The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-02-24
THE EMIGRANT AID JOURNAL.

arranged the Stock so that the sum of One Hundred Dol.
lars is paid in small monthly i%nstalments of Five Dollars
every month tor the period Of twenty months, At the
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 OF two lots ut ten
dollars each, and pay from his earnings, however limit
ed, i've 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 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 FIR Stock.
The road proposed to be built will extend in its first
section from Nlainger to Louisville, a distance of thirty
five miles. 1t will run through an extremely fertile and
rich agricultural country, already in a considerable de-
gree brought under cultivation. We can saw 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 III Il few minutes more than one hour, it could save
itself a whole days boating, Of more than SEVENTY miles
along a shallow and uncertain river, 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 off thus one 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 frst
terminus taps the richest current Of trade in Minnesota.
What is beyond? Take the map. 10 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 region? Up beyond
the great bend, away into an almost untrodden country,
1t continues the same outlet to present or future aQn-
cultural wealth. Then again directly ives: Of Louis.
vile, q magnificent country, (thc Counties of Carver.
Mcleod and those adjacent,) stretches out, already much
developed, and containing a most energetic and iutelli.
gent population. Application has already been made to
the Legislature by the people Of Glencoe for a charter
tor a branch road to their town. This region once opened
up, once offered an outlet for its productions, and it will
Hood its wealth outward to the Mississippi. And then,
looking to the farther future, if the Nininger and St.
rcter Railroad Company are, as we think they will be,
able to construct the first Railroad in minnesota what
is to prevent their keeping the same advanced position, t
aud sweeping westward on the great line Of the advance
Of the country. a,
With 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 !
that it will be Il current and tangible evidence of SO |
much mcney-negotiable as bank notes.
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 the Town of
Louisville, which will, by their certain rise, upon the |
building Of the Road, net them double, treble, quadruple
the ehoie cost Of their Stock, and that too before thew |
have half paid for it. Of this fact there can be no
doubt. Lots have already, before there was any pros
rect OF a kaliroad, 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 Il road that will immeasurably add to the value !
Of his own property. What could be fairer? He is |
putting money in no mans pocket but bis own. He is !
building his own Railroad in which he is as deeply in.
tercsted 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 as
to the individual purchaser.
The Road from Nininger to louisville will cost it has
been estimated, at the rate Of 500, 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 on the portion already built, and in various
other ways. We propose to raise very nearly the whole
amount III cash. We will offer for sale about six thou
sand lots in Louisville at Ten Dollars per lot, subject to .
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-half, |
AOe Jul OOC u tuc WQOlc AMOUNT re- |
CURED to build the road and this too in cash, as it is |
needed, III monthly instruments Of thirty thousand dol
lers each. Now is it doubted that those lots can be
sold! 1t must be remembered by the incredulous who
will hang back to their own future loss, that ono year
ago 4 large number of lots were offered for sale by |
the Proprieters OF .Nininger, a town containing 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
t'ce"ty-se0e" 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, a sash factory, and a grist mill
in progress Of erection. No town in the Territory OF in
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 .csre sold for one
thousand dollars cash! Will the iucredulous 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 ? If
! such results have been attained in Nininger by a 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 |
Railroad, that great desideratum Of modern times, with
ont 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 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 \. b. buys ten lots for ten dollars each, !
making in'al one hundred dollars. He subscribes at
the same time for ten shares of Stock, on which he pays
fifty dollars Fer 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,
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 dollars each. If lots in Hastings, Shake |
pee, and various other towns, are now worth that sum,
will not the lots in a Railroad terminus be equally
valuable ?
How then 10 \. BE- accounts stand.
Paid for lots in the town of Louisville, 100
" " Stock in the Railroad Company, 1000