(Seal)
JOSHUA HOGG. ABRAHAM BUSH. JACOBUS BIMBER.
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RECOMMENDATIONS
Your Commissioners being also entrusted with the privilege of making Recommendations, submit the following without prejudice and all pursuants to the contrary notwithstanding.
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.
Your Commissioners further recommend that the same authority be empowered to issue paper money in proportions of 165% to the gold reserve, the right to give high values to pieces of paper having proved in the past of the greatest value to those who have obtained it.
Your Commissioners recommend the building of a stone harbour out to sea without encroaching on the already exiguous dimensions of the land. They propose two piers, each some mile and a half long, and built of Portland rock, an excellent quarry of which is to be discovered on the property of James Barber, Esq., of Maryville, Kent County, Conn. The stone could be brought to Atlantis at the lowest rates by the Wall Schreiner line of floats. In this harbour, if it be sufficiently deepened and its piers set wide enough apart, the navies of the world could be contained, and it would be a standing testimony to the energy of our race, "which maketh the desert to blossom like a rose" (Lev. XXII. 3, 2).