The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1833-09-25
For the n. I. Republican.
Mn. PEcKHAM---

call the attention Of the citizens TO one
Of the most sure means Of promoting it.
Let them form an Association, to prose-
cute the WHALE FISHERY, and It
will 10 LAYING the corner stone of its flu
ture grandeur There is great number
Of our citizeps Of moderate means, who
are anxious that such an association
might be formed, but are constrained
from casting ia their mite, by the blight
ing influence Of few men Of capital,
who are afrait, il fihey should allow the
Mechanic aud Farmer to embark with
them, they Soon would be rivals in the
scale Of wealth. l4 sa ,s-.-
The time hns cones when such aristo.
cratieaI feelings must be laid aside. and
those ola more republican, stamp take
their place. 1t has often been said, that
no place could thrive, unless it had its
back country to support it-where is the
back country of Nantucket and New
Bedford !-they have none.-The nat.
ural advantages of Newport, are decid-
edly better than any other place, for this
or any other commercial persuit the
fact is, nature has done too much, when
the wnrts of man can be supplied by lit
tie cxertion, there you may always be
sure of finding an idle and thriitlcss
community.
Had Newport possessed less advanta-
ges, have no doubt il would have been
in more fourishing condition. We
suffer very largely from tho inactivity Of
our capitalists. compelling all the boys,
who are destined to become mechanicks,
to 60 elsewhere to learn their trades, and
when perfected in them they have no in-
ducements to return, but remain abroad
to build up other places. and that. too Of
ten by the capital of Newport. loaned to
the enterprising merchants of these pla-
ces. There is scarcely young man
who has spark ofcnterprise, but feels
compelled to 60 elsewhere to establish
himselfin business, consequently the town
is drained of the most valuable portion
of it's population. Would most earnest
ly exhort a few Of our leading men, to
como forward with plan, that would
give every person, who has not more
than one hundred dollars an opportunity
to invest it with them. There is no
doubt, il two or three individuals, who
are in favor Of such an association, would
make a beginning, they would find but
little difficulty in raising capital of one
to two hundred thousand dollars. am
confident in the opinion, that the busi-
ness is ms well understood and as econo-
mically managed, by Us, as any others.
II is we'll known by many now engaged
in the business, that ship Of the same
size, quality and equal ftment, is done
here at some two or three thousand dol
lars less, than either at Nantucket or
ew-Bedford,--th being SO well known
il has been matter of surprise, there
sho aid be such Task of enterprises
cannot be accounted for on any other
ground, than the fears entertained by
some Of the wealthy, that they or some
of their children will lose some of their
consequences, by being brought more
nearly, lin point Of property on an
eluality with their fellow citizens. Twill
now sketch such plan, as seems to me,
to be adapted to our wants, for the con-
sidefsticn Of those that are INCLINED to
embark. n30I ~, ..
Let subscription be opened at one
hundred dollars share to an amount
equal to Ct six ships--to be paid in, in
two years by assessments, not exceeding
ono half tho first year--when the stock
shall have ell been subscribed. there shall
be meeting Of Stockholders, to choose
one from their number to have the Gen.
eral Agency, at a fair salary, by giving
bonds for the faithful discharge Of his
trust. There shalIbc Eve Directors who
shall be consulted on all matters of
meut by the agent, and he shall he gov
erned by their decision. The directors
shall meet at least once month for the
nnrnasa of n n mining tho hoaks n nd ad-