The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-03-03

arranged the Stock so that ,he SUN Of One Hundred Dol
, lars is paid in small monthly instruments Of Five Dollars
every month for the period IF twenty months, at thu
expiration of which time the One I undred Dollars viii
have been paid in full. Thus the subscription for Stool
will fall lightly upon the subscribers, and will form NJ
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 Nm 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 / ouisville, a distance of thirty
five miles. 1t will run through an extremely fertile aud
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 Niuinger City. Why! Be-
cause by thirty five miles OF Railroad travel accomplish.
ed in Il few minutes more than one hour, it could save
itself u whole days boating, Of more than seventy miles
along a shallow aud uncertain riv'r, and a tedious tran.
shipment at St. Paul. Any person glancing At the map
will see that the rivers Mississippi and Minnesota form
together a peninsula boating at present is around its
whole length our Railroad On the contrary passes at
the base Of it, cutting of thus cue 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, aud its first
terminus taps the richest current Of trade in 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 a regisn? Up beyond
the great bend, away into an almost untrodden country.
it continues the same outlet to present or future agri-
cultural wealth. Then again directly west of Louis.
vile, a magnificent country, (the Counties of Carver,
Mcleod and those adjacent,) stretches out, already much
developed, and containing a most energetic aud intelli.
gent population. Application mas 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 an 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 VIC think they will be,
able to construct the first Rai2ruod in Minnesota what
is to prevent their keeping the same advance 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 a handsome return on its
principal in semi,annual dividends? Who will doubt
ClaC IL WILL pe q current auQ taDglOle 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 tn,
building Of the Road, net them d"uJh, treble, quadruph
the 'ohoIe cost Of their Stock, and that too before they
have half paid for it. OF this fact there can be No
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
is, that the purchaser shall pay his pro rata part toward:
building a re ID that will UNNECESSARILY add to the value
OF his own property. What could be fairer! He il
putin: 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 man, and in whose actions he 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 II
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
tt.at if one half, or even one-third be raised in cash, th,
remainder can be negotiated, by exchanging the Stool
with contractors, by discounting the bonds Of the Com
pany secured on the portion already built, and in variou:
other ways. We propose to raise very nearly the whole
amount III cash. wv will offer for sale about six thou
sand lots in Louisville at Ten Dollars per lot, subject tc |
an average subscription of one share to the lot, in all
six thousand shares, making at One Hundred Dollar
per share Six Hundred thousand Dollars not one.half.
not one-third, but SIC HvenhhS of the whole amount re
quired to build the road and this too in cash, as it is
needed, in monthly instruments Of thirty thousand dol
lers each. Now is it doubted that those lots can b.
sold? 1t must be remembered by the incredulous VIII
will hang back to their own future loss, that one ycai
ago a large number Of lots were offered for sale BY
the Proprietors Of Nininger, a town containing now with
its additions over seven thousand lots at Six Dollars
each, subject to an equally onerous condition. Not ont
line of advertising Leralded them, not one newspaper
pulled them, not one public meeting was held, and yet
icrntv. srveM days from the sale of the first lot every lot
offered 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 grist mil
in progress Of erection. No town in the Territory or III
the whole great West ever rose more rapidly or prom
Uses more brightly for the future. What are the lot:
worth that were bought a year ago tor SIX dollars each {
Only u little while ago three cJ M*m rere scW (r o'
Mon.amd MoNurs rash! Will the incredulous calculate
the rate of interest per month that will increase eighteen
dollars in one year into one thousand dollars.
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 b.
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.
That road once built who can doubt that lots in Louis.
vile, be worth from FIVE hundred dollars and upwards
to Eve thousand. 1t would make Louisville the en-
porium of the Minnesota River, collecting into its fold
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. He eubscribes at
the same time for ten shares Of Stock, on which he pays
fifty dollars per month, fer twenty months, ut the end
Of which time be 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 been dug,
rails have been laid, and depots have been built. What
are A. BIS lots worth? At a reasonable calculation
one thousand dvllars each. If lots in Hastings, Shake
nee. and various other towns, are now worth that sum,
will not the lots in a Railroad terminus be equally
valuable? ~ r
How then do A. BIS accounts stand.
Paid for lots in the town of Louisville, 100
" " Stock in the Railroad Company, 1000