The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1891-09-18
BARON HIRscH's SCHEME.

A Gigantic Plan, Involving Two Million
Pounds Sterling, Inaugurated by Baron
Hfrsch to Effect the Colonization of
People OF His Race Now Being Driven
From their Homes I'm Russia.
LONDON, Sept 12.-In commenting
on the details of Baron Hirsch's Jewish
colonization scheme, the Times says:
This colossal scheme is the most re-
marlxable of the kind ever launched by
practical men. 1t is impossible, how
ever, not to entertain misgivings as to
its future. The fitness of the Jews for
the proposed career may be doubted,
while If it was worked on large scale
the czar might refuse to let his people
go. Finally, the very magnitude of the
scheme exposes it to innumerable risks.
The scheme. briefly outlined by a
special to the New York Times, takes
the form of limited liability company
called 'sThe Jewish Colonization~ asso-
citation, registered" the Office of which
will be in London It's nominal capital
is e2, 900, ,000s in 10000 shares of e1OO
each. Of these Baron Maurice de Hirsch
subscribes to. 1920. Seven Hebrew
gentlemen are. named in the articles as
owning one share each: Lord Roths-
child, Sir Julian Goldsmid, Ernest John
Cassel, Il. ID. Mocatta and BENJAMIN
Luis Cohen, all of London, and Salmon
Reinach and s. III. Goldschmidt. of
Paris. This leaves three shares unal-
lotted, and doubtless these will be
| offered to representatives of the United
States and Germany.
The objects of the association are as
they have been generally understood;
that is, to assist the emigration of Jews
from countries in Europe and Asia,
where they are subjected to special
taxes and disabilities, to other parts of
the world, and to establish colonies in
North and South America for agricul-
tural and commercial purposes. No
colonies will be attempted in Eu-
rope. The association takes to it
self full rights to carry on
trade, commerce and all industrial
| operations which may facilitate
the objects of the company; to pur-
etc. The whole property of the COM
pany and the income arising from it
are consecrated solely to the work in
view. None of it can ever be taken,
directly or indirectly, as dividend or
bonus.
If, upon the winding up or diSsolu-
tion of the company, any property re-
mains, it is not to be distributed
among the members, but transferred
to some other Jewish institution
with similar objects, to be
used for the benefit of the Jewish COM
munity residing out of Europe and
needing pecuniary aid. In the event of
such dissolution all persons who at the
time hold lands granted them or their
predecessors in title by the company
shall be released from further obliga-
ton of annual or other payments to the
company, and the same is true of those
tc whom advances have been made.
Not more than half of the capital is
to be applied to acquiring property,
buying lands, erecting buildings, etc.
The rest is to be applied to expenses of
transporting and otherwise assisting
emigrants- Moneys not in active use
will be invested in public securities of
| England, France, Belgium, Holland,
Germany or the United States. The
governing body will be a coun-
Gil of administration, consisting of
from three to six men, who
need not necessarily be members of the
company, and who will be elected for
five years These will have no salaries,
but will have their actual expenses.
This council will appoint directors,
three or less in number, who will re-
ceive salaries and who will be required
to have no interest whatever in any
business and devote their whole time to
the work of the company.