Chambers's Edinburgh Journal, No. 454: Volume 18, New Series, September 11, 1852Various
General
Chambers's Edinburgh Journal, No. 454: Volume 18, New Series, September 11, 1852
Various
Periodicals
Near Green Bay (in the aforesaid Garden of Eden), a small village
suddenly peers out from the woods. The site was chosen by one of those
extraordinary men (educated pioneers), who had silently selected a
position, and established himself as proprietor before any one was
acquainted with his object. Once fixed, the working pioneers, well
aware of the sagacity and ability of their forerunner, begin to drop
in likewise. In a few months, a town is laid out, and a population
makes its appearance. A plank-road is necessary, a charter is
obtained, and a meeting summoned of all interested in the said road.
About a hundred persons attend; the charter is read; and before it can
become a valid instrument, 500 shares must be subscribed for, and one
dollar each paid up. The whole capital required is L.10,000--a sum
which, probably, could not be mustered in cash within a hundred miles.
One citizen believes he can get the 500 dollars from a relative in the
Gennessee Valley. Who, then, is to take stock, and supply the sinews
of war? There is not ten dollars (cash) in the township. Up starts
another, who has credit with a provision-merchant down east, and
offers to supply the workmen with pork, molasses, tea, and sugar, out
of his friend's store; making a speech at the same time. Others
similarly pledged their credit for shoes, soap, clothing, &c. The bulk
of the meeting, consisting of hard-working 'bonnet-lairds,' undertake
to go to work immediately; taking for part-payment the necessaries of
life, and receiving road-stock for the balance. Without a cent of
capital, they began a work which would eventually cost 50,000 dollars,
in full confidence that something would turn up to procure the
wherewithal. The beauty of the matter is, that the project succeeded.
The road has not only quadrupled the value of property all around, but
it bids fair to pay a dividend in five years of 50 per cent. If a
steam-boat is wanted, it is acquired in the same way. Large vessels
have been completely built and equipped, without the owners possessing
one farthing, and they have not only paid for themselves, but have
made handsome fortunes for the lucky and enterprising projectors.
Speculation of this kind, which would be justly deemed dishonourable
in a settled country, is apt to be less rigidly considered in the
pioneers of a new world. What country can attempt to cope with such
energy and enterprise as this? It is frequently a subject of remark,
that men born in England, and educated in the States, are among the
foremost in these enterprising projects.
There are many other facts in these interesting volumes which we
should like to call attention to; but the reader who has accompanied
us through this sketch cannot do better than read the volumes
themselves--only remembering, that the enthusiasm of his guide might
have been considerably moderated had he been an emigrant instead of a
gentleman traveller.
FOOTNOTES:
Public-domain text, read in full here on John Shaqi.
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