The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-03-20
Tho Bank Bill-AnOther Swindle DE.
feated-'sThe ClOven Foot" Exposed.
The Daily Times of yesterday, under the
head Of "The Cloven Foot Appearing" saws ::

heao OF line ClOven FOOT appearing, says
"while the Banking Bill was up before the Senate
yesterday Mr. Somers moved to except the Minnesota
Railroad Bonds from the securities, that the Banking
Houses allowed to deposit the basis of banking
business This amendment received the support OF
who, from the first, opposed the Loan Bn."
Mr.. SoMERs and those who supported his
motion, deserve the thanks of the honest
men of Minnesota. Information received
from all parts of the State, and the rapid
changes of opinion going on in this city,
against the $5,OOO,O0O State Debt Bill
leaves no room for doubt, in our Judgment,
that If the opponents of the bill do their
duty, it will be defeated by an overwhelming
majority Of the actual voters Of the State
We also have no doubt, that it is the inten-
ton of the men who are laboring to fasten
this Swindle upon the people, to make false
returns Of votes never cast in its favor,
from Pembina and remote parts of the State
destitute of inhabitants; and that Acting
Governor CHASE, who is the mere tool of the
Plunderers, will count such forged returns
and thus declare the debt amendment to the
Constitution ratified, when, in fact, it has
been defeated. The Railroad people will
then, in all probability, proceed to bank
upon the bonds thus fraudulently obtained !;
and not only cheat the people out of the five
millions, but out of the circulation they will
be thus enabled to create. And by tits
means they hope to prevent the people from
repudiating the bonds issued by such fraudu-
lent means
In order to play this game to the fullest
extent, the representatives of the Railroad
Companies in the Senate tried hard to pre-
vent any other State stocks save those of
Minnesota, being the basis of our banking
system; but as they could not carry this in
opposition to the determination of the Anti
$5,O0OOOO Loan Senators, they were COM
PEELED to pass this portion of the bill as it
came from the House, with provision al
lowing other State stocks besides those of
Minnesota, as the basis of the proposed
Banking system, so that capitalists with the
State stocks of other States will now be al
lowed to come here and commence banking,
who, unless discouraged by the passage of
the Monster Loan Bill, will undoubtedly
come, and furnish to the people all the circu-
lation they can want, and that, too, based on
solid foundatian.
We repeat, that the Senators opposed to
the Monster Loan Bill and their friends in the
House, have thus proven themselves to be
the true and most faithful guardians of the
public interests.
The passage of this bill will make the State
Bonds to the amount of $780, 1000, issued to
pay the expenses Of Government, equal to
par.
In this connection we now warn the fabri-
Gators of bogus returns, that after the PEG
pie have voted down the $5,OOO,OOO Swindle,
they will not submit to fraudulent issue of
State Bonds to the Railroad Companies, for
banking or any other purposes and that
while they would acquiesce in the voice of
legal majority, they will not submit-not-
wthstanding the example of the late State
election-to being defeated by bogus returns
manufactured either in or out of the Acting
Governors office.