Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1859-08-13

~ NAuPliOA III luC SOullltlll VI lllS
State. -..
| The Dakota Land COmpany...Proceed
tngs OF the Third Annual Meeting OF
the Stockholders 500 Election of OH.
cers-..Annual Report Of the COmpa-
ny, &c.-.Hcld in the Fuller House on
Tuesday I'd of August, 1859.
There were present majority of the old
Board of Directors, the President, Secretary
pro tenn. and a large number of stockholders.
The meeting being called to order by the
President, before proceeding to business, the
Secretary, by request, read the bylaws Of
the Company.
The Annual Report Of the Company being
in order, it was called for, when the following
was read and submitted by Mr.. Fisk:
REPORT.
To tile Stockhol,lers Of the Dakota Lana Co.:
GENTLEMEN On behalf of the Secretary
elect, Mr.. Walker, who is unavodably absent
from the State, have prepared at the request
of the President and Directors, a brief expo
siton of the operations and progress of the
Company, since the 1st of August, 1858, and
have appended, after careful examination of
the books and records of the Company. a
statement OF its present financial condition.
Secretary Gays report at the last annual
meeting, was brief but to the point. "Hc
stated 1t pleasure to be able to sum up his
minutes for the year and report SO favorably
on the affairs of the Company. True there
had been difficulties with the Indians on the
central points in the Territory, and the Com
pany had suffered heavy damages and losses
in the sacking and burning of the towns of
Medary and Flandreau; but peace was again
restored on the borders, there was every as
surance that the actual losses and damages
sustained would, in due time, be recovered
from the Government. The progress of the
Company in other directions had not been
deferred, their forces were increased on the
undlSturbed towns, and preparations were
made to occupy, or at least permanently Sc
cure unia lapprehensions of further troubles
should end, the evacuated cities.
Twenty six hundred and forty (2640)
acres of scrip had been purchased to lay on
six of the towns. Supplies to make good for
those destroyed had been forwarded to the
Company's men in the field. Tbs treasury
was low, bet tmcnoys due on assessments then
being daily paid in, would prove quite sufli-
cient to meet all outstanding liabilities"
Soon after that meeting, two of the Direc-
tors of the Company took charge of special
expedition into the Territory, for the purpose
OF re-survcying and establishing the required
boundary, marks to six of the towns designated
by the board, preparatory to entering them
with the scrip on hand.
That party visited al ,hc posts of the Com
pany, returned to this city in October, and
after preparing the necessary plats and 9TH
er papers, Messrs. Gay and Smith proceeded
to the Land Offices having jurisdiction over
those districts, where they successfully entered
the following described towns:
Sarasssa.-County Seat of Cottonwood
County, Minnesota, on the Big Cottonwood
river, 60 miles west of New Ulm, at the bridge
crossing of Mobiles Government Road. There
are several copisus springs in this town, of
highly valuable medicinal properties, hence the
name applied, Saratoga d40 acres held.
16O scripped,
A;OG1a5ass ft1ss.-At the head of Lake
Benton, the first mail station on the Govern
ment Road within the Territory. 1t is on the
first rise Of the high summit in that range
between the Mississippi and Missouri rivers,
and at the source of the "Hole- in the Noun
tain" OF great natural pass through the Co
teau, outletting into the Sioux Valley at Flan-
dreau. GAO acres.
Nedary-County Seat of Midway County,
the first organized county in Dakota, situated
on the Big Sioux river at the crossing of the
Government Road, and 25 miles due west of
Mountain Pass 24O A
Fandreau-County Seat of Noble County
at the junction of the Coteau Percee with
the Sioux-15 miles South of Medary GAO A
Siour Falls City.-County Seat of Rig
Sioux County and the recognized Capital of
the Territory-at the Falls Of the Big Sioux,
the head of navigation on that river, terminus
of the Transit Railroad west-G0 miles South
Of Mountain Pass, and 100 miles up from the
MISSOURI o2O a
Emaniia.-CountY Seat of Vermillion Co.
at the mouth of the Split Rock River and
Pipe Stone Crcek-on the Big Sioux, II miles
below the Falls, and at the more practicable
head of navigation for large steamers GAO A
Total number of acres entered. .264O
The consummation of this investment gave
a new impetus to the Company. 1t afforded
a definite, tangible and substantial basis
to which the stockholders could point.
Ill auOltlOIl W tilc IOWIlS entered, tIe COIIl-
pany have located and improved the following
desirable points, named and defined respect
lively: -.
Lynd County seat of Redwood county,
Minncsota-on the Redwood. Rivers the old
site of Bad Tracks Indian village, has good
water-power, plenty Of timber and building
stone, and fine surrounding country. GAO A
Red Wood and Red Wood Csuter.-A beau
tiful site on the Upper Redwood River, at the
crossing of the Central route west from New
Ulm-l5 miles northwest of Saratoga-has
timber and good water power $40 A
RenshaW.-At the mouth of the Upper Co
teau Percee, connecting with the Sioux-at
the "Big Walnut Timber'-20 miles north of
Medary, and near Lake Preston -. 800 A
Commerce City.-At the great bend of the
Sioux-on the Dakota side half way be-
tween Sioux Falls City and the Missouri; a
natural site for a town--coal and timber plen-
ty, and at point to which steamers of any
class may ply in low stage of water. GAO A
Great Oasis.-County seat of Pipe Stone
county, Minnesota at the head of Des Moines
River, 1S miles south of Saratoga on the
mail route from New Ulm to Sioux Falls
Slty ...-... .......... .3Z0 A