The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-02-17

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III EMIG AN.
arranged the Stock 50 that the SUN of Que Hundred Dol.
lars is paid in small monthly i~nstalments of Five Dollars
every month tor the period Of twenty mouths, at the
expiration Of which tune the One j. 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 at ten
dollars each, and pay 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 Niningef and
St. Peter Western Railroad Company was chartered at
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 fr Stock.
The road proposed to be built will extend in its 6rst
section from Niainger to Louisville, a distance Of thirty.
i've miles. 1t will run through an extremely fertile and
rich agricultural country, already in a 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 Nininxsr City. Why? Be-
cause by thirty.hve miles of Railroad travel accomplish.
ed in a few minutes more than one hour, it could save
itself a whole days boating, of more than seventy miles
along a shallow aud uncertain river, and a tedious tran
shipment at st. Paul. Any person glancing,i at the map
will see that the rivers Mississippi and Minnesota form
together a peninsula boating at present il around its
whole length our Railroad on the contrary passes at
the base Of it, cutting of thus one half or more of the
distance, besides substituting the iron horse for the slow
steamboat . "- o~ sal" .4 t.0c sac
Will this road pay! Its present section a we have
shown is through a fertile farming country, sndits first
terminus taps. the richest current Of trade 10 Minnesota.
What is beyond !? Take the map. To. the southwest
lies the winding length of the Minnesota River with all
its numerous and rising towns. Can. we doubt what the
future will call forth from such . region? .. Up beyond
the great bend, away into an almost untrodden couptry,
IL continues the same outlet to present or future .agri-
cultural. wealth. Then agaia- directly west Of l.ouis-
vile, . magnificent country, (the Counties; Of. Carver,
Mcleod aud those adjaceut,) stretches out, already much
developed, and containing . most energetic and, intsli-
gent population. Application has already been madeto
the Legislature by the people Of Glencoe for a.obarter
for a branch road to their town. This region once opened
up, once offered an outlet for its productions, aud 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 VIC think they will be,
able to construct the first Railroad IN Minnesota what
is to prevent their keeping the same advanced position,
aud sweeping westward on the great line Of the'advance
Of the country. .aa. .~+..e DID, 4oa ,.y9A as..N
~. With all this, who can doubt that the Stock of the
Company will be a safe and paying investment ? WIN
can doubt that it will yield a handsome return on its
principal in semi-annual dividends? Who will doubt
that it will be a current and tangible evidence of SO.
much mouey-negotiable as bank notes. ..., l3.a
But more than all this, in asking the public to sub
scribe for Stock in the Nininger and ST. Peter Railroad
Company, we are Offering them lots in. thea Town of
Louisville, which will, by their certain rise, upon the
building Of the Road, net them de~1s, treble, ~Qxadrnp1e
the sehole cost Of tseir Stock, and that too before they
have half paid for it. Of this fact there can be no
doubt. Lots have already, before 4+hhserre was i 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
is, that the purchaser shall pay his pro rata part towards
building a 70 ID that will immeasurably add to the value
Of his own property. What could be fairer? He is
putting money in no mans pocket but his own. He is
building his own Railroad in which he is as deeply in
terested as any other map, and in whose actions he will,
as a shareholder, have a voice. L
Let US reduce this matter to details, first to demon
stratc its feasibility, and secondly to show its results as
to the individual purchaser
The Road from Nininger to Louisville will cost it has
been estimated, at the rate Of $40, 900 per mile making
a total of 100000. Of this, it is a we'll known fact,
that if one half, or even one-third be raised in cash, the
remainder: can be negotiated, by exchanging the Stock
with contractors, by discounting the bonds Of the Com
pany secured gu the portion alrsadybuilt, and in various
s s,nsg rj z ,,.h We l RFeP En- z sft ts's E, yer: ny. nearly oshast, e. e F tssn,
sand lots in Louisville at Ten Dollars per les; subject to
an average subscription of enc share to the lot, in all,
six thousand shares, making at One Hundred Dollars
per share Six Hundred Thousand Dollars j. not zone. half,
not one-third, but sic sevenths Of the whole amount re-
quired to build the road !; aud this too in cash, as it il
needed, in monthly i%nstalments Of thirty thousand dol
lsrs each. Now is it doubted that those lots Gun be
sold? 1t must be remembered by the incredulous who
will hang back to their own future loss, that one year
ago a large number of lots were offered for sale by
the Proprietors Of Nininger, a 4 owncontaining now with
its additions over seven thousand, lots at Six Dollars
each, subject to an equally onerous condition. Not one
line Of advertising heralded them; not one newspaper
pulled them, not one public meeting was held, and yet
days from the sale of the 6rstilot every. lot
offered was disposed Of. What has been the result I
Nininger City in one year contains a population Of IT.
least six hundred, about one hundred and twenty-five
houses, two saw mills, 2 sash factory, and a grist mill
the whole great West ever rose more rapidly or prom
ises more brightly for the future. What are the lots
worth that were bought a year ago. for six dollars each
Only q little, while ago three OF them scere sold for one
thousand dollars cash VIII the incredqlous calculate
the rate Of interest per month that viii increase eighteen
dollars in one year into one thousand dollars.
Will not the same thing take place in Louisville !. If
such results have been attained in Niininger BY : judi.
cious combination of numbers and wealth, that will be-
the results in Louisville when that combination is bent
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. E-A ~
That road once built who.o car doubt that lots in Louis
vile, be worth ~fronl6ve hundred dollars aud upwafS3c.
to five thousand. It would make Louisville the Elm.
porium of the Minnesota River, ~eollectipg int it. folds
all the wealth and commerce Of the region around iEA
We will say A. b. buys ten lots for ten dollars eachy
making in all one hundred dollars. He subscribes at
the same time for ten shares of Stock, on which be pays
fifty dollars per month, for twenty month";, 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,
the Railroad has gone on, excavations have bsen dug
rails have been laid, and depots have been built. What
are A. BIS lots WORTH At a reasonable calculation
one thousand dollars each. If lots in Hastings, Shake