Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-23

MEEPaIs, March %, 1869.
MessTs, ". II. Cta7y. president Chamber Of
Commerce, Hons. Henry G. Smith, ". NJ. Far
rjHgton, ". B. GreeBiac, and others:
GENTLEMEN have the honor to acknowl-
edge the receipt Of your note or this date, it,
viung me to address the citizens OF Memphis,
and On the eve of M departure from your city
l basiel TO reply.
Visiting Memphis in the interest of the
scheme 70 which You have 50 h~atterinsly alu'
ded, il would give me a special pleasure to CON-
py with your requCst at once,dId not other en-
gagements OF paramount importance demand
my immediate attention. IL, however, II
meets J our pleasure, ] wIli address the c!t.zsus
Of Memphis on the subject Of immigration du-
ring the sitting ofthe Commercial Convention,
which Is to .emble in his city in May next
In consideration OF the vital Interests which
Memphis has IN the success Of the plan pro
posed, 1 will briefly al.ude 10 such portions OF
the scheme as are now deemed eXpedient TO
BE- laid before tn public.
I5ls admitted that agricultural labor is the
source Of all wealth, but 10 is also known that
the unaided efforts OF a laborer simply supply
himself, without producing that Surplus Of
capital which su,taia5 the nOn-prOIucLive
classes therefore the merchant, the manufac-
tursr, the railroad man, the artisan and me-
chanic, are direct y interested in an enterprise
which promises TO reclaim our deserted fields,
omen our valuable forests, and develop the
maaninsent resources OF cur unfortunate, yet
Got-blegse lanJ.
From the lst OF July to the lst OF December,
ISIS. one million Of Immigrants ave sought q
permanent home in tue United States. They
brought with them an average OF eighty dol
lars in gold. They belong chiefly to the pro-
duclug class, and We thus see that in a little
more than three years, our population is in
creased one mil ~iOn-sS0,GOO 900 in god added
to the wealth OF tire country, AID estimating
aLa aH g~na -.-.a-L
the great sum OF 500, 10000 Indirectly added
to the resources OF the county. These hgures
Will be found verihei by reference to the re
port OF the special Commissioner OF the reve-
nue. for the year 1865.
By a cooperative movement establishing
consolidated interests in me south, we can di-
vide this population and wealth With the
North and Wet. At the same ratio in ten
wears population from this source alone, Will
have Increased about three million S240,OJ0,Oo0
in coin addict directly, and fifteen hundred
million Indirectly 10 the wealth and resources
OF the country. Il We Of the South will throw
OF the lsthargy which is hanging up5n US Ike
a death chill. ana act with ~pronptness and en-
ergy, I'm my JadgmenU We can, ia less tSau
ten years, command taO-tbirdS OF this vast
wealth and population. TO do this, we must
place our surplus lands in the msrkCt
and unierscll tbs land owners OF the
North and West, The most prac lea
bic anu SPECIFY MoAp VI accomplishing
this Is the formation or incorporated agencies
In the states OF the South to direct and divert
Immigration nom Europa and elsewhere, and
encourage emigration from the North and
West. For this purpose II Is proposed 10 form
a Joint stock company, based upon the sub
seription Of lands, TO be exchanged for the
stock Ofthe company, reduced 20 q gold bagis-
a maximum and minimum price for laads al
pneir present valuation TO be estAblished-th
eesoeiation TO be established upon the basis O.
a credit JOncier and nlobiie-a capital OF nvt
million dollars 10 he raised, consisting OF lands
a small percentage OF cssn subscription, say
two Der cert, viii be necessary 10 establish thS
home office, FOREIGN Cmce, and all necessary
branches in the North aud EarOpe. II is be.
Ueved that tho gradual and inevitable appre
cistion OF lands VIII command a premium
Tor tbe stock within six months after oreaui
1oson. It's not inteuded at this writing Il
davelop the scheme entlrs-salice II 10 say
tbete Man has bsen conceived which has ellie,
ited nreIietlons Of success frCm some OF the
shfest and most practical mind in America.
10 tbe end proposed a charter has been
Granted by lie state OF Mississippi, very com,
nrebansive and liberal in its privileges, and an
in,migration association viii soon be organized
undar me same. The charter contsmpiates co.
operative Institutions ia all the b err
states. Init the design OF the Commissioner
appointed under the charter, and OF the dis.
frsuished eitizens OF Mississippi who are alive
10 his movement, Is 10 secure organization aud
suecess in oar own state first, as the surest
means of guaranteeing success in Others. The
merchants OF Memphis and New Orleans are
dirs.stly interested IA the sue. es OF tue move
me,it Ia Mississippi, as the sale OF our cotton is
. chiefly divided between these two cities; and