The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-02-07
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> ST.. Paul, MINNEsorA TERRIroRY,
q Z eMivlt December I & 1854. J 4

II f'4eSf- |*+ OeCemOer i, 1000.
DEAR Sin: In asking your attention te
the inducements presented to capitalists, fol
the employment of their means in this Ter.
|4ritory, l remark first, upon few of the pro.
minent, causes which have influenced so large
an emigration hither for the past two years
and which must continue to greatly increase
it for the future. i''' 2 ss'.iot p
The, subject Of first Importance to one
seeking a iew location is that Of climate
All other advantages combined fail to com.
Ipcnsote the want of health. For clear
dry and salubrious climate, Minnesota is un-
rivaled by any state or territory, being free
from fever and ague, malaria and those fire.
quent and sudden changes of temperature,
elsewhere so detrimental. One of the most
noted benefits resulting from residence
here is an improved physeafsand sniental
tone, and as a consequence higher enjUys
ment of existence. ~ * I.
Next in value to the settler are the facts
in regard tolthe soil. For fertility and easy
culturt, the farming lands If Minnesota
compare favorably with those Of asay section
or the country. Any man, with ordinary
industry and economy, may, in a year or two,
place himself in position of comfort&sand
independence, from the profits of his labor,
applied to land, which he is permitted and
encouraged to select, by presumption. from
any unoccupied section, to the extent of 160
acres. The policy of the Federal govern
ment, in regard to the public lapdssn Min
| nesota, is highly conduc We to the best inte-
rests of the inhabitants, inastn9ch as the
best lands are reserved for those requiring
them for actual cultivation, and spectators
are precluded from their ownersbip-=tHus
ensuring more equitable distribution sand
rapid settlement, by men of small means,
who could otherwise only acquire them by
the payment Of 400 to 500 per cent. advance
upon government price. '4d - '~ q
The geographical position of this Territory
with reference to the States, Lake Super ior
and the Central Railroad connection with the
Pacific, (being nearly the central point be-
tween the Atlantic and Pacific Oceans, East
and West, and between the Arctic Ocean
and the Gulf of Mexico, North and South)
indicates unerringly its rmercia import
ance. Lin"s of Railroad are now bllstruct-
ing which will soon place St. Paul in connec-
ton with an Eastern seaboard and the Lakes,
while the Mississippi river, at the navigable
lead of which this city is virtuall, situated,
must ever be the CONVENIENT channel for the
movement of heavy supphesss -.'4s
Of course, i'll a new alM fertile region,
where climate, soil and scenery Invite settle
lnent ami enterprise anywhere the results
OF labor, mtelligentIy dirt cted, are 50 largely
lucrative there arises a demand for means
Of the supply of capitsE 1t follows that high
rates Of interest pre4il, which so far fr m
indicating monetary arrangement or impend-
.ng bankruptcy, as many, reasoning from the
interpretations atSailar signs IN older COM
munities, might infer, really proves the pro-
ductive capacity Of the Territory which can
Afford SO large a premium on capital and yet
yield to those employing it an entirely salts
factory remuneration.
Capital may be advantageously invested A:
1st. In loans based bn Real Estate secu-
rity, yielding l ~ to 2 l-2 per cent. a
month according to the time of loan and full
ness ofsecurity. -
Cd. In discounts of mercantile paper, at
to 3 l-2 per cent. a month; but the feature
of landed security is here wanting, usually
desirable to non-residents. @
Sd. By sale cf Land Warrants at par, Ito
those using them for entering public lands,
on IL months credit, the note given for them
being secured by lien on the lands and bear
ing interest 1t one to two per cent. month.
The cost of survey and entry, say ten to
twelve cents per acre, is paid by the purcha-
ser, and in case he fail to meet the note
which is usually paid within the time stipu-
lated, the land can hardly fail to bring the
Government price, which secures the investor
| from loss and yields fair return for the
money used, while the profit of the transac-
| ton is very large, when the note is duly Ii
quidated. III a21-.-
Cost of 500 acres of Land Warrants at 95 cents
| per acre.. ......'........ $'oV
Return from sale of same at par $1,000
Interest Note, say 20 per cent. per annum.. 200
| 1920
Deduct commission, 5 per cent. $1,000 ...... so
| ,-. .t .4 $115O
! Less first cost of warrants Observation-Disclosures. go
Profit over so per cent for 12 months, Or. 1890
4th. By purchase of Real Estate in or
near St. Paul, which promises to be for yeal s
to come, as in years past, one of the most
successful modes of using capital. St. Paul
has risen from wilderness within eight
years to city of 10000 Inhabitants, contin-
ues to increase in population, wealth, and
| the various institutions which evince the
needs OF refined and intelligent people, and
makes almost unexampled strides towards
that commercial eminence which seems SO
clearly destined to distinguish her among the
emptriums of the continent.
The city is upon high bluff, affording a
commanding view of the river; is skirted by
hundreds of sites for residences that invite
to their adorning the highest taste and cul
ture-is within easy distance of water falls
lakes, abounding in ish-hunting grounds
for various species of game-is the distribu-
ting point for the supplies of an immense
and fertile agricultural region, of which it
commands the tributes of produce in returi,
/ the centre, towards which communications
; from every point of the compass tend, and
it is mu ,h less difficult tn limit her coniec-
tural growth than to justly estimate the
greatness to which so many advantages nat
urally conduce. T 80,
St. Paul is already favorlte place for the
investments of Eastern capitalists, especially
those who have assured themselves by ac-
tual observation as to the steadiness of her
progress, the rapid increase of her popula.
| ton, business and wealth, AMI he prospect
i've value of real estate within and near the
city boundaries.
| / am, very respectfully, your ob't servant
WILBUR N. HAYWARD.
Il a#t -+GD~N sif
+ The Charlestown lMass.) Aurors
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