The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1905-05-24
IT TAKES BIG MONEY.
D. N. TalIman Of Willmar at Head Of
Big Dakota Company.


the exchange in this city and the
long distance lines running out OF
the same, is at the head of a new
company, known as 1.-THE Dakota
Development Co.. +" and several kin
dred organizations. Mr.. Tallman
has given the Willmar Republican
Gazette an outline of the plans
which he and his associates pro-
pose to carry out. These plans in
volve the use of vastsums of money.
the building up and improving of
large sections of country, the open
ing up of many new towns, the
starting of almost numberless en-
terprises in various lines of bust
ness activiry-in fact the carrying
out Of stupenduous undertaking,
which will call for exceptional bus
mess sagacity and activity, as well
as executive ability of the highest
order if it is to be brought to a sue
cessful issue.
The starting point of these enter
prises is the owning and control
ling of all the townsites along the
lines of roads which the Great
Northern railroad company is to
build this season in North Dakota.
In previous years the Great North
ern company have not had settled
policy with reference to the hand
| ling of the townsites along the diff.
erent lines of roads ithas built, and
the result of different methods OF
| development of towns along its
lines has not been in all instances
satisfactory. The first desire Of
the company naturally is, where il
builds lines of road into new coun-
try, to attract capital to the towns
which are located along these roads
for their due development and tc
attract settlers to the country thus
opened. Some time since the com
pany, through its vice president
Mr.. L. w. Hill, offered Mr.. Tall
man the control and management o
all the towns it might locate on the
different lines of roads it woulC
build this season, this offer being
accompanied by the assurance tina
the company had decided after due
consideration that he had the nee
essary qualifications to handle thu
enterprise not only to the advan
tage of himself and those he nigh
associate with him, but also to thu
satisfaction of the company in thu
matter of practical and rapid de
velopment of the territory through
which the roads would pass. Mr.
Tallman was naturally highly
pleased at the confidence shown il
him by the officers of this grea
corporation, but hesitated at frs
about accepting an undertaking 0
such magnitude. After due con
sideration and consultation with
friends, however, be decided tt
take hold of the matter, and the in
orporations named at the end o
this article are the first fruits o
the undertaking.
While the incorporators of tht
banking institutions mentioned ex
pect to provide sufficient funds tx
accommodate every legitimate loca
enterprise, it is apparent that thu
growth and development of thu
country will demand large capita
to handle the long time farm loan:
which are an important factor IL
every agricultural community, anC
particularly in a new country. tt
| bulS EuO dIG lOW IL
progress looking to the organiza
! ton of Trust company with cap
ital of quarter of a million dollar:
and with Eastern connections o
great financial responsibility. Mr.
Tallman has been successful in in
teresting number of heavy CAPT
talists with him in this proposed
enterprise, and it is probable tina
the details will be agreed upon il
the not distant future, and that th,
trust company will be duly incor
porated. The headquarters of thi.
company will either be at Minneap
oils or Willmar, with the chances
favoring Willmar; and in that even
it is not improbable that hand
some and substantial building vii
be an addition to one of the bust
ness corners of the CITY.