The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-03-31

tive projects q sls as, and Va solicit iheir astsasibdF 8
the particulars. Aplaiu statement Of facts will be it's
best recommendation
The undersigned are tho proprietors Of the greater
part of the Town Of Louisville, on the south side Of the
Minnesota Rive, about 6hy miles from IL mouth.
ready contains . small population, two stored, 1 stesrn
.grist mill, two steam aaw mills, lime-kilns, 80. The I'M
dersigned have ct . large expenditure Of money, bought
out the whole town ate, together with some Of the ad.
joining property which they have also laid cat as parts
o. 'ne or'glna n 49,. me 49, Ne 81 ne a $3.50 one .. me
lent landing, and the land on which the town 10 built
rises gradually and beautifully from the river, gentle
fluctuations Of the prairie overlooking each other as they
recede, forming ono Of the handsomest scenes one can
find in the whole valley Of the Minnesota. II Is already
the centre Of . considerable trade, and would in the or.
binary course Of events, and without the assistance Of
the enterprise detailed below, have gone on steadily to
success.
The undersigned have, however, bought il for another
object besides securing it for its intrinsic merits. They
are interested iu the City Of Nininger on the Mississippi
River. They arc interested in seeing the Nininger and
St. Peter Western Railroad built, and they-are willing
to hold out unexampled inducements to the public to
subscribe to the Stock of that Road. Hence At q heavy
outlay they have secured the town site Of Louisville,
and now make the following proposal, . proposal they
believe to be unprecedented in lberality, and in benefits
to those who may take advantage of it. 4
xWE1 OVCy ~ oCtt ~ ~ SOO AVWs ~ w
ten dollars each, to such parties as shall ssbscyibe for
Stock IN the Ninin9er and 81. Peter Wese.n Railroad
Company.
The lots will Be aelectedby the purchasers in the Or
der in which they subscribe for Stock, those first sub
scribing having the first choice. To prevent, however,
those subscribing last from having nothing left but re-
fuse lots, the amount of Railroad Stock to be subscribed
for each lot will be apportioned according to its location:
the most valuable will require two or even three shares
Of Stock to the lot while on the other hand, 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 it will average over the whole town one share
Of Railroad Stock to one lot, those taking average lots,
neither extremely valuable or extremely inferior, will
get them at one share per lot, those running into ex,
tremes must pay more i may, however, be said in q
general sense, that a share, for a lot will be the terms
upon which the lots will be sold.
The shares of Railroad Stock will cost One Hundred
Dollars each. AS the payment Of this amount on a
number Of shares might be 2 serious obstacle to many
parties joining the Company, we have fer the benefit of all,
arranged The Stock go 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, ct the
expiration Of which time,tte. One Eundred Dollars will
have been paid in full. Thus tho subscription for Stock
will fall lightly upon the subscribers, and will form no
impediment 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: s t., ~
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 Niningcr to Louisville, a distance Of thirty
Eve miles It 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. It 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. Why2 Be |
cause by thirtysfve miles Of Railroad travel accomplish !
ed in a few minutes more than one hour, It could save
itself q whole days boating, Of more than seventy miles
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 It's
whole length our Railroad on the contrary passes at
the base Of it, cutting of thus one half OF more Of the
distance, besides substituting the iron horse for the slow
~teamboat. -.
win this road pay ? It's present section as We have
shown is through q fertile farming country, and 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, kosai such = 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, q magnificent country, (the Counties Of Carver,
Mcleod and thoss adjacenks )stetchesont, already much
developed, and containing q 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 tho Mississippi. And then,
looking to the farther future, if the Nininger and St.
Peter Railroad Oompany.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,
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 a safe and paying investment? Who
can doubt that it will yield a handsome return on its
principal in semi-annuai dividends? Who will doubt
that it will be q current and tangible evidence of 80
much moaey-negotiable as bank notes.
But more than all this, in asking the public to sub,
scribe for Stock in the Nininger and St. Peter. Railroed
Company, we are Offering them lots in the Town Of
Louisville, which viii, by their certain rise, upon the
building dfsthe Rqadsnet Aem double, srebk, ~qsadrspA
iac s'1 bsIf s1 psiS for sse' t: ''i 81 Wis il fact TACT there iss car can be = no
doubt Lots have alneady, bk&ore there was any pros
rect Of a Railroad, been sold ip 1he town O. tapisvile
for Two Hundred Dollars each. MAaSos kFineAAaually
good lots for ten dollars each !! What Ne ask d Atpl1f
Is, that the purchaser shall pay his pro rata part towards
building . road that will iumeasurably add to the valne
of his own property. What could be fairer Q -
putting money in no man. pocket but his own. He is
building his own Railroad in which he is az deeply ia
terested Is any other man, and in whose actions he WILL
as a shareholder, have a voice. ga9
Let us reduce this matter to details, first to demon
strate its feasibility, aud secondly to show its results as
to the individual purchaser. s .sa.t5 Iaryys. !
The Road from Nininger to Louisville will cost it has.
been estimated, at the rate Of $4,000 per mile, making
a total Of $780, 900. OF this, it is . we'll known fact,
that if one halt, 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 in cash. We will offer for sale about SIX thou.
sand lots ID Louisville st Ten Dollars pef1os,' subjectto
an average subscription of one share to the lot, in all,