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12/16/2013: Northern Dakota Territory was rapidly developing, and on this date in 1888 citizens were hopeful that statehood was growing near. It was significant, however, that many absentee land owners controlled huge tracts of land in so-called Bonanza farms. With the financial failure of the Northern Pacific Railroad in 1873, bond holders like George Cass exchanged his bonds for approximately ten sections of land, and E. P. Cheney secured eight sections. The Grandin Brothers from Pennsylvania acquired nearly one hundred sections, all of this in the Red River Valley.
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