The Minnesota pioneer. [volume] (St. Paul, Minn. Territory) 1849-1855, 1852-01-15

l recommend that provision be made by
the present legislature, for fixing the
compensation of this officer Doubtless
! practical defects exist IN the present con.
stItution of our school system, which re.
quire corrective legislation, and the sta.
tistics collected by the Superintendent
will present you accurate data for en-.
Ightened action. | doubt not that the
: suggestions of this officer will be Of IA
ture to commend themselves to your IA
yorable consideration.
BY an act, approved February 10,
1851, the Governor aud Legislative As
sembly ofthe Territory OF Minnesota, are
authorized "to make such laws and
needfu regulations as they shall deem
"most expcdient to protect from injury
4" and waste, sections number sixteen and
thrty-six in said territory, reserved in
relationship for the support of schools
"therein. " Ii will be proper for you to
! give force to this intimation of Congress,
and by appropriate legislation prevent
the lands reserved for school purposes,
from becoming impaired in value by
trespass or waste.
! By the same act, the Secretary of the
Interior is authorized and directed "to
I" set apart and reserve from sale out OF
"any Of the public lands within the Ter
ritory of Minnesota, to which the In
dian title has been, or may be extin-
"guished, and not otherwise appropria =
"ted, quantity Of land not exceeding
two entire townships, for the use and
Support Of University in said Terri
"tory, and for no other use or purpose
whatsoever, to be located by legal sub
' divisions Of not less than one entire
section" This princeIy donation of for
ty-six thousand acres of land, will place
the University Of Minnesota, ifjudicious
selections are made, among the best en-
dowed Institutions Of learning in the
West. II is important, in order to Sc.
cure choice reservations, that locations
should be made as early as practicable
after the lands are bject 70 entry. Su-
perlor lands, upon the eastern side of
the Mississippi, night, at the present
time, under an order from the Secretary,
DC set apart for the use Of the Universi-
ty; and am confident that any course
which the Legislature may indicate in
the premises, will meet with prompt ac-
quiescence from the very liberia! officer
now in charge of the Department of the
Interior.
For details of interest in regard to the
condition Of the Territorial Library, your
I,rnrfn1 "a Tho sl
Librarian. To secure a gradual acces-
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 a moderate
sum to be expended under the direction
Of the Librarian and joint library COM
mittee. Iwoud further sug ge st the pro-
priety of the present Legislature taking
incipient steps to secure for the library
the important advantages afforded by M.
Alexandra Vattemare's 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 enactmcnts
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 cxis-
tence, banking is extremely hazardous !;
and that the distrust, agitation and alarm
arising from oyer-issues Of paper, and
improper use Of banking facilities, is
more difficult to overcome and more dan
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
ized the creation of banks. This. their
large population and commercial ne
cessities commensurate with the con-
stantly increasing amount Of property,
D.. doubtless warrant But 1t 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 n 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
been proved to be saie--tll decisive
lead shall be given in that direction by
the public opinion; till 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 dc
! nothing in relation 10 the charter O,