The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-13
ooLoNIz ALTON SCHEME.
An Effort to Be Made in the Intere
of Russian Jews.

An Effort to Be Made in the Interest
of Russian Jews.
The following circular has been issued by
the Hebrews who are enlisted in the scheme
to COLOMBO the Russian Jews in Georgia. 1t
explains itself
ut is proposed to raise money and to or
ganize a company to buy tract of land
upon which to settle such Russian refugees
as may be found desirable to 80 COLOMBO,
and to build for them such houses as may
be needed. It is intended to buy as large
tract and as near TO Atlanta, or other large
city ia Georgia, as the funds of the com
pany will permit The purpose of settling
these refugees near a large
city is to insure ready market
for dairy, poultry and garden
products, such location ct the same time
permitting supervision by local committees
We do NOT deem it desirable to settle less
than twelve families upon these lands and
as many more as may be deemed expedi-
emit Twelve families, properly selected.
will insure the newcomers against feeling
OF loneliness, and against a desire to move
into the crowded cities. A competent
superintendent and instructor should be
employed TO guide the colonists, and to i'm
struct them how to do, act and work Ia
their new field Of labor This superinten-
dent should himself cultivate small farm,
which would serve as an object lesson to
them.
"The lands bought for the purpose shall
be sold to selected colonists at actual cost
when sold within two years from the date
of the organization of the company herein
proposed. They may be sold on ten years.
credit, no interest to be charged for the
first two years; after that time interest to
be charged at the rate Of 6 per cent. per
annum.
at is not intended that the company to
be organized shall in any sense be a specula-
tive one. but if the capital will permit it ia
the desire to buy more land than is likely to
be needed for Russian refugees, so that the
surplus land may be sold after two years
which it is believed could be done at profit.
The subscribers or stockholders are in no
event to receive more than z per cent. per
annum on their investment. Any surplus
that may remain after the affairs of the
company shall be wound up, and the stock
holders shall have received the subscribed
capital with Z per cent. interest thereon,
shall be paid to such benevolent association
as the stockholders may direct.
"The officers and directors of the COM
pany are to be appointed by the American
committee for ameliorating the condition
of the Russian refugees, or by such COM
ulittee or committees acting by or under
their authority. Such officers and directors
shall serve two years, after which the stock
holders shall elect.
"As has already been stated, this under
taking is not speculative, yet we feel that
attention should be called to the fact that in
no case are the subscribers TO this fund liable
to lose any part of the amount subscribed !;
on the contrary, the land sold to the refugees
will pay first cost, and the surplus lands
which will enhance in value by reason of
improvements made on adjoining lands,
will sell at q sufficient profit to pay z per
cent. interest on the Investment. Conse-
Quently we do not hesitate to call on our
friends in all parts of the country to aid in
this laudable enterprise"