Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-24
THE NEW IMnIsRAELOk ssHEME.
How IL is PrOpOsed Ito Make
glad the waste places, and the
desert bloom as the rose"

best citizens and the Hon. Z. NJ. YeFger,
who Is in our city in the interest of a
new scheme to advance the industrial
and agricultural resources of the South,
laid PROSTATE by the war.
The letter of Mr.. Yerger was one full
OF interest, and since reading il, we have
received 8 copy Of the Marion (Aia. y
Common 10edlth, which contains an arti-
Gle on the same subject, explaining the
11Odus opeTaHdi Of tke proposed scheme,
showing it to be not only q Of the
most feasible, but the ~fairest, most equit-
able and direct method of re-populating
our beautiful and fertile Southern u
try.
The plan had its origin with our old
friend, Col. Lee CIandAll, of New Or
leans, 9 gentleman than whom no one
has the true interests Of our section more
az heart.
He early reslizsd the fact that immi-
grafton, the importation and transplant
ing to our soil the hardy sons OF the
overburthened and too densely popula-
ted regions of Europe and the North,
was the only method of bringing forth
and developing the incalculsble wealth
thot lies buried 10 u fertile fields, the
countless millions of treasure in iron and
coal, gold, silver, lead aud copper, hid
den away in the bowels of our noun
tains, and the vast manufacturing inter
ests which God and nature intended
should flourish in cur broad domain. |
How to secure this tide OF immigration,
how to make it 1ow into our borders not,
as now, ike q puny rivulet, but in q
mighty current, vast and irresistible,
was the problem to be solved, and his
busy brain has worked at it until he
has built up . system perfect ia all its
details, and which cannot fail OF success.
His argument was First, That we
must Lold out such Inducements to the
emigrant that he cannot fail to see them
at q glance, and second, that we must per-
petuate these inducements by refusing 10
withdraw them after the FIRST fruits of
its operation have become evident. As
the Commonwealth puts it, Glands are
selling in Perry at from two to twenty
dollars per acre. But IL one hundred
emigrants should chance 10 arrive here
to morrow, seekisg homes and anxious
to purpose lands, we think we hazard
nothing by asserting that lana in this
market would at one jump up from two
to four and from $40 to so per acre. And
just then, snd right there, the goose that
laid the golden egg would be ~strangled
without mercy
To obviste any such contingencies con-
tiBgencies that we have seen arise in
every case where immigration on any,
thing like q large scale has been at
tempted ia any portion of the South
Col CrRndali proposes the formation of
3 joint stock Immigrati I Company in
each Southern State, TO managed and
controlled by officers e.eeted by the
stockholders, snd comprising q central
officer st some central point, with branch
offices or agencies wherever it may suit
the directory of the Company to establish
the Each stoekholder contributes
so much land TO theg eaeral fund, valued
according to prevailing market rates "a
ths session whATe located, and uOted lin
election OF Directors, etc, according to
its relative value to the general sggre-
gate. When subscris ions have been
completed, or whenever the limits of
subscriptions have been reached, the
lands subscribed are to be reUdtued, and
so modified as regards prices as to pre-
sent inaaseAents 20 the immigrant
equal if not superior, to those held
out to him ia the Western States.
The company will then advertise
these lands. their location. in
d~uesaenIs, eJe., through Northern
papers of extensive influence and eirca-
Istion, establish immigration agencies
in the chief cities Of the North, and
thus turn that tide which lass made the
w cBt al EAAkAEc VI uA1tN44Acu DEauGY /
and strength, into Southern channels, To
pour its EsrtIising A0ods On Southern
fields.
ny these means" says the Common
eUe0Eth, 10 it's aole and well considered
article, 9 the first white covered wagon
seen upon orr streets viii not be per-
mitted TO choke OF sill further immigr4-
ton by throwing prices up beyond the
reach Of light pCckets.b 1
The lands subscribed will be held by
the Company at the assessed tariff until
the whole, or nearly the whole, capital
stock OF the concern ia the laOGs so az.
sesssd has been exhausted. But the SIS
sessed rates will apply only to alternate :
sections or subdivisions of the land sub
seribed. The remaining portions OF the
capital stock viii be held back until the
alternate sections have all been taken
up. By this time tine unsold lands will
be worth four or five times their ante
cedent value, and these will then be j
thrown upon the market for what they /
will bFing-if il Ls two hundred dollars
per acre. But no lands belonging 20 the
Company will, In any event, De sold 10
other thar those who propose to become, {
and who will bind themselves to become
actual settlers. l
To Illustrate Col. CrandaIps plan we
viii suppose that A b G. and d. desire
to form a corporation OF his plan. A. {
subscribes 1000 acres OF black land, worth Z
$40 per acre /; b. puts in 2G00 acres Of
postosk land, worth SIG per acre @. and
ID. pat in 1000 acres each of sandy land, /
worth IS per acre. Ia this case the VAL
ues of their several subscriptions being {
equal, ths STOCKHOLDERS, A. z. @, and d.,
will be entitled to equal votes (say forty {
votes each, or vote for every $500
worth of land in the choice Of q Presi-
dent and BOARD Of Directors. They vote
in person, or by proxy, for officers, who,
when elected, 8t once the entire
control snd management of the COmps- {
py's lands. And after having arranged
the lands subscribed into subdivisions or
tracts, following the plats and maps Of
the same furnished by the oWaers,4 they I
offer the al5eTBate sections, subdivisions
or tracts subscribed by A. at half their
market value, to-wit at ten dollars per
acre, pursuing the eams plan with those
subscribed by the other partnsrs-ad-
vertising the same through Northern Z
journals OF extensive Influence and
circulation, and inviting settlers to
come and occupy theuc, through the
medium OF immigration sgencies estsb-
lished by them in the Northern and
Northeastern States. To such settlers
t1e act of Incorporation granted Col.
Woolsey, of Selma, by the last session
Of the bkqnkeEy offers ave years ex-
exemption from taxation and the iDAa-
ence Of so powerful a corporation as this,
would soon be extensive enough, and
deep enough TO lobby through other
bills, offering other and kindred induces.
menus to "acIusl settlers" These !
added to the superior indGcsment Of I
twenty-five cents for cotton, would soon {
show themselves amply sufficient for the
attraction hither OF such q swarm Of i'm
migrants that no amount of subscribed
lsnGa would be sufficient to furnish them '
homes and employment. The natural {
desire TO secure cheap lands, under ex. !
emption from governmental burdens for !
a term OF years, would have q CORES !
bonding tendency to make the emigrant
come early. Hence, the rspidity with
which our waste places would be repeo-
pied, would soon shoot the reserved sub !
scriptions, contiguous as they must, in {
that event, to the thester of the rapid Z
increase, far beyond their present value.
This would result in adding twice or |
three times as much solid value to the I