Fifty Cent Act repealed
On this day in 1883, the Fifty Cent Act was repealed. The act, advocated by Governor O. M. Roberts and passed in July 1879, provided for the selling of Texas land for fifty cents an acre, with one-half of the proceeds to be used to pay down the public debt and the other half to establish a permanent school fund. The act opened to settlement about fifty-two Texas counties, in which the state sold 3,201,283 acres for $1,600,641.55. The Fifty Cent Act was repealed as a public necessity due to fraudulent land speculation.