, 1881-09-11

business and residence buildings OF llnusua
s;,lcnlDr, and Of MI immense project for the
improvement of Long lslund- This is under
the direction of Mr.. Austin Cori,itt. once of
Iowa, lluw Of New York HIS intention IS to tie
vclop the interior of tho island for farming pur-
| poses. and to establish chain Of sumuaer-rc-
| sorts, hotels. and cottages along both shores Of
the island. MIR: Corbill. VITO controls the Long
! 1sluud Railroad. has raised tho money abrou1
| for his great scheme. The Land Mortgage 1ti-
] ycsisntnt Il Agency Company has been or!sall-
izct! in Great },rituiu llntcr tho Companies acts
from lS:-:: TO 1s inclusive, whereby the iabli-
t. Of Stockholders il limited ~ thu amount OF
their shares. The capital is .lGVo,cU III 100000
shares Of .:l0 each, The first issue is ..OttU, in
1 :,0,sNJ shares Ut E!u each. III the Hoard Of
Directors appear the OF SOME of the most
distinguished capitalists ut Grca1 Britain. corl
! prlsin; Lord George e. Campbell, son of tho
| Duke Ut Argyll, und brother Of tho Marquis
| of lerne, who is Director of tho halfway Pas
sc1l@ers Assurance Company and tho New
! South N..lcS MnrtEa:st. f.:.n 4 Agency Cuul-
lA1y; Lieut--Col. George y. Elliott. Director Of
thu Southwestern HnnN ullu Tic American Free
cr1 far.ah:.r=c.l, ii. r, director Ut the Mort
gage Il Agency Company Of Australasia;
,;corge = Martin. EST, banker, and Director of
tue Queensland i'lscs;1 ;1ncnt i.nnd Mortgage
Company: l:r:n>l'oy NNon Es,].. Director nt tho
I.on.i.ln 4 Provincial hank: Willlam L. Pres
eo'!. Es4, y / X 4. and 19hn ni.k pcad'c y. +;
Investment i Agency Company II New Ztil-
lan.i, ind Director er the Scuttisll- American Ill
ItStt3cnt COMPANY.
Mr.. Corlin'a ,.liirnad has granted to Mr. Cor
1'lu $ landl mortgage company 'cunccssiun,
10y which the latter is guaranteed per cent u
the .u'>s earnings nt the riissaI derived from
freight ar PASSENGERS ,.Hin. cunning trun
amy territory ur rsnp:rty which the company
.lsl purchase, uwr. Or 4mrrovc .unE ttle road.
sti sane .hH.'stJ acres OF unN}r.lvt property
:tlu:l@ the line III THE l.utE Island Ro:.l. Mr..
x',, Jto ~ ho; ~ s. iStHiew w. ss sis,, & y @ IS 10
resorts. and Ia Improve The, interior Tor farming
lElln>tS. fIJth Tho south ~s:tlc anu the tlUrth
>o4' well :.3:'pst]if.: summer houses. i
chain III i1"lcl% and cotLaEcs--at ut the highest
n:':ec-wiit I've stretched Tor the 10 miles,
Ths company start with $'.tT,OU0 as IL feelcr,
IT'S they want. Mr.. Cprhn IS the Magician, u,'lke
touch at whose wana the great ho1cls III Man-
hattn Reach sprung from tho white sltsl, :i'd
ether hotels, piers. and bathing p.viluns fol-
lowed. converting II stretch Ct, ,.trcalv setc0ast
intn priceless boon to the CITY. The Marine
Halfway, costing but IL few thousand tiotl,,rs.
AnG l)nyiny for itself, it Is said Il fortnight
through the sr1Son is Il tribute to nis business
s::saclt: aud foresight. For I'LL this. ennscrv:-
bins Long Island srhcn,c. There are better
and nearer places fttrcn;tl.cs. ho,els. and lar-.
sill unelcvcted, Hrooklyn is moi vet full, an!
green. llnif million dollars will be spent this
taH. amt two luc4ic1ute-szch hotels will lie built.
Florida. like New York and Illinois. has its
Florida. \ good denl has already hcen said
atnut it. bur Il recent number Of tue Thi1a
dolphin itstt:H gives particulars which make its
feasibility SEEM more assured. Tile tract 10 be
drained lies between the twcnty-llinth and
twenty eighth 'lcgrecs Of latitude On the north
aud the extreme southern part Of the State,
ami more than equals the AREA Of the States OF
on1lccticut, Rhode Island, New Jersey, and
Delaware. 1t is prn}"scd TO reclaim THESE
millions of acres. and ,ttk them available for
cultivation. by draining Lake pkscchUbee into
the Atl;l,i1ic t1ce:1l and Gulf OF Mexico through
the medium OF estnliS. Tile surface. Of tho lake
will thus hc lowered several feet. uIlG with the
Assist:ssce of the natural wafer courses and
lateral canals tn l'c constructed. Il vast tr..ut
Of country will he thoroughly drained There
Is an Impression pFetale.lt that the Reason |
50 mtlch OF Florida is oycrtloweu with water is
bccasisc the u11ti is below the level ut the sc.t.
This is :1ot the ease. The entire southern, part
Of the Peninsula Of Florida has Il cor:tiine !
foundation. Around the scaeoast there is Il |
formation siKc the lips of II SANGER. which rre- |
vents tho Writer'S Of the Interior from finding !
their way to the ocean. In addition to draining /
Lake Okccc1oec. it is iuteulcd pierce tho |
Obstructive Sorafinc fur,ntlion with canals ut
various places and thus. III the opinion vi tho |
Projectors. render certain the complete rcctnn,-
ltiur Of the entire oytriiawed SECTION ut the
State. The land that viii be acquired will tc ut
the nlnst fertile kind. 4 steamboat franchise
lts also been acquired by the cnmp91y. which |
will navigate SW miles Of continuous inland wa |
Lers, navigab!c ill the year