78 LAND AND LABOR. 



banker, Goldsmidt, of Frankfort on the Main. The 

 New York Tribune, of December 15, 1882, gives a 

 very recent case in the following brief item : 



PUBCHASE OF COTTON LANDS IN ARKANSAS. 



' ; LITTLE ROCK, Ark., Dec. 14. A European company, head- 

 ed by Benjamin Newgas, of Liverpool, has purchased 100,000 

 acres of cotton lands in Arkansas and Chicot Counties." 



A still later mention of similar transactions is found 

 in the following paragraph clipped from the Philadel- 

 phia Ledger, of January 26, 1883 : 



" British capital is finding its way into western and north- 

 western agricultural and stockraising enterprises with a free- 

 dom and a magnitude that certainly imply an unbounded con- 

 fidence in their future. It is not surprising, perhaps, that our 

 Wall street men have had their attention arrested by it, and are 

 disposed to accept it as an indication that John Bull is growing 

 indifferent to western mining undertakings, and is now disposed 

 to put his surplus capital into something that promises to be 

 less elusive. That is the view they take of it at the Mining 

 Exchange, where much importance is attached to a letter in 

 yesterday's Chicago Tribune, from Ogden, Utah, which says: 

 4 Great cattle corporations, like the railroad monopolies East, 

 are busily engaged in filling up all unsettled territory, and 

 rapidly swallowing all the smaller fish in the business.' The 

 same letter adds: 'A. H. Swan, of Swan Bros., has just received 

 (January 22d) a cablegram from parties in Edinburgh, Scotland, 

 who have been negotiating the largest transaction for many 

 years in their trade, requesting him to come immediately, with 

 full power to close the bargain. He will sail next week.' The 

 sale is a transfer of 07,000 head of cattle and a few hundred 

 horses the consideration being ,$2,500,000.? 



These items are merely indicators of what has al- 



