The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-27
AMERICAN COUNSEL,
David Holman, ESQ.,, LII. d.
SOLICITORS.
SECRETARY,
w a. N1air Trotfor I

bOLIClTORS.
sKCRErARY,
w. st. Clair Tr0tter, ESQ.
The primary object Of this company is the promo
non 81 0S snG th upon a.. more
hitherto attempted, and the leading features by
which it "a proposed 70 effect this, ares
l: The purchase by the company Of large tracts Of
their subdivision and settlement, and sale with i'm
mediate absolute possession upon most advantageous
terms to the emigrsnt purchaser; perfectly sound
title to which lands the company undertake to qua
rantee.
2. The sale Of the fee simple Of such lands 70 the
emgrant, who will be allowed to complete the pur-
chase thereof BY periodical payments during terms
varying from three to ten years
able annually during the life Of the grantee. which
leases may be converted into freehold ct any future
period
grants in London, where the best information with
regard to procuring PERSONAL and general supplies Of
every description may be obtained, including agri-
cultural and all ether implements; where passages
may be e,Rged BY the best ships, And information
colonies and United States.
s. The epSoarsgtment of local associations for the
purpose 9 collecttDg q fund, by mall week pay
The Of tSe oasses
grants from the system Of plunder and imposition
TO which their helpless condition has hitherto sub
jected them.
COLoNIz ALTON AND LAND.
The company have made arrangements for the
purchase of large tracts OF we'll selected lands In the
colonies and the United States on very advantageous
terms; and the fee simple Of such lands ~ are sec
tonized by government, viii be disposed of by the
company FOR an imme date pay menf deferred pay
ment, or at an agreed rental detailed below, and
in such lots as will suit the convenience of pur-
promote system OF well organized colonization, in
tend that each tract Of territory to which their
ges directed shall be sele,ted with sound judg-
ment and 20 peope0 as to contain within itself all
the elements OF a thriving community. They pro
pose to erect stor, houses In the most convenient
situations, to be amply supplied with every neces-
sary article Of clothing husbaodry, furniture, food
&c; and experience has shown that from such ele
menis ia,ge and important towns have arisen IN the
The company being DESTROYS Of holding out TO
honest and industrious yeomen the certain prospect
OF becoming absolute proprietos Of the soil they
cultivate, but which their means will not allow of
their purchasing by single payment. have caused q
series of tables 10 he prepared giving them the op
tion Of completing the purchase Of the land at the
having been valued, these tables VIII indicate the
yearly payments which will be required from the
coonist to replace the whole purchase money 10 the
company, with interest and fair profit; and the
cooIi.t viii be guided BY his means and enterprise
At the expiration Of the period agreed upon he be-
comes proprietor Of the land in fee simple and The
company 10 secured against loss by Aolding alien on
the land, the enhanced value Of which, AFTER very
few years occupation, win more than concordance
Any loss from breach OF contract by the purchaser.
= source Of considerable profit 70 tAe company
will be the reservation OF alternate sections of land
for future fae when enhanced In value by tho influx
ef pop alation and capital.
FREEHOLD ASSURANCE.
The company will grant to yeomen farmers Of
good character the fee simple Of farms, or allotI
ments Of land subject to an annual rent chavee 70
be paid during the life Of the grantee, Who Win be
required 10 have two responsible suretacs in this
country for the due payment Of The annual premi.
ums. This rent charge will represent Tie animal
payment, which, on the ordinary system Of tenure
the occuper would pay 70 the landlord for the mere
temporary usufruct Of the soil together with such
annual premium Is will enable the company 70 az.
sure the vsae Of the property. and % replace the
occuper. For example, q person aged thirty win
receive the absolute freehold in foe simple for him
self and bei of farm ofsbout 800 scses, valued at
ECO, on biz becoming subject to pay
And the annual premium for insurng
xl00 (say). ......................2 10 90
Total rent charge payable during The
The farmer viii thus hold the land dwiss h;s life
and on bis decease the freehold will become the nm.
bu,thened patrimony OF bis heiry or assigns. The
value of the fee simple will be replaced 20 the com
paDy by virtue Of The policy Of assrsncs. tSe pro-
perry during the lifetime OF the occupier remaining
mortGaeed 70 them q security constantly increas.
ing IN value to the mutual benefit Of bstA parties-
Notifications OF this principle and osAAr arrange
ments 70 sui. the vie ~ and means Of iuSendine 81
Ners VIII be made a. occasion shall dictate. For
example, the emigrants win be permitted at any in
ssrvsning period, 70 complete TIE purchass Of the
zee simple upon equitable temss
The operation Of the principle hare embodied In
illustrated In detail In the Wsssminser Rerisw for
July, le49.
MIGRATION.
a, EncSuraeement vii be given TO The formation
the industrial classes on the principle of benefit 90
ceties-so successfully carried out IN TIE pottsries
Tor the purpose OF collecting fsnd BY small week
by election, rotation or otherwise.
COMMISSION AGENCY.
One OF the objects Of this COMPANY. nanHelv conn
mission agency win be carried ont upon principles
Messra Grindlay a 90. in relation 10 tAe East In
Dies Rooms viii he provided In London for the &C
commodation Of emgrants, with every species OF In
formanos, maps, periodicals and works q reference
relating 70 the colonies and the United States, and
where they win receive every assurance within the
power OF this company. Emigrants and persons de-
sirous Of purchasing lands and Of settling In any pro
s st.ss ID h%scs whether IN G.Ssda or in the
have AL the necessary arrangements made for them
ard the titles to land effectually secured.
Every humane precsuson vil be taken 70 insure
British colonies or the United States cent ont bs
this company.
CONSTITUTION OF THE COMPANY
The affsip OF the company will be conducted nv
board OF directors.
There will he two auditors, one of whom v;rl tc
appointed by the shareholders.
The property OF the company will be vested IN
trustees.
A general meeting Of the shareholders will Ia bela
once in every year. "
The capital Of she company viii be roia,s 10 ,or,os
OF fn'OoO tech ~ may be required.
Al sgen's ana officers engaged by this ca unanv
M this ypuutry and ahYoad u,liLo -, Npany