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product of their labor, and that this employer supply each and every one of them with two suits of clothes and two pairs of shoes for this year, and one ration of meat and bread and sugar and coffee a day; the ration to be the same in quantity as the Army Ration.

The laborer will have, at the end of the year One bale of Cotton, or One Hundred and Twenty Five Dollars in gold, and a year's supply of provisions. I am confident that employment can be found in the States already referred to for one or two hundred thousand laborers upon these terms. The amount that the laborer receives will be one half of the nett proceeds of his labor, as near as it can be estimated which is fair and full compensation in all communities and under all circumstances of trade.  My estimate of the quantity of cotton that will be his portion at the end of the year is based upon the shortest crops. 
If action is taken in execution of these views, it is very important that it should be incouraged at once, or the season will be too far advanced for a crop for this year.
Some further details should be agreed upon in the execution of this or any other plan for the greater security of the employers and the employee. This I would suggest might be done by a board composed of