The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-01-20

10 tnOSc VINO may lake oufautdSc VI ".
They MFR to sH bs an the 7"~" Of L"a'su'Ne for
ten dollars each, to sxch parties as sk"N subscr'tc for
Stock in The Nininyer and 81. fster Western Rd,Irodd
Company.
The lots will be selected BY the purchasers in the or
der in which they subscribe for Stock, those first sub
scribing having the FIST choice. To prevent, however,
| those subscribing last from having nothing lett but re-
fuse lots, the amount Of Railroad Stock to Be subscribed
for each lot will be apportioped according to its location:
the most valuable will require two or even three shares
Of Stock to the lot while On the other baud, OF the Or
binary lots two or three lots may be sold for ten dollars
each, AS the accompaniment Of one share OF Stock. In
this way il will average over the whole town one share
Of Railroad Stock to one lot, those tking average lots,
neither extremely valuable or extremely inferior, will
get them at one share per lot, those running into ex.
tremes must pay more it may, however, be sale in a
general sense, that q share for : lot will be the terms
uIon which the lots will be sold. ~
The shares of railroad Stock will cost One Hundred
Dollars each. As the payment Of this amount on .
number of shares might be a serious obstacle to many
PARTIES joining the Company, we have for the benefit OF all,
arranged the Stock so that the sum OF One Hundred Dol
lars is paid in small monthly instalments Of Five Dollars
every month for the period Of twenty months, vt 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, aud 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 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 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 fr Stock.
The road proposed to be built will extend in its first
section from Nininger 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-
wro hrOurhf unHar cultivation We n aou ~ifhO,f
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 ut 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 a whole days boating, Of more than seventy miles
along a shallow aud uncertain river, and a tedious tran
will see that the rivers Mississippi and Minnesota form
together a peninsula; boating at present is around its
whole length cur 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.
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 region? 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, . magnificent country, (the Counties of Carver,
Mcleod and those adjacent, stretches out, already much
developed, and containing a most energetic and 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 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 We think they will be,
able to construct the first Railroad in Minnesotn what
is to prevent their keeping the same advanced position, |
and sweeping westward on the great line Of the advance
Of the country.
With all this, who can doubt that the Stock of the
Company will be ! 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 a current and tangible evidence of 50
much money-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 d~ubh, treble, quadruph
The ,ehok cost Of their Stock, and that too before they
have half paid for it. Of this fact there can be no
LOIS nave aIreaoy, OeIoFe tneIe was any pros.
Of q 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
ia, 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
putin: money in no mans pocket but his own. He is
building his own Railroad in which he is a. deeply ia:
terested as any other man, and in whose actions ke 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 a.
to the individual purchaser.
The Road from Nininger to Louisville viii cost it has
been estimated, at the rate Of $20, 1000 per mile, making
= total Of $4,000 Of this, it is a we'll known fact,
that it one halt, or even one-third be raised in cash, the
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 in cash. We will offer for sale about six thou
lots in louisville at Ten Dollars per lot, subject to
an average subscription Of one. share to the lot, in all,
'x thousand shares, making at One Hundred Dollars
per share Six Hundred Thousand Dollars not one-half,
D t %one-third, but SIC srvemtks Of, the whole amount re.
quired to build the road and this too in casa, as it is
needed, in monthly iaetai~euts Of thirty thousand dol.
|ss each. Now 70 it doubted that those lots Can be
sold! 1t must be remembered by the ,incredulous who
will hang back t., their own future loss, that one ys.r
40 a large number Of lots were offered for sale by
The Proprletors Of N~ininger, q town containing now With
IT, additions over sayea thousand lots It s::x p s! GLARS
zach, subject TO an equally onerous condition, Not one
line OF advert!::Eg neralded them, not one newspaper
pufcd them, not one public meeting vas held, and yet
'~enty sevea days from the sale of the first lot every lot
offered was disposed Of. What has been the result :
Sininger City in one year contains . population Of at
six hundred, about ole hundred and twenty-five
Aouaes, two raw mills, a sash factory, and . grist mill
progress Of erection. No town in the Territory or in
whole great West ever rose more rapidly or PROM
lses more brightly for the future. What are the lots
Worth that were bought a year ago for six dollars each I
Only a little while ago three Of them we're so3 for one
douars cash Will the incredulous calculate
The rate Of interest per month that will Increase eighteen
dollars in one year int one thousand dolass. !
Wil not the same thing take place in Louisville : If
'uca result. Lave 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
10 the heart Of the town that great avenue Of trade q