Viewing page 61 of 310

This transcription has been completed. Contact us with corrections.

[[left page]]

12 

INCOME

100 bales of cotton, at $100 per bale, is.....................$10,000 00

EXPENSES

Wages and board of laborers; cost of mules, carts, and other agricultural implements; family expenses; ginning, bailing and transportation, same as above..................$4,400 00

Rent of 100 acres at $5 per acre to the owner................ $500 00
Rent of 100 acres at $1 per acre to the company............... 100 00
[[subtotal line]]
600 00
[[total line]]
Total expenses, 5,000 00
[[total line]]
Net profits first year on 100 acres...............$5,000 00

It is thus seen that the annual profits to one settler cultivating one hundred acres would be from $5,000 to $20,000; which would enable him to purchase the plantation, and make all necessary improvements, with buildings, &c., before the expiration of his lease. For these advantages, the company would receive from him only the small sum of $100 per annum. The aggregate annual profits of two thousand settlers cultivating two hundred thousand acres would be from $10,000,000 to $40,000,000; and the receipts of the company for rents would be $200,000 per annum, enabling it to divide among the stockholders four hundred per cent, upon the original investment. 

The articles of organizations (Art. 3, Sect. 1) authorize the Board of Managers from time to time to increase the capital stock as the interest of the company may demand. Should it become necessary to raise a larger sum of money than seventy-five thousand dol-

[[right page]]

13

lars to provide plantations for an additional number of settlers, it will be the policy of the company to obtain it by authorizing a subscription to an additional number of shares, and requiring the payment of ten per cent, rather than call upon the original stockholders for further instalments. The subscribers to these additional shares will of course stand in all respects upon an equality with the original subscribers. 

Another feature of this company is, that auxiliary organizations in each State are provided for; the officers of which, together with the officers of the principal company, constitute the Board of Managers.

Assurances of the approval of the objects of this company have been received from the different executive departments of the Government, including the Bureau of Refugees, Freedmen, &c., and such effective aid in carrying them out as they can lawfully furnish; and nothing remains to secure the complete success of the enterprise but the hearty co-operations of the loyal citizens of the Northern States.

EUGENE [[BRAN?]],

General Subscription Agent, State of Illinois,

Office, No. 17 South Wells Street,

Chicago, Illinois