Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1854-07-18

With the exception of the trade created by the
annual manufacture of near 200, ,OO0, 600 feet of
pine lumber at the pineries which exist on the
streams crossed in its route, the local business of
the Road has yet to be created. This fact, how
ever, is esteemed as its most prominent advantage,
as will appear by perusal Of the documents
which accompany this paper.
AS might be anticipated, the elements of success
which this project commands have not been over
looked by those most interested in the improve
ment Of Northern Wisconsin. But the immenss
interests centred in Chicago, and the capital in-
fuenced by the more Southern Roads terminating
in that city, have prevented active proceedings
thus far. A special Charter, however, has been
procured from the Legislature of Wisconsin, the
capital required to effect legal organization has
been subscribed and paid up, and the Officers Of
the Company duly elected. From this Company
the deputation, authorized to act In the premises,
have visited this city, and have submitted the
propositions now under consideration for securing
the construction of the desired Road. OF these
proposals we approve, and recommend them to
the careful consideration of those who desire by
profitable investment Of their capital to advance
the material prosperity of the Railways connected
with this city especially of the Northern Road,
and of the city itself. We do so in the confident
belief that as Canadian-especially Toronto-in-
terests are most nearly affected by the enterprise,
so should they be the first to show their confidence
in its success, by contributing towards it the
promise of material aid, and thus efectually en-
dorsing it with their appreciation of its prospect
Of success. .-E :se
We submit herewith concise statement Of the
nature of the project to be accomplished, and of
the manner in which it is proposed to effect that
object, together with a draft of an agreement to
be signed by such as propose to become stock
holders, which has been prepared by MIR. Clarke
Gamble, with aview to proper protection OF the
subscribers to the stock required.
Statement made to the Committee by the Deru-
tation from the Green Bay and Minnesota
Railroad Company.
The Green Bay and Minnesota Railroad Com
pany invites attention to their purposes their OBJ
jects, and the plan by which they intend to effect
those objects.
This Company was chartered by the Legislature
of Wisconsin, during the Session of 1853. The
Company was organized under the charter on tho
lst Of January, 1854.
They propose eventually to construct Railway
from the head of Green Bay to the Western bound
airy of the State of Wisconsin, near St. Paul, in
Minnesota.
Their objects are to settle Northern Wisconsin,
and to accommodate the trade and travel between
Minnesota and the Atlantic cities.
What that trade and travel is at present may be
calculated from the facts that it required 38U
steamboat trips on the Mississippi, between Ga
lena and St. Panl, during the season of naviga-
t.On In 1915 ana GDlL NllunCSOta mas grown from
a population Of little more than 5000 in 1850,
to population estimated by her Governor, at the
close Of 1853, at 10000.
What that trade and travel will be- when the
contemplated Road is completed, may be inferred
from the rate at which it has increased since 1850,
while Minnesota was distant three days. travel
from Chicago on Lake Michigan, and from the
fact that the Green Bay and Minnesota Railroad
will place that Territory within two days of To-
rontO on Lake Ontario.
That the construction of this Road will settle
Northern Wisconsin we nfe:, because it will open,
by great public highway, a country presenting
the native advantages of a rich soil and healthy
climate.
That it will accommodate the trade and travel
of Minnesota are inferred, from the fact that it
will offer to that trade and travel transit to and
from the Eastern Cities from three to five days
quicker than any other route.
The plan by which those objects are to be ac-
complished is this The Government Of the Uni
ted States now offer for sale in the above tracts.
tho line of the proposed Road, at one dollar and
twenty-five cents per acre. 1t is proposed to buy
from 100000 to 100000 acres OF the best Of
that land, to hypothecate those lands and the
Road as security for the money necessary to build
the Road.
The security will be ample to secure the loan
the Road constructed, the land will sell for
much more than enough to pay off the loan.
Thus the investment of a sum not exceeding
100000 tenders the following as the aggregate
of results list. 1t will pay for the construction
of Railway connecting Minnesota with the best
harbor on Lake Michigan, which will command
the trade and travel to and from Minnesota all the
year.
2ndly. 1t will command the trade for twelve
months, and the travel for from seven to eight
months, from the head of Green Bay to the head
Of Georgian Bay, distance of 400 miles of con-
tinuous steamboat navigation.
A connection between that Road and the North
ern Road from Toronto, presents the additional
advantage of doubling the value of the stock in
that Road because it secures to that Road oil the
Minnesota trade and all the summer travel while,
to the citizens Of Toronto, it presents the addi.
tonal induccmcnt of opening to that City tho
trade of Northern Wisconsin, of Minnesota, and
Of all that may hereafter exist to the West Of
Minnesota, and which cannot be secured by any
other route. a reference to maps, and q careful
examination Of distances, will establish each Of
these propositions conclusively.