The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1857-11-18
New Qalena.


We have neglected hcrct,fore to notice the
presentation to Is by an Agent Oh "The New
Gal. ma Lead Mining and Real Estate Conn
pany," of neat little pamphlet got up for that
cor, orction. lis contents ccmp!ise the Arti-
cles of organization, Officers names, descrip-
ton Of tho Land owned by the company and
the site of New Galena, Estimates of Probable
results in reriod of three years mining and
land-selling, and several certificates of the
abundance of mineral in that section signed by
practical and experienced Miners and Shelter
ers from the Galena and Wisconsin Mines the
whole prcfsced with handsome map Of the
Mining Region embraced as capital stock.
We have looked over the p implicit with a
se d deal of interest, both on account of its
being North Iowa movement which may
eventually assume immense IMPORTANCE, and
beesrse az we on former occasion stated, We
have quarter of land lying contiguous to the
Company $ estate, and within the Suspected"
mineral circle or square, or cllipsis or hexagon
or polygon Or any other mathematical shape it
may be found in. If that quarter makes a
miRionare of the writer of this, there II be
time among the attaches Of the Iowa Press sure.
We will run twenty-five column tri-dailyy, pay
dollar thousand ems for composition in
s9ute, 1--WE have engaged "sit" with the Col.
for year ON s~s;icion -Cosr.) settle all the
delinquent bills due OFF cotem. oraries, build u
Printers Hospital at McGregor, run free R
Road to all the towns OF the west. on which our
brother Eds. can pass without bcgging-and do
great mary other things for The corntry in
general and the craft in particular; orr plans
are not maturcd yet and ne torbear farther
promises. ..... -.....
Tie Lands Of the Company comprise 300
acres lying in Allamakec County. Professor
Owen had mentioned in his Geological Survey
Of Iowa, the existence Of large bodies of lead
in this vicinity. The remains of Indian dig
gings arc apr aren't. As early as 1886, the ira.
ders at Prairie du Chen purchased lead ore of
the natives who inhabited this section, but no
important discoveries were made until the fall
af 1856. Since then good deal of profitable
work has been done in mining, but the great
ness Of the field for enterprise required more
capital than the original owners of the tract
could command and hence the concentration of
the money power in all act of incorporation.-
The TOWNS laid off into 600 lots, 66xl32 feet ::
1t is on tie Upper Iowa River at the mouth of
Bear Geek and is surrounded by water power
without limit. Improvements are going for
ward rapidly; reasonable prices are asked for
lots to settlers, and particularly Mechanics A
Post Office is established there and means are
being used TO secure the immediate erection of
large FIGURING Mill, Hotel, and many other
buildings of public utility.
The Capital Stock is $500, 900 with power 10
increase to $5OO,00o. The shares are $50, each
share represents one vote. No part of the SUBJ
scription is demended until $lu0,GCO is sub
scribed. Only ten per cent of the subscription
GIN be collected at one time, and no assessments
shall be made short Of 60 days notice. The
probability is that not more than half the
amount of the shares will ever be demanded.
The gentlemen concerned in this brilliant Lot
terry (all BIT sinessi isl lottery are Of first class
integrity and from what We hear of the success
which is attending the effars already made,
We have no doubt an investment would be prof
table. Most Of the Land is we'll t!mbered, the
town site is but few miles from the Missis-
sippi-a r. r is projected from Lansing to st.
Paul cia New Galena and DEBORAH. The
county Of Alamakee is the best watercd and
Lest timbered county in Iowa and with all our
partiality for Clayton, we believe her northern
neighbor possesses advantages in these respects
that more than counterbalance the excess of
beautiful rolling lrairie which our county Justly
boasts. Capitalists and men OF small means
can make it Tay toinquire into this New Galena
Enterprise.
For information, address JAMES ]. GILBERT,
Secretary. LAssIyc, Iowa.