The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-01-09
THE EXCHANGE
OBSERVATION-DISCLOSURES

a Massachusetts Gentleman
PROPOSES 10 Purchase $4,000
Acres of La7fd--His Plan for
Locating a Colony.
Col. ]. B. Killebrew, Commissioner
Of the Bureau of Agriculture, Statis>
tics and Mines, has received a letter
from Charles Stearns, No. 7 Bowe
street, Highlands, Boston, Mass, from
which We extract the following:
A few evenings ago, I held a pubs
Tic meeting in Lowell, Mass, on the
IL iect of emigration, at the close of
which >ciety was formed and an in
vitation given TO those who wished to
Join colony to locate in Tennessee or
North Carolina. and one hundred per-
sons came forward and signed their
names to a paper to that effect. If l
had the means to go to every large
town in New England, and hold a
meeting, have no doubt that colo
nv Of one thousand men, mostly with
families, could be organized, ready to
start by the first of February, viii h
would be in season to put IN crop,
as understand, giving them two
months to clear the ground, so as to
plant by the first Of April, which Is,
! suppose, the usual planting time on
the "table-land x x 4 X Northern
capitalists have no sympathy for the
working classes, only so far as they
can use them to build up their own
interests The two classes are as much
opposed to each other as the blacks
and whites were at the South. This L
regret, for the two classes should work
together, and / seek to unite them.
The workingmen are shy of every ems
terprise iuaugurated by the rich, and
prefer Independent. starvation to de-
pendent prosperity. Our movement
IS real workingman's movement.
Not a single rich man is engaged in 1t.
spent nine months in trying to get
rich parties to take hold Of it, but
when they concluded TO do so it was
On such terms AS displeased MY clients,
the workinginen, and | had to begin
again. Ny plan now is to find work
ingmeu, with enough money to paw
800 each, for share Of our stock,
they TO own the stock and reap all the
advantages from its sale, that the rich
men would reap if they furnished the
money This would enable us TO pay
$4,000 down on the land, and leave
us $1,000 TO put up reception build
ings, etc. on the town site and detray
other necessary expenses. We shall
then secure 500 other colonists, who
will pay $40 year, or $4,000 on
their land and lots, at the end of each
wear, which will enable US to meet
the annual payments as they become
due, and have something to defray our
running expenses, provided we can
obtain the land we want on ten years
time, or by paying $1,000 year. l
have received letters from parties own
ing land IN Fentress and Cumberland
counties. who are anxious To sell it,
hut say hothing about their terms.
One of them is Mr. Powell, from New
York State, who has $4,000 acres In
Cumberland county, superior, he says,
10 the Scott and Fentress county
lands. The other is Mr. Hungerford,
of New York State. | suppose they
are willing to sell on our terms-one
tenth down and balance one tenth per
annum, until all is paid for, with in
terest at 81 low rate. The first pay
inent Will be one-tenth down. This
will be for the fist year. The second
war, payment as soon asa CropiS sold,
which will be early in the fall. The
third year the same, snd so on until
hv a large sale of lots we could antic
ipate the payments, and meet them
all in few years, thus saving the inter
est. We anticipate the profit on the
town lots will he very great, as we in
tend not only an agricultural, but q
manufacturing colony, which will Gre
ate a demand for town lots, and are
willing to divide this profit with the
present OWNERS of the land, if they wish
giving them as many shares as they
will take in payment of the land. But
we do not ask them to do this, unless
they deem it to their interest to do so.
The parties in Lowell have sent to me
for typographical map Of that por>
ton of Tennessee. General DraYton,
of North Carolina, is very anxious to
have our colony come to North Caro-
lima, but l like the liable lands" Of
Tennessee the best, and if we can get
what we want, shall have a colony go
out there.