New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-12
smnn Farms ON Long Credit.

lfroM IDe fldOIeI5 DduueTsl j..
The plan which we have so often referred
to in the Banner, in relation to Capitalists
furnishing small farms for landless families
on long credit, appears to meet with much
favor.
The Germans of New Orleans are discuss
ing the feasibility of the scheme. The Ger
mans are shrewd and far-seeing people.
Colonel j. b. Price is stirring up an interest
among the capitalists of New Orleans on
this subject He thinks this road, for the
people of Louisiana and the South, is the
straightest way ont of the wilderness. 1t is
an old and pet scheme of his. DR.. Taylor,
of St. Landry, one of the most intelligent
gentlemen and heaviest landholders of that
parish, cordially and without reserve in
dorses the plan. He would have built up a
colony OF fifty families in 1866, had he
been able to obtain the capital to put up the
cottages and fences.
1t will be well to keep this plan fresh in
the minds of the people, though we may
have to repeat what we have published
before. The people should become familiar
with it.
Let an individual or a company purchase
several thousand acres of land, eligibly stu
ated, and which can be cut up and con-
verified INTO nice farms, of from fifty to one
hundred acres EACH
Let it be situated where lands and lumber
are cheap, the health unquestionable, and
the market cOnvenlences good.
Build a saw mill and saw lumber to order
for cottages, outbuildings and fences.
Fit up farm of hundred acres with
house, corn crib, shelter for horses and cows,
fences, ETC., and sell to an honest and in
dustriOus family on "a ten years credit-ten
equal yearly payments.
AS fast as new contracts are made, fit up
other farms in like manner, and sell on
like credit of ten years.
What dif+arapaQ dnoe ~ oil 10
talist whether he gives credit of five, ten
or twenty years, II he receives yearly and
satisfactory interest ON his money?
1t is believed that purchasers can be
found for ten thousand such farms, and
that good farmers will pay out and own
their farms in five years.
These prairies could be filed with such
families from Alabama, Georgia, Tennessee,
North and South Carolina and Virginia.
Multitudes could be found in this State
who would like to contract at once for such
farms on these terms.
If the title to the land is good, where
and how can the capitalist possibly lose
money! 1T he makes mistake, and places
on his lands a shiftless family who viii not
make the yearly payments. he can eject
such family, by rights reserved in the con-
tract, and put more worthy family in their
place.
As soon as a few colonies are started along
the Teche and In the Au Large, yearly sup
plies of coal would be brought to this coun-
try, and put down at their landings at from
fifty to seyenty-fve cents barrel, and the
farmers on the prairies would need but little
wood.
And suppose capitalist TO start colony
of fifty or a hundred families, how easy it
would be for him, from his yearly income
and credit to start other colonies on the
same plan, and become benevolent nabob,
Increasing his riches, and at the same time
enjoying the blessings of the poor for whom
he has secured homes!
Such a man in thirty years could possess
the riches and honor Of Job, or an Abra-
ham, and posterity would ''rise up and call
him blessed"