across
Texas along the Memphis, El Paso, and Pacific right of way.
Despite their unsavory histories, the land company and its
railroad parent played an important part in the development of
Northwest Texas. Virginia Taylor's account of their activities
furthers the study of the role of land companies in the settlement
of the United States and adds interesting sidelights on one of the
immigrant groups that left the imprint of Europe on frontier
Texas.
General
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