Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-07-13

r.. D. N1OrGOH'S AHHphAcGs
We have received pamphlet, by Mr.;
jeremiah Morton, invoking the attention OF
our people, both debtors and creditors, to the
advantages to be derived by both, from the
scheme of the Orange, Alexandria and Manas-
sas Railroad, for the purchase Of surplus lands
along the line of their road, and the ttl:ng of
immigrants thereon.
Under an act of the Legislature, passed at
its last session, that Company has the right to
acquire 100000 acres of laud lying along the
Railroad, at one or many points, In large or
small bodies, as it may prefer But to give all
portions of the country through which the
Road passes, an equal participation In the ben
Gift of the scheme, it proposes to buy, at the
different stations in each county, as much land
as it can at reasonable rates.
1t does not offer money for the land, and
this, at first glance, might incline land holders
TO reject any proposition for a purchase by the
Company; but instead Of money, it proposes to
rangemcnt between debtor and creditor, can
be used by the former In settling his indebted
ness to the latter, and to the latter will prove
a much more profitable investment than any
security on real estate, since the coupons will
will be cashcd as soon as due, that Is every six
months, on presentation at the office OF the
Company: and the bonds, should he determine
to- SELL arc convertible at once into cash, aud
he would certainly realize from the sale Il arg
cr percentage on his debts than he could by
selling his debtors lands on any terms, whether
cash or credit.
The Company is a strong and prosperous
one and its resources arc extending and IN
crc;sing every year, and its ability to meet all
its Obligations these bonds included, can scarce
" be doubted or questioned This ability is
! t,, or tbp
try, in New York, in lhiladc phia and Balti-
more. There is certainly nothing in this scheme
to impair or destroy it.
The Company, though buyer is not a spccu-
ator in lands. It proposes to sell them to
thrifty, industrious immigrants, without any
profit, and the sole advantage it proposes to
itself, is from the increased ircights and travel
which the settling and cultivation of the idle
lands along the road would occasion. In pay
ncnt of these lands it proposes to receive these
bonds from the immigrants, amt not to demand
money at all from them, though the lnlm-
grants, OF course, have the option of paying IN
money If they choose.
This idea would cause Il demand for these
bonds in exact proportion to the number and
necessities OF the immigrants whc would buy
them until they reached par value, in prefer
cncc to paying money for the lands purchased
of the Company. This demand would always
keep the value of the bonds increasing, which
Increase would benefit the parties holding them,
as Il matter OF course.
We would recommend to all debtors having
lands on or near the railroad, to confer with
their creditors at oucc--inducc them, if posi-
bic, to consent to receive these bonds in pay
ment of their claims, and then let them sell at
once to the company They will get better
prices and be able to pay much larger pro-
portion of their debts Wo recommend the
creditors to agree with their debtors, as by so
doing they can realize more money in less time
than by selling according to law, every foot OF
land on which they hold liens.
We propose next week to demonstrate more
in detail,
l. The benefit to accrue to the debtor by
selling his lands to the company. ~ .@e.
,. Those to he derived by the creditor from
such sales .s.s
3. The advantages to the country generally
and to the company.-Chlpepcr Observer.
WALTER SCoTT AND BURNs.-I do not
think the following verses have ever been pub
liShcd they were given to me many years ago.
by son Of Sir Walter Scott's valued friend,
Mr. Robert Shortrede, OF Jedburgh, with the
following account Of the circumstances under
which they were written
Rlr SnOrCreue went QUO Gay lntO HIS SllIlDS-
room, where Sir Walter was waiting for him,
and found Sir Walter with volume of Burns
in his hand, reading the letter which contained
the famous lines of Bruce's address to his men
before Bannockburn. As he closed the volume,
Sir Walter said: II always thought that the
opening of those beautiful lines, as you read
them by themselves, was too abrupt and that
if Burns had not sent them in a letter to
friend, he would have introduced them with
some sort OF description OF the scene, or of the
circumstances under which they were spoken. =
Mr. Shortrede at first questioned the sound
ness of this criticism, but after some discussion,
asked what kind of introduction his friend
would have? Sir Walter rejoined why,
something of this kind, and taking pencil.
wrote on the fly leaf Of the volume Of Burns
the following lines = .n4..o.
'By Bannockburn proud Edward lay;
The Scots they we're ma far away,
Just waiting for the break 0 day,
TO show them which were best. :.,
1.-The sun rose Ger the purple heath, ,
And lighted up the field of death;
When Bruce wi soui-inspiring breath
His soldiers thus addrest =
Scots wha hae wi Wallace bled, &c.
H. BARTLE G. FRERE.
-.MacnuNnn's Magazine. .:..
AN EXTENSIVE WHEAT FIELr. The Stock
ton tCal. Independent, of June "A, says: On