estimate not very wide of the mark:

I2.692. 900
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 Showing, according to our estimate, near y thirteen millions acres, or twenty ibou- sand square miles of land, in the aluyial re- zion of the lower Mississippi \ consid- erable portion of this vast region, perhaps more than one half Of #, is annually inun- dated, and only very small portion escapes at the highest flood.

 We shall not now pause to inquire by what means this aluvfll country can be protected from inundaiony but assume that 1t can be done, if the requisite capital and science, and the concert of the parties con- cerned, be brought 10 the enterprise. To effect this we submit the following scheme:

 !. 4 company to be incorporated by all the States and Territories, al least by Lou isana and Mississippi.

 3. The capital of the company to he twenty-five millions, in shares of Sl00 each-a preference of twelve months in subscribing to be given to the landholders Tn the alluvial region, to the amount of two dollars per acre-one dollar on ,he share to be paid at the lime of subscribing, and the residue payable when demanded by the company.

 3. The company to be authorized to hold lands in the aluvial region, by purchase or donation from the government, or private. persons, and to sell the same.

 4. The company to have power to re- claim the allnyial region, by dykes and drains, or any other means-and to con struet canals and open the navigation of streams therein, and to exact tolls for the navigation thereof

 ,. To collect dues from landholders. in the alluvial region, who may not be stock holders, for the reclamation and protection of their lands such dues to be assessed bv commissioners, under general and equitable rules.

 6. The charter to be perpetual, but the States 10 have the power of purchase. at specified periods and rates.

 We have sketched the general features oi the scheme, and need not go into details. ne object to be accomplished is one of vast magnitude and unequaled importance. It Will reclaim from a wilderness state now untrocden by human foot, millions of acres of land of unsurpassed fertility, and adap1ed 10 the production of the most valuable sta pies-cotton, indigo, sugar and rice. II VIII remove many causes of diseases that now exist in the valley of the Mississippi.