Background
Svante Magnus Svenson was born at Alarp, Barkeryds Parish, Jönköping, Sweden.
Svante Magnus Svenson was born at Alarp, Barkeryds Parish, Jönköping, Sweden.
lieutenant was through his efforts that Swedish immigration to Texas was begun in 1848. He migrated to America in 1836, where he worked in New York City before traveling to New Orleans and then to Galveston. While running the business, Swenson continued to buy Texas Railroad Certificates and to acquire land.
Swenson arranged passage for Swedish families principally from Smaland, who in turn worked for Swenson to pay off the price of the ticket.
Most of the early immigrants also bought land from Swenson. Swenson began shipments of the Texas pecan to the North and East.
And in 1850 established himself in the general merchandise and banking business at Austin. In Austin, Swenson also served two terms (in 1852 and 1856) as a Travis County commissioner and in 1853 became the first treasurer of the State Agricultural Society.
In 1854 he invested in the Buffalo Bayou, Brazos and Colorado Railway, which gained him acres of land in northwestern and western Texas.
Swenson"s greatest interest lay in the accumulation of land. Under the privilege then accorded to holders and owners of such certificates to file on any untaken state land, Swenson in 1854 began acquiring acreage of unclaimed properties in Northwest Texas. By 1860 he owned over 128,000 acres around Austin, in addition to his West Texas holdings, which had increased to nearly 500,000 acres.
SMS Ranches eventually became one of the largest landowners in Texas.
Though he lived in New York, he maintained his ties to Texas, operating a clearinghouse for Texas products, continuing his work as a cotton agent, and regularly visiting his extensive land holdings. Swenson died in Brooklyn, New York, and was buried in Woodlawn Cemetery (Bronx, New York).