Freehold Land Societies: Their History, Present Position, and Claims — John Shaqi
Freehold Land Societies: Their History, Present Position, and ClaimsRitchie, J. Ewing (James Ewing)
History
Freehold Land Societies: Their History, Present Position, and Claims
Ritchie, J. Ewing (James Ewing)
Savings and loan associations -- Great Britain
plan of general union and co-operation amongst the various societies.
Delegates from all parts of the country were present. In Birmingham it
appeared £13,000 had been subscribed and four estates purchased, two
thousand five hundred shares being taken up by one thousand eight hundred
subscribers. Wolverhampton, Leicester, Stourbridge, had all co-operated
zealously in the movement. Nor was the metropolis behind. The National
had started with seven hundred and fifty members subscribing for one
thousand five hundred shares, and already had £1,900 paid up. In
Marylebone eight hundred shares had been taken since the previous July.
This conference was attended by Messrs. Cobden, Bright, G. Thompson,
Scholefield, Bass, and Sir Joshua Walmsley. This conference, of course,
attracted the notice of the press. The coldly, critical _Spectator_
termed it a “middle-class movement.” _Tait_ so far forgot himself as to
characterise it as “political swindling.” The _Times_ said the
working-classes were being deluded by it. For once the _Standard_ agreed
with the _Times_ and said ditto. However the conference did its work,
and started the _Freeholder_, which appeared on the 1st of January, 1850.
A second conference was held at Birmingham in November, 1850. The
report, as usual, was encouraging. Eighty societies, many of them with
branches, were reported as existing. The number of members was thirty
thousand subscribing for forty thousand shares. The amount of paid-up
contributions was £170,000. A third conference was held in London in
November, 1851. The report then stated there were one hundred societies
with forty-five thousand members subscribing for sixty-five thousand
shares. One hundred and fifty estates had been purchased, twelve
thousand allotments made, £400,000 had actually been received, and two
millions of pounds sterling was actually being subscribed for. At the
fourth conference, held in 1852, it appeared still greater progress had
been made. One hundred and thirty societies, with eighty-five thousand
members subscribing for a hundred and twenty thousand shares, were in
existence, three hundred and ten estates had been purchased, nineteen
thousand five hundred allotments had been made, and £790,000 had been
received. Estimating the shares at the average of £30 per share, the
total amount subscribed for was three millions six hundred thousand
pounds. Such, then, is the movement at the present time. It has been
obscured by no cloud. Its progress has been unchecked. No
disappointment has retarded its onward way. Forward to victory has been
its march. All classes and sects have railed round it. For churchmen
there exists a Church of England Society. The Conservatives have formed
a large and flourishing society for the manufacture of Conservative
votes. The movement sneered at, derided, misrepresented, declared
unconstitutional, a swindle like a celebrated land scheme popular with
Public-domain text, read in full here on John Shaqi.
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