The Birmingham age-herald., 1909-09-26

dends on preferred stock. First mort gage bonds per cent. secured by land, improvements and all the assets of the company will be offered to investors.
 The capital of the company will be S5oO0,0o0, divided equally between common and preferred stock, but it is expected to make start on 1000 acres of land and test the Idea before going further. This will require s100,0OO.
 The cost of the 100O-acre tract, of get ting the organization in smooth running order. of preparing the land, building the cottages and buildings, together with the seeds, implements, supplies and mules, and of advancing supplies to colonists for part of two years has all been care- fully computed. The office expenses, and the cost of the incidentals such as taxes, etc., have been anticipated, and 1t is estimated that the amount mentioned Gl60, ,000) will safely take care of every thing until the returns from the crops begin to come in
 The income to be derived will be from the rent of the farms, the commissions on supplies furnished, and the handling and marketing of the products of the farms. Estimated on basis of 50 fam flies there should be, at least, a gross income of $12,25O. The running expenses, consisting of the managers salaries both local and at the selling end, and inciden- tai costs should not be over S675O, which should leave a net return of s55O0 with which to pay interest on the bonds.
 These figures are based on 50 families, occupying only about half the land.
 pT. Van Eeden has already investi gated a large number of applicants, and out of 15O families applying. 1t is be- lieved that more than 50 will be found up to the standard. These families are all Dutch.
 The land it is proposed to settle first is in Fender county, North Carolina, on the Atlantic Coast Line railroad, about 30 miles north of Wilmington. An op- tion has been obtained on 10,000 acres, though one tract of about 1000 acres will be utilized for the proposed colony. The government and other reports on the soil of this section show 1t to be of the finest character. The rainfall is plenti- ful and evently distributed through the year.
 Transportation facilities are excellent, and the farmers being able to market produce from this section much earlier than northern growers, the prices ob- tained are among the highest. The fea- ture that the company will emphasize will be the cooperative marketing and distribution of the products. That such a COlOny SnOuIu succeed IS to a large eX- tent guaranteed by what already has been done by individuals in this same section and on the same types of soil. Within a few miles of the proposed Dutch colony of Lioba Is the thriving Italian colony of St. Helena.
 The success of the new company de- pends on competent farmers, good land and climate, market facilities, able and honest management, and the necessary capital to purchase the land and build houses, store, an assembly hall, and to carry the enterprise until after the first crop has been marketed. The architec- tural features of the houses and the at tractiveness of the surroundings will re- ceive careful attention
 Dr. Van Eeden expects to live in the colony and to utilize the great amount of experience he has had fin cooper ative work by instructing the colonsts in cooperative methods and aiding the management in every way possible to make a success of the movement.