As to the _land_: your Commissioners recommend that it should be
held by the State in conformity with those principles which are gaining
a complete ascendancy among the Leading Nations of the Earth. This might
then be let out at its full value to private individuals who would make
what they could of it, leaving the Economic Rent to the community. For
the individual did not make the land, but the State did.
This power of letting the land should, they recommend, be left in the
hands of a _Chartered Company_. Your Commissioners will provide
the names of certain reputable and wealthy citizens who will be glad to
undertake the duty of forming and directing this company, and who will act
on the principle of unsalaried public service by the upper classes, which
is the chief characteristic of our civilization. I. Jacobs, Esq., and Z.
Lewis, Esq. (to be directors of the proposed Chartered Company) have
already volunteered in this matter.
Your Commissioners recommend that the Chartered Company should be granted
the right to strike coins of copper, nickel, silver and gold, the first
three to be issued at three times eight times and twice the value of
the metals respectively, the said currency to be on a gold basis and
mono-metallic and not to exceed the amount of $100 _per capita_.
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