The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-05-16
A Few more Suggestions.

Few more Suggestions. &C..
To the Editors Of the Mimmosotian:
Your candor and fairness in permitting
free discussion on all proper subjects through
your columns, certainly entitle you to the
respect of your opponents and esteem of
your favorites. No measure of merit need
fear the light that discussion may throw
aroundit. 1t is by fair and open discussion
that men can harmonic conflicting views,
and arrive at satisfactory results. The re-
fusal to permit proper and respectful dis
cussion of any public measure carries with
it the conviction of conscious weakness of
cause.
Now, in relation to this Railroad contro-
versy, there appears to be no necessity for
angry discussion or elimination. When the
subject is fairly discussed, the legislature
and the people have intelligence, enough to
discern, and persue the best course.
I had intended to-day to discuss the pro-
ject of the " Omnibus" Plan, by which it is
proposed to build some 200 or more miles
Of road outside of the Grant, by the Pro-
rata' levy, but your correspondent "**"
has anticipated me, and presented the case
in very satisfactory manner, and think
very truthfully.
There is another very important point,
which it would do we'll for our North West
ern property holders to canvass. Any mea-
sure that will secure the completion of our
roads six months earlier than any other mea-
sures should be adopted, for the reason that
property of all kinds, and especially real es-
tate, will Immediately rise in value from so
to 200 per cent. This is no speculative the
ory, but the result Of actual comparative OBJ
servation. Our people should have the benefit
of this advance, at the earliest moment.
Now, Messrs. Editors, allow me to say,
that, so far as l know, no foreign company
desires to form an alliance with us, except
it be as much to our advantage as to theirs.
Take for instance the Madison & St. Croix
R. r. Company, the only company that holds
the air line ''right of way" between Northern
Minnesota and Chicago-if we can make an
amicable arrangement with that company,
feel assured that we shall accelerate the COM
pletion of our Northern Road. at least from
one to two years, which will save millions
of dollars on the "balance Sheets in our favor.
and will no doubt be greatly beneficial to our
neighbors. We should manifest a liberal
spirit in this matter, and grant those bless
ings to others which we ourselves covet.
If we can form .judicious connection with
the ST. Croix Division of the Madison and
Portage Road, so as to secure Chicago as our
great port of Eastern travel, and Milwaukee
as the nearest Lake point to ship our grain
and receive our heavy merchandise, then we
shall not only have secured the best chan
nels to market, but we shall be certain of
the earliest completion of our great North
ern thoroughfare, and the consequent rise of
property it will induce. If any one doubts
the credit or standing of the Company that
occupies our path, let him refer to the stock
exchange of Wall Street as the best criterion.
lie will find tEat the current value of that
Company's Securities in market is SERENITY
eight cents on the dollar, or was on the LIST
of May, with only third of the road COM
pleted, and this is nine and q half cents higher
than any other road in the State, and con-
siderable above the Southern Michigan Sc
curities. have no doubt the securities of
the St. Croix Branch milwaukee and La
Crosse) arc 80 cents by this time, as they
were on the advance at the last dates.
This fact alone puts to flight all the mis-
chievous and silly rumors, industriously,
yet secretly circulated, relating to the bad
management of the road, and slanderous of
its officers. Wall Street is the great none
tary ''inquisition" of the country, and if there
is aught against the character or policy of
loan seekers. the Bulls and Bears will dis
cover it as readily as a mouse would toasted
cheese. Many of the thousand malicious
rumors circulated about this company,
have every reason to believe to be utterly
groundless and unworthy of the slightest
credence.
I hope to be able, in day or two, to
present you for publication skeleton map
of our great Northern X. R. Route, and it's
connections, and relative position with Chi
cago and intermediate points, &c.
Respectfully, yours, &C.,
ST. PAUL.