The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-03-10

4. v. Macdonald, Esq, Editor Of En-. Aid Journal:
DEAR SIR: The undersigned, members Of the Louis
vile Town Company, take advantage. Of your columns
to call the attention of the non resident members of the
company, to the necessity for their early return to the
Territory, in order to recommence their sale of the stock
Of the Nininger and st. Peter Western Railroad Com.
pany.
Some OF us have not been idle, even during the de-
pressing times that have followed the crisis. The Char
ter Of the Railroad Company has been amended by the
State Legislature in two important particulars. First,
by the extension Of our road from Louisville to Glencoe.
the county town Of Mcleod county, thereby bringing
to our assistance a vast amount of new interests in that
highly fertile and rapidly settling county. Secondly,
by the reduction in tho amount of stock named in the
Charter as being necessary to be subscribed before the
Railroad Company could go into operation. In the
original, the amount named was $500 600, in the Char
tel as amended it is reduced to 10000. Both these
amendments are of the greatest Importance, the latter
especially as it will allow the road to be commenced at
once, even on q small scale.
To speak plainly what the public here wish to see. is
some indubitable evidence that the road is going on bona
fde. Our past want of success, induced by the crisis,
has shaken public faith in the practicability of our great
interchangeable feasibility of the scheme is acknowl.
edged, but doubts have arisen as to whether W, have
the nerve and the internal force to drive it into exist.
ence. Let one mile Of road be graded, let all who are
interested, and they are many and influential, join hands
with a vigor and a will, and the public will come for.
ward readily and heartily to our assistance. What is
needed is some pledge for our good faith, our good in
tentions, and our determination and backed by these
some evidence Of our capacity and ability to carry out
the plans We have laid down before the public.
Let us go a step farther. Our nonresident friends
must not suppose that this great State is still 'steeped
to the lips in misery With the ~buoyancy peculiar to
the Western character, we are rapidly rising to our old
active and sauguine standard. There is an elasticity in
the temperament of the people of this country which no
crisis can permanently subdue. We are already on
our feet, and looking forward to the best. A bill has
just passed our Legislature, which whatever may be the
public opinion of it now or hereafter, will certainly Sc:
aHoat throughout Minnesota, in a very short time, FIVE
millions dollars of money. The greater part of this
will be disbursed and remain in circulation in the State.
giving at once life and activity to our thoroughly drain.
ed resources. More than this, under the banking law
just passed by our Legislature, tho bonds upon which
this loan OF i've millions is proposed to be raised, will
be made the basis for the creation of a number of Banks.
located in almost every county, and in every prominent
town OF the State, and furnishing our people a we'll
secured and plentiful home circulation. We think we
are justified in expecting from these sources, together
with q large expected immigration, that money will
once more become common amongst US. If so we will
have a community ripe to take hold Of our ENTERPRISE,
and possessing the means etectually to do so.
A bill is now in the hands of one of the members of
the Legislature for presentation, authorizing the towns
of Nininger, Louisville and Glencoe, to subscribe for
stock in the Nininger and St. Peter Western Railroad
Company, to such amount and in such manner a. the
citizens of the said towns determine. This bill will no
doubt be passed. 1t is proposed upon its passage to
convene the citizens of Nininger at a public meeting,
in accordance with the requirements of the Bill, and
there BY resolution, authorize. the Town Council of
Nininger to loan the credit of the town to the Railroad
Company to the amount of ten thousand dollars. This
proposition will without doubt meet with the ready con.
currence of the people. The amount, ten thousand
dollars, is quite small, and our citizens perceive the
immense effect such a step would have upon the de-
v~elopment of the place. We could, without doubt, find |
any number of parties who would proceed to grade the
road and make it ready for the superstructure, and re-
ceive their pay in the Bonds of the Nininger and St. |
Peter Railroad Company, endorsed by the Town Couu.
Gil of Nininger. leu thousand dollars expended in
grading would 50 far to convince the public that the
Town Company and the Railroad Company were both
in earnest in the task they had undertaken. Once let
the impression become general tina, we are going on in
a sincere spirit, and We will have no trouble in selling |
our Louisville lots and with them the Railroad Stock
The farming community on the line of the road and in |
its neighborhood are already warm advocates of the
Railroad, and would second it earnestly. Near Louis !
vile, Mr.. Ashley says in his letter to MIR. Case, many
persons could be obtained to cork out their stock in
work on the road. With ten thousand dollars worth Of
grading done on the road, we could, as proposed before,
60 from town to town, and find no difficulty in ~dispcsing
Of the stock Of the Railroad Company with the accom-
panying Louisville lots, which would not only relieve
Nininger Of all liability on the loan of its credit, but
also furnish us a safe and reliable means Of finishing |
our road. Il
We would respectfully urge upon our fellow member.
of the Louisville Town Company an early return from
the East, SO that we may as soon as possible once more
place the claims of the Nininger and St. Peter Railroad
Company prominently and e~ffectually before the people.
We are very respectfully,
1GNAT1Us DoNNELLY,
JAS. r. CASE,
a. II /