The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-29

opposed to Mr.. TAyLOR's positions, gave his
plan, that million Of dollars Of mortgages
could be secured, and an issue OF bills made
to one half Of the amount Of the mortgages,
countersigped and issued in the sam man
ner as in Wisconsin and Illinois. and not To
run longer than three years
Judge SnxRBURSE thought il was not the
design of the committee TO reflect upon the
Secretary or the Governor OF the Territory
in their action. He was among the number
who thought the Legislature might have
been able TO do something for our relief.
His plan for relief was to issue bills on
the most substantial security, Of the same
character as that proposed by. Mr.. BASSISo.
He was also in favor Of stay law being
passed. TO relieve the merchants, who were
upon the eve Of assignment.
Several other gentlemen made remarks
but the lateness of the hour prevented us
from giving an extended report
The question coming up on Mr.. CorroS's
motion for committee of 90 to call upon
the Secretary, and the vote being taken, be-
fore it was announced, the motion was with
drawn.
Mr. PEAsE moved that committee be
appointed to confer with the city, county
and Territorial authorities, and the Gas
Company, ,s to the propriety Of issuing or
ders in small amounts for their respective in
debtedncss.
The motion was lost.
A motion was then adopted that com
mi,tce be appointed To devise some imme-
date means Of relief, to report AT meeting
TO be convened at this Hall on Tuesday
evening. Committee, Messrs. HARRINGTON,
EDGERrov, IRVINE. PFAsE and Caldwell.
Pursuant to adjournment Of the Relief
meeting held on Saturday evening, large
number of citizens convened at the City Hall
on Tuesday evening, AMI were called TO order
by ID. STEWART, Esq, taking the chair, and
Mr.. W. :. CoxBs being elected Secretary.
The Committee appointed by the previous
meeting submitted report, which was read.
The report is as follows:
The committee appointed a, a meeting
of citizens, held on the oath instant at the
Council chamber Of the City Hall, beg
leave to report that they have anxiously en-
deavored to ascertain what would b. the
best plan by which relief could be Afforded
in the present alarming condition of finan-
cial matters in our city and Territory.
The plan that seems to meet with most
favor in the minds Of some Of us, that The
city should issue orders 10 the amount OF her
Indebtedness, and receive the same in pay
ment Of taxes. This, supposing such orders
would be secured by the community, we
would for limited period, and to limited
extent. by making sort Of currency do for
some OF the purposes for which money is
used in the community but as these orders
would no doubt be paid in the settlement Of
taxes, this currency would soon disappear.
Another objection to this mode Of Great
ing currency, is that in the opinion of the
Committee it would BE- u violation of law
and subject those issuing and circulating
such currency to heavy fines and imprison-
ment, and the Committee are unwilling to
recommend any course which employs di-
rect violation Of law, and which could have
no important effect in the premises.
As the petitions Of our citizens for call
ofa Special Session OF the Legislature have
b.eu disregaried, and the reasonable hop
Of relief, thus expected cut off, your
Committee would earnestly recommend
to all classes Of the community TO ex-
ercise mutual spirit OF forbearsnce and
Christian charity, and that each member Of
the community emleavor 10 sustain and help
his neighbor. and prevent, 50 lar as he can,
the positive distress. that but for the cxer-
else of this spirit must, in the opinion Of
your committee I've the lot OF many deserv.
ing members Of this community.
Your committee will present. in the
course Of the evening various plans which
have been suggested TO them. and will leave
the adoption Of any one Of the modes Of re,
lief to the wisdom of this meeting
GEo. ". FARRlNGroN,
T.. :. EpsEKroS.
A Caldwell,
J K. iRvlSE.
X. VI. :. PEASg.
NJ. rs,sE stated tia, he only signcl the
report, On the earnest solicitations OF the
,,b., CONT l.vnsp az the .N,,,n,,,,,.a - ,....