The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-03-03
THE EMIGRANT AID 10 RN A l..

arranged the Stock so that the sum Of One Hundred DOL
lars is paid in small monthly instruments of Five Dollars
every month tor the period of twenty months, at tue
expiration of which time the One / undred Dollars will
have been paid in full. Thus the subscription for Stock
will fall lightly upon the subscribers, and will form no
impeachment to the purchase of lots even by the poorest.
There is no man who cannot buy one or two lots ut ten
dollars each, and ply from his earnings, however limit
ed, five dollars per month.
Let US inquire next as to the Railroad Company in
which the Stock is to be subscribed. The Nininger and
St. Peter Western Railroad Company was chartered ut
the last Session Of the Territorial Legislature. Copies
of the Charter will be given, together with an Account
Book for their payments, to the subscribers FIR Stock.
The road proposed to be built will extend in its FIRST
section FROM Nininger to Louisville, a distance of thirty
five miles. 1t will run through an extremely fertile aud
rich agricultural country, already in n considerable de-
gree brought under cultivation. We can say without
hesitation that this section of country contains some OF
the finest farms in Minnesota. What next This
road will terminate its first section at Louisville, at the
foot Of the rapids Of the Minnesota River. 1t will thus
tap he trade Of the great Minnesota Valley, the greatest
artery of the wealth of this State. Who can doubt
that this road once built, the whole trade Of that great
valley now tributary to St Paul would defect eastward
to the Mississippi River at Nininger City. Why? Be-
cause by thirty five miles of Railroad travel accomplish
ed in a few minutes more than one hour, it could save
itself u whole days boating, of more than seventy miles
along IA shallow aud uncertain riv'r, and a tedious tran.
uiFuCN Nv ~ A"UH' AUy tN"oOO 6N6 t
will see that the rivers Mississippi aud Minnesota form
together a peninsula boating at present is around its
whole length our Railroad IN the contrary passes at
the base Of it, cutting of thus oue half or more Of the
distance, besides substituting the iron horse for the slow
steamboat.
Will this road pay? Its present section as we have
shown is through a fertile farming country, and its FIRST
terminus taps the richest current of trade in Minnesota.
What is beyond? Take the MP. TO the southwest
lies the winding length Of the Minnesota River with all
.l .::,. ko.oe Np xn Junhku uyroff IN.
future will call forth from such a regisn? Up beyond
the great bend, away into an almost untrodden country.
it continues the same outlet to present or future agrl-
cultural wealth. Then again directly west Of Louis.
vile, a magnificent country, (he Counties OF Carver,
Mcleod and those adjacent stretches out, already much
dey eloped, and containing q most energetic aud intelli-
gent population. Application has already been made to
the Legislature by the people of Glencoe for a charter
for a branch road to their town. This region once opened
up, once offered al outlet for its productions, and it will
food its wealth outward to the Mississippi. And then,
looking to the farther future, if the Nininger and St.
Peter Railroad Company are, as we think they will be-,
able to construct the first Ra'lrvod IN Minnesota what
is to prevent their keeping the same advanc ID position,
and sweeping westward on the great line of the advance
Of the country.
Will all this, who can doubt that the Stock Of the
Company will be a safe and paying investment? Who
can doubt that it will yield u handsome return on Its
principal in semi.annual dividends? Who will doubt
that it will be a current and tangible evidence Of 8"
much money-negotiable as bank uotes.
But more than all this, in asking the public TO- sub.
scribe for Stock III the Nininger and St. Peter Railroad
Company, we are Offering them lots in the Town OF
Louisville, which will, by their certain rise, upon thu
building Of the Road, net them d"ubh, treble, qua'rup"
the ,hole cost Of Meir Stock, and that too before they
have half paid for it. OF this fact there can be n"
doubt. Lots have already, before there was any pros
rect of a Railroad, been sold in the town of Louisville
for Two Hundred Dollars each. We are Offering equally
good lots for ten dollars each! What we ask in return
il, that the purchaser shall pay his pro rata part toward:
building a 70 ID that will immeasurably add to the value
OF his own property. What could be fsirer! tie i
putting money in no mans pocket but his own. Hes
building his own Railroad in which he is as deeply in
terested as any other man, and in whose actions be Will,
as a shareholder, have a voice.
Let US reduce this matter to details, FIRST to demon
strate its feasibility, and secondly to show its results u
to the individual purchaser.
The Road from Nininger to Louisville will cost it has
been estimated, at the rate of 10000 per mile, making
a total of 100000 Of this, it is a we'll known fact
tl.at if one half, or even onetbird be raised in cash, th,
remainder can be negotiated, by exchanging the STOCK
with contractors, by discounting tue bonds of the Com
PAW secured on the portion already built, and in variou:
+ other ways. We propose to raise very nearly the who'll
amount ii cash. We will offer for sale about six thou
sand lots in Louisville at Ten Dollars per lot, %sub)ectto
an average subscription of one share to the lot, IN all
six thousand shares, making at One Hundred Dollars
, per share Six Hundred Thousand Dollars not one bali.
not one-third. but sic aevrn,hx Of the whole amount re
ouired to build the road and this too in cash, as it i
needed, in monthly instruments of thirty thousand dol
lars each. Now is it doubted that those lots can b.
sold? it must be remembered by the incredulous VIII
will hang back to their own future 1885, that one yea
ago a large number Of lots were offered for sale bJ
the proprietors of Nininger, a town containing now with
its additions over seven thousand lots ut Six Dollars
each, subject to an equally ouerous condition. Not ont
line of advertising heralded them; not one newspaper
pulled them, not one public meeting was held, and YET
Mana. crorr Tho oo1o of tho fret Ik every LOT
of.red was disposed of. What has been the result!
Nininger City in one year contains a population OF at
least six hundred, about one hundred and twenty-five
houses, two saw mills, . sash factory, and a gr'st NIL
in progress Of erection. No town in the Territory or !"
the whole great West ever rose more rapidly or prom
Uses more brightly for the future. What are the lot:
worth that we're bought a year ago for six dollars each f.!
Only u little while ago three o M*m rere ~M JVr o'
h0a.and u.Uur. cush! Will the incredulous calculate
the rate of interest per month that will increase eighteen
Will not the same thing take place in Louisville II
such results have been attained in Nininger by q judi
cious combination Of numbers and wealth, that WILL D.
the results in Louisville when that combination is benz
not to the erection Of houses, which will rise OF them
selves with the necessity for them, but to the bringing
, to the heart of the town that great avenue OF trade a
Railroad, that great desideratum of modern times, with,
. out which commerce moves not, man travels not, and
. cities grow not the all in all of progress and advance
: ment.
I That road once built VINO can o0uDt tua' lou
. Vile, be worth from FIVE hundred dollars and upwards
> to FIVE thousand. 1t would make Louisville the en-
= porium of the Minnesota River, collecting into its folds
' all the wealth and commerce Of the region around It,.
), We will say A. b. buys ten lots for ten dollars each,
+ making in all one hundred dollars; lie eubscribe' at
. the same time for ten shares Of Stock, on which he pays
fifty dollars Per month, fer twenty months, at the end
: Of which time he has paid up The full value OF his Stock
= viz 81 900. In the meantime, month after month";
J; the Railroad has gone on, excavations have been dug,
j rails have been laid, and depots have been built: What
are A. BIS lots worth? At a reasonable calculation
e one thousand dvllars each. If lots in Hastings, Shake
pee, and various other towns, are now worth thas sum,
, iii mt the lots in a Railroad terminus be equally
y valuable!
How then do A. BIS accounts stand. .o
Paid for lots 10 the town of Louisville, IyO
g g Stock in the Railroad Company, 1000