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Updated: June 24, 2025
Now that cotton grown on the Red River has been acknowledged to be the best in the States, speculators have settled upon both sides of it as far as two hundred miles above Lost Prairie; but at the time that Finn made his excursion, the country was a wilderness of horrible morasses, where the alligators basked unmolested.
I thought it was owned by land speculators who did not live there, nor wish to live there, but instead I found every one I met had built a home and was cultivating the land. We gave each land company a turn at me, and we had to admire orange groves and pineapples, grapefruit and coffee until we cried for help. With all this was the most romantic history of the island before the "gringos" came.
Legal claims might be transferred to a third person by sale, exchange, or donation; but to prevent speculators from purchasing debts at low prices, it was ordered that the assignee should not be entitled to exact from the debtor more than he himself had paid to acquire the debt, with interest, a wise and just regulation.
The general upset of 1830 brought to birth, as everybody knows, a number of old ideas which clever speculators tried to pass off in new bodies. After 1830 ideas became property. A writer, too wise to publish his writings, once remarked that "more ideas are stolen than pocket-handkerchiefs."
Accordingly, let any one read the late exposures of the methods in which business is transacted among the Glasgow banks, the London discount-houses, and the speculators of the French Bourse, and he will see at a glance that we Americans have no right to assume and ought not to be charged with the entire responsibility of this stupendous syncope.
But a month was a long time to wait, and it was rumoured that a number of speculators were on their way from Sydney to offer a large sum for the land, as soon as it should be put up to auction. It was, therefore, necessary to take immediate action.
For, till the country was surveyed, nothing could be done in the way of agriculture; and, even after the surveys were completed, owing to a regulation that those whose grants exceeded a square mile should be allowed the first choice, all the sections nearest to the town were obtained by officials and wealthy speculators, who had no intention of using them.
Piccadilly; letters from beggars, impostors, monomaniacs, speculators, jobbers, all food for the waste-basket. From the correspondence thus winnowed, Mr. Egerton first selected those on business, which he put methodically together in one division of his pocket-book; and secondly, those of a private nature, which he as carefully put into another.
An enterprising Hoosier soon established a brick-plant. A geologist Hale's predecessor in Lonesome Cove made the Gap his headquarters, and one by one the vanguard of engineers, surveyors, speculators and coalmen drifted in. The wings of progress began to sprout, but the new town-constable soon tendered his resignation with informality and violence.
The results are therefore only the remains which have escaped the lust of gold, the fury of fanaticism, and the greed of speculators in this ransacked spot.
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