The Minnesotian. [volume] (St. Paul, Minn. Territory) 1851-1852, 1852-01-10

PSioi iohuS, upon tHc Cootclu SIuC Vi
the Mississippi, might, at the present
time, under an order from the Secretary,
be set apart for the use of the UNIVERSE
ty; and am confident that any course
which the Legislature may indicate in
the premises, will meet with prompt ac-
quiescence from the very liberal officer
now in charge of the Department of the
Interior.
For details of interest in regard to the
condition of the Territorial Library, your
attention is directed to the report of the
Librarian. To secure gradual access
sion to the number of volumes, and es-
pecially to keep up the series of United
States and State reports, l recommend
the annual appropriation of moderate
sum to be expended under the direction
of the Librarian and joint library COM
mittee. Iwould further suggest the pro-
priety of the present Legislature taking
inclPient steps to secure for the library
the important advantages afforded by NJ
Alexandra Vattemare' system of inter-
national exchange.
In the department of "statute law, ="
the friendly system of interchange al
ready existing with most Of the States,
may be expected to keep up the series
of their annual Legislative cnactments
For information in regard to the state
of the militia of the Territory, you al G
referred to the report of the Adjutart
General.
am satisfied, that in staid and set
tied communities, well regulated paper
currency, circulating on an adequate
basis, is decided public advantage
But the experience of the Territories of
Wisconsin and Iowa should admonish
us, that in the peculiar condition of So
ciety in an early stage of political cxs-
tence, banking is extremely hazardous !;
and that the dstrust, agitation and alarm
arising from over-issues Of paper, and
improper use of banking facilities, is
more difficult to overcome and more dam
gerous in its tendencies if not overcome,
than the actual inconvenience and loss
es usually incident to an insufficient cur
rency.
The States of Illinois and Wisconsin
have recently, by popular vote, author
lied the creation OF banks. This, their
large population and commercial ne
cessItles commensurate with the con-
stantly increasing amount of property,
doubtless warrant. But it cannot be
disguised that in both these States. years
since, they suffered much from prema-
turely embarking in corporations of this
character, and that the prejudice there
by engendered, has postponed their re-
cent action to a much later day than
would otherwise have been the case.
am not aware of any disposition in
this community, to apply to the Legisla-
ture for the incorporation Of a bank -
Until there shall be general call of the
community for such an institution,
think its establishment would be prema-
ture and to be deprecated. Till the day
shall arrive when banking facilities may
be granted upon principles which have
lead shall be given in that direction by
the public opinion; til! the fullest CON
viction is felt by the public mind, of the
great utility and indispensable necessity
of such an institution, it should be sta
ted purpose with the Legislature, to do
nothing in relation to the charter of
:, banks.
The second public sale of lands lying
in the Territory of Minnesota, was held
at Saltwater in August last-44O, 900
acres were offered, and 2,7D5 acres sold,
at the minimum price of Sl.25 per acre.
! All the surveyed lands in the Territory
the plats of which have been filed in the
office of the Register, are now subject
to private entry.
> During the year 1850, 1885 acres
were disposed of, of which 33, l2O acres
were located by military land warrants
The pre-emption claims filed during the
same year covered 35, 900 acres.
During the year 1851, 33,4M acres
have been entered, of which Is, 20 acres
were located by military land warrants.
Claims under the pre-emption law have
been made during said year, to 50, 2O0
acres.
OF the subjects upon which the two
preceding Legislatures have. memoriaIi-
zed Congress, some have been defintive-
ly acted upon-others, left unfinished,
but partly matured, will recur to your
attention without needing a renewal OF
notice from me.
There are so many considerations con-
nected with the policy, propriety and
constitutional obligation of Congress
granting aid and succor, in the prosecu-
ton ofworks of general Importance, that
were | to enter upon them all they would
carry me far beyond what is necessary
to be stated on the present OCCASION
Without then adverting in detail to those
contemplated improvements in which
Minnesota may be considered more inn
mediately interested, merely remark on
the subject generally, that every i'm
provement which cheapens transporta-
tInn Snandincrlx ald. To the Va 10