[12] We would recommend investment in new lands as incomparably
superior to investments in savings’ banks, as affording far better
security and higher profits, and would urge those who have money in
savings’ banks to withdraw it, and purchase shares in the Scots New
Zealand Land Company. The effect of a proper system of colonization and
the exclusion of bad subjects, has been recently exemplified in Russia.
A number of working small capitalists, solicited and received the grant
of a desolate hilly portion of country from the Emperor. They divided
this into portions of about 60 acres of tillage land, with a suitable
portion of hill pasture to each family, allowing no one to enter the
community, unless he possessed a certain capital, and totally excluding
lawyers and priests. The success has been great beyond all precedent.
No quarrels, high morality, industry, economy,--the country cultivated
like a garden,--plenty to all.
[13] Certificates are forthcoming and favourable in proportion to the
worthlessness of the subject. The friends are active in procuring the
necessary certificates of character to those they are ashamed of, and
wish at the antipodes.