The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-05-21

UooDoaol ~ ene Lava 0goHes
Tbs Council has pssssi Q bin granting 10
ths Transit Railroad Company, alsssay or
ganizsd. the lands grautsd to the Territory.
by Congress, to ed In The construction u .
Railroad from Winons 70 ~. Peter. and
thence to point on the Big sioax river,
south IL ths 45,h parallel Of latitude This
bill ID now awaiting the action u tbs Houss.
Yesterday, 10 the Council, very impos-
tsut omnibus bill IVES pssssi 10 third
reading. II grants to thu Root River Val
Ivy and southern MInaSuota Railroad Com
p~ny, the land granted tbr the construction
Of Railroad from In Crescent viz Target
Lake up the valley Of Isoot river, ~ point
of Junction (csss Of rsngs ~ with tle TRAIT
sit Company. This point Of Junction 10 IN.
I'd al Rochester. Olmmt~d county, provided
the Transit Company construct tlssis roll
by way ii that plsce. In edition 10 this
grant, the Root River Company receive the
lands gr~ntsl BY Congress. ios ths constmc-
ton Of . Railroad IN u~e ths language ii
Tie Congressional Act) from H. Paul and
from H. Anthony VIA Min.ssr"lk. 10 .
convenient Ioiat Of junction ws~t ofths Mis-
sisaippi, 10 the southern boundary of tho
Territory, In the direction u tbs n,outh Of
the Big Sioax river" by the blu now h.
fore the Council shskolss Is ms'ls tie point
Of junction, and BELLE l'isiue. Clarksville.
In 3ueur, Traverse. ~ Peter md Manka,
70, points which tbs road ID required to
touch In addition 10 thu above, this all.
powerful Root River Company Ia required
h construct . Railroad from lIokah. tn
brownsville. with the privilege Of extending
Il 10 the south lies of the Territory Ths
privilege II also granted thu Company. Of
building rosd from the w,-terE terminus
Of thu road uaaing rom H. Paul tn The
mouth u the Big Sioux, Ia a westerly direc-
tion, 10 thu Missouri river. And W. havs
yet another comlition. In tho provision Of
thu bill requiring the Root river Company
10 salscrlle, In proportion to the amount oi
laud Il receives, 10 the capital stock Of ths
Company chartsrsi u construct . rad from
WinoDa 10 ~ Paul.
The ge'eral remarks in another article, IN
reisseoee 10 the policy Of requiring compa.
nIe~ receiving grants of land, To construct "
aid In the construction u lines 81 Railroads
not contemplated by the Congressional act
apply very strongly 10 the conditions Affixed
to the grant proposed TO bc made by the
Legislature. to ,hs Root River Company.
I, will be al hupowibility for thu Root
River Company 10 procure money M the
construction IL their road even on their
land security basis. with charter containing
such rstrictiopa ~ the QUE now bcf,1c thu
Council. Capitalist. would d~m the cype-
riu,cnt Of such Investments dangerous and.
especially would this be the case with the
demand ios mo,Wy for Railroad purposes
now existing and LIKELY 10 exist for years,
II should bc rememhcrwl that tho recent
grants Of land by COo1re~s. has doaiel
tho money market with Railroad bomla. ~
curs by public lamla. and iasuel by com
pan,s uniaeumher~i by such RESTRICTIONS
~ are sought Ia be imposed on the iRco,
River Company. II Ia with difficulty ,he~
unincumbersl bcetia are negotiated Ia II
to be Supposed then tina, capitalists would
favor our Minnesota reals, hamprryi as
thcy are by restrictions, requiring the con.
straction Of lim~ II kailromd M, conien,
plated by Congr~s, In making the grant to
the Territory
u was the intention Of the fransr II the
Root River Railroad bill. to throw the srvat
portion u the lands granted the TERRITORY.
uto tbs hau,h Of fareign Railroad Com
pany, he could not have discovered better
method than the imposition Of such r~trs-
tons as the bill now before the Council eon.
tAins 'rha, such Ia the intention Of some VI
the p,rsoaags CONNECTED with the Roo,
River Company w eannc, permit our~sli 10
doubt, with such evidence ~ ID aa6r,l~i In
thu following ~v,ion In the hill
ssc II. The SAID Minns Apoiis and Cedar Wi
ley Railroad Company ~ Root River Valley
And seatAsta MiaHssoiA u. L. Co. shall have fali
power aad astAasity 10 become united sad COZ.
.e.dated In . s,ns,~ corporation with any other
railroad company In the Territory, ~ ~ asy
ast,Sssssa Ntsts rsvvss. \, on such terms and
c ondis,oas ~ the Board 81 Directors " sAsd ~
spectivs companies may agree 10 and prescribe,
and saeh consolidation may he authorized BY
the ssid hoard Of issestass 81 any regular meet
Ing Of asid hoard tos that parpes~. When Astt.
ciss IT consolidation shail he aaiy catered iate
aud agreed upon by the respective companies
seacetned, AMI saesesihea by the President
AID secretary ef each Of said companies; and q
| (npt,ste ,hrrvef shAh hs nlsd In the ctsscs II
NE Secretary Vt the said Territory ~ STATE, all
The rights, interests. powers, privileges, nan
eA,s~s and property conserved apea sach com
psnies respectively by their aet VI inesrpars
ton, ot by this act, ~ held and eaioyei hy said
eempsaie. ueies their respective charters,
| shali vest In aud be held. ases, exercised aud
eajeysd by the said consolidated eompsay, IN.
| der The corporate name chossH and dsslHnstsd
| IN the sald aftsles " axtvemsst and eenseiJa
ton, ~ naiiy, amply and e6estaally, 10 ell In
! tents aud psrpo.es whAtsc~,ef, 80 Il the same
had bsea dirvs,l. granted IN ~ seaaired by
said consolidated company. M s~~sSs~sv
sv~~~~sps ard ssvssss~ " sssS osssss,stssrd
sssgsss sAsa h sssssS ~ ,~sA .~~As, II s.vc
i-s % s.ss n assS s.l sw'vsa ss~~ ~ iAs @t'
ssss VI osss,dstss~
by this ~rt'oa " the hall. the Milwaukee
sl la Cro~r Railr~d company. controll
iby ws~osin men eo,ir,y, coaM h~~cme
in 81, months. aed very probably viii. Il III"
h'll t~s~-, the vwa,e-, hoi6c'Ary anisr the
yrani Thcir r,sld terminates al La Cr.sssN.