Land Plan
| Fate | Wound up by Act of Parliament |
|---|---|
| Successor | Court of Chancery |
| Founded | provisionally 1846 |
| Defunct | 1851 |
| Headquarters | London |
|
Key people
|
Feargus O'Connor |
The National Land Company was founded as the Chartist Cooperative Land Company in 1845 by the chartist Feargus O'Connor to help working-class people satisfy the landholding requirement to gain a vote in county seats in Great Britain. It was wound up by Act of Parliament by 1851.
The Reform Act of 1832 extended the franchise. In county constituencies in addition to forty shilling freeholders franchise rights were extended to owners of land in copyhold worth £10 and holders of long-term leases (more than sixty years) on land worth £10 and holders of medium-term leases (between twenty and sixty years) on land worth £50 and to tenants-at-will paying an annual rent of £50.
The chartists had, as one of their objectives, the enfranchisement of the working man. O'Connor focussed his energies on enabling working-class people to satisfy the landholding requirement to gain a vote in county seats. In his single minded pursuit of this objective he diverged from the mainstream of Chartism.
O’Connor declared that Great Britain could support her own population if her lands were properly cultivated. As has been pointed out, he had no use for cooperative tillage; his plan was for peasant proprietorship. In his book 'A Practical Work on the Management of Small Farms' he set forth his plan of resettling surplus factory workers on little holdings of from one to 4 acres (16,000 m2). He held that the only possible way to raise wages was to remove surplus labour out of the manufacturers’ reach, and thus compel him to offer higher wages. He had no doubts of the yields obtainable under such spade-husbandry.
O'Connor proposed an enterprise in which working men could purchase land on the open market. The land was to be reconditioned, broken up into small plots, equipped with appropriate farm buildings and a cottage, and the new proprietor was to be given a small sum of money with which to buy stock. The plan was approved at the Chartist conference in April 1845.
The form of the company was problematic. A set of rules were drawn up for a friendly society and submitted for approval in January 1846. They were rejected. Another set of rules were submitted and again rejected in July 1846. The company was provisionally registered as a , the Chartist Cooperative Land Company, on 24 October 1846. The provisional registration allowed the company to enrol shareholders and to collect deposits on the shares. It did not allow any trading activity, nor the purchase, contracting for purchase, or holding of land. In order to complete the registration it was necessary to collect the signatures of one quarter of the shareholders.
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Wikipedia