The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-05
s.The Texas Freehold Farm and Emf
grafton Union"


The Texas journal Of Commerce publishes
the following prospectus Of q colonial plan de-
vised and inaueurated by o British society
and tndorsed by the railway companies and
landed interests of the State. The company
proposes to relieve the distress prevailing
among the Iaboring classes and tenantry OF
England by providing them with farms and
homes Lii new country:
PROSPECTUS.
Texas Freehold Farm and Emigration
Union, limited, Incorporated under the act Of
Parliament, with capital Of s250. 900, In
$4,000 shares OF Go each, divided Into $4,000
"A shares. and 1000 s'B" shares.
The Increasing distress which ID being
manifested among oil classes Of the popu-
lation OF the United Kingdom, both agrieul-
tural and commercial, is causing many per-
SONS to direct their attention to the desira-
bility Of inaugurating system Of emigra-
ton upon an extended scale, with q view Of
relieving the country from some OF the
miseries which are likely to result from la
Dor market overerowded with thousands OF
laborers for whose services In the confined
area OF the British islands, there appears to
BIZ Ut present no demand.
The various trades unions OF this country
have accumulated funds for the purpose Of
ruinUus strikes that would, il laid out In the
purchase and development OF landed estates
~
Wealthiest corporation IN the world, and at
the same time relieve the labor market at
home OF thousands Of competitors who are
now q burden Oh their fellows.
The company ~ composed Of two classes of
shareholders and designated as class A and
cass b shares. Glass b ls money paid into
the com a1iy ON shares of Eb each as in ordi-
nary companies, and will take their chances for
profits. The ruling idea Oh our scheme, how
ever, consists Of inviting the laboring classes
4Y,E nt thu f,f nhifa
lings and sixpenee per month, and this kind
of stock we call class A. So soon. and as often
as sufficient amount OF stock Hccumulates
from either or both sources to settle num-
Der OF families, fair and equitable drawings
will be made from class A shareholders, and
those drawn to go will have the passage Of
themselves and their Immediate family
paid from their place OF residence or port Ut
einbarkation, according to the circumstances
OF the family, to the lands Of the company,
and there be placed In possession Of the fol-
lowing property: w.
Eighty acres Of good cultivable land with
fence.
A plain cottage house, built Of timber, con-
tanning three rooms below and one above,
with veranda In 'front.'
A well Of water near the house
team OF cattle or horses suitable for
working the land.
sufficient number Of farm tools to cultl-
Provisions to the value OF G10, which, it Is
believed, will be ample until o crop can be
made
Two mich cows and two calves.
An American cooking stove, with cooking
utensils complete
dozen fowls and two pigs and quantity
of fruit trees and grape vines.
All this property will be- furnished under
the supeIintendence Of the cOmpany's resi-
dent director, or legal agent, who will be a
tirst-class practical English farmer, and who
will give all necessary aid and instructions
to enable the initiated how to manage farm.
A credit Of from five to ten years will be
given to each settler to pay for his property,
with no other security than lien upon It,
with interest ct the rate Of seven per cent
per annum. The property will be furnished
per cent added to cover working expenses,
and when paid for Will be a freehold title to
them and their heirs or assigns forever, The
land. stock and passage, will not exceed e2o0,
q family to consist Of two adults
anii four children, or four full tickets; some
will reftuirp mora and aOm9 f1NH.