The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-07-03

| PStoeiCH " tnS puIcunS6 OF lands,
and other real estate, at low cash
valuation, and their sale, by draw
ings and otherwise, in small vet
attractive b-divisions.
The charter of the company, known
as the Southern Asylum, authorizes
it to accept property at its cash value,
and, in selling, to fix the price as if
sold on five years time. In this diff
ference between cash and time valua-
ton, consists the margin for the COM
panys profits. Ten per cent. of these
gross profits, under the oath of the
president, is appropriated to the es-
tablishment of an asylum for widows
and orphans. The cost of worldwide
advertising will be enormous, and the
services OF many agents and clerks
are required in conducting the ope-
rations of the company. The margin
for profits and expenses thus fixed,
stockholders and managers take no
further risks.
When the Havana Lottery offers n
prize of 100000, and only $50, 900
worth of tickets are sold, the ma
nagers have $4,000 worth of tickets
issued to themselves. These are called
"blanl1s. " The Southern Asylum
holds no 'blanks. There will be
published list of property, assessed
by well-known real estate brokers,
the value of which may be more than
Sl,000,000. Tickets will te sold at
So each, and, when drawing takes
place, there will be distributed among
ticket-holders tracts of land, houses
and lots, and stocks, assessed as
above stated, equal in value to the
number of tickets sold
Managers of the Asylum, it is thus
apparent, have no inducement to
commit wrong, and have no interest
i'll the drawings. If the title to any
property proves defective, the fortu-
nate ticket-holder will receive the
cash value of the property, less five
per cent. Persons everywhere, who
have good lands and town lots, and
who must have money, should ad-
dress Gen. Frank G. Armstrong, Pre-
sident of the Southern Asylum, at
Memphis. or Col. James Strain, Her
nando, Miss.
1t is the purpose of the company
to sub-divide plantations, and by ad-
vertising in Eastern cities and in Eu-
rope, to divert the tide of emigration
from the Northwest to kindlier
climate and region in which nature
has been ever fruitful of blessings.
After each drawing at fernando, o
list of the numbers of those tickets
that draw prizes will be published in
the Memphis and fernando newspa-
pers.
THE OBJECTS OF THE SOUTHERN ASYLUM.
l. The disposition by lottery or
otherwise of lands, lots and such
other property as may be committed
to it for sale, enabling landowners
and others to dispose of their proper
ty Mt time when few are able to in
cur the expense and trouble of heavy
purchases and advertising.
2. BY the lottery plan, the division
into small farms of 100 or less acres,
of the vast tracts of unoccupied lands
OF the South, and the plantations
now unwieldy in consequence of the
altered labor system of these States.
). The encouragement of immigra-
tion to the Southern States, and the
settlement of the now waste places
of this section by thrifty and indus
tlious people.
i. BY means Of a lottery to bring
within the chance reach Of all sorts of
people, for small outlay, farm. O
homestead, and the means of indie
pendence, perhaps wealth.
5. And particularly the establish
ment of al asylum for widows and
orphans.
TO ACCOMPLISH THESE OBJECTS.
l. Lands are accepted at cash
valuation, made by disinterested
parties. These lands, when practical
BILE, are sub-divided, and each such
sub division becomes n prize. The
value of lands distributed Mt any
drawing are equalized to the number
and value of the tickets sold up to
that time
.. Monthly drawings after the first
drawing, will take place Mt Hernando,
Miss
3. Farmers everywhere, and pro-
perty-holders who would sell, should
transmit q description and the esti-
mated cash value of their property,
approved by the sheriff, judge or
other well-known officers of the
County in which they reside.
The price of ticket emitting the
holder to n chance in the grand dis
tribution is So