The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-06-03

| ~ frequently IN the future IA IN the past
and il Is the duty therefore, OF those who ar,
charged with administering the affairs OF tn,
State, SO 10 shape its legislation as to enable
her to meet such crises, whenever they may
happen. without embarrassment or discredit'
The wisdom Of general laws which guarl
the bill holders against the insolvency OF
banking institutions, has been fully vindca
ted within the last few months In the
States wher such safe guards do not exist,
many OF the banks have been crushed. aud
their notes are consequently worthless. In
New York, Illinois, Wisconsin, and SOME
other States, the community having conf
dence in the ability ofthcir own institutions
10 meet their obligations. under the provis.
ions Of banking laws. which require ample
securities To be placed in the hands of the
State authorities. have continued to receive
their bills as currency, and the general dis
trcss has been much allcvia,cd thereby.
The Constitution OF Minnesota has provided
for juoicious banking system, which will
protect The citizens eflectually, against less
from the depreciation OF bank notes, and u
general law has been passed by the Legisla-
turc TO give effect TO its requirements,
Banks arc, at best, but necessary evil, and
their operations should be restricted to their
legitimate sphere, so that they may no, be
made use Of to Cypress the commercial class.
u, aud through them the people at large, or
means Of disturbing and depressing the
monetary affairs of the country.
The grat plan OF railroad intcrcommun.
cation contemplated by Congress in the
liberal donation Of public lands 10 Minncso
TT, lids hot ytt tj1sn prosecutor. III t1tsr
quence OF tic impossibility Of obtaining
money during the past year, upon any secu.
rites, however valuable. The credit of
railroad stocks has deprecated very mate
rally, caused by frauds and mismnnagc
ment on the part Of the Directors OF many
Of these interpretations in tho several States
II is vital to the prosperity of Minnesota,
that her railways should he completed at an
early period We are now so isolated, that
is difficult, especially in the winter season,
10 communicate with the South and Fast
The large amount of produce rnised by our
farmers, is comparatively Of little value,
owing TO the mpracticablity Of reaching u
market The ncighborIng States are using
every ei'or, 10 divert the stream Of immigra.
ton from Minnesota to their own lnnds, aud
IT il evident that they will succeed To some
extent, nj least, unless our railroad connrc.
tons with the cas-, are speedily finished and
put in operation.
The people Of this State, by an ovorwhcm-
ing ma jority Of votes cast on the 10th OF
April lat, adopted the amendment 10 their
original Constitution, which provides for the
loan of the public credit to the land grant
railroad companies, to the extent OF 50 900.
600 upon certain conditions. Before any
State bonds can be issued to these compa,
nies, they must produce to the Governor.
satisfactory evidence, verified by the allida
vita Of certain Of their officers that spoci
fed amount Of labor has been previously
performed, upon their respective roads. Al
the guardian Of the interests Of the State
during my official term, il IL proper for me
10 state, that, while I should avoid being
unrcasoDably strict with these railroad
associaiions. ] shall require 90 bc satisfied
by objectionable evidence that they bavc
complied as well with the spirit as with the
letter Of the amendment authorizing the loan
and that they are conducting their opera
tons, az parties 10 the contract with the
people Of the State, in good faith, before
will consent TO deliver over 10 them any por
ton 81 her bonds.
There il no object 81 more Importance
to the permanent prosperity and character
Of our State than the diffusion u intelligence
among the people, and especially, the e,luca-
ton 81 the rising generation. Congress has
secured 10 US a large share Of the public
lands within our limits, not les than one
eighteenth Of the whole Tor common schools
and two entire townships for University
purposes. These donations should be held
sacred, to lie appropriated TO the purposes
for which they were bestowed. II wisely
io@,ered, the State will possess ample mans
Tor oil time 10 cofnc, for the education oi her
children, AMI il il incumbent upon those who
now are or may hereafter BE-. entrusted with
the regulation Of her public affairs, 20 10
dispose Of the fsDds that may be received
for these lands. or any part Of them, that
they will be preserved, az provided for 10
the Constitution, forever iuviolate and uD.
diminished
II il desirable that there should ic an
early AMI complete organization u the mill.
tia, that the power d the State may he, a,
all TUNES, available for the protection Of the
lives AMI property Of her citDns. While
zone Of The Ststs Of the Union can afford
more abundant or better material for citimA
soldiers. in proportion TO their population,
than our own, il cannot truly te said, that,
up 10 the present period, there has been even
a partial organization among IA. We have
wsrllke ,ribes u savages Oh our frontiers,
and although, happily, there is 10 reason TO
apprehend difficulties with them, yet il In the
part Of wisdom TO be prepared for any ext
geucy which may arise. The events Of The
last year, when mail band Of Sioux 10.
dams on Our extreme southwestern border.
destroyed many valuable lives Of citiDns Of
our own Territory and Of Iowa, teach Us,
tina, Tor tie future, We must depend upon
our own energies To punish outrsg's Of any
KIND rather than urSn the farJy movements