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motives on the part of those who embark in it: first, patriotism; and second, hope of pecuniary advantage.

It is unnecessary to say any thing in relation to the first. It presents itself to the mind at once with such force that none can fail to appreciate it. 

As to the motive arising from the hope of pecuniary advantage, it is proper to point out in general terms the plan of operations which the company propose, and the results which are expected to flow from it.

Whenever the company shall realize sufficient funds for the purpose, either as the result of the first instalment paid in upon stock subscriptions, or of contributions from those who desire only to avail themselves of emigrating advantages proposed by the company, the Executive Committee will, through the instrumentality of suitable agents employed for that purpose, procure from the owners leases of such number of desirable plantations as shall be require to supply every person who shall desire to emigrate to and settle upon such plantations, with a reasonable quality of land, which in most cases it is suppose will be about one hundred acres to each settler. These leases to be made to some proper officer or other person in trust for the use of the company, for a period of from three to twenty years, at an annual rent of from two to five dollars an acre, for cotton plantations in a state of cultivation ready for a crop, and a corresponding sum for sugar, rice, or tobacco plantations, or those adapted to other uses, and whenever practicable, the lease to be accompanied with a right to purchase. The Executive Committee would then cause a lease to be executed by the trustee to the settler, for such length of time as

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its own lease runs, and assigning to the lease its rights of purchase, fixing the amount of annual rent to be paid by the settler to the company at a small sum larger than the amount paid to the owner. This increased sum would be for the purpose of reimbursing to the company its original outlay, and paying to the stockholders, in the form of dividend, interest upon their investment; which increased sum would be perhads one dollar per acre, or such other sum as the Executive Committee should consider reasonable, and as might be agreed upon with the settler. 

Supposing ten thousand shares to be subscribed, five thousand by one thousand persons desiring to emigrate, and five thousand by persons not wishing to emigrate, and the first instalment of five dollars paid in upon each share, the amount would be fifty thousand dollars. And supposing one thousand other persons should desire to avail themselves of the emigrating advantages alone without becoming stockholders, and for that purpose should pay in twenty-five dollars each, it would give to the company the additional sum of twenty-five thousand dollar; making a total sum of seventy-five thousand dollars with which to secure plantations for two thousand settlers, and to furnish such aid to them as the company might be able. If the plantations averaged one hundred acres each, it would amount to two hundred thousand acres, to be procured in the different Southern States, which it would be desirable to have located in such a manner that from fifty to one hundred settlers should be united in the same locality, thereby securing mutual protection, and the benefits of schools and religious worship.