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

The Hest speculation Of the Nay.

w YA%SRAy ~ VA pUUNC y Va ~ &SCUCUego OesUsUO
projects Of the day, and We solicit their attention to
the particulars. A plain statement Of facts will be its
best recommendation,
The undersigned are the proprietors Of the greater
of the Town of Louisville, on the south side Of the
River, about fifty miles from Its mouth.
ready contains a small population, two stores, a steam
grist mill, two steam raw mills, lime.kilns, &c. The I'M
d~ersigned have at a large expenditure Of money, bought
out the whole town site, together with some Of the ad.
joining property which they have also laid out as parts
Of the original town. The site of the town Is one Of tho
finest on the Minnesota River. 1t possesses an excel
lent landing, and the land on which the town is built
rises gradually and beautifully from the river, gentle
undulations Of the prairie overlooking each other as they
recede, forming one of the handsomest scenes one can
find in the whole valley of the Minnesota. 1t is already
the centre Of q 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 it for another
object besides securing it for its intrinsic merits. They
arc interested iu the City Of Nininger on the Mississippi
River. They are 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 a heavy
outlay they have secured the town site Of Louisville,
and now make the following proposal, a proposal they
believe to be unprecedented in iberality, and in benefits
to those who may take advantage Of it. s
They offer to sell lots ~ the 7oon Of Louisville for
ten dollars each, to such parties as shall subscribe for
Stock IN the Mn inqer and 81. Peter Western Railroad
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 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 it may, however, be said in a
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 9 serious obstacle to many
parties joining the Company, we have for the benefit Of all,
lars is paid in small monthly instalments Of Five Dollars
every month for the period Of twenty months, at the
expiration Of which time tho One Hundred 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 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 6rst
section from Niningcr 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 say without
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
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 in a 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
Will this road pay? Its 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 maj" To the southwest
lies the winding length Of the Minnesota River with all
its numerous and rising towns. Can we doubt what the
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, a magnificent country, (the Counties Of Carver,
Mcleod and those ~adjacentD stretches out, already much
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
I'D, once offered an outlet for it's 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 Company. are, as we think they will be,
able to construct the first Edi1road 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-annual dividends? Who will doubt
that i will DO a current and tangible evidence of so
much mopey-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, ret Them double, treble, qsadr.pe
the achoe cost of their Nock, 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 ip the town of Huntsville
for Two Hundred Dollars each. We are eaeripgSqually
good lots for ten dollars each What we ask in return
Is, that the purchaser shall pay his pro rata part towards
building a road that will UNNECESSARILY add to the value
Of his own property. What could be fairer2 He is
putting money in no mans pocket but his OWE. He is
building his own Railroad in which he is as deeply ia
terested as any other man, and in whose actions he will,
as a shareholder, have a voice. a1e
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 5000 per mile, making
a total of 100000 Of this, it is q 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 IN Louisville at Ten Dollars per1os, subject to
an average subscription Of one share to the lot, in all,