The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-03-21
4 Grand Land Preject.

A company has heen formed and incor-
porated in New York called the "Mississip
pi Improvement Company" Circulars are
out in New York. Getting forth the objects,
need and prospects of the corporate n, but
as yet we have not heard of any of them
having been received and circulated in this
city or along the region to be operated on.
The New York Post is the first paper to
call attention To it. The company is
formed "for the purpose OF building and re-
pairing levecs. cuItivating cotton ard other
products and manufacturing from the
same It will ask grant from the United
States OF all the lands owned. by the gov
ernment in the State OF Mississippi If the
Post quotes the circular correctly, this is
very extensive grant, for the United States
owns not only some lands in the Mississip-
pi bottom subject to overflow, but a vast
quantity of pine aud oak lands in South
east Mississippi.
The capital stock OF the company is to
be twenty millions, divided into two hun
dred thousand shares Of ole hundred dol
lars each Each share is TO represent four
acres Of land or not less than eigh, hundred
thousand acres in all Any stakeholder
longing to the company, upon surrender
ing share for four acres and procure a
deed from the company to the extent of the
surrender of stock for any improved land
of the company.
1t is claimed, says the Post, that this
| grant from the government is different
| from an ordinary grant, in that it gives up
something that is worthless a it l., in or
| der th1t Ii may be improved and made val
liable.
| Altogether the scheme is a stupendous
one, and seems to be making Roadway In
New York, while the people of Mississippi
know nothing about it Let it tie ventila-
ted so that the public may know who is in
! it, and at the head of it, and wherein the
public can gain by lt.-New Orleans Times.
A splendid specimen of thunder in the
index We have turned to the act it
self to ascertain what ground there is for
this magnificent promise. 1t is simple
act of Incorporation passed at the in
stance of DR.. H. B. Tibbetts, of New
| York, who was an extensive planter be-
fore the war, and owns large quantity
of Mississippi bottom lands which are
subject to inundation since the destruc-
ton of the levee and who obtained the
| privileges therein named for the purpose
of enabling him and other landholders
similarly situated to reclaim them. The
names Of Gen. West and other public
spirited citizens of the State are used in
the act of Incorporation to encourage the
scheme, without being personally inter
ested. 1t makes no grant; pays no bo-
nus and confers none bat the ordinary
privileges of incorporation. Otherwise
their names would not have been used
nor would it have passed the Legislature,
and received the sanction of the Gov
ernor. Nothing is said in the bill in
reference to a grant of lands by the
United States, nor was such project
mentioned in connection with it whea
the act Of incorporation was applied for.
We presume the statement that it will
task grant from the United States of
all the lands owned by the government
in the State of Mississippi" Is a shrewd
invention of the parties interested to
aise money. The act itself will be
published next week.