Letter On the Lands of the Illinois Central Railway Company

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Merino sheep are found very profitable. And, in regard to corn farming, if he considers that the average price of wheat in Illinois for the last ten years has been more than half that of England during the same period, whilst land of equal quality can be bought at less than one-thirtieth of the English price, he will see in a moment the immense disproportion between the value of the produce and that of the land in the two countries, and the chances which he thus has of an im- mediate profit bes...ides the farther great probability of such an early rise in the value of the land he buys as will tend to equalize the respective rates of profit in the two countries. The advantages which are offered to this class of purchasers by your credit system are very obvious. A young man cannot enter an arable farm of 300 acres in this country without a capital of nearly 2, 000. Half that sum in Illinois will make him owner of the same extent of land, fenced, ploughed, and all under wheat And if he avails himself of the Company's credit system, little more than 500 will be necessary to start him.

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