Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-25

NHAA1HH9~AAEH
II is gratifying to observe the spirit Of
railroad enterprise being earnestly re-
newed at the South These great civil
hzersy wealth producers and friendly
links, binding communities together, will
progress henceforth with great rapidity.
We are not far behind the North even
now. In 1860 the North had gG6j miles Of
railroads, the West 9I9l, the South g053.
The Northern roads cost $4,000 per mile.
the Western 10000 and the Southern
s24,l00. There is but a comparative tribe
u on Southern roads, whilst the North
and West are heavily in debt for theirs.
The crops Of the South are moving con-
stantly to market at all seasons, which is
not the ease az the North; in fact, the or
binary observer viii not fail 10 sec our
great natural advantages for railroad
building, and our facilities for sustaining
/ them when built. Welcome every man
who ONE with a healthy railroad enter
prise. Ancient Memphis welcomed the
/ enterprising Tvrians, who established q
commercial mart within the precincts Of
the city. VIII young Memphis, full Of
beauty, wealth and strength, emulate her
noble example.
1t being therefore clearly demonstrated
that the turning Of the vast tide Of emil
grafton Southwark Is a sine que 0 in the
development of Southern wealth and
power, and thai this favored land offers a
AA1RAANA anu AANAAE4 AADAAAG AAAAA HAAH 1A4AN-
to the labor oppressed Of all nations.
1 will now proceed to introduce a plan
proposed 10 cOnsummate the great de
sign.
PLAN or IMMIGRATION.
y charter has been granted by the State
of Mississippi, which although intended
to operate primarily in that State, is CO.
operative in its provisions and cOntem-
plates national and international emigra-
- 5000.
failed in n South, IN consequence OF
owners or capitalists excluding land rom
market, II is now proposed TO form in the
different States Joint stock companies,
based chiefly upon the subscription 0fthE
arabic and fertile lands Of the South, with
the view of creating an Immediate mar
ket for all surplus lands. and the encour-
agement of emigration TO the South.
Money subscriptions received should
J bear greater interest than the stock issued
for land subscriptions. This discrimiua-
ton is based upon the inevitable spDre-
citation ofland, N the possible deprecis-
ton Of the national currency.
All lands subscribed 10 be received al
their present market valuation, reduced
TO a gold basis. Lands NAV be valued by
subscribers, subject to the approval of the
directory. A maximum and minimum
price to be established, End il should be
understood that the value and titles of all
lands subscribed shall be satisfactory t.
the board of directors in the different
States, before their company shall be IN
der any obligations to accept the same.
Fee simple titles Of land to be made in
exchange for the stock Of the company.
and all the necessary expense in securing
satisfactory proof Of titles TO be borne bv
subscribers, except in special cases, when
such expenses may be advanced by the
company, and deducted Withinterest from
thu frat afufAand To -nfrHEuraa. ~Ha. .-r.
pany for such outlay.
1t should be the policy 10 encourage
large neighbOrhOOd subscriptions. The
land subscribed to be resnrveved. and laid
of in lots or tracts not less than forty
acres, the alternate lots or tracts TO be re-
served for future disposal. Al lands Of
the companies should be graduated or re-
valued, and sold TO the emigrant at the
very lowest price possible. They should
be mapped, with full descriptions. and
FIXED PRICES, and sold on long time, say
five wears, with small cash advance. or for
cash. The cash buyer should receives dis
count of at least ten per cent, or liked
prices. In-special cases no cash advance
to be made, and the interest on deferred
paymentsnOt to exceed six percent.
\ COMMISSIONS of immigration for Eu-
o and a home commissioner, with all
necessary assistants, should De appointed
by the States or The companies tOsUperin-
ten reception depOts and direct emiEra-
ion Both commissioners should act in
concert and under the direction OF the
companies.
4 labor exchange should be opened 10
all depOts OF reception established by the
company, for the purpose Of providing
situations for artisans. mechanics, house
servants and COMMON labOTers. Con-
nected with this there should be "a bureau
of information where intelligence may be
raanfvnH hF~ TmTnfor=QnfG nfrhn hnmnz Of
friends and relatives already in the United
States,
Contemplating a great success. founded
upOn n great necessity, il is designed in
the future to invest the capital n funds
of the company m Mississippi IN the bonds
and shares Of railroad companies. and
in purchase of lands for locating town
sites and other purposes, and other public
n private SECURES, which. being placed
in Europe or elsewhere. may he held or
sold as the basis of a credit, enabling us
TO make advances to immigrants, farmers.
planters and others upon terms more ia
vorable than usually made by banks.
The companies to be authorized TO re-
ceive or hold on deposit or in tEzIst. any
estate or property. real Or personal. in
Guiding notes, bonds. money or accounts,
and to deal in exchange, foreign or dOmes-
tie, and by a concentration of capital and
credit under proper regulations, the COM
panies viii be enabled to give profitable
investment to labor, and aid in the devel-
opment of the agricultural. manufactur-
ing, mining andOther industrial resources
of the Southern States.
Capital stock to consist OF shares Of one
hundred dollars each, fifty per cent. to be
appropriated and used As active capital.
and fifty per cent. safely Invested as a re-
serve fund for the payment of all contin-
gent liabilities.
Dau,feefan of fQrqffau MAST dino UHHon
lands subscribed, and exemption from
OF the lands Of the company for
a period of twenty-five years, or until
actual settlement then, as a further in
ducement to purchasers to exempt such
lands from taxation for n years 3fter
purchase, as well as ali the assets of the
company.
Communication direct with Europe, 10
first opened. probably through the
Bremen and Baltimore line of steamers.
1t is expected that the advantages offered
viii secure such large SUBSCRIPTIONS
the branches in the different
States as win enable the associations To
their own line of steamships, in
case reception bureaus VIII be es-
.ablished At New Orleans Norfolk, Viz
Einia, Savannah. Mobile. Charleston, Mis-
issippi CITY contemplating the build
ng of the Gulf and Ship Island Railro2dJ
md other Southern seapOrts. II has been
that passage rom Auropfr
through the Bremen line. can be furnished
II One-half less than the usual fare to
New York.
Strong agencies should be established in
he eitv o New York TO divert emigration
aouthward through Southern lines Of rail-
Dad. Agencies should also be established
n the principal cities OF the North and
Vest.
The charter granted by the State of Mis-
issippi is cooperative in its privileges
nd intentions. 1t is believed that a de-
Jared success in Mississippi viii result in
adoption of our plans by al the South
States-eaeh Statewith its home man
contemplating 2 cooperative
lnion, The charter will undergo such
notifications and amendments as locality
experience may suggest. The central
flee will be opened in Jackson. Miss.
agencies in all the North
and Western States. and branches i
II the Southern States and in Europe.
EXPLANATION Of PLAN.
The subscription of lands proposed with
he view of promoting immigration, IS
hief means left the South of redeeming
er prosperity and establishing her pOliti-
al freedom. The means are ample, the