Under the ordinance and decree of December 5, 1835, authorizing a loan of $1,000,000, there were two loans made of investors in New Orleans. The history of these loans has already been given,4 and it is sufficient only to note here that the Triplett loan of January 20, 1836, from which $20,070 was derived was settled with 8% interest in land scrip at fifty cents an acre, according to the act of June 3, 1837, and that the Erwin loan of January 11, 1836, was settled on the same basis by the act of May 24, 1838.5 Advances by McKinnev and Williams, of Texas, during the struggle for independence, to the amount of $54,408.11 were also settled in land scrip at the rate of 50 cents an acre.6 These and such portions of its floating debt as were settled by the republic itself were thus paid in land scrip or in other evidences of debt, such as treasury notes or bonds.