Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1879-09-18
Railroad Prospects.

the hands OF men or capital and influ
ence, and all they ask is that reasona
BILE bonuses be voted by the counties
or towns along the line, no payment
of said bonuses to be made until the
road is in operation. Morrison coun,
ty has important interests in this road
Our readers are already familiar witt
the facts that demonstrate the certain,
ty that the construction of this road
would cause the growth of an import
ant manufacturing city at Little Falls
But some people say that if Little Fall
is to have more benefit from the road
than the balance Of the county, i
ought to pay more of the bonus. Nov
the facts of the case are as follows
If extensive improvements are made
here, only comparatively small part
of the tax will be paid on property
that is now here. The principal part
of the tax must come from property to
be created hereafter. Suppose man
with hundred thousand dollars to in
vest comes here to look the ground
over, and then learns that the burden
Of paying the bonus would fall princi>
pally upon him and the other capital,
lists who invest here after the road is
completed. These men would very
justly say that they would have to pay
their full share of the taxes for other
purposes. that their mills and factor.
les would increase the value of real
estate throughout the county, and
that it would be downright injustice
to saddle a higher tax on them than
was paid in other parts of the county
simply for the privilege Of investing
their money here. helping to pay tax
es, and making the county wealthy
We will admit that few persons own
ing town lots here would be benefited
by the road, but this is comparatively
a very small matter. The principal
part of the tax would fall, not on the
town lots, but upon the mills, factories
and business blocks to be built here
A merchants principal tax does not
fall upon the five or six hundred dol
lars worth of ground covered by his
store, but upon the ten to twenty-five
thousand dollars invested in his build
ing and goods. And even If few
persons should realize comparatively
small sum by the increased value of
town lots. that would proportionately
increase their taxes, and would not
harm anybody.
MEETING OF STOCKHOLDERS.
From the Stevens County Tribune, Sept. II.
The stock >holders of the Little Falls
& Dakota Railroad were in session yes
|terday afternoon and evening. The
meeting was called for the purpose of
considering acting upon proposals re-
ceived from several parties, for the
building and equipment of the line.
After some private matters pertaining
to the company were disposed of, Col
Crooks presented his proposition,
which was in substance as follows: He
and his associates proposed to take the
remainder of the stock, build and
equip the line; operations to com>
mence at once from Little Falls west
the line to be completed to Morris by
1882. Satisfactory guarantees would
be furnished for the early completion
of the road, and that the line would be
IN the hands and under the control of
parties whose interests will be identi>
fed with ours. Maj. Overtou present.
ed, on behalf Of Mr.. John Ross, pro-
posal to the effect that, should the
ck>holders favor him with the ba>
sis, he might be able to make them a
satisfactory proposal to build and equip
the road ready for business, and fur
ther offered to furnish bonds, REFER
ences, &c. AS there were other par
ties who desired to submit proposals,
but who we're unable to be present
until to-day, the stockholders were
requested not to come to any final con-
clusions until they could be present.
Col. Crooks mentioned as his asso.
ciates: W. H. Smith, H. E. Sargent,
G. A. DeGraf and l.. E. Reed, and
stated that the board of directors would
consist of J. Simmons, Little Falls ;
A. Moore, Sauk Centre j. G.. Whit>
temore, Glenwood ; R. G. Moore, Nor
ris; W. Fl. Smith, New York H. E.
Sargent, G. A. DeGraff, GAINESVILLE ;
W. P. Clough, L. E. Reed, and VIM.
Crooks, St. Paul. After considerable
discussion and argument, the stock
holders voted to accept Col. Crooks,
proposition, and accordingly the Little
Falls & Dakota Railroad is now in his
and his associates control and possess
sion.
THE LATEsT-A STRONG COMPANY.
From yesterdays st. Paul Globe.
The directors of the above-named
road met in this city yesterday and
completed the organization of the
company by electing the following
officers
President-Col. VIM. Crooks, of st.
Paul.
Vice President-Chas. A. DeGraff,
of GAINESVILLE. Z
secretary-E. P. Barnum, of sauk
Centre.
Treasurer-L. E. Reed, of St.. Paul.
Chief Engineer-Col. VIM. Crooks,
ofSt. Paul. >..%
Executive Committee-Charles "A.
DeGraff, Jonathan Simmons and VIM.