Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1884-09-23

son or company carrying on any
business which this Company is au-
thorized to carry on, or possessed of
property suitable for the purposes of
this Company. To enter into partner
ship, or into any arrangement for
sharing profits, union of interests, or
cooperation with any person or COM
pany 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 hentit 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 objects
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 Com
pany may think tit; and, in parttcu-
lar, for shares, debentures or secure
ties of any other company having OBJ
jects wholly or inpart similar to those
of this Company. To invest tue
capital of the Company for any of
the purposes aforesaid, and in devel-
oping and improving, or adding to the
value of, the lands or other property
from time to time acquired by tho
Company, and to omake, maintain and
use such works as the Company may
think necessary or expedient for any
of the purposes aforesaid. TO acquire
ny grant, purchase, or otherwise,
concessions 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 tho
attainment of any of the above objects
or all of them, or to the conversion or
disposition of any security or prop
erty held by the Company.
Representing, us this Company
does, large ocean and land transpor-
tation interests, and having by reason
of their extensive European agencies
and corporate organizations, unequall.
ed facilities for selecting, transport
ing and locating the very best class
of immigrants from France, Switzer-
land, Germany, Norway, Sweden,
etc., and suchas, from their previous
habits, education and pursuits, would
be best qualified for settlers in the
States named, it is the desire to sub
nit to the owners of lands contiguous
to the Baltimore and Ohio Railroad
system propositions looking to aland
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 thefdi ifferanf parties may
he equalized and dete the
g9tetl 81 q = d. ialtt -
tracts of twenty-five acres 81 moro,
with reference to a proper dtstrfbu-
ton of water, timber and cultiEable
lands, and shall be valued by dis
interested board of appraisers, con-
sisting of not less than three persons
competent In such matters, and en-
tirely independent of, and unconnect-
cd with, the interests involved, to be
nominated by those joining in this
plan, and the pooled interests of each
landowner shall be based upon this
valuation. Certificates of this In
tcrcst will be issued to the several
owners in exchange for tho lands.
which will be placed in the hands OF
q Trust Company, or trustees mutual-
| ly selected. So soon as the trustees
are in possession of these lands and
can pass the title for any tract that
may be sold, the Baltimore and Ohio
immigration Company will proceed,
with the aid of the foreign emigration
agencies associated with it and the
Baltimore and Ohio Railroad Com
pany, to secure the most thrifty and
desirable immigrants, and such as are
best adapted to the peculiarties of
climate aud soil of the tracts to be
settled, and transport and locate them
upon such lands within reasonable
period and without expense to tho
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 10 enable them to
make good start.
This is n sketch of plan which,
it is believed, will readily commend
itself to favorable consideration. 1t
needs no argument to show, if car
ried out, the great advantages which
will result to all concerned, particu-
larly to those who own large tracts of
land now substantially in the wilder
ness and difficult of disposal at re-
munerative prices. Under the pro-
gram proposed such lands can be
sold, populated and improved with
out trouble or expense to theirowners
other than the appropriation of rs per
cent. of the net proceeds, which, it
is believed, would be almost immedi-
ateIy more than covered by the en-
HANGED value of such adjacent tracts
as they might reserve for. or.private
disposition. The history of settle
ments in the West and Northwest
shows that where land companies
with sufficient resources have been
properly managed, under well-or-
/ 6ored aT-stams the rpsult almost in.