That its corporate life be for the longest possible term of
years, with the right to renew. That it shall secure and control at
least five thousand acres of land, to more readily enable it to dominate
the township, as the lowest political unit of the republic; and also to
give room for the planting of suitable forests. That its capital stock
be limited to one thousand shares, to be divided equally among five
hundred co-operators, composed of two hundred and fifty couples or
families. That at the end of five years the stock be issued to the
subscribers as paid up stock, by cash from the sinking fund, paid in for
that purpose. That the stock of a retiring member can be sold only to
the treasury of the company, the same to be re-issued to the succeeding
member. That in order to avoid friction with the outside commercial
world, the stockholders collectively shall sell to themselves
individually, at ruling market prices, whatever they may need, the
profits to go as a contribution from all to the insurance fund for the
aged. That the care of the sick and the injured, and the education of
the children, be classed and paid as a legitimate expense of the farm.
That the co-operators collectively, pay to themselves individually, a
wage sufficiently generous to enable them to purchase what they may
desire in the way of furniture, food and clothing; allowing for a
liberal percentage to be devoted to the sinking fund, to pay for the
farm, the stock, and also for the additional land that may be secured as
future farms for the children. That all other details necessary for the
successful carrying out of these plans, be left for a satisfactory
solution, to the practical working and co-operative thinking of the
members of the farm.

"I wish you, Mr. Flagg, as soon as may be convenient, to make a tour of
inspection for the purpose of selecting and purchasing ten of the most
available sites for such farms that you can find. From the ten you shall
choose the one best adapted to the conditions required for the initial
farm.

"After occupation, at the end of five years, these lands are to be sold
to the co-operators, at the purchase price, which, in any event, must
not exceed the sum of ten dollars per acre. Until the deeds are made to
the co-operators, these lands are to be in your custody as sole agent
and director.

"In these matters my daughter, Fern, will aid you in every possible way.
Many times you will find her advice valuable, the