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SIOUX FALLS. ! - PThe Grand Railroad Meeting. £; «StstibU SpMekai ui Omt Em* ® B«ltSMS Millflttdl, *aSioux Falls, D. T., Not. 3,1875. «The railroad meeting in Allen’a ball last f evening proved a grand aucoeaa. The fact that the people of this county aie alive to their interests in railroads was demonstra- , ted by the pr^ence of about 900 prominent citizens of the county at the meeting.The meeting organized by the election of M. Grigsby, chairman, end C. W. McDonald, secretary. Iq stating the object of the 1 meeting, Mr, Grigsby remarked, tbatwith a voting population of but 694, resources 1 i undeveloped, wealthy only in the poealbil- lt;itlea of the future, Minnehaha county can- I r not expect any man or any body of men to build a railroad to Sioux Falla for no } . other consideration than the profits of lt;I such an investment. i» It would probably take 9-1,900,000 to 1• build, equip and put in working order, a 1* railroad from Sioux Falla to any raHroad \ point, and in order for auch a road to pay .1 ten per cent, per annum, net, on the Invest- 1 - raent, the road mutt earn $400 per dgy, f over and above all expenses., p ^ny pap pf» sppse kcpws ,||jat a road from Sioux Jfy 11s tp apy f*ilrp*d point c could not clear 9*00 per- day lor at leaat the first two.years ..after ita construction,5* consequently we cannot expect a railroad i, to , Minnehaha county prior to the time that aqcb a rpalt;1 wopld be a pUfltig lp#U union uAless wo qre willing to reimhursp a the builders of such~road~fbr the Idas they would sustain in operating such road until It did-becomd a self sustaining Institution-I- Wicker, Mecxling Co., offer to guar-i- antce a road to Sioux Falla within one yter from January next if Minnehkbe county n will raise fl00,000 toward paying for It.• 9100,000,seems at first thought ananor-5* moo* sum for a county with at preceut flSjy tfbWft-neiee of taxable land, of an n assessed value of J}jJ, end whb per-!r sonal property assessed at only |lf0,996 to pay for a railroad. But when we reflect n I that wc have lost this year 90 cdnts per !»Tto9lyLQn.i)!«iL.jB9J»0 bushels of surplus wheaf becapsc ¥e i,ay* pp rgjlro^J, or'? I'W.OOO, and tbit when a railroad is stfrifp for SIoqx ’Filli~~wlfli a ieikbuable prospect ot an early completion, wot only the ImkX1 • •»
Newspaper Details
Yankton Daily Press and Dakotaian
Yankton, South Dakota, US
Fri, Nov 05, 1875
Page 3
Full Page
Clipped by
Huron P.
SD, USA 06 May 2024
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Yankton Daily Press and Dakotaian
Yankton Press and Daily Dakotaian
