La Réunion, a French Settlement in TexasHammond, William Jackson
History
La Réunion, a French Settlement in Texas
Hammond, William Jackson
French -- Texas; Réunion (Tex.)
The first proposal concerning capital was rather chimerical. As an
hypothesis, the sum of $800,000 was taken as a reasonable amount for the
promotion of the company. With this sum 400,000 or perhaps 300,000 acres
of land were to be bought at the price of twenty-five cents per acre,
and within two years 1200 colonists were to be permanently settled on
this land. In addition the following estimates were made:
Grist and sawmills $ 6,000
Stocks of mechanics’ tools and fixtures 5,000
Stocks of farming and gardening implements, 8,000
including threshing and reaping machines
Horses and wagons for transportation 5,000
Building materials, seed, young fruit trees, 35,000
vines, etc.
2,000 head of cattle 20,000
1,000 horses and breeding mares bought in 16,000
Mexico
Stallions, jacks, rams, mules, sheep, hogs and 20,000
fowls of approved breeds
Cooper’s shop, pottery, brewery, tanner’s yard 15,000
and cheese dairy
Transport, wages and maintenance of colonists 60,000
Sum of expenditure during the first year $190,000
For the second year—Transport of colonists $ 20,000
For their outfit, additional tools and 100,000
implements, the establishment of workshops
and various branches of industry
Making a total for the first two years $310,000[20]
Thus, there would be a balance of $400,000 in the treasury for further
development of the colony. In order to make it easy to raise this money
there were provided four ways in which one could invest, viz., (a)
invest the money and reserve the right to participate in the movement
later as a colonist, (b) to become a colonist, (c) gifts to be paid in
installments, (d) people to act as commercial and colonizing agents.[21]
Such relations in a financial way would determine the status of a
settler after he had arrived at the colony, and, of course, the
settler’s own desire as to his relations with the colony would have some
effect. The financial relations were to be determined by the formation
of the following groups within the colony:
1. Associates in capital and in labor
2. Associates in labor
3. Associates in capital, working of their own accord
4. Workers not associated, salaried by the association
5. Some non-associated, or semi-associated residents working of their
own accord
6. Pensioners, or boarders, orphans, old and infirm, etc.
Only the first two groups were to have a full fellowship, the others
merely held rights in the company and participated in its activities in
a small degree.[22]
Public-domain text, read in full here on John Shaqi.
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