The Minnesota pioneer. [volume] (St. Paul, Minn. Territory) 1849-1855, 1850-11-21
bavar.Ai 4, taag.t So For the Pioneer yse
Capital and c nrrency Of Minnesota.

| .9t4 Ht ---.zA 81 j tstf 81 IS
+. read with pleasure in your paper be-
fore The last, an article on the finances Of the
TERRITORY concluding with recommendation
lofa"Loan or Discount Officer in ST. Paul.
The suggestion is good one and the whole
people of the Territory will, believe APP
tpr0ve the measure. Indeed there can lie no
objeciionto it. Here is a harvest of wealth
in Minnesota, and labor is needed to reap
sIt--inoncy is necessary to employ the labor.
Half million of dollars can he invested
here to as much advantage as the same a.
mount can be used any where in the Union
or IN the World. Nor will the profits Of
the capitalist (and here is the beauty Of the
thing) be distracted from the means ofthose
who use his money-they will come out Of
the enhancement Of the value of property,
caused by his own money. And not only
that, but out of whom be makes his profits
Cor those from whom he will receive them
s---he will make them ont of no person. will
make twofold more than he will. A farmer,
or man Of any kind Of business, can, here
tin Minnesota, miih one thousand dollars
make himself in one year, at least, two
thousand richer than he would be without
the thousand. He can well afford therefore
to- payaa high per cent, aud then make
mich more Than tho money man. A lite
moncyain this Territory will be like s'the
leaven that ieaveneih the whole lump" or
as the pound of salt that saved the hundred
! pounds of 'ssavory meat.'' We have rich
soil without limit; we have water power,
and convenences of water for family use,
rarely enjoyed. The country is covered
with springs, SO that every farmer can have
a spring in his yard if he chooses--ihose
springs contain the purest and best water in
the world. We have water power for man
uiacturing purposes SO we'll adapted that it
would seem that nature desyend this for a
manufacturing region. There is sufficient
power at the Falls Of ST. Anthony and St.
Croix to manufacture goods for the whole
Union. Nothing but capital is wanting to
make this bettcr--hetter with the same
means-manufacturing country than any
of the Eastern AMI Middle States. The
whole valley ofthe Mssissippi,mus ere long
he supplied with manufactures from here
The raw material is more convenient 10
/ those falls than to the establishments Of the
East; the market, the great valley, will he
more convenient. Cotton can he put OH a
steam boat on the lower Mississippi,
brought directly here, and the Same boat
| loaded with manufactures and sent back
| Laior can he had as cheap here as any
~
ment for it. Provisions are here at our door
iowa, Wisconsin and Illinois can supply
| operatives enough to manufacture million
| bales Of cotton. Nothing but a little money
little comparatively speaking-is Iwant-
ing to make this in the course of time,
aud before q long time, The manufacturing
portion of the country. ~, -srs.i
/ : The nearer you can bring the manuiac-
! Of tho Al RI.
gcther, the better for both; and the nearer
you can briug these and the producer of the
supplies and the consumer OF the manufac-
tured article together, the better for ALTO
all these intrests the valley of the Mississip
pi garland will be- a republic of itself, indie
pendent of, but still willing to help "the rest
Of mankind" But nature has made these
things so clear that they need no remarks
from me to illustrate their truth. | repeat
that capital can no where be used to more
advantage than here in Minuesota-haif a
million Of dollars can dauble itself tcifhout
the least risk, in FIVE years, and so far from
lessening the wealth of others by its gains,
it will increase the value Of the property of
the Territory FIVE times half million.
= loan Office is free from the objections
| to banking-there viii be no issuing two or
three for one. Every draft drawn and ev-
nv note issued will be upon real basis
While banks rely upon their charter, this
Office will rely upon its capital to sustain its
credit. sst .,4s. tsts.t saF Ye6 b.
| Some legislative provision, general in its
charact may be necessary to enable cari-
talists keeping an office Of this description
to protect themselves, and if you will pros
ecute the matter to the necessary enactment,
you will receive the applause ofyour fellow
citizens generally. fIe ARMANASE. y
/ h' For the rionccr. !,
| A Trip to Pembina. ss.q