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


town of La Crescent.
An act for general incorporation act.
An act to Incorporate the Nininger and St.
Peter Railroad Co.
Or notion the Senate then went into Com
mittee of the Whole Mr. Richardson in the
Chair, to take up S. F. No. ll3, the substi-
tute for No. AZ, bill to loan the credit of
the State to aid in the completion of certain
Railroads.
The bill was then taken up in the section
under consideration yesterday at the time Of
aijpurnment, Mr. Bates substitute for Mr..
Ridpath's amendment, relative to the sale Of
mortgage bonds Of the Companies, in case of
any default on their part.
Amendments were proposed and discus
sed at considerable length, by several of the
Senators, Messrs. Cowan, Van Etten, Nor
| ton ndsley and Bates, on the features Of
the various propositions, the burden of which
was the security to be furnished the State.
A tilt cnsued between Messrs. Reiner and
| Lind ,ley, towards the close of the session.
Mr.. REINER declared that the seeming
prodigious efforts, and plausible zeal on the
part Of some Of the gentlemen, especially
the Senator from Olmstead to "get the State
well secured" deserves the special gratitude
of post rIty. The gentlemen from Olm-
stead reminded him Of an old hen who had
discovered a nest Of eggs, and having appro-
priated them, fought off every other one in
snappish eagerness to warm tine monstrOus
incubation into life. The Senator had even
claimed the paternity of the report, besides
arroeating to himself the authorship of the
bill, and indeed the whole measure. But as
far as the security was concerned, though
their honeyed tongues might convince this
Senate that the measure and the securitie were
all right-he rejoiced that tribunal higher
than them-the sovereign power, the PEOPLE,
were to Judge it yet, who would not be fiat
tered, threatened or bribed. He devoted
moment or two to the amendment and
showed up" the pretended securities
Mr. LINDSLEY replied that the gentle
man from Washington had spoken nothing
on the merits of the bill, but only spent his
time in personal abuse Of himself He
thought this out of place, as we were here to
discuss and consider great and important
| measure.
Mr.. Cowan and Murphy offered amend
ments, neither of which were adopted, as
pending their consideration,
The Committee rose, reported progress,
asked leave to sit again, and recommended
that the bill as amended be printed, as we'll
as the pending amendments.
The report was agreed to- and the bill was
made the special order for tomorrow.
The Senate then adjourned.
HOUSE met and was called to order by
the Speaker pro tenn.
| REPORTS.
Mr.. STEVENS, from the committee to
whom was referred the Bank bill, reported
an additional Sec. providing for the appoint
ment of q Bank commissioner, with power to
inspect the condition of the Banks once in
three months, and also another section relat-
ing to the violation of tn, provisions of the
act. The report was concurred in, and the
bill ordered to be ensrossed-ayes AZ, nays
10.
| THE LOAN BILL.
The bill for the issuing of $25O,O00 in
stocks which passed the House some three
weeks since, having come back from the Sen-
ate with several amendments, came up for the
concurrence of the House.
One of the amendments provided for con-
ditionaly raising the interest to ten per GENT
Not concurred in-ayes 81. nays 33.
Mr.. TEFFr moved to reconsider the vote
whereby the House refused to concur.
Mr.. BALCOMBE hoped the vote would
not be re-consdered. He believed they
could be negotiated at per cent. TO give
an additional percentage would only be put
ting an extra amount IN the hands Of bank
ers, who have been buying up the indebted
ness against the State.
Mr.. TATTERSALL believed that if the
Act allowed an interest of ten Per cent, the
bonds would never be negotiated for any
less.
Mr.. STARKEY had confidence that the
Governor AMI Treasurer would negotiate
them at the least possible rate, no matter
what interest was allowed by the Act.
Mr.. OTIS said it would he no loss to the
people to exchange their bonds bearing ten
per cent. interest, and take up the State
scrip which bears twelve per cent.
The reconsideration was lost-ayes 80,
noes 90.
The other amendments proposed by the
Senate were then concurred in.
BILLS INTRODUCED.
BY Mr.. CROSBY An act securing to
mechanics lien Oh lands and buildings.
SECOND READING.
To anthOrise the construction of bridge
across Crow River.
TO incorporate the town of Yarmouth.
L" incorporate tie City of Marine. Re-
ferred to the Washington county delegation.
A memorial for an appropriation to COM
ple,e tie Mendoza and Bi, Sioux road.
The bill to amend the act Incorporating
the City of ST. Paul was referred to the ST..
Paul delegation.
COMMITTEE OF THE WHOLE.
On motion of Mr.. KEITH the House
went into Committee of the Whole on the
IIennepin county bond bill, Mr.. Sheetz in
the Chair,
Amendments were proposed by Messrs.
Keith and Gibson, when the Committee rose
and the House ordered the bill to be engros-
sed.
The Committee of the Whole, Mr. TAI.
BOT in the chair, then went into the consid-
Grafton of the Senate file of bills, and when
the Committee rose, recommended the
following bills to be lead third time:
TO locate a State road from Chatfeld to
Winnebago city.
To authorize the City of St. Paul to loan
its bonds to the st. Paul Bridge company.
To locate State road from Rochester to
Cannon Falls.
To locate State road from Shakopee to
Farbault.
TO authorize the Commissioners of Steele
County to build certain bridges.
The bill to extend the time for the COM
pletion of the Mississippi and Rum River
Boom Company, was referred to the Com
mittee on Corporations.
HOMESTEAD BILL.
The House then went in,o Committee OF
Whole, Mr.. Starkey in the Chair, for the
consideration of the Senate bill to exempt
certain property from execution,
Mr.. GIBSON prop sed an amendment
which was adopted, providing that this act
should not be so construed as to affect the