"We shall have about one hundred and fifty persons when all are assembled; probably about half of this number will be children. Our school will commence in a few days. We have a charter from the Legislature, one provision of which, inserted by ourselves, is, that we shall never, as a society, contract a debt. We are located in Springfield, La Grange County, Indiana. The nearest post-office is Mongoquinong. We think our location a good one. Our members are seventy-three of them practical farmers, and the rest mechanics, teachers, etc. We shall not commence building our main edifice at present. When our dwelling rooms, now in progress, are completed, and such work-shops as are necessary to accommodate our mechanics, we shall stop building until more capital flows in, either from abroad or from our own labors. It is a pity that the mechanics of the city and farmers of the country could not be united. They would do far better together than separate. We have two of the best physicians in the country in our number." [From the _Harbinger_, July 4, 1846.] "LA GRANGE PHALANX.--This Association has been in operation some two years, and has been incorporated since the first of June, 1845. It commenced on the sure principle of incurring no debts, which it has adhered to, with the exception of some fifteen hundred dollars yet due on its domain. We find in the _True Tocsin_ a statement of the operations of this Association for the last fifteen months, and of its present condition, by Mr. Anderson, its Secretary, from which we make the following extracts: "_Annual Statement of the condition of La Grange Phalanx, on the 1st day of April, 1846._ "Total valuation of the real and personal estate of the Phalanx, including book accounts, due from members and others $19,861.61 Deduct capital stock. $14,668.39 " debts 1,128.82 15,797.21 ---------- Total product for fifteen months previous to the above date $4,064.40 Being a net increase of property on hand (since our settlement on the 1st of January, 1845), of $1,535.63, the balance of the total product above having been consumed (namely, $2,531.72) in the shape of rent, tuition, fuel, food and clothing. The above product forms a dividend to labor of sixty-one cents eight mills per day of ten hours, and to the capital stock four and eleven-twelfths per cent. per annum.