Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1855-02-13
TUESDAY, FEBRUARY Is, 1856.
LET THE ~EOPLE REJOICE.

OESOOAA3 4 GOROAAx Id, 4OOC'
LET THE ~EOPLE REJOICE.
RlshsAas Tri..pAel and the wheel. Of Cerrupsis.
have been Stayed:
1t gives Us unfeigned pleasure to record the ac-
lion of the U. S. House of Representatives in
annuling the Infamous Charter of the Minnesota
and Northwestern Railroad Company. From the
very inception of the fraud, we were the first to
expose it, and have ever since fought desperately
to roll back the tide of iniauity which We plainly
saw was destined to overwhelm us. Step by step
we were met with vollies of abuse-mOnied infu-
ence was brought to bear against us-friends
turned false at the very hour when they were
most needed, and nothing has been left undone to
ruin us in reputation and in pocket; but con-
scious of having done our duty to the people
conscious of the ultimate triumph of the eternal
principles of Right,-we have pursued one course
looking only to one end-desirous of achieving
one victory, that of Truth over Falsehood, and
Right over Wrong! Having accomplished this,
we are prepared to receive the maledictions of
those, who, like bowling iends, have pursued US
from the moment we dared to oppose them. All
their efforts, however, to destroy us, have proved
of no avail. They are now disarmed, and like
convicted felons, are preparing their winding
sheets for their final dissolution. Their names
will be known only in the calendar of crime (!
Let them go-better and more honest men will
come on to the stage of life-purer and more sal
utary influences will pervade the body polite
and we hope a nobler destiny awaits the Territory
of Minnesota.
la II - a q VI
r. r. Company pursued a straightforward course,
and allowed the bill to pass Congress, without
alteration, there is not shadow of doubt but
the lands would have been in their possession to-
day; but they were too eager to grasp the golden
treasure, and that very eagerness has been the
cause of their ruin. The annulment of their
Charter by the popular branch of the National
Legislature, by a vote of 1l6 to l6, is sufficient
evidence that such acts were deemed too heinous
for Endorsement, and while Congress have
indicated their own honor, they have saved the
people of this territory from monopoly which
would have been curse to them in all future time
Right has triumphed and the Wheels of Corrup-
ton have been stayed!
That the Senate will concur with the House in
the annulment, there is no doubt. The majority
is too overwhelming not to receive the sanction of
that body, although it might feel disposed to
favor the company. 1t can do no otherwise than
concur, and then good-by to chcanery and fraud
But should the Senate not concur, the U. S.
Supreme Court will put veto on the company,
for every thing connected with the suit, brought
by the District Attorney, is calculated to heap
odium upon it and those who instituted it. There
is no doubt in our own mind but the Minnesota
and Northwestern Railroad Company is dead
dead beyond resurrection!
BY the annumcnt of the Charter, it is true, all
hope of the lands is gone: but had our Legisla-
turc repudiatcd the acts of the Company, as we
have advocated they should do, there would now
be some chance of procuring new grant.
Whether, under the circumstances, members will
vote for bill, is question we cannot an
swcr. We fear they will not and if they should
not, let the responsibility rest upon present
Legislature.
In the early part of the discussion of this sub
ject, we stated that the friends of Minnesota in
Congress, voted for the repeal of the bill donating
us the land. and that if the people of Minnesota,
through their Legislature, would sustain congress
in vinIicltns her character, by regulating the
act of corrupt company, these friends, lat some flu
turc day, would vote to give a new grant but
instead Of this, the Legislature have not only re-
fused to repudiatc the fraud bu have even refused
to memorabilia Congress on the subject. Here
are, then, in the precise position we foretold,
some five months ago, we should be, unless the
fraud was repudiated. Congress repeats the Bib
of the fraud perpcrated that body, it then
annuls the charter for the same reasons, but
most august Legislature differs with Congress !;
says no fraud was pcrpetrated, and snaps its fin
gers at its action. Under such circumstances,
will those members of Congress, who hitherto
have been the friends of Minnesota, now turn
round and give us new grant? We doubt it.
Who then arc the enemies Of the railroad, and the
enemies of the Territory? None other than those
who have aided in any way to prevent our present
Legislature from uttering their most unqualified
condemnation of an act which was considered suf-
fciently criminal on the part of Congress to re-
pudiatc.
We think the time will come, when the people
of this city and Territory will be free to admit,
that the course pursued by the Times has been
the true course, and that had it taken any other,
it would have sunk itself into merited oblivion.
For ourselves, while We regret the loss of the
lands, (aSwc quite sure the Senate will coz
cur with the House in the annulment of the char
teri at the same time we are glad that bad men
have been foied in their nefarious schemes, and
that our young and growing Territory is once
free from the grasp of gigantic monopoly
Let the people rejoice!
10 The charter Minnesota and North.
road Company unanimously; that the Transit
Company by vote Of 1l6 to 16.
THAT " RESULTING INTERKsr."-The Internal
Machine of the Minnesotian ground out the fol-
lowing tune on Monday morning. In speaking of
the contemplated Railroad, it says:
"A road which will not pay dividend Of one
per cent. to its stockholders during the first ten
years after its completion"
This is an important admission. If this road
won't pay Gone per cent. to its stockholders du-
ring the first ten years after its completion, when,
in the name of Heaven, will it be able to pay
per cent. of its earnings after the stockholders
have realized 20 per cent. dividend? 1t will prob
ably take ten years to build the road, and then
ten wears after il will nav one per cent and ten