Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-24
A BIG DEAL.

A BIG DEAL.
One Of the Largest Real Estate Schemes on
Record 60, 900 Acres Purchased-A Strip
Five Miles Wide ahd Thirty Miles Long
"A Boom for Couison
The town OF Coulson, on the upper Yellow.
stone, is about to experience boom in com.
parison to which all other town booms will
boom into utter insignifcance.
WHAT IT IS ALL ABOUT.
Messrs. Fl. Clark & Company, a firm that
has been engaged in the construction of DOR.
tons of the Northern Pacific road, out in the
Yellowstone country, has purchased the
whole valley in which the town OF Coulson is
located, tract of land five miles in width and
thirty miles in length, and containing about
sixty thousand acres. By an arrangement be-
tween them and the town, on making certain
improvements and doing certain things the
the whole town site of Coulson passes into
their possession. The land Is very rich and
the soil deep. The plan is to people the val
ley Immediately and for the purpose of accom-
plishing this, special inducements will be
OuCICu octblCIo VI Iuc IlRuL AInu. INO ObnOhc
need apply, for this scheme evidently means
business. The proprietors have already ar
ranged for 100 families from Wis
cOnsin to go out. Fifty or
sixty of the men, the heads of some OF these
families, will 90 out to Caulson in about ten
days as pioneers. These, in due time, will
be followed by the remainder.
SOMETHING ABOUT THE COUNTRY.
The country is mostly prairie, with some
pine timber. The Clark's Fork, river runs
into the Yellowstone from the south. There
is no end to the supply of fuel to be found in
the region of this river. The whole country
there is very promising in minerals. The
Great Republic gold mine is located there.
This was was sold short time ago for $780,
coo, and is the mine that Jay Cooke, in his
palmy days, was Interested in. An immense
network of mineral deposits are cropping out
all over the country everywhere in that vicin-
ity, anc great many people are swarmiug
into the country from all directions, especially
from the Black Hills and Miles City. In
northerly direction the mineral deposits are
abundant and the grazing country is splendid,
in which Coulson is located, and the herds
men are greatly disposed to crowd down as
close to the valley as possible.
fGGApANI SOh ld6 hA1LhOAD
The proprletors undoubtedly have very
satisfactory arrangement with the North
ern Pacific railroad company, though
when asked the direct question they
most emphatically denied that the
comprpy had any immediate and particu-
lar interest in the scheme. They have set of
100 acres for the railroad company, and the
understanding between the two Is that the
railroad company is to build very extensive
transfer tracks, roundhouses, depots and all
other buildings necessary to do an immense
business, with view to make Coulson big
distributing point, The plan that Messrs.
Clark & Company have in view Is not by any
means a small one. On the contrary, it is
fairly stupenduous. They have money enough
to carry 1t out and with the aid Of the railroad
company will be able to control the necessary
elements to render it the biggest, and most
short 1t looks as though both Clark & Co.,
and the railroad would work together to rem
der Coulson an immediate distributing point.
A CORPORATION TO BE FORMED.
Atprecent the whole property is in the
possession of H. Clark & Co. 1t is the in
tention, however, to change tbs
company to a corporation, and the papers
carrying this into effect, will be filed to-day.
The corporation will be close one None of
the stock will be put on the market, but will
be taken by the members, and will be all paid
up, The name of the corporation will be
"The Minnesota & Montana Land and In
provement company" There is to be no
specializing about it. The corporation pro-
poses to make it permanent investment, and
will go INTO a general business Of loaning
money to settlers, on easy terms, for the pur-
pose of helping them along. They have
already six sawmills, made by the Buckeye
Sawmill company Of Ohio, which are on the
way to Coulson, where they will be set up In
convenient localities along the rivers. Others
will follow, and ample facilities will thus be
furnished all to obtain lumber at moderate
rates. Lumber for the railroad bridges will
also be sawed out there, and altogether, with
the influence of the Northern Pacific railroad
thrown in favor of the town, and with the
capital of the corporation, it is likely
that an immense city will grow out
of b the III, little mod struggling ss town that
corporation will consist OF III. Clark aud j. B.
Westbrook, OF New York, and T. c. Kurtz, OF
Moorhead. The capital stock will be $780,
600, all paid up. Three hundred thousand
dollars is to be put into improvement immc.
diately ga bank has been already organized
The cashier, Mr.. Geo. B. Hulme, Of New
York, will be here Monday. Coulson is laid
Out Cuu pidttcu1 duu Lie lQteQLlOn
is to sell property at very moderate
prices in order to let ali have chance to live
and make money. All the pecuniary assist
ance needed will be furnished all that 20 there,
the idea being to build up the town as rapidly
as possible, consistent with solidity and perma-
nence. A donation has been made to all
churches of half block Of ground for church
structures, and in addition liberal
donations will be made for
schools. One of the principal improvements
that are TO be made is the digging of ditch
or canal, to run the whole length of the val
ley, distance of thirty miles, to be fed BY the
Yellowstone river at the upper end. The canal
will have fall of five feet to the mile.
From the above it will be seen that the
scheme is an immense one, and If carried out,
as it undoubtedly will be, there seems to be no
reason why it should not be profitable to all
interested. Mr.. Clark and Mr.. Westbrook are
now in st. Paul completing their arrange
ments.
STILLWATEk,
Hon. Faystte March has been confined TO
his house for several days by sickness.