Posted by Dick2 on August 12, 2015 at 09:51:33 from (174.19.246.61):
In Reply to: B T O way back when... posted by big daddy t on August 12, 2015 at 09:14:43:
When people began to homestead and settle in ND, some people with money bought up lots of land from the railroads that the government had given them to sell to raise funds to build the railroad.
After the Sioux uprising in southern, MN, the MN Guard ushered the Indians through half of ND territory to the reservation at Devils Lake, ND. The government had no money so they paid the guardsmen in script that they could use to buy land in ND. The guardsmen were already established farmers in southern MN, so they had no use for the script. Two brothers in the Guard bought up the script for 5 cents on the dollar and bought large tracts of land.
A friend of my grandpa worked for them. There was no large equipment, so they had a lot of horse drawn equipment, men and horses and mules. The men would leave the headquarters farm early in the morning with their team and plow - and plow 5 miles straight south and 5 miles back. That took all morning; in the afternoon they made another round and 20 miles was the limit a horse in those days.
My mother recalled another Bonanza farm moving 100 binders and teams by her Dad's place to another farm. Most of the Bonanza farms failed for various reasons. The one that our friend worked for went under because the brothers gambled on the grain exchange until they lost all but 480 acres of the land. Some of the Bonanza farms hung on until the depression of the 1930's. There was so much equipment to sell and so little money in the hands of the smaller farmers, the bankers used to stash jugs of whiskey around the farmyard the day(s) of the auction to get farmers to bid on the equipment. Must have been a sight to behold.
There is a book titled: "The Day of the Bonanza" that may still be available if you are interested in reading about them.
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