Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1848-05-26
LAND SPECULATION


For thousands OF years, Europe has passed thro'
every species of disorder and misery, flowing from
landed monopolies; and now with its hundreds of
landed arisocrats and It's millions Of landess pau
pers It is sumberlng volcanoes. The Roman
Republic was in continual commotlon through
Landed monopolles. The Roman Empire was in
continual commotIon through landed monopoes
When it was overturned by the blrbarians the land
passed from the Roman tQike invading aristocra-
cIes, and continued for s@Ss Ader the night of the
Fcudal system. That system was swept from
France by the French revolution and has been ex-
ungulshed IN Prussia by reforming governments,
beginning with that hater OF mobility, Frederick
the Great But in Austria in Russia IN many OF
the German states, this Feuda monopoly Of land Ia
still maintained, with its hundreds OF princes and
millions Of paupers In England, portion Of the
feldal system still remains, aided BY the accumu
laung power; and its lands are III, ilcd between
hereditary mobiles and money jobbers, and the mrss
GIFTS people are and,ess. We might suppose tina,
history furnished trnugs enough 10 American e.
gislaors. But enlightened souls! They are TO
practical to deal with any thing but The preser,
and leave the past to book worms and the future =
-posterIty. In history they merely see that john
succeeded James and Richard succeeded John Bat
tie rise progress, tall and consequences OF insttu-
tons are quite beyond the scope OF our National
or State Legislators Such things are considered
only by Missionaries. But without gong to Europe
we might suppose that warnings enough were iur-
nished by the manor difficulties in the state o, New
YORK. There the history OF landed monopoly is
written i'll blood
But ii our legislators ignorant Of the past ss
guide to the future, perhaps they can open their
eyes wide enoughto the future through the pre-
sent The capitalists OF Europe, trembling az lis
unstable condition. are again turning their eyes 10
our democratic country for safe investments and
national and state stocks are not permanent
for they will be redeemed, permanent as we'll az "a
safe investment, will be sought in lands. Years
ago European companies invested large sums III
lands IN several states, especi lily in New York and
I Il hold them under lease The great HOLLAND
Purchase in the interior of New York is among
them and has had and is destined 10 have no slt hg
share in the antreut troubles And since Te NJ
established its Independence, several German pm
CeS have purchased and coionzcd large tracts in
that state, the germ OF future antIrcnt trout lea
Bat now, when the great money lobbers OF Europe
are losing confidence IN European stabllty,theJ viii
transfer their millions TO our country and MOI opo-
lie millions and millions OF our public lands, ar;
OF which they will mold for higher prices, retaining
the rest 10 be settled by tenants.
The cause that prevents the growth Of DetroI' 10
the monopoly of land by three tour old French
Fauhcs who have held their domains on lease 'or
more than two centuries And TINS too Is the cure
OF French Lower Canada. Let Congress, if II an
see any thing but the next Presidency. careful ~
consider this element OF mischief soon TO be exer-
cised With awu power The Legislature OF Mcn.
ryan have la ely enacted wise law iorblddlng Ihn
sale OF homestead on execution Let other states
follow the example and add the ancient Jewish
law, limiting the amount OF lihd 10 owners. la
our cities how few own the houses which they in
habit. In Massachusetts how lew own the farms
which they cultivate Republican Rome and Ecu
dil Russia, with their landed nlouopolies, are
ming and rapidly too.-rPublic Ledger.