The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-10-24
What Is to BIO Done s-Thc Crisis.

What Is to BIO Done s-The Crisis.
Yesterday, the stranch and strong bank
ing house Of Borup & Cakes suspcnde pay
ment, making the third banking concern
which has closed its doors in this city, with
in two or three weeks and we fear the end
is not yet.
The wave of the Eastern revulsion is
upon us; and there is danger, in such
financial crisis as that under which the whole
country is laboring, that the Indebtedness of
Minnesota to the East, if pressed to i,nme-
date payment, will bankrupt the debtor with
but little benefit to the creditor-that the
wave will not merely wash our feet, or
sprinkle us with spray, but that it will roll
over us, overwhelm us, cover our whole Ter
ritory with wrecks and devastation.
With as much intrinsic value to our prop
erty as ever it had, it is not to be denied
that if sudde' ly thrown upon the market at
this time, the strongest men in property and
soundest business houses Of every kind, will
behold tens of thousands sacrificed for few
hundreds, a hundred thousand scarcely net
ting under the sheriff's hammer tenth of
its honest appraisment.
And as the men Of property and the men
of business suffer, their fall casts down every
attachment, and every interest, surrounding
them. The Laboring Man, the Mechanic,
the Poor as we'll as the Rich, must EEL keen
Iy, all alike, tie stabs and the wounds, which
will thus be inflicted upon the more promi-
nent members of society and it is with shud-
dering that we contemplate the dire distress
which will be experienced the coming winter
amongst the poorer people of the territory,
every where, but particularly in st. Paul.
Already, we hear the Overseer of the Poor is
overrun with applications for public assist
ance-alrcady, on the Threshold of our
balmy Indian summer, without that provoca-
ton which the severity of winter will surely
give, pauperism stares hundreds in the face.
When the time arrives that the cold-mark
plunges all inch below zero, destitute of en-
ployment, destitute of provisions, destitute
of fuel, the'wail Of distress, the wall of ago.
ny, perhaps will arise from maybe thou
sands of strong men, and of weak women, of
weaker children, crying for aid and finding
none-for where is the man in this commu-
nifty however high and heretofore strong in
purse, who is sure of the ground he will
stand upon this comiug winter, or who is
confident that he will be able to spare any
thing from the support of his own immediate
family to scatter amongst the distressed fam
lies of our Irish fellow citizens, who are like
ly to lie the principal sufferers and principal
burdens on our hands. And is there not a
fearful responsibility resting upon the Dem
ocratic party of St. Paul, whose policy de-
tanned SO many CT these people here to starve
in winter, by delusive hopes and false promi-
SEES Of work and employment, with the selfish
motive of keeping them here to vote for
few demagogues who care nothing about
them the instant Their votes are cast and
election dav is over? But for such false
hopes held out t. them, hundreds Of these
people would have scattered to different
points, and made arrangements that would
have put them more comfortably through the
winter than they can expect to enjoy by con-
tinung here, in this over-burdened, tax-rid-
,len and dcmagogue- ridden city.
Passing over, for the present, further COM
ment on this fact, it is our desire, in this arti-
Gle, to impress upon the public mind of the
territory, the terrible condition Of our finan-
cial affairs, and the absolute necessity of our
looking the facts in the face, ond considering
what is best to be done to save us,
relieve US. assist us all in the chaos OF finan-
cial embarrassment in which the whole COM
munity is involved.
Riff of some kind must be had.
In what form shall it be presented-from
whence shall the relief come?
We must have currency Of our own, say
some:
We must have stay lao, say others, to
give time for the panic to pass over, and In
the meantime, to prevent the awful sacrifice OF
property which the enforcement Of the pres
ent collection laws must see offered up in
country without money to represent val
ucs, without capitalists to bid value for value
received.
The mode suggested for getting at whatev-
er measure of Relief may be deemed most ef-
!cctual, is to have an immediate session of
the late Territorial, or of the just elected,
State Legislature, called by Governor Me-
dairy and when met together and the whole
people arc thus represented, let them con-
slider, advise, discuss and fix upon the
measure of public policy and public law
which it is best to adopt for the true veal
and certain prosperity of their constituents.
It is not within our ken to perceive any OBJ
ijections of any force, under the circumstan-
ces, to this course of action. Something must
be DONE This all concede. Who so fit to
determine what that something shall be, as
the duly chosen lawmakers of the people ?
1t is not only their function to advise, but
they only possess the power to administer the
remedy for state diseased. In other states,
Governors have promptly called extra Re-
lief sessions Of their Legislative Assemblies.
Relief acts have been promptly passed, and
with these precedcnts, we do not see how Gov.
Medary can hesitate an instant, when app-
cation is properly made to him, in summon
ing the Legislature to the Capital forthwith
to deliberate upon the present crisis and to
provide for the general welfare" of the COM
munity.
The Cat Ous of the nag!
Just as we expected and said, the reports
that a county called Davis had given 23S