Responses
It went bankrupt trying to bring new immigrants to Texas.
It went bankrupt trying to bring new immigrants to Texas.
It was purchased by several empresarios who used the company to bring settlers to East Texas.
It was purchased by several empresarios who used the company to bring settlers to East Texas.
It was dissolved by the government of the Republic of Texas for cheating immigrants out of their land.
It was dissolved by the government of the Republic of Texas for cheating immigrants out of their land.
It cheated potential immigrants of their land by issuing worthless scrip.
It cheated potential immigrants of their land by issuing worthless scrip.
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The statement that best describes the actions of the Galveston Bay and Texas Land Company during the empresario era in Texas is:
It cheated potential immigrants of their land by issuing worthless scrip.
This reflects the historical issue where the company is known to have issued scrip that did not hold real value, which ultimately defrauded many would-be immigrants.
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