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Cadwallader C. Washburn
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===Minneapolis Mill Company=== In 1856, the [[Minneapolis Mill Company]] was chartered by the Minnesota territorial legislature. Among the incorporators were Washburn's cousin [[Dorilus Morrison]], and [[Robert Smith (Illinois politician)|Robert Smith]], an Illinois congressman who had acquired the rights to the water power at the west side of [[St. Anthony Falls]] in [[Minneapolis]]. The company struggled initially, and several of the early investors sold out. Washburn bought in and eventually became president. His brother William moved to Minneapolis about that time, and actively managed the company. The company built a dam, a canal and a complex set of water transfer tunnels which were then leased, along with land that the company owned at the foot of the falls, to a variety of mills β cotton mills, woolen mills, sawmills and grist/flour mills. Eventually the work and investment of the two brothers paid off well, and they used their new-found capital to invest in mills themselves.{{sfn|Atwater|1893}}
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