Calhoun Land Company
Colonel Calhoun, a grandson of the statesman, went to Boston and formed a syndicate which purchased a large tract of land on the river, in Chicot County, Arkansas—some ten thousand acres—for cotton-growing. The purpose is to work on a cash basis: buy at first hands, and handle their own product; supply their negro laborers with provisions and necessaries at a trifling profit, say 8 or 10 per cent.; furnish them comfortable quarters, etc., and encourage them to save money and remain on the place.