The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-07-20
FORMATION OF A GRAND CHINESE IMMI.
TION COMPANY.
THIRTY THOUSAND DOLLARS SUB.
SCR1BED.
A Chinaman's speech-Experience Of q
South Carolinian-What the Laborers
viii Cost and How to Get Then-What
Commodore Maury Says, &C., sc.


phis on Thursday last, resulted in the forma-
ton of stock company, to be called the
mississippi Valley Immigration Labor Com
pany," for the purpose of introducing Chinese
laborers, to supply the great want OF labor
experienced everywhere in the Mississippi
Valley and adjoining States. The capital OF
the company is to be 81 600 600, with the piivi-
lege Of increasing it to 50 100000, and all cap
italists and planters who feel an interest in the
movement are invited to cooperate and take
stock in the organization. Books tor subscrip-
lion to the stock are at once to be opened in
Memphis, and the company ls to be organized
on the 18th day Of August, by the election OF
twelve directors, who shall hold their Offices
for twelve months, and until their successors
are elected. The directors are to elect one Of
their humber president Of the company, and
are also to elect secretary and treasurer, each
of whom shall be stockholder OF not less
than ten shares. The following are the
main additional features of interest IN the
PLAH OF OPERATIONS.
The shares Of the company shall be one hun
dred dollars, and every s'ockhoder ahali be
entitled to ss many votes in all elections as he
NAV We shares OF stock.
When tue compsny shall be organized, it
shall be ,he duty OF the president and direc-
tors to collect ten per cent. Of al, the stock
subscribed, which shall be paid when called
tor, or the stock may be declared forfeited to
the company. The company shall not, at any
one call, require more than ten per cent. on
the stock; nor shall they call for payments OF
stock oftener than once in every thirty dlys.
-sH fh1o
the most active measures for carrying into ef-
feet the objects this organization, by bring
ing into this country the largest number OF
Chinese agricultural laborers in the shortest
possible time. II shall provide proper ACCOM-
modatiuns at Memphis for these Chinese labor
ers upon their ARRIVAL in this city, until they
are engaged in fair contracts with employers,
and 1t Shall be the duty OF the company to see
that, in the contracts with planters, the nights
Of these laborers be properly protected.
In placing laborers, q preference shall IN all
cases be given to the stockholders Of this COM
pany over those who are no. and as between
different stockholders. the first applications IN
writing, fled with the secretary, ahall be first
filed; but this company reserves the rte eht for
cretion BY partially filing different stock
holders applications, when all cannot be sup
piled.
AIN contracts between these laborers and
planters shall contain stipulations for just and
kind treatment and promp. payment OF tue To-
wilful violation Of such stpulations.
Il shall be the duty Ut said company in all
things to obey the laws OF the State and Fede-
roi Governments, and as early as practicable to
procure the passage OF law OF the State legal.
izing the company as q corporation.
The company shall keep account OF all it's re-
ceipts and expenditures, and shall make re-
hx,v, h1,ohfy q
denE ed statement OF its condition and opera.
tions quarterly.
Every officer Of this company shall be
stockhoIder. Its executive officer shall give
such bond se may be required by the board
Of directors.
Books for the subscription Of stock shall be
opened ct such places (and shall be kept open
until the company is organized, and as much
longer ss said board OF directors may think
as may be determined upon by the
executive committee. The president Of this
convention ls directed to receive the names OF
three delegates-to be selected by the delega-
tions from the different States represented IN
the cobventon-who shall be constituted the
agents of this company. and authorized to re-
ceive stocl in The compa y from the people OF
their respective States. The president OF this
convention shall appoint local committee Of
four who shall have general supervision OF all
matters relating TO the organization II the
COMPANY, to appoint committees to obtain
stock in other States, and to do everything
which may be necessary in the future, until
the election OF board OF directors, aud whose
acts shall be the acts Of this company.
The COMMIT TEES.
tt following is ist OF the committees ap-
pointed, IN accordance with the above plan, to
open stock books in their several States:
South Carolina-T. D. Wagner, A. F. Rayenel,
Major Hutton.
Tennessee NJ. Apperson, W. R. Hunt
and William W. Harrington.
Alabame-General N. B. Forrest, Colonel
Lyon and General Battle.
Louisiana-John Williams, Emilio Dupree
and hoses Greenwood.
Nils ,issipp.-John Duncan, Geo. ". Koontz
and General nj. =. Blewltt.
Keutuoky-L 8. Trimble, D. 6. Reed and
John Martin.
Arkansas-M. [. Bell, General T. Churchill
and General Cad Polk.
Virginia.. II. McFarlane, T. S. Beach and
D. II. May.
J. Pillow. W. A. Cherry, ]. W. Clapp and Ju lge
Archibald Wright.
THE FIusT SUBSCRIPTIONS.
At tho juurument of the convention the
books OF stock were opened and upwards of
$50 600 subscribed. Messrs. Koopma ischaap
& Co., of California, were the first subscribers
putting down their mes for $5000
General Pillow read b letter from General N.
B. Forrest subscribing $500 in beualf OF the
Selma Railroad. and said he would suon b.
ready 10 emoloy one thousand Chinese labor-
ers. He thought be could pr cuIe bu1scrip
tlons OF stock along the line OF he Selm ! road
to be- " .eu Sl00 600 20 $500 600 before tAs 18TH
Of August.
rAK SUPPLY AND THE NJ ode OF GETTING LiBoR-
EXPENSE OF TRANSPORTATION AND cJsr uF L,-
BOB FOOD, &C.
On these subjects after full aud careful
consultation with leading Chinese merchants,
the following general information was cb-
famed:
The house Of Koopmlnschsap & Co., of San
francisco have lm Jur,e from China about
thirty thousal laDorers which are pretty we'll
distributed over tine Saste OF California. aud
thai Tar as alr. r.Kpopmansohaap's information
xtends. o large maj 'ritv OF them have fully
met public expectation as useful laborers,
Tnere rs no doubt that supply OF Chinese
laborers can be had tv meet all the demands OF
the South. l. will b, question Of time.
COntracls must be made IN UhIna, and some.
tim,s goou guaranUees caA be had from the
mand .rlns or governors OF disrc FIR tho
faithful performance Of the laburers' contract.
1l.