History of American SocialismsNoyes, John Humphrey
History
History of American Socialisms
Noyes, John Humphrey
Communism -- United States; Socialism -- United States
"We learn from Mr. Thornburg's statement that to those who chose
to leave the Phalanx, it was proposed to give thirty-three per
cent. on their investments, which is all they could be entitled
to, in case of a forfeiture of the title to the domain, in which
case all the improvements, buildings, crops in ground, etc.,
would be a total loss to the members. But there is no
depreciation in the stock, when these improvements are
estimated. The rent has been reduced to one-half the former
amount. The proprietor is expected to furnish a large number of
sheep, the profits of which, it is believed, will be nearly or
quite sufficient to pay the rent. At the end of two years,
$30,000 in bonds, mortgages, etc., is to be raised, for which
the Phalanx will receive a fee-simple title to the domain. A
large share of the balance will be invested in stock, and
whatever may remain will be apportioned in payments at two and
a-half per cent. interest, and fixed at a date so remote that no
difficulty will result. There are buildings on the domain
sufficient for the accommodation of forty families, in addition
to a number of rooms suitable for single persons. The movable
property on the domain is at present worth three thousand
dollars.
"In view of all the facts in the case, as set forth by Mr.
Thornburg, we see no reason to dissent from the conclusion which
he unhesitatingly expresses, that the future success of the
Phalanx is certain. We trust that we have not been inspired with
too flattering hopes by the earnestness of our wishes. For we
acknowledge that we have always regarded the magnificent
material resources of this Phalanx with the brightest
anticipations; we have looked to it with confiding trust, for
the commencement of a model Association; and we can not now
permit ourselves to believe that any disastrous circumstance
will prevent the realization of the high hopes which prompted
its founders to engage in their glorious enterprise.
"The causes of difficulty in the Ohio Phalanx, as stated in the
article before us, are as follows: Want of experience; too much
enthusiasm; unproductive members; want of means. These causes
must always produce difficulty and discouragement; and at the
same time, can scarcely be avoided in the commencement of every
attempt at Association.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account