The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1889-11-13
The Sioux City Land Company.

mas Deen alreauy Subscribed. It's Officers
are as follows:
George Leonard Boston. President.
Chasw. Baldwin, Boston. Secretary aud treasurer.
Its directors are: George Leonard of Bos-
ton, John Eaton of Boston, William H. Will
cox of Maiden, Mass, Frank G. Henderson
OF Sioux City, Iowa, George Dennison Of
Boston,
The company owns 300 acres of land within
the city limits of Sioux City, Iowa, and
proposes to develop the same by grading
streets, setting out trees and building
houses for parties as they may desire
Twenty acres of the above is situated in the
finest residence portion of the city and
commands fine view of the river and the
city, and is easily accessible by cable cars
This tract of land will readily sell in lots at
from $1,000 to $1,000 per lot (six lots to the
acre., which would make it net the COM
pany from 100000 to $4,000. We pro-
pose to build during the coming spring sew
eral houses of different styles of architec-
ture, costing from $500 to $1,000 each.
Houses of this class are in great demand in
the city and find a ready sale, and the di-
rectors of the company feel very confident
that this will prove very remunerative in
vestment for the stockholders.
Two hundred eighty acres of our land
is Immediately adjoining the manufac-
turing village of Leeds, which is being rap
idly developed by syndicate of gentlemen
representing capital of over S15,0000O0.
They have purchased tract of 6l3 acres of
land in the Floyd Valley, about three miles
from the center of Sioux City They are
now erecting large manufacturing establish
ments, stores, school-houses, church and
dwellings, and expect within one year to
have manufacturing establishments in
operation which will employ from 1000 to
1,500 men, 1t will be readily seen that the
development of this tract will rapidly adj
Io al of Il Il
by the Sioux City Land Company, espe-
cially as the managers of the Leeds Land
and Improvement Company are also largely
Interested with us and will have the west.
ern management of the company. This
land is near the Illinois Central railroad,
and hourly trains are run from Sioux City
to Leeds at a tve-cent fare, which brings
this tract nearer for residence purposes, in
point of time, than land less distant from
the center of the city.
The rapid growth of Sioux City during
the past eight years has been phenomenal
and its geographical position, in the center
of the most fertile region on the globe, with
the rapid increase of its rural population,
assures us that the growth of the city, for
the next five years at least, will be much
more rapid than it has been in the past. A
few facts in regard to the growth of the city
will suffice
In 1880 Sioux City had a population OF
30,S42; and, in 1888, 40 ,l62; and good judges
now estimate the population at between
$1,000 and $4,000. In the territory tributary
to Sioux City there are over 100000 square
miles of the richest land the sun ever shone
on This vast territory has not seen one.
tenth of its possible development as yet
and is capable of sustaining population OF
at least 1925, 600 people.
The opening of the Sioux reservation will
add ll,O00,OOO fertile acres to Sioux City'S
territory-an empire of itself. Sioux City
is the gateway of this great and rapidly
developing section, and the natural center Of
trade for scope of country capable of max
ing and sustaining city of at least 10000
people.
Sioux City has the largest jobbing trade
in Iowa, and has no competing city within
over hundred miles. Its jobbing trade
extends through the vast domain consisting
of Northwestern Iowa, the two great Da
kotas (each an empire), Southern Minnesota
Nebraska, Wyoming, thence westward tC
the Pacific coast
Occupying the position that Sioux City
does, ii must of necessity grow, as the trade
and resources of this mighty territory eX
pand and develop to a degree even beyond
the Incompatible record of the past. The
jobbing trade of 1888 was upwards of twelve
millions of dollars, and will aggregate moi
less than fifteen millions in 1889.
Sioux City offers the best inducements tC
manufacturers that can be secured at any
point. 1t is great railroad center. Six
great trunk lines with their branches, radi
ate from this point into the tributary terri
tory-the Illinois Central; the Chicago
Milwaukee & st. Paul; the Chicago, st
Paul, Minneapolis & Omaha; the Sioux
City & Pacific and the Fremont, Elkhorr
& Missouri Valley; the Chicago & North
western; and on the 10Th of May, 1889, the
Union Pacific entered Sioux City, adding a
great transcontinental line to the already
superb railroad system.
The freight handled at Sioux City proper
for 1888 amounted to upwards of 200t
carloads. Thirty-tive passenger trains
daily leave this city. The business fol
1883 OF the various lines centering in Sioux
City shows an increase of from twenty-five
to fifty per cent over 1887.
Sioux City has magnificent railroad
bridge, costing two million dollars, across
the Missouri river, upon which all roads
have right to cross; and pontoon bridge
for wagon and foot-track. 1t has the most
complete system of rapid transit of any city
in the world of its size. 1t has twenty-siX
miles of cable, motor and horse-car lines
1t will soon have the only elevated railroad
outside of New York and Kansas City. Ii
has more banking capital than any other
city in Iowa. In 1887 it had eight banks
with a combined capital of 81, 100, 900 and a
surplus of Sl0i,500; now it has thirteen
banks, with $2,440,0O0 capital and $4,000
surplus.
Sioux City has forty-three churches, EN-
bracing all denominations, and forty-one
schools; the best and most perfect common
school system in the world From this form
your own estimate of the character of Sioux
City's people. Its death-rate is only about
10 to 1000. The altitude of the city is
about 100 feet above the sea.
Sioux City has complete and perfect
system of water-works, with an unlimited
supply of pure water. 1t has perfect sys-
TEN of sewerage. 1t has the finest opera
house in the United States. 1t is the
acknowledged amusement center of its
trade territory. 1t has thirteen bright and
progressive newspapers, including four
dailies.
Millions of acres of fertile prairie land in
the surrounding country are as yet un-
touched by the plow, and boundless posi-
bilities lie before Sioux City in grasping
and handling the business incident to the
compact settlement of the country north and
west of her
Sioux City offers more opportunities for
safe profitable investment than can be found
in any other place. No city in the state is
securing as large investments of eastern
capital as Sioux City.
The within facts are some of the reasons
why we feel sure that this property will
rapidly advance in value and prove very
profitable investment to the stockholders.
For the present no regular dividend will
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