The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-02

and sell them 70 actual settlers. We know
nothing of him or his company, and nowise
indorse either. He may be Incompetent or
knavish, his company may be a myth, and his
scheme a swindle; but the idea is good one.
and perfectly practicable. II a COMPANY with
barely 81 100000 cash capital under com
petent management, were to do thorouoblv
what this man proposes, it might pay its stock
holders twenty-five per cent. per annum. and
do immense good to all concerned. transform
ing many thousands of shiftless and needy.
homeless, hopeless persons into thrifty, com
Portable Independent freeholders. And there
is room for forty such companies to do their
utmost, without at all interfering with each
other
The common assertion that there is ''no
money! at the South imparts only lack of
confidence. When the Inoumbered Estates act
took effect in Ireland, and great properties
were sold under the hammer, it had been pre-
dicted that the purchasers must be found in
England or Scotland, as no one in Ireland
could pay for them; yet most of them were
bought and paid for by Irishmen, as all would
have been had they been sold cheap enough.
Money will come forth from ten thousand
hiding places when those who hold it feel sure
that they can proftably dispose of it. The
testimony is general that most of the negroes
all of them who are good for anything-are
anxious to become owners of land, though it
be but an acre each; and every one who owns
an acre and cabin will be a better citizen
thenoeforth. He will have employment for
his spare hours and incitement to save and
improve. The South would profit immensely
by making every poor man the owner at some
rate of his cabin and garden.
1t is quite true, as the President of the Vir-
ginia Agricultural Society urges, that the
greatest efficiency and economy in cultivation
are not attainable through small farms. The
able and skilful cultivator Of several hundred
acres can afford to hire his poor neighbors,
and pay them more money than they could
make on their petty farms. But Southern free
labor is yet in its infancy, and the owners of
great estates lack the capital, and often the
capacity, for their thorough cultivation. The
work directly in hand is to make every one
contented, thrifty laborer; and this is attain
able only through small farms. Sell every
poor man in the South what land he can pay
tor-from two to twenty acres-and there will
remain far more large farms and plantations
than money can be found to work, or even
half work
We trust the means may be organized or
created whereby Northern capital may be
largely devoted to the extension of Southern
agriculture. One hundred millions might be
so invested in the South as to increase by at
least that sum the annual production of the
soil. The South will this year grow more
grain than she ever did before, and will make
it is estimated, some $500, 900 bales of cotton.
Yet there are planters who, with we'll
secured loan of $1,000, could have increased
their crop by at least $4,000, giving increased
to labor, and rescuing the needy
from famine. We trust that systematic efforts
will be made to supply all who need loans,
and can give ample security, before the open
ing of another season.