The Peters Colony in Tarrant County. In 1841, W.S. Peters of Kentucky and associates contracted with the Republic of Texas to bring immigrants to this area. By 1848, Peters Colony land covered nearly 2 million acres in north central Texas, including all of Tarrant County. Speculation in unlocated land certificates was rampant. About 150 colonists and their families, most of whom were American-born farmers of meager means, settled in Tarrant County. As the most extensive empresario enterprise undertaken by the Republic, the Peters Colony helped open this area of Texas to settlement. #5399