The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-08-12

south and west by the Missouri river, in
GLIDING the Vermilliou, the james, Wa
nansi, and Nawizs rivers, was ratified by
Congress last winter. and under the auspices
Of that treaty, the Dakota Land Company
have this summer extended their opera
tons 90 to the Missouri and its tributaries
emil Hiced in the new region.
The expedition in charge Of Messrs. Draw
ley & Smith, which left this city in June,
have, ere this, planted the flag Of the Da-
kota Land Company on such valuable sites
as may be found from the mouth OF the
Sioux to Old Fort Lookout, on the Mis-
souri, and on the james, Vermillion and
Wanansi rivers they have sounded for the
point to which steamers may practically
run and there, also, commenced the nu-
cleus OF towns. Their movements will be
seconded by the more timid adventures,
and the way being paved, lively emigra-
ton will follow up. This party went down
the river from Sioux Falls City by boat, IN
the latter part Of June, on their way to the
Upper Missouri. Mr.. Brawley writing Ia.
the Directors here from Sioux City, says
We landed at this place this morning.
The Big Sioux is navigable for steamers Of
medium size, al any stage Of pdter and
handsomer country never wish to look up
on
There are more than two thousand miles
Of navigable waters bordering and within
the settled portion Of Dakota, and this come
pany will have already secured the most
desirable centres for trade and commerce
and governmental organizations on all those
rivers. The question OF adding to our land
enterprise system of navigation, will OF ne
cessty force itself upon the new administra-
ton of this company, and its Importance is
worthy of their consideration.
Congress, at its next session, will grant to
Dakota q permanent territorial organization.
What immediate change their will be in the
apparent destnies OF the company, is q sub.
ject stockholders may do well to reflect up
on ; and Tor the company to be prepared
thoroughly to take the fortune of the evue,
Is what should at present be agltated.
There are at present about l50aatock.
holders in this company 40 or 80 are resi-.
dents Of the territory, as many or more are
in this city and throughout the State, while
We have representatives in half the States in
the Union.
Little or no attention has been maid to
sustaining the credit OF our stocks in this or
any other uarket. Each individual. 6f the
community has fixed bis own valuation upon
them. The company have not undertaken
to correct them by sham sales, nor BY glar-
ing explanatory articles. IL &
Quietly, cautiously. yet steadily aud suc.
ccssiully. the works, OF the compaS &have
been forwarded. satisfied, that ~ the
proper time should arrive. our stock would
command proper market value.
The par value Of the shares, tx5riginally
fixed upon the face OF the ceriifdao4sis 500,
which sum was used simply TO represef4such
a part of the capital stock US wasTegahted
by the charter. The figures upon the face
Of the Certificate, therefore. cannot serve you
correctly in Judging OF their real sgalue
originally 1t was provided to issucs2 2, 900
shares, at 500 each, making to capital
'tock 500 goo, as specified; buttlter crea-
ing an ample treasury for the ira and sec.
md years operations, it was found that the
stocks issued were quite iavorably 6stribn- 4,
ed, and as the number did not reach LOO
he further issue OF shares beyondtlnekunt
Der was by resolution prohibited TI1E act \
virtually nearly doubled the vaIdssOf the \
shares out, so that their par value might
quite properly at that time been changed
rom 300 10 5000. But We are 10 jndge
II their real value, from some given valua-
ION that may be placed upon The properly
leld and owened by the company, and we
ball count their advance, which is the
tockhoIder's interest, from the bearing Of
latural causes in favor Of the enterprise, anil
rom the means within thecompany, ofnak
ng their property most valuable l. have r.,
tated the amount Of real estate owned and
occupied by the company, and itrWiliz Sat
Fast be granted that they have mol located
Ipon poor sites, ii there were ec6d ones ior,
'eing the pioneers, they had The irsJ seIec-
lons TO make.
There are six towns paid for. Five of
hose towns are county Rats uGsler orderly
nd Elective organization. Eer single one
# the number The company would refuse
800 900.
With the additional cost of $3.50 per
ere, iuc'u.ligg typers Of extra surveys
fottlog AID entry, VT may add ten desira-
Ne points, containing not less than 900
cres, which, IN the aggregate. will be esti.
lated a, a higher value than those already
uterel.
There are but 900 shares issued. leaving
eserved fund OF 300 shares. II q division
4 the property Of the Company were to be
lade at this time, each share would be eR-
tiled to ID lots TO which title could te
'ivenl and the pro rata portion OF all the
ther property Of the company, alone
mounting 10 not less than Sl00 per sharc.
hen sill there would be basis OF the ten
owns not yet entered, but secured to the
company by possession and occupancy.
IL Is the policy OF the company TO grant
ands TO actual settlers al minimum prices
nd to render substantial all TO all enter
rises that may promise good 10 Souihwes.
ern Minnesota and Dakota. Ndlhing as
ct has bcen pu; in marketAy To company,
ut any wishing to estabii& themselves on
k.t