The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-02-07
Circular. III
ST.. PAUL, MINNESOTA TERRITORY. }
December l. 1856. {

DEAR SIR: In asking your attention t
the inducements presented to capitalists, fo
the employment Of their means in this Ter
ritory, 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.
The subject of first Importance to one
seeking Lew location is that of climate
All other advantages combined fail to com
pcnsDte the want of health. For clear
dry and salubrious climate, Minnesota is I'M
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 mos,
noted benefits resulting from residence
here is an improved physical and smenta
tone, and as a consequence a higher enjOy!
ment OF existence.
Next in value to the settler are the facts
in regard to the soil. For fertility and easy
cultur>, the farming lands # Minnesota
compare favorably with those of any section
Of the country. Any man, with ordinary
industry and economy, may, in year or two
place himself i'll a position of confortsand
independence, from the profits of his labor,
applied to land, which he is permitted and
encouraged to select by pre-emption from
any unoccupied section. to the extent of 100
acres. The policy of the Federal govern
ment, in regard to the public lands.in Min
ne>ota, is highly conduc We to tie best inte-
rests of the inhabitants, inas.n9ch as the
best lands are reserved for those requiring
them for actual cultivation, and spectators
are precluded from their ownersbip-thus
ensuring a more equitable distribution and
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.
The geogra phical position of this Territory
with reference to the States, Lake Super Tor
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 rmercis IMPORT
ance. Inns of Railroad are now construct
ing which will soon place ST. Paul in connec-
ton with an Eastern seaboard and the Lakes,
while the Mississippi river. at the navisable
lead Of which this city is virtuall> situated,
must ever be the convenient channel for the
movement OF heavy supplies
Of course, i'll new and fertile region,
where climate, soil and scenery invite settle
inent AM enterprise an! where the results
OF labor, mtelligently dir cted, are So largely
lucrative there arises demand for means
for the prosecution of business far in excess
Ct the supply of capital 1t follows that high
rates of interest preyeil, which so far fir m
indicating monetary arrangement or impend-
ING bankruptcy, as many, reasoning from the
interpretations sirRiiar signs IN older COM
munites, might infer, really proves the pro-
,luctive capacity of the Territory which can
Afford So large premium on capital and yet
Weld to those employing it an entirely salts
factory remuneration.
Capital may be advantageously invested :
1st. In loans based ON Real Estate secu-
rity, yielding l-2 to = l-2 per cent. a
month according to the time of loan and full
ness ofsecurity.
3D. In discounts Of mercantile paper, at
2 to 3 l-2 per cent. a month; but the feature
of landed security is here wanting, usually
desirable to nOn-rcsldents.
3D. BY sale cf Land Warrants at par, Ito
those using them for entering public lands, }
on II months credit, the note given for them
being secured by lien on the lands and bear
ing interest It one to two per cent. a 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 tine transac
ton is very large. when the note is duly Ii
quidated.
Cost of 500 acres of Land Warrants at 95 cents
per acre. Observation-Disclosures. 9'V
Return from sale of same at par.. $1,000
Interest Note, say 20 per cent. per annum.. 20(
,.. 80. .., .. .,ooo 1929
sl15(
Less first cost OF warrants. Observation-Disclosures. I6l
Profit over so per cent for y months, or 1896
4th. By purchase of Real Estate in OF
near St. Paul, which promises to be for veal
to come, as in years past, one of the most
successful modes of using capital. st. Pau
has risen from a 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 a refined and intelligent people, and
makes almost uneXamplcd strides towards
that commercial ennence which seems sc
clearly destined to distinguish her among the
empori,lms of the continent.
The city is upon high bluff, affordng q
commanding view of the river; is skirted by
hundreds of sites for residences that invite
to their adjoining the highest Taste and cul
ture-is within easy distance of water falls
lakes, Astounding in fish-hunting grounds
for various species of game-is the di>tribu
ting point for the supplies of an immense
and fertile agricultural region. of which il
commands the tributes of produce in rctur,
the centre, towards which communications
from every point of the compass tend, and
it is mu ID less difficult to limit her ccniec
tural growth than to justly estimate tn.
greatness to which so many advantages nat
urally conduce.
ST. Paul is already f,vorlte place for tn.
investments of Eastern capitalists, especial,
those who have assured themselves by &C
tual observation as to the steadiness of he
progress, the rapid increase of her popula
ton, business and wealth, an he prospect
i've value Of real estate within and near tn,
city boundaries.
am, very respectfully, your ob't servant
WILBUR II. HAYWARD.
E&Thc Charlestown lMass.) Auror
states that cannon bail, an eight FOUNDER
was dug up in the cellar, corner of Waite