Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1842-07-06
TERRITORIAL SCRIP.

AS many inquires made by the holders of this
paper to the amount which will probably be re-
deemed, the time OF redemption, and the course
likely to be pursued by the Secretary in redeeming,
it may be well to give the public all the information
we have in relation to the matter.
Unless Congress should make an appropriation
Tor the payment of our Territorial arrearages, the
sum which will be placed in the hands of the Sec
rotary to be applied to the redemption of the scrip
will be but 100000. The amount of scrip issued
about $37, 0O0-leaving balance of $l7, 900
to be hereafter provided for either by Congress or
the Territorial Government.
AS to the time of redemption we can only state
that the Secretary started for Washngto to get the
amount of the appropriation made for the Territory
three or four weeks since. When he will return is
uncertain, but when he does, he will doubtless have
in his hands, ready for disbursement, the 500, 900
appropriated for las: years legislative expenses, as
well the $s2O, 900 appropriated for this Holders
of territorial certificates and scrip may then, we
think, confidently calculate upon the payment of
portion of their dues in the of three or four
weeks at the farthest
Concerning the course which will be adopted by
the Secretary in redeemng the scrip, as no distnc-
ton has been made by Congress its appropriation
for our Legislative expenses, the most equitable and
only proper mode will be for the disbursng officer
to make a pro rata payment upon the whole amount
issued, endorsing the sum paid upon the scrip pre-
sented, in which event each creditor will receive,
estimating the scrip issued at 37 000 and the pre-
sent appropriation for its redemption being 500, OOO
on tho 1oIlar Tbo
tary will be able to pay about the same amount pre-
rata upon the certificates of last year, but whe Their
he will make an equitable division of the appropra-
ton which will come into his hands among all the
holders of certificates, or give preference to some
creditors over Others remains to be seen. We have
heard it intimaed that this last course will be pur
sued, and we must confess there is ground for sus-
pcion in the premises, but we can hardly bring our
selves to believe that the Secretary will be thus
gardless of the dictates of duty and propriety.
We are sanguine in the belief that Congress, be-
fore the close of its present session, will make pro-
vision for the payment of the arrearages of our ter
rtory, the same has been done with reference to
Iowa and Florida. The Legislature of Wisconsin
has been no more extrava CANT than the Legislatures
of those two territories and we cannot divine upon
what principle of justice equity the claims of the
latter have been allowed, while those of the first are
rejected. We trust delegate will attend to this
matter, for unless something is done by Congress
in the premises, the Legislature of the Territory
will be bound at Its next session to provide for the
redemption of such part of the certificates and scrip
as may remain unGquidated. And the only way in
which this can be done will be by taxing the peo-
| pie.
p. S.-Since the above was in type we have
learned that Secretary Field returned from Wash
ington on the lst instant. The Milwaukee Sentinel
J says she has drafts on St. Louis amounting to
100000 to pay the expenses of the last Legislature
He continued on to St. Louis, and will be at Madi.
| son in the course of two weeks with the money!
et6
OYThe Milwaukee Sentinel and Farmer has been
considerably enlarged. Its present appearance reflects
credit upon its enterprsing conductor Dir. Starr.