Savannah morning news. [volume] (Savannah) 1868-1887, 1881-12-27

The whereof IL Ts the OutcOmes.fts
objects and It's system OF FL
nance.


Neass: Inasmuch as these five words, Estate
OF Georgia ColonizIng Association" have OF
late appeared in the News frequently. and
expect TO be of essential service to this sec
ton Of the country, 1t is right that they give
some account of themselves in the respects
indicated above This will be done in few
words, The business men OF Savannah
have, within few weeks. had an opportu-
nifty to examine the original constitution
and programme of the American Colonizing
Company, organized in 1918 for the purpose
of trade and commerce between the South
Atlantic States, the West Indies, the west
coast of Africa and the Brazils, with its
principal American depot at Savannah. Port
Royal or Charleston. The company's pro-
gramme was founded upon the obvious
truth that the same system of free trade
should exist between the South and the
countries just named as prevailed between
the Northern States and the west coast
of Europe This policy was not ac-
ceptable to certain monopolists on
the Mississippi, the Savannah and
the Cooper. And so it happened that
a contention arose from the beginning be-
tween those monopolists on the one hand
and the company on the other, which con-
tinued until 1855, when it came to its crisis
| The monopolists carried the day. With the
| aid of the Congress of the United States
they virtually sealed up the West Coast of
| Africa to American commerce, but in doing
so they also sealed their own fate. They
| sowed the storm which a few years later
| brought the whirlwind which left their mo-
nopoly to go where 1t pleased OF course
the company, no more than the monopalists,
| anticipated such an issue to the contention
| Still the course of public events at the South
during the last twenty five years has fully
| indicated the principles and the policy of
the company, which was to settle the land
with masses of working people Their mis-
take was they looked in the wrong direction
for their settlers Such was the policy of
the American Colonizing Company, and
such was IT'S mistake.
Since 1855 Temporal nllttGntltr sure enough
What no human wisdom could foresee then
is now evident to every person who has
given any attention TO the course of public
events in the two sections during these lat
ter years. 1t is manifest that a Wisdom
above that of monopolists and companies
had destined this land for another order of
settlers than those that they had designed
for 1t. 1t was too grand an heritage to be
entrusted to such settlers for rude agricul-
tural purposes. Public events In their en-
clearly indicate that the surplus OF the in
dustrial population of New England are to
be the first settlers of the unoccupied lands
to which the Savannah forms the outlet on
the Atlantic. They are the one people on
the face of the earth competent to develop
the various resources of this rich region,
and it Is the one county on the face of the
earth that meets their wants in sffordipg a
congenial field to their skill and experience.
They mechanics arffGane Of
grades, aud factory people, who would be
lost and useless as farmers anywhere. At
least half million Of the most thoughtful
of those people realize that the future for
them In their present abode is far from en-
couraging, hence they are anxiously look
ing about for more promising fields of use
fulness. To some who have watched care
fully the course OF events in these two sec
tions during all those long years, it seems
that the time has now come when the policy
OF the old company may be carried out under
more happy auspices than attended its for
mer effort. To effect this It's programme
must be changed as determined by the
events in its experience. Its province now
is to afford those surplus workers of New
England correct information and honest, in
telligent direction concerning the true state
OF affairs in this section. For this purpose
its sphere of action must be circumscribed
within given limits and its agencies popu-
larized. Therefore, in the new programme,
the proper name, State Of Georgia, takes
the place of the general term, ''Americap,"
In the old, and the popular term, "Associa-
tion," that of the close Company" and so
| the American Colonizing Company of
| former days becomes the State of Georgia
| ColoniZing Association of the present. And,
l spprehend, sir, that no one will deny that
the State of Georgia Colonizing Association
| comes legitimately by its name. AS the
times change, nos nlstanltr IN Ills we change
| with them Aud the new association
| governed by its cid constitution, but guided
| by its new programme, hopes, not without
reason, to accomplish something towards
| securing the active cooperation of some of
| those surplus hands of New England for
| developing the resources and building up
| the industries of the great State of Georgia.
Iu this connection it may be we'll to OBJ
serve that the programme of the association
includes one industry that is lightly re-
garded just now In Georgia, that is, ship
building. Manufacturing and commerce
| should keep close company with each other.
| The shipyard should go hand in hand with
the factory. Men OF large experience and
sound Judgment In these respects have
always held that on the Savannah could
easily be built up the principal emporium
and exchange upon this continent for the
products OF the West Indies, the
4
| Brazils. For such commerce steamships
big or little are not necessary. Small crafts
| of one hundred tons and less for the West
| India trade, and double-decked vessels
| from three hundred TO four hundred tons
| for Africa and the Brszils are all that
are needed. And unless things are
| changed nightly on the st. Mary's of
late, few gangs of Eastern ship carpenters
| located down there would build such vessels
| cheaper than 1t could be done elsewhere in
| the world. Such vessels with white officers
| and Krouman crews could defy competition
| 10 the above indicated trade. Some people
| think nothing worth while in commerce can
| be accomplished without big steamship,
and nothing In manufacturing without big
mill. But small vessels and small mills
| built up New England, and shrewd observ-
ers OF long experience hold that since the
advent of the big ships and mills 1t has not
| gone so well with the working people there,
| and hence multitudes of them are anxious
to leave the big ships and mills on the first
| opportunity.
It is proper that in this connection the
| State of Georgia ColonizIng Association
make known the plan Of financial co-opera-
ton which it proposes to accept as its
SYSTEM OF FINANCE.
Any organization of the kind is of use
| Just 80 far as it can command adequate
WOThluk CdpItdl W carry Oub lbc uuucTbdh-
| ings. This association has adopted the
Credit Mobilier plan of finance as being
most suitable to its objects. We are well
aware that this system of financiering is
| just now held in grave suspicion by num-
bers of very good people.
But those people know the Credit Mobi-
lier only as 1t appeared in the hands of the
Flouds and the De Moneys of the Old
World, and certain weak souls among our
selves who began 20 cry peccavi the instant
some one thought proper to call them
hard names. Now the career of those par
ties, instead of condemning the Mobilier,
proves that 1t is unequalled by any other
| system known to fnanciers for raising funds
| for legitimate purposes. The best way to
settle this point is to show just exactly what
| the Credit Mobilier was In its origin. II is
an old story now, and every newspaper
reader knows It by heart. Here it Is, sir, as
given some time back In the London Erdnli-
ner: "Some forty or more years ago 10 the
| troubles and uncertain times for France
when the Orleans had just succeeded the
/ elder branch of the house of Bourbon upon
| the French throne, young GreVy, the future
/ President of the Republic, was laborer in
the old WELDON city of Meaux, then as now
/ a great manufacturing centre for the north