Wichita daily eagle. [volume] (Wichita, Kan.) 1884-1886, 1884-09-13

duce. To buy, or otherwise acquire
and make. provide and carry
on. use and work, railways, tramways,
roads. and other works which may be
deemed expedlent for the purposes of
this company, and to contribute TO the
cost of making. providing, carrying
on and warking the same. To receive
and take money on deposit, at interest
or otherwise, to raise money in such
manner "a the company shall think fit,
aud in particular by the issue OF
bonds and debentures charged upon all
or any of the company's property
Goth present and future) including its
uncalIed capital. To make, accept, en-
dorse and execute promissOry notes,
bills of exchange and other negotiable
instruments. To purchase, or other
wise acquire, and undertake all or any
part of the business, property, tenure
and liabilities of any person or COM
pany carrying OH business which this
Company is authorized to carry ON, or
possessed of property suitable for the
purposes of this Company. To enter
into partnership, or into any arrange
ment for sharing profits, union of in
terests, or cooperation with any per-
son or company carrying on, or about
to carry on, any business which this
Company is authorized to carry on, or
any business or transaction capable Of
being conducted SO as, directly or in
directly, to benefit this Company; or
to take, or otherwise acquire, and
hold, shares, stocks or debentures in
any such Company. To cooperate
with any other company having OBJ
jects wholly or in part similar to those
of this Company. To sell, lease, mort
gage or dispose of the undertaking of
this Company, or any part thereof,
for such consideration as this
Company may think fit; and, in
particular, for shares, debentures or
securieties of any other company hav-
ing objects wholly or in part similar to
those of this company. To invest the
capital of the company for any of the
purposes afresaid, aud in developing
and improving, or adding to the value
of. the lands or other property from
time to time acquired by the company
works as the company may think nec-
essary or expedient for any of the
purpose aforesaid. To acquire by
grant, purchase, or otherwise, conccs-
sions of any rights, property, or
privileges from any government
Estate, territorial or municipal, and
to perform and fulfil the terms and
conditions thereof. To do all such
other things as the company may
think incidental or conducive to the
attainment of any of the above OBJ
jccts, or all Of them, or 10 the CONVEX
sion or disposition of any security or
property held by the company.
Representing, as this company does,
largo ocean aud land transportation
interests, and having, by reason of
their extensive European agencies aud
corporate organizations, unequalled
facilities for selecting, Transporting
and locating the very best class of i'm
migrants from France, Switzerland,
Germany, Norway, Sweden, etc., and
such as, from their previous habits.
education and pursuits, would be best
qualified for settlers in the states
named, it is the desire to submit 10
the owners of lands contiguous to the
Baltimore and Ohio railroad system
propositions looking 40 land pool,
which must aggregate not less than
60, 900 acres, the interest of each TO
depend upon the value Of the acreage
put in. In order that the interests OF
the different parties may be equalize'i
and determined, the lands pooled
shall be surveyed into tracts of
twenty-five acres or more, with refer
ence TO a proper distribution of water.
timber and cultivable lands, and shall
be valued by a dislnterested board OF
appraisers. consisting of not less than
three persons competent in such m IL
tiers, and entirely independent OF.
and uncOnnected with, the Interests
involved, to be nominated by
those joining in this plan, and TIN,
pooled interests of each land Ow,er
shall be based npon this valuation
Certificates of this interest will be is
sued to the several owners in exchange
for the lands, which will be placed in
the hands of a trust company, or trus-
tees mutually selected. So soon Ms the
trustees are in possession of these
lands and can pass title for any tract
that may be sold, the Baltimore and
Ohio immigration company will pro-
coed, with the aid of the foreign EN-
igralion agencies associated with il
and the Baltimore and Ohio Railroad
company, TO secure the most thrifty
and desirable immigrants, and such rs
are best adapted TO the peculiarities of
tied, and transport and locate them
upon such land within reasonable
period and without expense to the
land owners. In order to secure the
best kind of immigrants, provision
will be made for furnishing houses,
tools, cattle, etc, to the immigrants
it settles on said lands. upon reason
able terms, so as TO enable them to |
make good start.
This is a sketch of plan which, is
believed, will readily commend itself |
to favorable consideration. 1t needs |
no argument to show, if carried out,
the great advantages which will result |
to all concerned, particularly to those |
who own large tracts of land no " sub
stantially in the wilderness and diff
cult of disposal at remuncrative rates. |
Under the program proposed such |
lands can be sold, populated and i'm.
proved without trouble or expense to |
their owners other than the appropri- |
alton of twenty-five per cent. Of the
net proceeds, which, it is believed,
would be almost Immediately more
than covered by the enhanced value of
such adjacent tracts as they might re-
serv" for private disposition. The his
tory of settlements in the West and
Northwest shows that where land |
with sufficient resources
have been properly managed, under
well-organized systems, the result al
most invariably has been large profits
and benefits TO all concerned. While
the conditions under which settlement
must be made in the above named
states are essentially different from
those encountered by colonization So
cieties in the West, il is believed that
the proposed plan can be started I'M
der such favorable auspices as will in
sure eyually favorable results.