Household words, No. 22, August 24, 1850 : $b A weekly journal
General
Household words, No. 22, August 24, 1850 : $b A weekly journal
English literature -- Periodicals
FAMILY COLONISATION LOAN SOCIETY.
If on any Saturday you should chance to find your way to Charlton
Crescent, an obscure thoroughfare lying between the road from Islington
to Holloway and the New River, not far from the Angel, you will see
several men and women dropping into a small house, the parlour window of
which contains a printed bill with the above words. The callers are
chiefly of the decent mechanic class, and not a few travellers from the
country,—pilgrims in search of truth about emigration. Saturday is the
day on which the subscriptions of emigrants desiring to avail themselves
of the Family Colonisation Loan Society are received.
And what is the Colonisation Loan Society? The question is worth asking.
It is an association—devised by Mrs. Chisholm, and to be speedily
carried out extensively with the aid of several philanthropists, and the
advice of two eminent actuaries—for establishing a self-supporting
system of emigration, for assisting industrious people, and for
promoting practically the spread of sound moral principles in a much
neglected colony.
Persons desirous of emigrating form themselves into “groups,” after
being mutually satisfied of their respective suitability and
respectability. Each intending emigrant pays, either in one sum or by
weekly instalments, as much as will amount to half the passage money to
Australia. The philanthropists of the society lend the other half to be
repaid by four annual instalments,—each family becoming jointly bound
for the sums lent to each member of that family, and each group being
publicly pledged to assist in enforcing punctual repayments.
The details for securing repayment of the loans have been arranged by
Mrs. Chisholm, and are the result of her large practical experience.
Each emigrant, when he has paid back his loan, will have the privilege
of nominating a relation or friend to be assisted in emigrating with the
same amount of money. Thus, the original charitable fund will work in a
circle of colonisation, at the mere sacrifice of annual interest. That
emigrants among the humble classes are willing to remit for the purpose
of assisting their friends and relations to follow them, is proved by
the fact that, within the last three years, upwards of one million
sterling has been remitted by the Irish emigrants from the United States
alone, in small sums, to pay the passage of parents, brothers, sisters,
wives, or sweethearts in Ireland. Australia, in proportion to its
population, affords even greater opportunities of earning money wages
than the United States.
Public-domain text, read in full here on John Shaqi.
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