n this way a
number of small traders will become small landholders. The Company
will, in fact, be prepared to sustain what appears to be a loss in
taking over the non-transferable property of the poorest emigrants;
for it will thereby induce the free cultivation of tracts of land,
which raises the value of adjacent tracts.

In medium-sized businesses, where goods and organization equal, or
even exceed, in importance, the personal activity of the manager,
whose larger connection is also non-transferable, various forms of
liquidation are possible. Here comes an opportunity for that inner
migration of Christian citizens into positions evacuated by Jews. The
departing Jew will not lose his personal business credit, but will
carry it with him, and make good use of it in a new country to
establish himself. The Jewish Company will open a current bank account
for him. And he can sell the goodwill of his original business, or
hand it over to the control of managers under supervision of the
Company's officials. The managers may rent the business or buy it,
paying for it by instalments. But the Company acts temporarily as
curator for the emigrants, in superintending, through its officers and
lawyers, the administration of their affairs, and seeing to the proper
collection of all payments.

If a Jew cannot sell his business, or entrust it to a proxy or wish to
give up its personal management, he may stay where he is. The Jews who
stay will be none the worse off, for they will be relieved of the
competition of those who leave, and will no longer hear the
Anti-Semitic cry: "Don't buy from Jews!"

If the emigrating business proprietor wishes to carry on his old
business in the new country, he can make his arrangements for it from
the very commencement. An example will best illustrate my meaning. The
firm X carries on a large business in dry goods. The head of the firm
wishes to emigrate. He begins by setting up a branch establishment in
his future place of residence, and sending out samples of his stock.
The first poor settlers will be his first customers; these will be
followed by emigrants of a higher class, who require superior goods. X
then sends out newer goods, and eventually ships his newest. The
branch establishment begins to pay while the principal one is still in
existence, so that X ends by having two paying business-houses. He
sells his original business or hands it over to his Christian
representative to manage, and g