The Sumter watchman. [volume] (Sumterville, S.C.) 1855-1881, 1870-05-11

~ wv ~ -k -
the gentleman Who subscribed half his
land yesterday, (mtaning Mr.. ". d.
Lawton,) tho FIRST difficulty will be
overcome. We do not ask, and it is
not necessary for any one actually to
give his lands. Let them subscribe
their lands and get in exchange for it
certificates of stock to corresponding
amount. Appropriating one halfof ones
lands to the Immigrant enhances the
value of the other more than doubly,
and in this correction we would sug-
gest that the Rail Road companies
would be better by subscribing their
surplus lunds to tho Society of the
county iu which it lies.
AS regards the roising of the neces
sary funds, portion of the reserved
land of the Association might be mort
gagged, and in that manner the money
might be raised. In conclusion VIC be-
lieve the scheme which We propose is
practical, but we also believe it to be
capable of improvement, enlargement
and revision. And the committee will
be gratified 1t it will produce discussion
and be revised and improved by amend.
ments.
Mr.. John Hanckei called the atten-
tion OF tho Convention to the resolutions
attached to the report of the committee
on direct trade. He said: We must
not consider this new idea or chemi-
cal scheme. The project was started at
| tho hrooE Esn,x AZ Il -
be Interesting to know that the first
steamer built for the company organized
then, was the first vessel to pass through
the Sucz Canal, carrying $4,000 bales
of cotton. At that time the bringing
of immigrants was not thought of, but
the ultimate objects were the same.
W. can accomplish this purpose if we
set to work earnestly, as will be demon.
strated by the following figures: The
cost Of four steamers will be between
100000 and $S00,OO0 I have
authority for stating that one halfof the
stock will be taken in Europe, leaving
only one half the price of one vessel
1--WE can only start with one) to be taken
on this side, say 100000 The South
Carolina Rail Road will subscribe
SIS, 900, and other rail roads will proba-
bly, take 81 900 more. There will remain
tnen about S35, 900 to be raised by pri.
vate subscription. The money will not
be required all at once, and if one
thousand persons will put down their
names for Sl00 each the capital stock
can very easily be raised. 1t will
probably take two years for the compile.
sion OF tho enterprise, and only twenty
Eve dollars in cash will be required from
each subscriber We must not look to
Charleston to accomplish this entirely.
The city will, doubtless, be benefited
incidentally by it. The agriculturalist
will be benefited directly. The benefit
to the planting interest will be greater
than the benefit to the commercial in,
tcrest. The resolutions are as follows {:
Resolucd That this onvcnt,on re.
commend that a company be formed for
the establishment Of permanent line
of freight and Immigrant steamers to
port in Europe. in shares of SIS each.
Resolced, That committee be ap
pointed by the chair to obtain snbscrip-
tions from the various Rail Road COM
panics and corporations interested in
commerce, and also take measures for
the establishment ola company on q
permanent basis, to form line to con>
sist of four steamers.
Rcsolccd. That the chairman of each
delegation be charged with the duty Of
obtaining subscriptions in their section,
with power to appoint sub committees,
who will report to the chairman np
pointed by the Convention the names
and amounts sub 'cribci.
hope tho resolutions will not only
be adopted, but carried into effect.
move their adoption
The passage Of the resolutions were
advocated by VIM NJ. Lawton Esq Col.
D. w. Aiken and Col. j =. Thomas.
The question then occurred Oh Mr..
[1anckcl's motion. to adopt the resolu-
ton, OF the committee ON Direct Trade,
ard the resolutions were adopted.
IMMIGRATION.
Col. w j. Trenholm offered the fol-
lowing resolutions which were adopted:
Rcsolvcd, That this Committee is
sincerely convinced Of the paramount
Importance of foreign immigration into
the South, not only for the sake of its
direct result npon our population and
industry, but for that OF its Indirect
effect in leading to the establishment
Of direct trade.
Rcsolucd, That this Convention
earnestly commend to all the people Of
the State the subject of foreign immi
grafton as one worthy Of their early
and most assiduous attention.
Rcsoivcd, That in order to give effect
to the report of the Committee on I'm
migration the President Of the Convcn
ton, at his leisure and after conference
with Representatives from the various
County Delcuotionc onnoint n norma