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Each have 1/9 and the Mill 5/9 of the profits. The Mill cost about $2000, the Mill owners have to make their own insurance and pay taxes, The Mill owners have a contract for from 3 to 4 million of logs, now being cut, to be delivered in the St Paul Boom, for $4,25 per ?, they will cost in The Mill Boom about $5, which we have at cost, lumber is selling for from $10 to $20 per the planed siding and flooring for $25, but the great draw back will be to sell all we can make, and then we have to trade a great deal of it, I think we can saw boards for $200 and can hire men and pay them 2/3 of their wages in lumber, I cannot see why we may not make a good business of it, I wish now that I had not bought the farm at the Grove, but I hope to sell it soon, I am now on my way into the woods where the logs for our Mill are being cut, I have been up once before this winter about 4 weeks since, I shall stop in the woods this time two or three weeks. It is about 125 miles from St Paul a few miles west from Fort Riley, There is a man now engaged in drawing the machinery and light portion of a steamboat from the Mouth of the Crow Wing River to the Red River of the North where he will build a new Hull for it. The portage is about 120 miles from here (St Cloud) to Breckenridge which is the head if navigable water on