The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-03-13
The Taxes the 5000, 900 Loan Will
Call for!

Call for!
II has been iterxted and reiterated, since
the commencement of the discussion of the
S5.OOO,OOO Loan Bill, by tho friends OF that
measures. that the State would never be CAL
led upon to pay one dollar Of either lnteres,
or principal Of said loan.
On the other hand, the friends OF the
State and opponents Of this scheme OF Pill
laying the people, have declared that q tax
would necessarily have to he levied to meet
the interest and provide for the principal and
that the Constitution required it. Who is
riyhta Let US see what the Constitution
SAYS:
..Sko s. For the purpose Of defrayng extraordnary
expenditures. the State may contract pubic deots
every such debt shall be authorized oy law, LOT
som. single object be distiuc y specified therein;
and every such law shall levy tax annually
SUFFICIENT the annual snfere OF sJen aeo St
also SUFFICIENT to pay Tie prs"c'pat c sue" 9eot
qcith,n ten gears from the fRd! passage " s"M Nte'
and shall specially appropriate the proceeds OF such
taxes TO the such principal anu interest anu
uch spproprntion and not be repealed,
poned diminished until the principal and interest Of
such debt shall have been wholly Paiu'
This question of taxation Is one which ad-
dresses itself to every reflective man, who
has the general interests Of the people at
Eeart.
For our own part, we have labored from
the start, even amid torrents Of low abuse
and gross Misrepresentation, to place this
matter clearly aud tangbly before the couu-
try.
We now declare it to be part of the al
ready arranged programme, that so soon as
the bill shall be approved by the people, if
such a fatality should happen, that the friends
and supporters of this bill in the Legislature
are TO pass law assessing a tax of THREE
HUNDRED AND FIFTY THOUSAND
DOLLARS to meet the interest and FIVE
HUNDRED THOUSAND DOLLARS to
create Sinking Fund for the payment of the
principal.
That such, in part at least, is the program
me, no honest man among them will deny.
Thas they hope to deceive the people into
an approval of the bill, under the erroneous
impression that they incur no taxation by
the loan, and as soon as that has been fully
accomplished, then they come forward with
this mammoth tax bill.
Fellow citizens of Minnesota: you who
propose to make YOUR permanent homes anu
spend your lives in this now prosperous anu
promising Territory, are you ready to az
prove bill which will OF necessity, under
the Constitution, burden you with tax ofa'
least ,! per cent per aunum on every doIla
OF YOUR Property in al,lition 10 the he,v!
Iaxat:ot already nee s>arliv borne iy YOU 10
tie pa, pose OF carrying on the machinery Oh
Government
We assure you that TIL. will be tie resul'
Will YOU receive that warning "hie it Is Yet
lime DO not f,,ter yourselves thEt 20
will have the privilege of voting also on IN
ti4 gus iosi, Tor yOl will not.
No. your vote u. .On this iniscalled amend
ment to the C"n.t,tution ends our part H.
the drana-either releases you at once, Oh
rivets the Grains by which YOU are to lie
bound beyond remedy.
This is your only chance. Leave it to
maturity Of your representatives to proieci
you against these tazes, and you are lest
They will say, your approval of this bill was
a sanction, aye instructions to them to vote
the taxation; that You SO understood it--be-
canse YOU knew the Constitution demanded
il
This will be the answer you will receive
from your representatives, and we say t"
you in time, while you yet have the power,
place upon the paole scheme the seal Of your con-
demnation-your Indignation