The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-04-28

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scrip have been universally employ a these have beeA
regarded with the least favor, as their limits Of circu.
lation hsve been oircumscribed, they are nevertheless as
safe as the others, aud will all Be required to meet the
local taxes, which will make them sought for when
the period arrives when they must be paid.
1t is not possible to conceive of better security than
the credit on which all the above issues are bascd-all
kinds Of property may ~ductuate, but the amount Of
indebtedness remains fixed, and will be paid t. the last,
mill, even if the entire community should combine to
~repudiste them.
A good banking .ystem, such as is authorized in Min.
n~esota, is created for the purpose Of systematising this
credit, and making it available at home or abroad. Its
bills being easily recognized as those Of a genuine aud
legalized institution, are accepted in all exchanges in
every market. The uncertainty AMI distrust that per-
tains to Issues of bills for temporary expediency, caus-
ing their acceptance to DO made at a serious ~deprecia-
ton. will not affect the issues made in accordance with
the laws Of trade.
We may, therefore, hail with qualification the estab-
lishment Of soma leyitim tie AMI recognized currency Us
. means of escaping unnumbored evils which our de-
~privation causes as. If the custom and demands Of
trade in our day require such to be bank bills, let w
accept them, and enj"y I'LL their benefits until some bet
ter mode is devised and introduced. All theories must
give way when necessity puts in its imperious demands,
and its present one is to have a currency by which the
machinery of business may be put in motion, and the
present death-stupor give place to life and activity.
our state Organization.
m ,ho fret IF Mac Mimi ,anfa wHI hp a Staf3 with.
out the formal recognition by Congress; the vote Of
the people at the late election was aim 'st unanimous
that the Constitution be so amended that the State
officers, elected last fall, assume their duties on the first
Of May, instead Of waiting until Congress recognizes
our Constitution and withdraws it's Territorial Govern
ment. What the effect Of this step will be, it is not
possible to tell: it is certainly a revolutions declar-
alton Of independence against the Federal authority,
without its consent. 1t may be that the Territorial
Government will quietly resign their authority to the
new claimants, and the courts Of justice recognize the
higher law Of popular sovereignty. but it does not seem
probable that they will do so. The object. Of the Gen.
eral Government is to keep Minnesota in its present.
dependant state for some specific purpose, and it will
hold its agents responsible for the use they make Of
their power in thwarting its object, ifthey do not resist
the assumption of the State officers. We hope this
anomalous condition Of affairs nay prompt Congress to
haste n its action for our admission int" the Union, and
prevent the difficulty aud ward IF the collision of au-
thority we are Fastening into. If Congress is urged
BY these wise considerations to do Us Justice, the move
to establish our State authority will prove judicious,
and we are inclined to think that such will be its effect.
The effects of the great revulsion last fall still weighs
heavily on all kinds Of business, not only at the West
but at the East, and not tnly in this country, but in
Europe. The accumulation of capital at all the great
centres of trade, so boastingly referred to, is the worst
symptom Of the depression. All this capital is with.
drawn from the avenues of trade and commerce, AM
in its effects acts as the blood in the body would It all
tended to one part or member. Iu Europe affairs are
even worse than il this country, as the political troubles
add to the distrust felt in all forms of securities.
The loss entailed on capital by its useless accumula-
ton must compel its owners to- seek for investment ID
some formal 6rst i; will be in safe Glasses and for small
profits these will soon beco ne exhausted, AMI a market
must be found for the remainder somewhere, as much
so as if it were wheat, or any other ~perishable com
modify. se 50 '7A: Cd t@5 oG@ ~
Minnesota offers unrivalled advantages to the enter
prisae, Of capital and skill, and will no doubt attract u
large share Of both. Her soil is rich, and adapted fl
agricultural purposes and stock raising, the climate i
delightful, insuring health aud light spirits to all who
come here her streams Of pure water are numerous,
and an abundance Of timber skirts along her uniu.
la.;ne pr.iries and around her myriads of lakes. She
thus profers every thing that should be an inducement
to the emigrant to settle in a ne~ country. A dense
population could be sustained by her, and her manu-.
featuring facilities are second to no other State, and in
her bosom she no doubt hides vast minera! wealth, and
( her forests of pines are to supply the dreary prairie
wastes in the States below for ages to come. The great
Father of Waters is an avenue for the products Of the
tropical regions, aud the shipment Of her surplus wealth
as her resources begin to be u brought into play. She
needs the capital to do this, and the capital is waiting
for suitable encouragement to enter into the work.
The Inauguration OF our railroad ssstem is to do this,
and do it in such q manner that it will be fixed. Fac
tories and manufactures will rise up around the water
falls, and in every central district along the iron course,
until the res onsnt sounds Of industry shall 60 from
hill to hill, aud valley to valley, Through all the land
Other States have grown to supreme importance in
veal th and population, from the western wilderness,
whose beginning would uot compare With the auspicioqrs
brightness Of our future b
-~s Tow nslllp Meeting. sal st 81
@ The citizens Of Nininger Township, embracing sec
tons !, 10, 10, 80 and 81, .Rangel7, and The east half
of Township 49,, Range X, we're mortified to meet on
the 29th inst, ut the Hsndys;de Huuse, for the pur'
pose Of making suitable nominations for the various
Offices to BE- filed at the election ordered on the flth
Of May. 1t vas given out that the nominations yers
to BE- made without regard to party politics 'dsaai +
On assembling the meeting was called to order BY