The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-02-27


the enacting clause be stricken out, and s. F.
No. ll3 be substituted therefor. Carried,
and the bill as amended was read.
Sundry amendments to the bill. principal
" Of local character, and in relation to the
provisions thereof, we're proposed, some OF
which gave rise to considerable discussion, a
report Of which, however, as it had relation
merely to business statistics, would convey
no idea
The principal motion under consideration
was the amount of security to be given to
the State, and the manner, and when. Sew
eral Senators argued the most stringent and
severe provisions of this nature; advocated
by Messrs. Smith, Reiner, COwan and others.
1t was replied to by Messrs. Skinner, Bates,
Van Etten, Lindsey, and Others, that the Sc
curities were already ample, and that to pass
useless requirements of this nature, would be
but cOnfne the companies 50 that they could
scarcely act at all.
On motion the Committee thereupon
arose, and reported progress, asking leave to
sit again tomorrow.
The report was received, and the further
discussion Set for tomorrow.
The Senate then adjourned.
HOUSE met and was called to order by
the Speaker, pro tenn.
PETITIONS.
Mr.. LORD presented petition from cit
liens of Olmsted county, for memorial for
additional mail service.
Mr.. BRADLEY presented petition from
the citizens of Belle Plain, praying for the
passage of the Railroad Loan.
Mr.. STEVENS, from the Committee on
Agriculture and Manufactures, to whom was
referred the bill for the establishment OF an
Agricultural College reported:
That the Agricultural interests Of Mime
sofa demands College as contemplated in
the bill under consideration. Gov. Medary,
in his message wisely says: "The prospect
ty Of the State is, and must be dependent en-
tirely upon its agricultural resources" Your
Committee would say that the time has ar
rived when measures should be taken to foS-
ter and spread abroad to the world that there
is a science in the mode of farming and
that the young and vigorous State of the
great Northwest has established an institu-
ton for the benefit of Agriculturalsts. The
bill deserves the favorable action Of this
Legislature. The land which it provides
shall be donated to the State for an expert
mental farm and site for an Agricultural Col
lege cannot be excelled for the purposes con-
templated. 1t is in the heart of a vast and
rich agricultural country. Easy of access
from all parts of the State, and containing all
the necessary requisites, it appears that the
hand of nature established the lands in ques-
ton, for the purposes mentioned in the bill
The high character Of institutions of this
kind in the States where they exist, and the
successful manner in which they have been
conducted, abundantly prove to your COM
mittee that it is not premature that Minneso
ia should at this early day take all necessary
steps for the benefit of the farmer, and for
the purpose of enlightening and lettering
their condition. Whatever is to their advan
tage must necessarily be an advantage to the
State at large, and all the different people
therein. Your committee would therefore
recommend the passage of the bill under con.
sideraton. The report and bill was referred
to the Committee Of the Whole.
Mr. KEITH moved that tie report of the
Surveyor General of the second district be
referred to select committee Of three to ACT
in conjunction with a similar committee from
the Senate. Adopted.
The SPEAKER appointed Messrs. Keith
Young and Talbot as such Committee.
BILLS INTRODUCED.
By Mr.. TALBOT: To incorporate the
town of Yarmouth.
By Mr.. HINKLEY: To authorize the
construction of brid &c across Crow River
BY MIR. CROSBY An act to keep the
Capitol building in repair.
SECOND READING.
Senate bills TO locate State road from
Shakopce to Faribault.
10 Cannon Fails.
TO extend the time for the completion o
the Mississippi and Rum Biver Boom.
70 authorize Commissioners Of Steele
County to levy tax TO build certain brids
THE BANK BILL.
On motion Of Mr.. SrARKEY, the House
took the report of the Special Committee or
the Bank Bill.
The amendments proposed by the commit
tee were adopted, which consisted in striking
out three of the sections which were added
to the Till when the bill was under consider
Mr.. BALCOMBE proposed to amend tho
bill so as not to allow the issuing of bills o
less denomination than $500. Lost-ayes
Is, noes Al.
Mr.. BALCOMBE proposed the following
additional section:
Sec. -. Before any person or banking
association formed under this act shall re
Give from the Comptroller any circulating
notes, as provided in section seven Of this act
the directors or stockholders shall give tt
the Comptroller good and sufficient bonds
with two or more sureties to be approved by
him to the amount of ne.fourth of the notes
that the said association shall propose to re-
ceive as an additional security t. indemnify
the bill holders against any loss that may bt
sustained in case the securities deposited wit!
the Comptroller shall be insufficient to re
deem said bills.
so that it should apply only to banks thai
should bank upon Minnesota Railroad stocks
Lost.
Considerable discussion was had on thu
section, when it was adopted by-ayes 81
nays %.
Mr.. STARKEY moved to strike out O
the bill the provision allowing only nine
tenths of issues of bank notes on the pa
value Of the stocks. Lost.
Mr.. ATKINSON moved the reconsider
alton Of the vote adopting the additional sec
ton. Carried.
The question then recurring on the adop
ton of the section, it was lost-aycs "a
nays %.
1t was then proposed, that the section be
adopted as a substitute for the nine-tcnths'
and the "specie clau Sc" provision, and there
was considerable disposition manifested Il
favor the plan, but those amendments havin:
been separately voted down, they could no
again be proposed Fundamentally.
On motion of Mr. GROVER, the bill wa
referred to a special committee, with instruc
tions to report tomorrow.
On motion, the House adjourned.